IRS

Forgiven Debt Isn't Really Forgiven At All

Posted September 22, 2009 - 05:00 by Kate Luther

Taxes, Credit Cards

Credit Card Debt

Thinking of settling that debt with your credit card companies? You might want to think again. While debt settlement offers can be very attractive, there's often a nasty little surprise when tax time rolls around.

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What can you do if you cannot afford to pay your taxes

Posted April 15, 2009 - 13:18 by Xin Lu

Personal Finance, Taxes, Credit Cards

Have your taxes done today

Today is April 15th, also known as the dreaded Tax Day in America. Due to the recession many people may find that they do not have enough money in the bank to pay what they owe. Instead of marching in the various "tea parties" happening today, this is what you can do if you find that you do not have enough money to pay Uncle Sam.

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Not too late to get your IRS stimulus rebate--if you qualify

Posted January 14, 2009 - 11:20 by Philip Brewer

Taxes

IRS.gov

A lot of taxpayers missed out on getting their IRS economic stimulus rebate last year, even though they qualified. If you're one of them, you'll be glad to know that there's a way to get your check.

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Taxes on irregular income

Posted March 25, 2008 - 04:47 by Philip Brewer

Taxes

Kneeling llama

This is really a non-issue, if you work a regular job:  Your employer withholds taxes.  It's also not much of an issue if you're self-employed and your income is reasonably steady through the course of the year:  You estimate your annual tax bill and send in quarterly estimated tax payments.  If your income is unpredictable, though, it is an issue.  Happily, the IRS does not demand that you be able to predict the future.

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Cross your fingers and hope you’re not caught by Alternative Minimum Tax (AMT) this year.

Posted January 13, 2008 - 09:17 by Paul Michael

Personal Finance

TAxes

If you don’t know what the AMT is, you may well be in for a shock this year. And if your household income is around $75,000 or more, gross, then AMT could very well take a big bite out of you. Read on…

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Last Minute Tax-Filing? Extended Post Office Hours and More

Posted 2 years ago by Andrea Dickson

Filed Under: Taxes

Isn't it weird that there isn't a central list of post offices at, oh I don't know, say, USPS.com, that tells you which post office branches are going to be open late tonight for last-minute filers? Or is there a list and I simply couldn't find it (possible)?

Here's a partial list. Feel free to add your own in the comments section. These are remarkably difficult to find.

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Top 10 Tax Urban Legends, Myths and Rumors.

Posted 2 years ago by Paul Michael

Filed Under: Taxes

rumor

Hey, it's tax time again. If you've already looked at my other post on weird tax deductions , you'll know I like looking at the lighter side of taxation. Let's face it, at this time of year, who doesn't?

So I thought it would be fun to pop along to the Snopes.com website and check out their top 10 tax legends (it's a tricky search, I had to weed out stories not directly related to the IRS). But, what are the big myths, rumors and complete BS stories surroungding this oh-so-special time of the year? Well, here are the results.

Continue reading "Top 10 Tax Urban Legends, Myths and Rumors."

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15 to 35% Off Turbo Tax Online

Posted 2 years ago by Will Chen

Filed Under: Deals and Coupons, Taxes

turbo tax logo

Fidelity.com is offering its registered visitors 35% off TurboTax online. Registration is free. Just click on the link "visitors" on the bottom left-hand corner. Fidelity doesn't ask you to verify your personal information nor does it verify your email address. If you're already a registered user, go here for the TurboTax discount.

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What are your chances of getting audited by the IRS? Your guess is probably wrong

Posted 2 years ago by Will Chen

Filed Under: Taxes

turbo tax war

According to this Kiplinger's tax tip video, only 1 in 150 personal tax returns get audited. Realistically speaking, your odds of getting audited are probably even lower than that. In fact, it's virtually zero.

Continue reading "What are your chances of getting audited by the IRS? Your guess is probably wrong"

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20 amazing, outrageous and just plain weird tax deductions

Posted April 8, 2007 - 11:05 by Paul Michael

Career and Income, Small Business Resource Center, Taxes

Well, it's that time again. The tax deadline is just around the corner. If you still haven't done your return, take a look at the top 20 funky, strange and outrageous deductions that folks have tried, and sometimes failed, to get away with.

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