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April 7, 2015
Generally, individuals have until April 15th to file their return and pay any taxes owed for the year. In most cases, you will not be liable for any penalties as long as you file your tax return and pay your balance by April 15th. However, if you...
April 6, 2015
Although the due date to pay your individual income taxes is April 15, you can request more time to file your tax return. If you file a...
April 2, 2015
Generally, taxpayers are allowed to claim exemptions on their tax returns that reduce their amount of taxable income. There are two main types of exemptions: personal exemptions and exemptions...
March 27, 2015
When it comes to tax returns, you will often hear two different terms regarding income: Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI).
Both AGI and MAGI are important in calculating the amount of...
March 26, 2015