Federal Tax Returns

The Latest

  • January 26, 2015

    Although the IRS only audits about 1.1% of the over 140 million returns it receives each year, for those people who do receive an audit notice it can be a stressful experience.

    If your income is under $200,000, your chances of a tax audit...

  • January 23, 2015

    Are you using the correct tax form when you file your return this year? Remember that filing electronically is the easiest way to submit a complete and accurate tax return. E-file software guides you through your tax preparation by asking...

  • January 22, 2015

    When you are filing your 1040 tax return, right before you compute your final taxable income, you have the option to either claim...

  • January 21, 2015

    Every year, the IRS sends millions of letters and notices to taxpayers for various reasons. There are many different types of notices issued by the IRS — depending on the notice you receive, you may have a range of options for responding.

    IRS...
  • January 20, 2015

    A tax credit is a dollar-for-dollar reduction in the amount of tax that you owe. For example, a $500 tax credit will save you $500 in taxes.

    On the other hand, a tax deduction merely reduces your...

  • January 19, 2015

    The table below shows the 2015 deadlines for filing 2014 tax returns, as well as deadlines for tax extensions. One important thing to note is that you can file your taxes anytime after the start of the...

  • January 16, 2015

    Probably the most common question asked during tax season is ‘When will I get my tax refund?’ Now that you’ve filed your taxes, know that more than 9 out of 10 refunds are issued in less than 21 days.

    ...

  • January 15, 2015

    IRS Newswire just released this information about the upcoming tax season:

    “The Internal Revenue Service announced the on-time opening of the nation’s 2015 filing season and highlighted a growing array of online services, including...

  • January 14, 2015

    You have two options for filing your Federal income tax return (IRS Form 1040). You can file a paper return or you can file electronically (a.k.a. “e-file”).

    ...

  • January 13, 2015

    For the majority of Americans, the most commonly used document for filing a tax return is IRS Tax Form 1040. This form is due by April 15 each year.

    While there are many...