Federal Tax Returns

The Latest

  • July 2, 2015

    A tax lien is a claim against property that the government uses to protect its interests in tax debt. The IRS will place a lien against your property only after it has sent you a bill and you have not paid it. Being hit with a tax lien is a...

  • July 1, 2015

    If you receive tips as part of your job, it’s important to realize that all tips are considered income and are subject to Federal income tax.

    The...

  • June 30, 2015

    This article gives you the tax rates and related numbers that you will need to prepare your 2015 income tax return. In general, 2015 individual tax returns are due by April 15, 2016.

    If you are looking for 2014 tax rates, you can find them...

  • June 29, 2015

    A wedding is a joyous occasion – but with marriage comes a host of new tax considerations.

    Whether you are soon-to-be-married or newly married, you should take the time to review your tax situation as a couple. There are a number of steps...

  • June 26, 2015

    An Employer Identification Number (EIN) is a 9-digit number issued by the IRS for the purposes of identifying a particular business’ tax account. The EIN format is XX-XXXXXXX.

    EINs are used by employers, sole proprietors, corporations,...

  • June 25, 2015

    A change in life circumstances, whether good or bad, can affect your tax return.

    Here are some instances where you will need to reevaluate your tax situation:

    Job Changes

    If you lose your job, you should be aware that unemployment...

  • June 24, 2015

    Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.

    ...

  • June 23, 2015

    Many people believe that once they retire, they will pay less in taxes due to a lower income. While that may be true for some people, it is not always the case.

    Depending on what income you have coming in (e.g., from Social Security,...

  • June 19, 2015

    There are many reasons why you may need to obtain a copy of a past tax return. Perhaps you simply lost your copy or there is a pressing...

  • June 17, 2015

    Your tax refund is missing. What do you do?

    First, check the IRS’ “Where's My Refund” online tool to make sure that your tax refund has been issued. You can start checking the status...