Federal Tax Returns
February 9, 2016
The e-file process allows taxpayers to submit their taxes electronically by connecting to the Internal Revenue Service’s (IRS) Electronic Filing System. E-filing can be done from a computer (as well as some modern smartphones and tablets) using...
February 3, 2016
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...
February 2, 2016
There are many benefits to filing your taxes online.
Once you are familiar with the advantages of electronic filing, there is a good chance that you...
January 29, 2016
The Earned Income Tax Credit (EITC or EIC), which has been around since 1975, essentially provides a subsidy for low-income working families. To claim this tax credit, you must meet certain eligibility...
January 27, 2016
The 1040 series of federal income tax forms are the starting point for personal federal income tax returns. There are three different versions of these federal income tax forms: the original 1040, the...
December 14, 2015
Mark your calendar! Due to an overlap of tax deadlines and Federal/State holidays, the IRS has announced some new due dates for the upcoming 2016 tax season.
December 8, 2015
If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...
December 4, 2015
This is the IRS general tax calendar, which includes the 2016 due dates that most taxpayers will need to know.
November 30, 2015
Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned...