Federal Tax Returns
February 12, 2014
There are a number of different education tax benefits that you may be able to claim on your Federal income tax return. This article provides a breakdown of the tax relief that is available for qualified tuition and fees expenses.
January 16, 2014
If you are a United States citizen you will need to file a federal income tax return every year to determine how much you owe in federal income tax. Although many people are intimidated by the thought of filing their tax return, there is no...
September 24, 2013
Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income.
A short sale is a form of debt...
June 19, 2013
If you are counting on your tax refund to help you pay the bills, that probably means you don’t have a lot of extra cash to employ an accountant. Fortunately, there are an...
May 9, 2013
When I get a letter from the IRS — and yes, it’s happened — I get a chill. Am I in trouble? Did I miss a deadline or overlook a tax? I hate to open the envelope.
But you've got to open it and face the question right away. If you throw the...
April 7, 2013
You can file for an extension on any ground you like. All it takes is filling in Form 4868 to extend the deadline to Oct. 15....
March 6, 2013
Most people are getting ready to file their 2012 federal tax returns and anticipate that they will receive a refund. There are many ways to save money in filing your returns and using your tax refund; here are some actions you should take....
February 28, 2013
When you receive a windfall — whether it’s an inheritance from a relative, winnings from the lottery or gambling, or proceeds from a legal settlement — you may be...
February 28, 2013
Even if you take great care in preparing your federal income tax return, you may realize that some of the information you provided is missing...