Tax Tips

Can’t Pay Taxes On Time? Here Are Five Tips
 

Can’t Pay Taxes On Time? Here Are Five Tips

Posted: March 25, 2016
The IRS urges you to file on time even if you can’t pay what you owe. This saves you from potentially paying a penalty for a late filed return. Here is what to do if you can’t pay all your taxes by the due date.



Top 10 Tax Tips About Debt Cancellation
 

Top 10 Tax Tips About Debt Cancellation

Posted: March 1, 2016
If your lender cancels part or all of your debt, it is usually considered income and you normally must pay tax on that amount. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt cancelled in 2015.

How to Pick a Tax Preparer Who Won
 

How to Pick a Tax Preparer Who Won't Cost You

Posted: February 1, 2016
Preparing your taxes can be a challenge or a chore, so unless you have a go-to accountant or tax preparer already, you'll need to find an expert to help you get your tax return in order.

What You Need to Know about Estimated Taxes
 

What You Need to Know about Estimated Taxes

Posted: February 1, 2016
If you’re among the nearly 15 million self-employed people in the United States, you will likely have to submit your own estimated tax payments throughout the year. Here's an explanation of how estimated payments work and some tax planning advice.