Start Planning Now for Next Year’s Tax Return

The tax deadline may have just passed but planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time, money and headaches in 2013. Here are eight things you can do now to make next April 15 easier. 1. Adjust your withholding Why wait another year […]

Estimated taxes

Managing Your Tax Records After You Have Filed

Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. Here are five tips from the IRS about keeping good records. 1. Normally, tax records should be kept for  a minimum of three years but […]

Tax day freebies 2012

The last day to file your tax return timely has grown into more and more of a spectacle each year.  This year is no exception. The annual ritual of going down to the post office at midnight has succumbed to the age of the internet as most people now file electronically.  However, the marketeers picked […]

E-Pay Options Available to People Facing April 17 Deadline; Penalty Relief for Unemployed Taxpayers; Expanded Payment Plans for Those Who Can’t Pay

WASHINGTON — The Internal Revenue Service today reminded taxpayers that 2011 federal income tax returns, extension requests and tax payments are due by April 17, 2012. For people unable to pay their taxes in full by that date, payment agreements and other relief are usually available and can even be requested online. Taxpayers will avoid […]

Need Extra Time to Complete Your Tax Return? File for an Extension

Even though the tax filing deadline is later than usual this year – April 17 – many taxpayers may still need more time to file their tax return. If you need extra time, you can get an automatic six-month extension of time to file from the IRS. Here are seven important things you need to […]

Ten Last-Minute Tips for Individuals Still Working on Their Tax Returns

The tax filing deadline is just around the corner. The IRS has 10 tips to help taxpayers still working on their tax returns: 1. File electronically Most taxpayers file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the […]

Three Ways to Pay Your Federal Income Tax

If you cannot pay the full amount of taxes you owe, don’t panic. You should still file your return and pay as much as you can by the April 17 deadline to avoid penalties and interest. You should also contact the IRS to ask about payment options. Here are three alternative payment options you may […]

Everything You Need to Know About Making Federal Tax Payments

If you need to make a payment with your tax return this year, the IRS wants you to know about its payment options. Here are 10 important facts to help you make your tax payment correctly. 1. Never send cash! 2. If you file electronically, you can file and pay in a single step by […]

Six Tips for People Who Pay Estimated Taxes

You may need to pay estimated taxes to the IRS during the year if you have income that is not subject to withholding. This depends on what you do for a living and the types of income you receive. These six tips from the IRS explain estimated taxes and how to pay them. 1. If […]