Majority of taxpayers prefer to file their taxes electronically. However, there are still about 20% of taxpayers who prefer to stick to the old way and paper file their returns. E filing was introduced for a reason. Today, this article is going to discuss why taxpayers should be e filing and not
Are Credit Card Rewards Considered Taxable Income?
If you have a rewards credit card, you are probably thinking that you are receiving free money. However, this is not always the case. The IRS considered credit card rewards to be either an award or a rebate, which is how they determine whether they will be considered as taxable income.Credit Card
5 States with No Sales Tax
If you are planning to move to another state and you are sick of having to deal with high sales tax, it is ideal to move to a state that does not have any. Therefore, today this article will discuss states that do not have sales tax.AlaskaAlaska does not have sales taxes; however, they do have
How Bankruptcy Affects You During Tax Season
If you have filed bankruptcy, you know that it is a tough decision, and it can be complex. However, what many people do not think about before filing bankruptcy is how it is going to affect them during tax season. Therefore, today we are covering the subject.Bankruptcy and TaxesUsually, when
Things You Need to Know About Filing Taxes in 2014
The 2014 tax season is going to be here before you know it. Therefore, today we are discussing essential things that you need to know about filing taxes in 2014.There are Different Ways to FileThanks to all of the technology advances, you no longer have to write out all of your tax information
3 Awesome Ways to Spend Your Tax Refund
When tax season comes around, taxpayers look forward to receiving their tax refunds so they can blow through the money as quickly as possible. However, this year when you receive your tax refunds consider doing something awesome. Today, we are discussing three awesome ways to spend your tax
Form 1040X Explained
Form 1040X is the tax form that taxpayers have to use when they have made a mistake on their taxes. This form allows you to make corrections to your previous tax returns. It can be used to correct an error or include information that you forgot to include when you originally filed. However, the form
Options for Those Who Do Not Have Money to Pay Their Taxes
If you cannot afford to pay your taxes, one of the worst things that you could do is just not file your taxes at all. When it comes to paying your taxes, the IRS is willing to work with you, especially if you have filed your taxes on time. Therefore, today we are exploring some of the options people