Whenever possible it is recommended that you file and pay your taxes by the deadline. However, if you are unable to meet the deadline, there are some things to do and today we are sharing what they are. Request a Deadline Extension As soon as you know, you are going to miss the tax deadline file
Identity Theft and Other Tax Scams to Watch Out For
Tax scams are on the rise. Therefore, it is important that you watch out for identity theft and other tax scams. Today, we are discussing some of the most common tax scams to watch out for. Phone Scams People will call you and pretend to be the IRS. This has been increasing over the years, and they
4 Tax Deductions That Can Save You Big Bucks
Everyone knows that there are tax deductions that can help him or her save money yet everyone does not utilize them. Today, we are discussing four tax deductions that can save you big bucks this tax season. State and Local Sales Tax If you live in a state with no income tax, you should take
What to Do About Missing W-2s
If you are an employee, before you are able to file your taxes you have to have your W-2. The IRS requires employers to send out this form by January 31. However, what do you do if your W-2 never arrives? Today, we will be discussing the solution. Contact Payroll If your W-2 has not arrived and
How Much the Average American Pays in Income Taxes
When filing your taxes you are probably shocked at how much you pay in income taxes. However, have you ever wondered what the average American is paying? Today, we have performed some research to see how the numbers add up around the nation. The IRS is Collecting More The economy is now recovering,
Unbelievable Tax Deductions
When it comes to taxes, we all know that there are numerous deductions and credits available. However, what you may not know is the number of unbelievable tax deductions there are. Today, we are covering the most unbelievable tax deductions. Gastric Bands Many Americans may feel as though Gastric
Nannies and Taxes – What You Need to Know
Nannies can become confused when it is time for them to file their taxes. Therefore, today we are discussing what nannies need to know about taxes. You Are Responsible for Reporting Your Earnings In the event that you do not receive a W2 from your employer, you are still responsible for reporting
The Most Overlooked Tax Credits
Tax credits are very beneficial to taxpayers because they can help you cover family expenses. Today, we are discussing the most overlooked tax credits. Educators' Credits There are a few educators’ credits available to help parents and students pay for post-secondary education. We all know that