An important part of retirement planning is estimating your future tax rate. Most financial planners assume tax rates will go …
taxes
The Crazy Way We Think About Taxes
Taxpayers like to say one thing and do another. They also have some interesting requests as the filing deadline hits. Here’s how crazy we are.
What Happens If You Don’t Pay Your Taxes?
“Ignore them and they’ll go away” is great advice for some of life’s annoyances. Unfortunately, it doesn’t apply to taxes. While the IRS has taken great pains to rehab its scary image (and is actually pretty decent to deal with), it still can and will go after people who blow off their taxes and deliver some pretty expensive consequences.
Here’s How Your Identity Will Be Stolen: The Top 10 Scams
For the past 12 years, the top category of consumer complaints fielded by the Federal Trade Commission has been identity theft. In 2011, this category made up 15% of all complaints. Crooks have many ways of stealing your personal …
7 Tax Breaks You Probably Overlooked
Most people know that they get tax breaks on their kids and on the mortgage interest they pay on their homes, but experts say many taxpayers leave a slew of other deductions and credits on the table that could potentially save …
Your Burning Tax Season FAQs, Answered
Tax preparers toil in obscurity for most of the year, trying to keep track of the ever-changing kaleidoscope that is our federal tax code. But when crunch time comes for taxpayers to get their returns filed to the Internal …
Tax Tips: 7 Red Flags That Can Get You Audited
While just the prospect of an audit is enough to strike fear in taxpayers’ hearts, the truth is that less than 2% of taxpayers get audited a year. The IRS is tight-lipped about exactly what gets your tax return selected for extra …
How to Cut Your IRS Debt
If you’re having trouble paying your taxes or want to fight late fees, these tips can help you negotiate with the IRS.
Solutions to 9 Puzzling Financial Frustrations
Why You Might Owe Taxes On Canceled Credit Card Debt
If you had credit card debt canceled or forgiven in the last several years, don’t be surprised if the IRS comes knocking.
IRS Experiencing Problems With ‘Where’s My Refund’ Tool
If you already filed your taxes with the Internal Revenue Service and tried using its handy “Where’s My Refund?” tool, you may have found that the IRS doesn’t seem to know where your refund is, either.
Buffett Rule Shares Flaw with Tax it Would Replace
Say goodbye to the much-loathed Alternative Minimum Tax and hello to the Buffett Rule. Sweet relief. The AMT has perplexed taxpayers and agonized accountants for decades. But wait: Are the AMT and the Buffett Rule really so different?
