What Happens If You Don’t File Your Taxes by the IRS Deadline?
If you tend to find it hard to get going unless there's a deadline bearing down on you, the tax filing deadline that the IRS usually announces should light a fire under you to get your forms ready. The tax deadline even applies to back taxes owed. If you need to file for a tax...
What Makes ETFs Tax-Efficient?
Whether you're an investment expert or you're new to the practice of investing, it's important to consider the tax implications of your investments. ETF tax efficiency can be very high, which makes them a fantastic product to include in your portfolio. Are you interested in using...
The Numbers Say You Owe Taxes: What to Do Next
You have worked and sweated over your tax return. Maybe you even swore a time or two as you prepared this all-important document. You have crunched the numbers, and now you get a first look at the results of all your hard work. To your horror, the refund you had anticipated has...
IRS Provides Tax Inflation Adjustments for Tax Year 2023
WASHINGTON — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023...
Mistakes Happen! That’s Why You Need Amended Return Insurance
Scared you’ll overlook a form or miss a deduction? Mistakes happen! Did you forget something? Need to make a change? That’s why Amended Return Insurance is so critical. For just $9.95 we’ll let you correct your tax return if you notice a mistake after you’ve filed. The offer is...
IRS Offers Five Tips on Unemployment Benefits
Unemployment can be stressful enough without having to figure out the tax treatment of the unemployment benefits you receive. The IRS considers unemployment benefits taxable income. Unemployment compensation generally includes, among other forms, state unemployment compensation...
Smart Moves to Make Before the April 18th Tax Deadline
The tax deadline is April 18th which means it’s now crunch time for last-minute filers. Here are some things to keep in mind as you prepare for Tax Day. Claim your tax refund Most people who file a tax return get a refund, so what are you waiting for? E-file now to claim yours. ...
Made a Tax Mistake? Amend Your Return
Did you notice a mistake on your taxes after you filed? Depending on your situation, you may have to amend your return. Don’t worry about math errors, the IRS will automatically correct those kinds of mistakes. Filing an amendment is only necessary if you need to correct your...