Tax return 2020: how to spend your refund. This is how you should spend your income tax refund to prepare for a recession. The IRS officially opened the 2020 income tax season last Monday, January 27th, when it began accepting individual tax returns. The majority of Americans are expecting an income tax refund, but just [...]
Filing income taxes when you move out of state can quickly become complicated. Consider all of these factors before you file. Q: We sold our house in Connecticut and moved to Virginia. Do we have to file income taxes in both states? Our house was sold in end of July of last year and we [...]
If you've waited to the last minute to file your taxes, you probably need a few tax hacks to both reduce the amount of tax you owe and make sure that you don't run afoul of the IRS. Here's my list of favorite things you can do before your taxes are due: 1. April 18, [...]
4 common errors to avoid when filing your taxes. How to avoid errors that could delay your tax refund or require a lengthy amendment process. Everyone makes mistakes, but if your mistake happens to come in the middle of filing your taxes, you may find yourself facing a delayed refund (if you’re owed one), or [...]
What to know when filing a tax extension. When you might need to file an extension and how to find the forms you need when filing a tax extension. The deadline to file your taxes is nearly here. Perhaps you are still waiting for the right paperwork in order to file your tax return. Or [...]
If you lose your job, your tax bill probably isn’t going to be the first thing on your mind. But when you file for unemployment, you’ll need to pay attention to your state’s tax laws. I live in California, which doesn’t tax unemployment benefits, so I was surprised to find that the majority of states [...]
Four ways to Live Tax-free. Here are a few strategies for those who want to live a tax-free life without breaking the law. We all know that paying taxes is a necessary part of life. Yet the news is constantly filled with reports of people being caught with offshore, untaxed funds in an effort to [...]
This article was written by guest blogger Eva Rosenberg. Whether you understand enough about tax law to prepare your own tax return or you called in a pro to file your taxes, you probably believe your tax return was correct. But what if your refund is much less than you expected it to be? Why [...]
This article was written by guest blogger Miranda Marquit. Are you a participant in the last-minute dash to the post office every Tax Day? Does the sprint to get your tax return post-marked by midnight stress you out each year? If so, break the cycle. Jumpstart the tax filing process and avoid the long lines. [...]
After 20 years of working with the same clients, it still astonishes me that every year the very same people forget to bring the very same documents to me when they are filing taxes. One of the nice things about working with a tax pro is the organization that he or she can offer you. [...]
