Tag: IRS
How to Survive an IRS Audit
You’ve filled out your tax forms, filed them on time, and now you’re waiting for the dreaded letter from the IRS. An audit can be intimidating to anyone; after all, it means the IRS is taking a close look at your finances. But don’t panic—an audit does not necessarily mean you’ve done something wrong or […]
Don’t Let Tax Issues Ruin Your Finances
As a law-abiding citizen, you might file your tax return each year by April 15. And since you know it’s your responsibility to pay taxes, you might send the IRS a check for any taxes owed. But unfortunately, even if you do everything right, mistakes on your return can result in owing additional taxes. Unless […]
Federal Energy Tax Credits to Save on Window Home Improvements
Most people want to buy new windows or shades at some point. They may cost more than you would expect and many people don’t feel comfortable paying for them. Fortunately, you may be able to take advantage of some federal energy tax credits. Requirements for the Federal Energy Tax Credit The Federal Energy tax credit […]
Five Ways You Can Save Money When Filing Your Taxes
A taxpayer should try to find multiple ways to lower his or her tax burden so that he or she can enjoy a better return. Now, most people use the basics and get to deduct a few small expenses. However, to get a decent return and not overpay on taxes, one should follow these five […]
Don’t Make These Five Tax Mistakes
When filing taxes, many make minor errors. When avoiding these top five tax mistakes, one should have no trouble filing a return and avoiding any delays. Math calculations In the computer age, some people still like to file their taxes with a pen and piece of paper. While it is possible to do so without […]
Smart Ways to Use a Tax Return
Completing a tax return has to be one of the most dreaded tasks; the never ending forms, the gobbledygook instructions and the hours of poring through figures in a desperate attempt to get everything to add up. However, one of the more pleasant things associated with completing a tax return is the knowledge that you […]
Tax 101: How to Determine if You Have Unclaimed Tax Refunds
When it comes to filing your tax, you want to make sure that you have everything right. You can get into serious trouble if you end up making certain mistakes, and therefore it is a good idea to check over it multiple times. Some people will probably give them a day or two to look […]
5 Reasons for Expats Giving Up Their American Citizenship
You must have heard the latest buzz about expatriates giving up their US citizenship. The new rule under the Foreign Account Tax Compliance Act states that all financial institutions abroad will have to report if they have an American co-signer. This law is creating a lot of problems and majority of the Americans are of […]
Managing Your Business From Home
Many older entrepreneurs are choosing to put their expertise and knowledge into practice and are starting businesses from home once they have hit their fifties. All too often they have been on the receiving end of commercial incompetence throughout their lives, and know that they can do a better job if they go it alone. […]
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