Earned Income Tax Credit

It’s Income Tax Time - a Good Time to Take a Look at Money

Income Tax time can be a rather hectic and stressful time, as you have to make sure you have all your receipts and money matters in order. Maybe that is a good thing, as it forces you to focus on what you did the previous year and it trains you to be better with your money and know where you can save in taxes next year by modifying your behavior.

The IRS and the Truth About Your 401k Concerns

Whatever you do with your 401k or other retirement investment the IRS wants a piece of it. Find out how much you have to turn over to them and how to avoid getting into tax debt.

Non Taxable Income - A Short List to Ease Your Tax Filing Worries

Normally any money you receive during the year has to be reported on your income tax filings. This includes paychecks, interest on accounts, and any kind of withdrawal from accounts such as 401k or pension. However there is a fairly significant list of income sources that do not have to be reported as income on your tax return, and therefore are considered non taxable.

File Those IRS Back Taxes and Get Out Your Amended Tax Return

Have you filed your taxes this year? How about last year or the year before, did you file those? If you answered “no” to those questions then you have a problem with the IRS.

Small Business Tax Filing - Forms You Need to Avoid an IRS Tax Debt

Are you ready to take care of your taxes for your small business? Make sure you have all the right forms to send in or you could be the victim of an IRS audit or worse, and IRS debt! Here are some of the forms you should have to keep track of your taxes and make sure you file your return correctly.

When Will Your Tax Freedom Day(s) Be This Year?

Based on 365 working days per year, Tax Freedom Day in 2007 was April 30th. This means that in 2007; Americans worked 43 DAYS for individual income taxes, 30 DAYS for social insurance taxes, 16 DAYS for sales and excise taxes, 12 DAYS for property taxes, 14 DAYS for corporate income taxes, 4 DAYS for other taxes, and 1 DAY for estate and gift taxes for a total of 120 DAYS. (That’s 1/3 of a year!)

Economic Stimulus Act Rebate Checks

Do you know what to do to get the Rebate check the government is talking about? Read this article to make sure you understand how it will impact you.

Government Tax Rebate Check - Do You Know What You’re Going to do with Yours?

The government is hoping to “jump start” the economy by providing consumers with a tax rebate check. The checks should provide $600 per single filer and $1200 for married filers, with an extra $300 per child. And the cost to make sure we all get $600 is… $150 billion.