Earned Income Tax Credit

Evaluating a Roth account

Whether or not to make further investments into a traditional tax-advantaged employer plan and IRA personal accounts versus investing in “Roth” IRA and tax-advantaged employer plan personal accounts is sometimes a confusing decision.
The decision on the trade offs is one of the most complex choices of a lifecycle financial freedom plan. A lot of personal [...]

Give to Relief in Haiti - Get Immediate Tax Deduction on 2009 Tax Return

Raleigh NC Accountant
A few days ago in a email news post I made the distinction that the Haiti disaster is now a qualified disaster says the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
I said in the email that the IRS was rumoring that people are able to make a deduction for contributions to Haiti on the current year’s (2009) tax [...]

The Most Popular Free Tax Help

Free is a word that most people like to hear. This is especially true if you are hearing it in conjunction with taxes. Free Tax Help is a plus for people because there is a 50 percentile chance that when all is said and done.
Finding information in this era is really as [...]

Save Taxes by Claiming a Home Office Deduction

According to the IRS, the majority of American taxpayers working from home do not claim a home office deduction even though they’re entitled to it. This is because they are unfamiliar with the rules governing the deduction and they are wary of its record-keeping requirements. They are also afraid of being audited by the IRS, which commonly scrutinizes taxpayers claiming the deduction in order to deter underreporting of income by small businesses. However, as long as you are following the rules, your home office deduction should not give you any reason for concern of an IRS audit.

Income Tax Refunds - Are You Overpaying Uncle Sam?

Every year most people look forward to receiving a tax refund. In fact, some of us have already made plans on how the money is going to be spent well in advance before even receiving the refund. Some of us even brag about how large our tax refund will be as if receiving a big refund means you’re considered smart and savvy.

Why pay when you can e-file for nothing?

1. Turbo Tax Free Edition
You probably already know that if you make a lot of money or have complicated taxes you won’t be able to file your taxes for free. Usually, for people with high incomes or a lot of assets, it makes sense, and it’s worth it, to pay someone to do your taxes. [...]

Stimulus Tax Break Savings - What Do They Mean

A stimulus package that was worth 787 billion dollars was passed by Congress on February 13, 2009. The package included tax breaks for couples, singles and new home owners.

IRS Refund - Get Income Tax Refund Online Quickly and Safely!

IRS refund is given out when the amount of taxes paid is more than the tax liability. The best thing is that you should file your taxes considering proper tax credits and deductions so that the issue of paying more than liability does not arise.

IRS Income Tax - Income Tax Online Can Help You Pay Taxes Easily

IRS income tax needs to be paid properly before the deadline to avoid certain penalties and noting easier than paying your income tax online. You can either choose the paper filing method which is the traditional way or you can choose the option of online income tax filing.

Secrets to Abating an IRS Levy

26 U.S.C. § 6330(e) includes a provision that is little acknowledged and underutilized by persons dealing with an Federal tax levy of their bank account or pay. That subsection provides in pertinent part:
“(e)  Suspension of collections and statute of limitations “(1) In general “… if a hearing is requested under subsection (a)(3)(B), the levy actions [...]

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