Most recent by JoeTaxpayer

Options for Taxpayers Who Can’t Pay Their Tax Liability

Options for Taxpayers Who Can’t Pay Their Tax Liability

Can’t pay your outstanding tax bill? First, be sure you still file your tax return. The failure to file penalty can be as high as 25% of the tax you owe, so it’s important that you get your tax return filed and not let your liability snowball. If you filed and owe the IRS, you should know about the IRS Fresh Start Program. Here are three of its features that offer a bit of relief for those struggling to pay their back taxes.
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Spring Cleaning and Charitable Giving to Help at Tax-Time

Spring Cleaning and Charitable Giving to Help at Tax-Time

It’s spring and that means it’s a great time to clean out the basement, attic, closets, and garage and save some money on your 2013 tax return at the same time. There are many charitable organizations that you can donate items to help those in need and take a deduction on your tax return if you itemize. If you did spring cleaning in 2012 you can also take advantage of this tax benefit and save on your 2012 taxes. Let’s look at the types of items you might like to donate.

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