Property Taxes and You

Property Taxes and You

Our property taxes for our town home are due by the end of December every year. We get a letter from our county and municipality during the summer to let us know what our tax obligation is. By having a portion of our mortgage payments allocated for the bill, we’re able to have it taken care of painlessly. Full story

Tax Audits Explained (Not As Scary As You Think)

Tax Audits Explained (Not As Scary As You Think)

In movies, tax audits are always scary. Big, burly, intimidating men in dark suits and glasses. Over-sized clipboards. The sound of pens furiously scratching paper. Handcuffs. You know the deal. But are tax audit visits really that frightening in real life? Not so. In fact, only 1% of all taxpayers even experience an audit. Of those, about 20% ever result in a face-to-face encounter with the IRS. Most inquires, fortunately, are resolved through correspondence. Take a look below at our guide to tax audits. Full story

How Can You Get a Copy of Your Tax Return? What is the Difference Between a Tax Return Transcript and a Copy of Your Transcript?

How Can You Get a Copy of Your Tax Return? What is the Difference Between a Tax Return Transcript and a Copy of Your Transcript?

Say you suddenly find yourself in need of one of your old tax returns. Such a circumstance might come about when applying for a loan, be it a home mortgage, refinancing, or for college funding. If you’re unable to find your return among the piles of old photo albums and dated baseball cards in your closet, the IRS can help. Here’s how. Full story

How is Your Vice Taxed?

How is Your Vice Taxed?

What do some of the most popular vices cost consumers in taxes? What are some vices that you have and would like to see visualized? For example, would you be interested in sleep, coffee, reading, running…or taxes related to hobbies? Here we take a look at three Sin Taxes that generate billions of dollars from taxes every year and the rates consumers are paying. How does your state compare? What are sales taxes? Full story