The IRS Oversight Board Released its 2011 Taxpayer Attitude Survey this year and according to the survey, most taxpayers show strong support for the federal tax code. Check out our infographic to see what the survey reveals about how taxpayers feel about paying taxes.
According to the IRS, 28% of taxpayers wait until the last couple of weeks to file their taxes, but just why do taxpayers wait. Whether you scrambled to the tax (deadline) finish line or filed an extension, here is our infographic showing the who, what, and why of late tax filing.
As the April 17 tax deadline approaches, there are many taxpayers who haven’t filed because they think they may owe money. If you are one of those people, here’s my Number One Tax Tip: file your tax return by the deadline. Here are more tax tips if you can’t pay.
The tax deadline is almost here and with the final tax deadline (April 17th) comes tax procrastination and common misconceptions about filing extensions. The reasons taxpayers file extensions vary, but one common misconception regarding extensions is they are extensions to pay tax liability. If you are planning to file an extension because you owe money (or think you do), think again. Find out more here.
Of those people who are required to file income taxes annually, the possible forms are Form 1040, Form 1040 A, and Form 1040 EZ. While Form 1040 EZ is the simplest and quickest to complete – and you can file this form for Free – it can only be used in very specific circumstances. Find out more.
No matter how early you began to prepare your tax return, there are still last-minute items to consider. Whether you’re fine-tuning your return or you’re just now sitting down to the tax forms (hopefully not), it’s a smart idea to create and review a last minute tax prep checklist. Find out more here.
With the tax deadline less than two weeks away, millions of taxpayers are scrambling to file their taxes by April 17th. Need a reason to stop procrastinating on filing your taxes? Did you know that about ¾ of taxpayers get a tax refund and the average refund is almost $3,000? That’s a lot of money. Find out how you can benefit from filing by April 17th.
Last Friday everyone scrambled to get that last mega millions lottery ticket and anxiously awaited the announcement of the biggest jackpot in U.S. lottery history. But lottery participants aren’t the only ones excited about the lottery frenzy. Some state governments are just as ecstatic since the taxes on one lump-sum payment could mean millions in state revenue. Check out our interactive showing an example of how a much smaller (but I’ll take it) lottery winning would be taxed.
Running and earning income from a blog takes work and keeping documents on the related expenses can help you come tax time. The good news to keeping good records is that you can deduct your qualifying business expenses from blogging. Find out more.