By now you probably have your taxes done and you’ve tackled that annual duty with diligence and you’re glad you don’t have to think about them for another year. While getting your taxes done does provide a sense of accomplishment...
With a weak economy, this filing season has seen an astonishing increase in the amount of people cutting corners, attempting to collect the largest refund possible. In a recent article, CNN stated, “The IRS identified 335,341 tax returns claiming $1.9 billion in fraudulent refunds as of March 4, 2011, according to the findings of an audit conducted by the Treasury Inspector General for Tax Administration.
Tax complaints are never higher than during the month of April. But while there are many valid reasons to dislike owing Uncle Sam cash, it truly could be worse. There are options if you owe on your Federal taxes.
It’s crunch time for your taxes if you haven’t filed already. While you still have until April 18th to get it done, you’ll want to take care of it sooner than later. What do you need to be prepared for your taxes this year? What forms are some big ones to look out for? I’ll share the typical tax forms that you can expect to see this year.
Did you get too big of a tax refund this year (yes, it’s possible to get too much back)? Or, did you end up owing too much money when you filed? That’s never fun. Learn more about how to adjust your W-4 tax withholding using TurboTax.
With state and federal taxes, Americans are now being taxed an average of 16.26% for the use of their phones. Depending on the state that number can shoot as high as 23.69%. Each month, the talking tax is silently imposed on America’s wireless customers, and unless legislative action is taken the rates could rise even higher.
So you’ve sat down and filled out your tax return this year, but now you’ve got another problem. You owe Uncle Sam more money. Ouch. It’s obviously better to get a refund or pretty much break even, but there are times when things change and you use TurboTax to figure out what you owe, you need to come up with some extra cash. Here’s what you need to know.
It’s a critical year for Congress and the President to reach agreement about tax reform and the Federal budget. Not only can new legislation affect where tax revenue is spent, it can also change where it is derived from. Congress and the President play a dual role in making this happen.
You filed your taxes and discovered that a big refund is headed your way. That’s great! Now you’re wondering when it will arrive. The sooner it gets here, the sooner you’ll be able to spend it, save it, or whatever it is you want to do with it. So how do you find out when your tax refund is expected to arrive?