If you’re one of the individuals who requested an extension to file taxes, there are a little less than 3 weeks to complete the process. I suggest to get started organizing all documents mainly because you will be reporting on earning and expenditures that happened over 10 months ago and...

With the tax deadline looming, here are some last minute things to consider when making your tax payments. Let’s assume for a moment that you owe taxes to the government this year and are pondering your payment options. What are the rules, guidelines, and solutions when it comes to tax...

This is it, there are just few more days to file taxes before the official deadline, and if you still haven’t done it, here are my five cents based on my experience this year: Take your time when preparing your tax returns – even tax software like TurboTax or H&R...

Congratulations to all the new homeowners and with that come some additional tax filing obligations. By now you should have received Form 1098 from your mortgage lender that spells out how much you paid in interest, any mortgage insurance premium, points paid on purchase, and potentially even interest you earned...

A few days ago, the IRS released information about the breach of its security systems in an attempt to file fraudulent tax returns and claim tax refunds. Personal information was previously stolen from other sources and used to obtain e-file PINs, which is used when filing 2015 tax return as...

In a continued effort to adapt its products to diverse needs of business owners, QuickBooks has recently introduced the all new QuickBooks Online Self-Employed made for all of us small business owners. When developing the new line, Intuit specifically had in mind independent contractors, freelancers, and sole proprietors who often use...

With the tax season underway there is a rush of income tax returns in January most of which expect a refund. But where there is haste there are errors. The IRS allows amending return for the last 3 tax years and while there are instances when it makes a lot...

One popular tool to track your refund is Where’s My Refund introduced by the IRS. By providing personal and refund details, the system can tell you when you can expect to receive the money. It updates once every 24 hrs and provides accurate information especially for tax returns filed electronically....

While browsing through H&R Block website to further educate myself on different tax issues I read on tips to get ready and prepare for tax season. Here are two of them I found that could aid in feeling good about the whole process. Make sure you have everything necessary to...

The short answer is yes, and given recent trends in spending on education, it’s important not to forget about this deduction. Average amount of student loan debt has been climbing for years now. Wall Street Journal reported that over 70% of the recent grads left schools with debt, which averaged...