1. Online Tax Tools for 2015

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    With just a few days left to file taxes the IRS still expect to receive millions of tax returns. Before those returns are filed, many taxpayers will head to the local IRS offices for help. With limited resources and little time left, the IRS anticipates very long lines and wait-time...
  2. How To File a 2015 Tax Extension with TurboTax

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    There are only 3 days left to file taxes and you may have to file for extension to get some more time to organize all the necessary documents. If you’re using TurboTax to file taxes this year, there is an option within the software to help you get it done...
  3. How to Handle Tax Problems – Updated April 2015

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    For the first time this year taxpayers have to share information about their health insurance with the IRS. The taxpayers who do not have health coverage – except for certain situations that can exempt them from health coverage requirement – may face penalties. This additional level of reporting and potential...
  4. Tax Refund Offset from the Treasury Offset Program (TOP)

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    If you didn’t receive the full refund amount you were expecting, one reason for that may be that the missing amount was used to pay some past unsettled debts. The Treasury Offset Program (TOP) is an arm of the government, namely Bureau of Fiscal Service and its Debt Management System,...
  5. Do I Need to File Taxes in 2015 If I Did Not Work or Unemployed?

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    If you did not work in 2014 and have zero earnings you are not required to file a tax return. In fact, you may be exempt from filing a tax return if your income fell below the following limits: These amounts vary depending on your age and filing status and...
  6. What do I need to file taxes?

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    For some people filing taxes is a breeze, and for others quite a torture. All depends on complexity of your income and expenses and how well you are organized when tax time rolls around. The bare minimum required to file taxes: W2 Form – it details how much you earned...
  7. Why do rich pay less in taxes?

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    There has been an ongoing discussion that the rich pay less in taxes, and that they don’t contribute to the economy the same way the rest of hardworking Americans do. What I wanted to know is how is it possible that the rich – you input your own definition of...
  8. What Happens If I Don’t Pay My Taxes?

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    Filing your tax return is a serious responsibility and you should do it regardless of the amount you earned. Unless you are very organized, it is hard to know throughout the year whether you get a refund or have to make a payment. If you realize that you owe money...
  9. What’s new in TurboTax Deluxe for 2015

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    TurboTax Deluxe (which happens to be on sale right now) is the most popular version of Intuit’s tax preparation software. It encompasses tax categories used by most taxpayers and is most appropriate for individuals who receive W2, own real estate and/or freelancers who receive miscellaneous income (1099-MISC) and claim simple...