John Oliver on the IRS
In the video below, comedian John Oliver takes on the IRS, but the result isn't what you might think.
Question: What's worse than a government body whose job...
IRS
How to File Taxes Online
Filing taxes online can help taxpayers file taxes faster and without worrying about something getting lost in the mail. If you make under $60,000 you can file t...
What Should I Do If I Can’t Pay My Taxes?
What should I do if I can't pay my taxes?
People who have worked as freelancers on the side, started a new business or gotten estimated payments wrong on the...
4 Huge Reasons to File for a 2015 Tax Extension
When and why should you file for an extension on your tax return? Our article below gives four reasons, plus extension pitfalls, instructions for how to file fo...
What Are 2014 and 2015 Coverdell ESA Contribution Limits?
Coverdell ESA contribution limits are set at $2,000 per beneficiary per year. Coverdell ESA plans are like IRAs for education, following most of the same rules ...
What Are 2014 and 2015 HSA Contribution Limits?
HSA contribution limits for 2015 are $3,350 for individuals and $6,650 for families. Those age 55 and older can contribute an additional $1,000 per year. HSA co...
Traditional 401k Contribution Limits for 2014 and 2015
Traditional 401k contribution limits for employees in 2015 are $18,000 for those under age 50 and $24,000 for everyone else. There are separate limits for 2014 ...
What Are 2014 and 2015 Roth IRA Contribution Limits?
Roth IRA contribution limits depend on each taxpayer's Adjusted Gross Income (AGI) and filing status. We simplify Roth IRA contribution limits below.
Tradit...
When Should I Hire an Accountant?
A taxpayer should hire an accountant when doing so will save more money than the accountant costs. Accountants are usually worth the price when someone's tax bi...
The 5 Most Hated Taxes and How to Avoid Them
The most hated tax in the United States? Property tax, followed by federal income tax, state sales tax, social security tax and state income tax. Federal income...
How to Avoid an Audit on Home Office Tax Deductions
While the home office deduction is not the instant audit red flag it used to be, the rules surrounding it are strict. In this article, we show how to meet the t...
6 Important Reasons to File Your Taxes Early
There are lots of reasons to file your taxes early. For one, tax return theft is skyrocketing, and filing early prevents it. Refunds arrive faster, and even whe...
What is the Alternative Minimum Tax?
The Alternative Minimum Tax is a separate income tax schedule some U.S. citizens have to pay instead of using the “old fashioned” IRS tax rules. It generally hi...
How to File Your Taxes Free Online
Filing taxes free online is easier than ever thanks to free tax software and free online tax forms from the IRS. Restrictions on each free tax filing option cre...
Tax Return Theft Skyrocketing: Don’t Be a Victim
Criminals are filing more fraudulent tax returns each year, using others' social security numbers to trick the U.S. government into issuing refunds they don't d...
How Filing Paper Tax Returns Can Get You Audited
According to the IRS, most tax mistakes come from taxpayers filing paper tax returns. As a result, paper returns cause the lion’s share of IRS audits. Doing tax...
How Not To Lose Money on Tax Return Amazon Gift Cards
TurboTax customers lured by the promise of a 5% bonus for taking their tax return refunds on Amazon gift cards may want to think again. The deal can actually lo...
4 Ways To Get Your Tax Refund Sooner
Expecting a refund when you file your taxes this year? If you’re like 75% of Americans, you are. According to the IRS, the average tax return last year was $3,0...
Save Money with IRS Mileage Rates
One of the most overlooked deductions for taxpayers is the mileage they put on their vehicles. Taxpayers often assume they must have a business to claim mileage...
The Government Shutdown May Delay Your Tax Return
If you recall, last year the infamous D.C. beltway traffic was far less congested as Congressional leaders were at a standstill for 16 days, shutting down of th...