Federal Income Taxes
The IRS tax tables for 2012, for use in filing 2012 taxes by April 2013, will be published in the fall of 2012. However, the estimated tax withholding tables give an accurate assessment of how the 2012 tax tables from the IRS will look. Note that these 2012 tax bracket tables are no to be [...]
Taxes for 2011 are almost due. As always, the IRS tax filing deadline for 2012 is April 15th, only it isn’t. April 15th is a Sunday and taxes are not due on weekends, especially Sundays. You don’t expect government bureaucrats to work on the weekend, do you? Not to mention, you can’t get a postmark [...]
Doing income taxes can be a trying time for many taxpayers. There are numerous forms to fill out, cumbersome calculations to perform, not to mention, the rules change every year. When you finally finish, you might end up owing a lot of taxes to the government. The IRS isn’t know for being forgiving, but that [...]
The following is a guest post from Michael at Credit Card Forum. Yep, it’s that dreaded time of year again… tax time! And if you’re a small business owner, the process of doing taxes is especially arduous. Not only do you have to categorize all the business-related expenses from last year, but you also have [...]
Continue reading about What Does The IRS Say About Deducting Business Related Interest?
Shortly after publishing my post about your odds of being audited by the IRS, a reader sent me a message with a link to a CBS News article suggesting that your chances of being audited were actually much higher than previously thought. That is what the bold type headline screams, at least. In reality, if [...]
Today is April 15th; taxes are due today. Wait! Actually, tax day 2011 is actually on April 18th thanks to a Washington D.C. holiday being observed on April 15th. That means all you slacker, procrastinators, and just plain still working on them taxpayers out there get a whole other weekend to work on your income [...]
Continue reading about Taxes Not Due Today – April 18 not 15
Small business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. This is especially true for work from home entrepreneurs who file as sole proprietors, or as a Limited Liability Company aka LLC, with sole proprietor tax status. Small business owners can get hit with high [...]
Continue reading about 2011 Section 179 Deduction Limits for Small Businesses Taxes
Sometimes it seems cold and heartless to think about money and tax deductions. With hundreds of thousands dead and untold masses homeless, not to mention a country destroyed, this can seem like one of those times. On the other hand, when people choose to open their hearts and give money to help those in need, [...]
Continue reading about Haiti Cash Donations Still Deductible Until March 1, 2010 (Today)
Property taxes can be an important tax deduction for many home owners. Real estate taxes, in particular, can be a significant tax deduction.
Today is April 15. For those of you from non-US countries, that probably doesn’t mean much. To us Americans, today is Tax Day, the deadline to file my tax returns. If you’re working at the last minute then you might be looking for last minute tax tips. Of course, what many people really want to [...]
Continue reading about What Happens If You Don't File Your Taxes On Time
