May 7, 2015
If you miss the new FBAR June 30th filing deadline it can cost you thousands of dollars. 4 out of 10 Americans have a foreign asset in a bank account, brokerage account, mutual fund, trust or other type of financial account or have ownership interests in or signature authority…
Here is a summary of information about how penalties and interest may pile up for filing taxes late and for not paying all you owe on time.
April 16, 2015
If you were not able to file a tax return or an extension by the April 15th deadline, but should have, you need to take action now to avoid compiling penalties and interest. Here are some tips for taxpayers who missed the tax filing deadline:
April 15, 2015
There are a number of ways to pay taxes you may owe. The important thing is to file on time and pay as much as you can of what is due as soon as you can.
April 11, 2015
Itemizing deductions on a tax return may help decrease the amount of tax you owe depending upon a taxpayer’s income, age, filing status and more.
April 9, 2015
Millions of American workers may qualify for the Earned Income Tax Credit (EITC) for the first time this year, though many are unaware that this credit exists.
April 3, 2015
File by the April 15th deadline even if you can’t pay the taxes that are owed. This helps you avoid late filing penalties.
Many married couples don’t realize that each taxpayer is equally responsible under penalties of perjury for filing correct information and paying the tax. This is true even after a divorce.
March 30, 2015
Taxpayers who are salaried company employees frequently overlook tax deductions for their out-of-pocket work-related expenses.
March 28, 2015
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