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What to Do When You Can't Pay Your Taxes

Lacking the cash to pay your taxes is not a place you want to be in. Don't your head in the sand it's the worst thing you can do. You may be surp[...] read more »
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What to Do When You Owe IRS Back Taxes

UH-OH! You owe Uncle Sam some coin, now what?! read more »
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Claiming Student Grants

What you need to know about claiming student grants on your taxes like Pell Grants, work-studies, scholarships, fellowships, loans and even the loan [...] read more »
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Will Your Tax Return Be Flagged for an Audit?

There is no way to avoid a random tax audit. However, some audits are the result of tax returns that have raised red flags. If you want to avoid draw[...] read more »
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How to Adjust Tax Withholdings

Adjusting Tax Withholdings is a simple way to reduce the amount of tax refund you receive as well as putting more money in your pocket every payday. read more »
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Organize Your Files for Tax Time

Tips to get organized to file your taxes. read more »
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First-Time Homebuyer Credit must be filed on Paper (Form 5405)

Use IRS form 5405 instructions to determine your eligibility for the homebuyer tax credit and be aware that if filing form 5405, you cannot eFile you[...] read more »
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IRS Notice - What to do if You Receive One

IRS tax notices typically begin in June, 2 months after tax returns were due. If you receive an IRS notice know what to expect and what to do. read more »
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Tax Carnival #95: Tax Filing Season 2012 - Don't Mess With Taxes

For filers who do their taxes the old fashioned way, the tax filing season began a couple of weeks ago -- as long as they had all the necessary 2011 [...] read more »
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Outcome Of Hiring An Accountant To Do Our Taxes Vs Using Turbo Tax Or Tax Cut

This is the outcome of my experiment on whether hiring an accountant is better than using Turbo Tax or Tax Cut read more »
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Don't Fall Afoul of the IRS Wash Sale Rule

In order to ensure that you aren't basically purchasing stock to replace an identical stock or other investment that you sold, the IRS has institute[...] read more »
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Is Your Business Just A Hobby In The Eyes Of The IRS?

Read this if you are taking business losses on your tax return. read more »
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How to Request an IRS Filing Extension

April 15th is only a couple weeks away! If you haven’t filed yet and don’t think you’ll make the April 15th deadline, all you need to do to procrasti[...] read more »
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2008 Federal Income Tax Brackets: Official IRS Figures

Here are the Projected 2009 Federal Income Tax Brackets, projected in the same way and by the same people as did the last projection. read more »
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How the IRS Views Earned and Passive Income

For the most part, when we think of income, it falls into one of two categories: earned and passive. Understanding the differences between earned inc[...] read more »
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