Philadelphia, PA - The city of Philadelphia is offering a tax amnesty for property owners, residents, workers, and businesses who currently owe back taxes. This is the first time the city of Philadelphia has offered a tax amnesty. Right now the city of Philadelphia has about $1 billion in back taxes and tax amnesty programs in ... Read More
Filing Taxes
Ways to Maximize Your Tax Refund in 2011
If preparation of getting your taxes filed, there are some key factors that can ensure that you get a refund. This can really differ depending on whether you are a W-2 employee or self-employed, so take the differences into consideration. If you are a W-2 (non-1099) employee: You will more than likely get a refund at the end of ... Read More
H&R Block At Home vs. TurboTax: Price Comparison
Recently I've written reviews on both TurboTax and H&R Block and have found that both of these tax programs are excellent programs and can help just about anyone file their taxes. Both of these programs easy enough to navigate even for those individuals with very little tax knowledge. Tax software is a great alternative to ... Read More
H&R Block At Home 2010 Review
H&R Block At Home tax software is one of the top tax preparation programs available. H&R Block has been in business since 1955 and has become the largest tax preparation company in the country. One thing they have been lacking until recent years has been a solid tax preparation program that is available to individuals ... Read More
Turbo Tax 2010 Review
Review of 2011 version for 2010 Taxes TurboTax is one of the most well known and most used tax preparation software. TurboTax has been around since the mid 1980s and they continue to improve the product each year that goes by. TurboTax keeps on top of the latest tax changes and tax forms. Each year they will release a new ... Read More
How to File for a 2009 Tax Filing Extension
If you are unable to file your taxes before April 15th, you can request a 2009 Tax Filing Extension. It's important to understand that filing an extension for time to file your taxes is not the same as filing for an extension of time to pay taxes due. If you owe taxes, they are still due by April 15th even if you haven't filed ... Read More
File Late Tax Returns to Take Control of Your Back Taxes
The easiest way to get out of trouble with the IRS over back taxes is to file your tax returns. If you've missed a year or more for filing tax returns, you may be wondering what sort of options are available to you. You can protect yourself with the following steps: Look For and Gather Tax Paperwork Get a copy of the tax ... Read More
Are You Owed a Tax Refund from an Unfiled 2006 Return?
The IRS has announced that there are more than $1.3 billion in unclaimed tax refunds waiting nearly 1.4 million people who didn't file their federal income tax return in 2006. If you did not file a tax return in 2006 (maybe because you were below required income limits) it may be in your best interest to file a 2006 return. If ... Read More
What if the IRS Filed My Tax Return for Me?
The IRS can legally file a tax return on your behalf which is called a Substitute for Return (SFR). If this happens, you most likely will not be getting the benefit of the doubt on anything. The IRS will likely only estimate your tax liability using old W-2 & 1099 forms. They may also just use statistics of income in your ... Read More
What Can Happen vs. What Will Likely Happen if Taxes Aren’t Filed
Having unfiled taxes when you owe the IRS money is a very serious situation. Unfiled taxes are the quickest way to get very large tax penalties and in some serious trouble. The IRS does have the power to enforce some very harsh punishments on individuals but it is not standard practice for them to do this. The IRS will look at ... Read More
Why the IRS Will Find You If You Don’t File Your Taxes
With each passing year, the IRS gets more and more efficient at catching non-filers. If you have gotten away with not filing a tax return in the past, don't expect to in the future. Even if you missed the past few years, it is in your best interest to file those returns because the IRS will likely catch up with you sooner or ... Read More
Making Work Pay Credit Will Most Likely Cause IRS Back Taxes
At the beginning of this month, the Treasury Inspector General released a report describing the negative effect that reduced withholding associated with the Making Work Pay Credit (MWPC) could cause. What the report mentioned is that 15+ million taxpayers could owe taxes when filing in 2009 and 2010 due to the fact that the ... Read More