Countdown to tax day: 12 days
On my recent appearance to Midday Sunday Fox 11 with host Tony Valdez, Tony asked me about the typical mistakes taxpayers make when filing their taxes. Here are the four most common:
1. Forgetting to sign the tax return
This is the number one avoidable mistake people make every year. They are rushing to get their taxes done, forget to sign the returns, put them in
Posts Tagged ‘tax relief tips’
Countdown to tax day: 12 days
Parents of children and those with dependents should keep in mind the tax relief benefits and deductions available to them this tax season. The IRS has issued a brief reminder to all parents to keep these tax relief tips in mind as they file their 2011 taxes:
Dependents: You can start claiming a child as a dependent the year they are born, so if you gave birth to little bundle in
In 2012 changes in inflation will be reflected in available deductions, meaning additional tax relief for taxpayers. Tom Herman of the Wall Street Journal wrote a brief article titled A Little Dose of Relief in 2012 outlining some of the tax expenditure changes we can expect in the next year. Below are three deductions the IRS recently made announcements about for 2012:
Standard Deduction: The basic standard deduction for single individuals
College can be costly. Fortunately there is help in the form of tax relief for many students. As the economy struggles, and unemployment hovers around 9%, many people are turning to school as a chance to improve skills to get the jobs that are available. Laura Saunders of the Wall Street Journal offers great advice to students, young and old, who are in need of serious tax relief in her
Tax relief can come in many forms for taxpayers and deductions are a great way to take some tax burden off of your shoulders. But what about those of us who are on the job hunt? What are the rules surrounding deductions while looking for work? Laura Saunders of the Wall Street Journal explores the best ways to get some tax relief while on the job search in her article
U.S Tax Court is keeping tabs on every possible tax detail in the hopes to find some extra revenue and tax loopholes are being sought out to try to find funding to fill in the budget deficit. Not free from the examination are clergy members and the tax relief laws that protect them from paying taxes. Back in March the U.S. Tax Court made a surprising ruling to extend a
The IRS announced its new standards for mileage rates for the second half of the 2011 year. Starting July 1 the new rates will take effect. The Wall Street Journal reports that after the first “the rate for business miles increases to 55.5 cents from 51 cents and to 23.5 cents from 19 cents per mile for medical and moving expenses. The per-mile deduction for charitable expenses remains unchanged, at
Tax Help and Tips from Tax Blogger Includes Refreshing and Candid Look at Issues Facing Today’s TaxpayersFriday, August 13th, 2010
As you know, I often turn to many fellow tax bloggers for the latest tax news and IRS regulations. And while Stacie’s More Tax Tips blog features tax help and tips, I am particularly drawn to her candid refreshing take on the triumphs and woes of today’s taxpayer.
From why she thinks American Express sucks to the true story of a magazine door-to-door sales person who encountered nightmarish tax consequences from her self employment status,
As a Certified Tax Resolution Specialist I consider it my job to provide readers with all sorts of valuable tax information. That is why I feel it is important to expose my readers to great sources of tax help they can reference in addition to my blog. Because I am dedicated to providing tax relief and tax assistance, I am always happy to see that same drive in others –
As Congress allocates another $12.2 billion to hire 2,000 more tax collectors, more Americans than ever will need professional tax relief to resolve back taxes, unfiled returns, and IRS audits.
In the weeks leading up to Tax Day on April 15, more struggling taxpayers facing IRS debt are seeking relief from their tax troubles during a record year for federal spending on tax enforcement. Glenn Beck, one of America’s leading
Please tune in today June 11 at 4:45PM EST for my guest appearance with Britt Pope on WIXE 1190.
I will also be appearing on the thought-provoking nationwide talk show The Michael Dresser Show tomorrow (June 12) at 3:30. Michael Dresser is known for his entertaining, educational and informational forum that keeps audiences riveted.
I hope you will tune in and let me know what tax questions you have!
Michael Rozbruch is