Alimony in the IRS Spotlight
A couple of years ago, the U.S. Treasury released a report highlighting a disturbing level of non-compliance in alimony reporting on tax returns. Since the report was released, the IRS has increased the scrutiny they place on tax returns with alimony claims. If you file a tax return involving alimony, make sure you know the facts so you can avoid any potential audit problems.
12 Common Items Missing From Tax Returns
One of the biggest delays in filing your tax return is missing information. Make sure you don't miss some of these commonly overlooked items.
Smart and Fun Ways to Use Your Tax Refund
You may already have big plans for spending your tax refund. Many think of this extra money in black and white terms of you either do something responsible with it or you frivolously spend every last cent of it. Here are a few suggestions for making the most of your tax refund while still having a little fun.
2017 Tax Planning - Changes to Note
With the new administration in Washington D.C., tax changes are likely in our future, but the details of those changes are unknown. What we do know about 2017 core tax rates and inflation-adjusted figures will come in handy when you file your 2017 tax return in early 2018.
Filing Extension - Get More Time to File, Not to Pay
Sometimes the tax deadline arrives and you are simply not ready to file. But, if you choose to file for an extension, don't make the mistake of not paying. Filing for an extension gives you more time to file, not more time to pay. If you owe taxes, they are due on the regular filing deadline.