• E-Filing: Common Questions

    Taxpayers can submit their taxes electronically using the IRS’ Electronic Filing System via the e-file process. Tax preparation software approved by the IRS can be used to electronically file taxes with a desktop computer as well as from the latest smartphones and tablets. What Are Some Benefits of E-Filing?...
  • Filing your Tax Return in 2017

    It’s time again to file your taxes. Filing your taxes can be surprisingly easy with the only tricky part being to calculate your deductions, credits, and income. There are a few options available for filing your tax return from regular paper mail to filing online through different websites or...
  • Moving Expenses: What is Tax-Deductible

    Moving expenses can be deducted from your income tax return if you’ve had to relocate due to beginning a new job or had to be relocated for your current job. If you do need to claim your moving expenses, they can be deducted on Line Line 26 of Form 1040....
  • Amending your Federal Tax Return

    Do you need to make a correction to your Federal Tax Return? An amended tax return is required for some errors, but not all. You only need to file IRS Form 1040X if you have made a mistake that the IRS cannot fix themselves. Mathematical errors are often corrected...
  • Filing Your Taxes for 2016

    The beginning of the new year marks the time when business owners start accounting for their final total revenue made from sales and expenses incurred while running their business to know how much they have earned in profit. They can already start filing tax returns with the Internal Revenue...
  • How you Can get a Personal Tax Extension

    The tax deadline this year, for the majority of people, specifies that tax returns must be e-filed or postmarked by April 18th. If you do not comply, the IRS will penalize you by charging a penalty of 5% on the amount owed.  The penalty is charged each month that...
  • Estimated Taxes: All the Info you Need

    Income tax is compulsory for anyone who makes an income from a job, self-employment, or other sources. The IRS’ ‘pay as you go’ system means that they expect to receive regular tax payments from you as your income is earned, not just at the end of the year when you file...
  • Filing your Taxes Via Paper: Pros and Cons

    How to File Your Taxes By Paper Taxes can either be filed on paper or through the Internet (e-file). There are pros and cons to both approaches. Hence each individual applying for taxes should make their decision based on their own personal situation; they know best as to which option...
  • The Earned Income Tax Credit

    In 1975, the Earned Income Tax Credit (EITC or EIC) was introduced. The point of this tax credit was to help lower income families financially. It provides a subsidy to help with financial woes. There are eligibility requirements that must be met and an income tax return has to...