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Information courtesy of the IRS If you owe for your federal taxes, keep the following in mind: 1. Never send cash. 2. If you e-file, you can file and pay in a [...]

The IRS offers these facts regarding amended tax returns. 1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct errors on your tax return. You must file an amended [...]

Information courtesy of IRS Tips on Making IRA Contributions If you made IRA contributions or you’re thinking of making them, you may have questions about IRAs and your taxes. Here [...]

If you still file a paper return, it’s important to know the IRS’s “timely mailed = timely filed” rule: If your tax return is due April 15, it’s considered timely [...]

Courtesy IRS Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all [...]

Courtesy of IRS If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re [...]

For you to deduct up to $3,900 on your 2013 tax return under the adult-dependent exemption, in most cases the parent must have less gross income for the tax year [...]

Courtesy IRS.gov You may be able to reduce your taxes if you made certain energy-efficient home improvements last year. Below are facts that you should know about home energy tax [...]

Information courtesy of IRS   If you are looking for a tax deduction, giving to charity can be a ‘win-win’ situation. It’s good for them and good for you. Here [...]

Information courtesy of irs.gov    There are a few basic tips to keep in mind about the new health care law. Health insurance choices you make now may affect the income [...]

Tax write-offs for the self-emplyed: Home office: If you work from home, you can claim your home office. There are a few stipulations attached. Health insurance: Self-employed health insurance premiums [...]

Information courtesy of IRS Many people pay for the care of their child or other dependent while they’re at work. The Child and Dependent Care Credit can reduce that cost. [...]

Information courtesy of IRS   Taking money out early from your retirement plan may trigger an additional tax. Things you should know about early withdrawals from retirement plans: 1. An early [...]

Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual contributions are limited by tax law, and any unused limit [...]

Courtesy of irs.gov If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. [...]