Income Tax
2015 Review of Intuit Tax Online
Intuit Tax Online is a tax solution intended for sole-practitioners and small firms looking for a mobile tax preparation option. New this year are continued efforts to enhance the user interface and the ability to capture electronic signatures.
For Taxpayers Who Missed the April 15 Deadline, Here’s What To Do
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
Hey Millennials: What Are You Doing With Your Tax Refund?
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
Can’t Pay Your Taxes? Expert Offers Tips on What to Do
With only a few hours to go before the April 15 deadline to file income tax returns, some who got a late start or need more time may contemplate filing a six-month extension.
Split Decision on IRAs: Pub 590-B Covers Distribution Rules
The new Pub. 590-B applies to 2014 tax returns filed in 2015. Two aspects that have often befuddled taxpayers in the past are the RMD rules for Roth IRAs and the options available when inheriting traditional IRAs.
4 Tax Saving Carry-Overs from 2014 Income Tax Returns
Usually, a transaction that occurs during the tax year is reflected on the tax return for that particular year. For instance, if you realize a capital loss on the sale of stock in 2015, the loss offsets tax liability on your 2015 return.
President Obama’s Income Tax Return Shows Drop in Earnings
In his sixth year in office, President Obama’s taxable income has continued to decline, according to his 2014 tax return.
Psst: You Don’t Have to File Your Taxes By April 15
April 15 is ingrained, implanted permanently in most Americans' minds as the deadline for filing annual income taxes with the Internal Revenue Service. But what if I told you that you don't really have to file your form 1040 by April 15?