The Argument Against Tax Deductions

kristyn — Mon, 17 Jun 2013 20:14:38 +0000

A current survey after the 2012 United States tax season showed that a majority of taxpayers were in favor of a tax system where everyone pays the same percentage of their income in taxes. Think about it: After another stressful tax season, in which, decent and fair Americans rush to get all of their information together and out of the door by mid-April, it seems that these taxpayers would like to trade their system in for a more efficient and easy system. How would this work? The United States tax law is currently 72,000 pages. It is a complicated and … Click to Read More

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Online Sales Tax Bill To Pass

kristyn — Thu, 09 May 2013 20:24:43 +0000

The Senate just passed a bill that will make certain large retailers charge sales tax to online shoppers. The bill will allow states to collect sales tax from goods sold via the internet. If it passes the House of Representatives and is signed into law, this law will mark the end of an era where large retailers such as Amazon and EBay benefit from a twist in the system that allows them not to collect sales tax from goods ordered online. The U.S. Senate, overwhelmingly and with strong bipartisan support, passed the Marketplace Fairness Act of 2013 by a vote … Click to Read More

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How To Endure An Audit

kristyn — Mon, 06 May 2013 17:53:04 +0000

Tax season has come to an end and now audit season is about to commence. People always fear that they will be audited, but in reality the chance of being audited is fairly low. About 1 out of 100 people are actually audited. Read below on how to endure an audit. However, if you do happen to be one of the unlucky people, here are a few easy steps to take to make the process go smoothly: Don’t Ignore Mail From the IRS – Although it may be frightening, it is always best to open mail from the IRS. It … Click to Read More

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Infographic: Interesting IRS Tax Refund Facts

pilotguydave — Wed, 24 Apr 2013 19:47:17 +0000

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IRS Announces Extra Time for Boston Taxpayers

kristyn — Wed, 17 Apr 2013 19:01:17 +0000

We would like to take a moment and think about the people in Boston affected by the Marathon bombing on April 15, 2013. The IRS made this announcement following the explosion: “Our hearts go out to those affected by the terrible tragedy. Boston-area taxpayers need time to finish their tax returns without worry. The IRS will be providing individual tax filing and payment extensions.” The IRS later on reported that it would give Boston taxpayers and others affected by the explosion a three month tax filing and payment extension. The relief will include all individual taxpayers that live in Suffolk … Click to Read More

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