Many seniors have limited forms of income, including social security or retirement benefits. However, the current IRS tax form 1040EZ does not include lines for these sources of income. Therefore, seniors must file the much more difficult form 1040 and its schedules. This makes filing taxes even more dreadful for the elderly. To help with… Continue reading →
tax preparation
Tax Debt Can Start with a Small Mistake – Tips to Avoid the IRS Debt Cycle
Tax Debt can develop from a simple mistake or unreported item on a return. The IRS takes time to find errors and yet penalties and interest accrue during that period. Here are some simple steps to help avoid making some common Tax Filing mistakes.
2010 Electric Car Credit and Other Tax Incentives
Tax Credits can allure taxpayers to rush applications or file even when unsure about qualifing standards. Learn why tax liabilities can appear years after filing incorrectly for incentives such as the first time home buyer or electric vehicle tax credits.
