Archive for the ‘Tax Information’ Category

What are the Advantages to Filing Online?

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Like most bureaucratic organizations in the world today whose function involves a large amount of paperwork, the Internal Revenue Service (IRS) is now actively encouraging people to file their annual income tax returns electronically. This makes the annual filing faster and easier, ensures that the return is received on time and means it can be processed sooner, resulting in faster … more


How to File an Extension

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Although many people consider the April 15 deadline for filing their personal tax return as non-negotiable, in reality getting an extension is an easy and painless process that is available to all American taxpayers. Almost anyone is allowed to file a Form 4868, which will grant them a four to six month extension of their tax filing deadline. However, it … more


Common Errors Found on Tax Returns

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When most people think of likely errors on their tax returns, the first thing that comes to mind is mathematical errors; incorrectly calculating or reporting the various amounts asked for on the return. Although it is true that mathematical errors are common, they have been declining as more and more people use some form of tax software to fill out … more


Why You Should Not Procrastinate Filing Taxes?

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Most American tax payers know that their annual income tax return is due on April 15 each year. Every year this date is marked by traffic disruptions and lengthy lines at the post office as people filing at the very last minute try to get their tax returns postmarked by the deadline. These disruptions have decreased some in recent years … more


Tax Breaks for Surviving Spouses

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As is always the case with issues related to American taxes and the internal Revenue Service (IRS), the assorted opportunities for surviving spouses vary widely and can be extremely complicated. In general, most surviving spouses receive their benefits from the Social Security Administration or, in the case of military spouses, the Department of Veteran’s Affairs. The IRS does not have … more