If you missed the April 18th deadline to file your 2010 Tax Return, it’s not too late. While you consider whether it’s worth the hassle to file your late return, here’s some things to keep in mind: PENALTIES AND INTEREST. For every day your tax return is late, filing penalties, payment penalties, and interest will incur on any tax you …
Happy Tax Day – April 18, 2011
Despite being a few days late this year, Tax Day is here! For you procrastinators, don’t freak out quite yet. You still have until midnight tonight to electronically file (e-file) your return. Alternatively, your return must be postmarked today. The IRS now has FREE e-file for all taxpayers (including all forms and schedules). Beware of the companies like Turbo Tax …
Audit Gamble – IRS Steps it up Against Tax Cheats
Knowing the chances of the IRS auditing your Income Tax Return is relatively slim, are you willing to take that gamble and “modify” the figures on your return to maximize your refund or minimize the taxes owed? If so, you are definitely not alone! But before you turn in that return, you might want to consider this – even the …