What Happens if You Don’t File Your Taxes

The tax deadline is April 15th in most years, unless that date falls on a holiday or weekend. In that case, the tax deadline will fall on the next business day. That is the case this year, with the tax filing deadline landing on April 17th (the 15th was on Sunday, and the 16th was [...]

Expect Delayed Tax Refunds from the IRS

Tax payers who submitted their tax returns early this year may have to wait a little longer than anticipated to receive their tax refund. The IRS recently announced there are delays in tax refunds this year while they put new anti-fraud measures in place on their computer systems. As of right now, the delays are [...]

Free Tax Filing and Preparation for Military Members

One of the little known benefits of being in the military is access to free tax preparation services. There are several options for military personnel to file their taxes for free, including free tax preparation assistance on base, and free tax prep software you can use online to file your taxes. Some local communities may [...]

IRS E-File Schedule for Check Refunds and Direct Deposits

If you count yourself among the millions of Americans who file your federal taxes electronically using a software program or IRS E-File, then you are probably wondering when you will receive your federal tax refund. Thankfully, the IRS is one step ahead of you – they release an E-File schedule each year that lists when [...]

Estimated Tax Schedule

Do you owe estimated taxes or self-employment taxes? You might actually find that you are responsible for paying estimated taxes, but you aren’t aware of it. Let’s give a quick overview of who owes estimated taxes, a look at the estimated tax schedule, and how you can pay them. Who owes estimated taxes? If you [...]

How Long to Keep Tax Returns and Financial Records

Though we’re months away from tax season, it’s a great time to start thinking about how to organize your financial records. What makes tax time so stressful for many people is the fact that they have to do a lot of record keeping in a short amount of time. Instead of procrastinating, get a head [...]

The Disabled Veterans Tax Termination Act

The tax deadline for service people is three months away and all of the buzz about debt ceilings might have you worried. Rest assured, there are still a few good men in Washington looking out for the economic rights of military members. One of the more significant bills that’s still generating buzz is the Disabled [...]

How Much is the Ideal Tax Refund?

With the average tax refund rising to just over $3000, it can seem to many filers that the refund check is a fabulous spring income boost that will help with bills, vacation plans, or that shiny new toy you’ve been eying. But is it really ideal to receive such a large sum back from the [...]

What To Do with Your Tax Refund

If you’re expecting a tax refund, you obviously want to get it as quickly as possible. That way, you can put it to work for you sooner rather than later. The fastest and safest way to get your tax refund is to submit your return online, using e-file. There are three ways to file your [...]

Should You Hire a Tax Pro?

One of the most common questions I hear this time of year is should I hire a tax professional or do my taxes myself? Preparing your own tax return can be a time-consuming and hair-pulling experience. This is why so many people turn to the tax professionals, including me. But a good tax accountant can [...]