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stevepb / PixabayAs a taxpayer, you have the right to challenge the IRS and have your position listened to. This is the fourth item in the Taxpayer Bill of Rights. The IRS wants you to know all your rights when you need to work directly with the government agency on a tax issue. You can object to an IRS decision, you can provide more documentation to an open issue, the IRS has to respond to your
Rich taxpayers may end up paying higher tax bills this season. Due to the changes in the 2012 tax law, anyone who makes enough to consider themselves wealthy will pay higher taxes on their income.The first bill that raised taxes for the wealthy is The American Taxpayer Relief Act of 2012. This bill is also commonly known as the fiscal cliff tax bill. This law prevents rich taxpayers from reducing
What You Need to Know About the Taxpayer Bill of RightsThe post 10 Tenets Of The Taxpayers Bill Of Rights appeared first on 2016 Taxes to 2017 Taxes.
Nearly 50% of Americans are not Aware of the Health Insurance Status Filing Requirement in Their 2014 Tax Returns View image | gettyimages.com A recent survey has shown that 48% of American taxpayers do not know that they are required to report their health insurance status when filing their returns for the previous year. As … Continue reading TurboTax 2014 Revelations About U.S Taxpay
TaxCaster: The Mobile Tax Calculator For TaxpayersTax calculators are popular tools for consumers these days. Before filing one’s taxes, a person can take advantage of a calculator. Such tools require some personal and financial information in order to generate a tax refund estimation. An individual will know in moments whether they owe money or will be receiving money from the Internal Rev
Most Taxpayers Don’t CheatIf you are racing to get your taxes done by the April 15 deadline, you are not alone. Millions of Americans will file their taxes this year, and more than ever will file taxes online. One of the most common misconceptions about tax filing is that everyone cheats on their taxes. Studies have shown, however, that the majority of Americans are against cheating on taxe
When an individual works for themselves, he or she is considered self-employed for taxes, which means the individual is responsible for paying and filing taxes on a scheduled basis. These individuals will have some advantages and disadvantages at tax time.Five Tips For Self-Employed TaxpayersA self-employed individual will have to pay income and self-employment tax. The self-employment tax includ
If you are yet to file your federal income tax returns for 2012, luck is at hand. This year, you will have a couple of additional days to do it.Rather than the usual 15th April deadline, taxpayers can send their returns in as late as midnight 17th April.A spokesman for the IRS, Christopher Miller, assured people that they have no need to panic.The 2 day extension has been granted because the 15th

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