Income Tax Guide

Whether or not to file and pay taxes isn't a choice. How and when to file is. If you complete and file your taxes yourself, you must to stay up to date on the requirements and changes for each tax year. If you use a professional tax preparer, you need to be aware of the information they need to complete your returns appropriately. Granted, the forms and instructions provided by the IRS are not always user-friendly. The articles included here, however, are full of the information you need to file your taxes appropriately, on time and in the ways that most benefit your finances.

• New or Updated Tax Deductions for 2010

  In these uncertain economic times, saving is more important than ever. But all too often, people who are trying to cut expenses end up overpaying on their taxes. In fact, as many as 2 million Americans shell out more money to Uncle Sam than they really owe every year

• Bush Era Tax Credits Extended

  Learn what recent legislation means for you, your family, your tax liability, and your job prospects for 2011.

• Rapid Tax Refunds

  Fees can quickly reduce your refund total for the sake of a fast-cash solution. Know the facts and consider other alternatives.

• Tax Benefits of Certain Investments

  You can invest your money in tax-exempt and tax-deferred investments that will help you accumulate wealth quickly.

• Tax Deductions

  Are you aware that, when you fill out your tax return, you're able to choose the tax deduction method that will save you the most money? Find out about the two methods and when each one is beneficial.

• Tax Audits

  Getting an audit notice from the IRS can be intimidating. Understanding the process can help you get through it, and may even help you avoid an audit altogether.

• Avoid The April 15 Blues

  Just thinking about paying taxes can give you a headache. Here's some helpful information to get you started.

• Income Tax Withholding

  Each time you start a new job, one of the first things you do is complete a Form W-4. Do you know why?

• What if You Owe Back Taxes?

  If you can't pay your federal tax liabilities promptly, here are some suggestions on how to partner with the IRS and eventually pay off your debt.

• 10 Revamped Tax Write Offs

  In these uncertain economic times, saving is more important than ever. But all too often, people who are trying to cut expenses end up overpaying on their taxes. In fact, as many as 2 million Americans shell out more money to Uncle Sam than they really owe every year.

• End of the Year Tax Breaks

  Seriously, why not help yourself while helping others? It's a win-win: you feel good, they feel good, and your tax breaks feel good. Here are a few ideas for how to embrace our amended definition of altruism and stay in control of your taxes.

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