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2013 Tax Tips; Vol. 12


PREVENT THE IRS FROM DELAYING YOUR REFUND

Many taxpayers believe that their tax refunds are “found” money.  But a tax refund is simply an over-collection of taxes by your employer.  Watch this video to find out how to adjust your tax withholding to reduce the amount of money withheld so the IRS has less or no money to refund you in future…Continue reading

 

BIGGEST TAX LAW CHANGES FOR 2014

With the upcoming tax season already delayed, and many tax proposals still being debated in a contentious congress, Chad Fisher over at gobanking.com lists the 5 biggest changes for the 2014 tax season taxpayers can expect: 1. FICA and Medicare Taxes Last year, many filers noticed a startling increase in their taxes thanks to FICA… Continue reading

 

GOV. SHUTDOWN DELAYS TAX FILING SEASON

Like last year, the IRS is delaying the start of tax season. Unlike last year, the reason for the delay is the government shutdown: Tax filing season will start one to two weeks late because of the 16-day government shutdown, the Internal Revenue Service announced Tuesday. The IRS says it needs the extra time to… Continue reading



Looking for additional resources?

Visit these sections of our blog for additional reading and tax resources: The True Cost of Doing Your Own Taxes

 

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