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Tips for getting a tax extension

>>Get A Tax Extension Online Are you familiar with the tax extension process? Even if you don’t know the first thing about requesting an extension,…

Tax incentives to send your college graduate to grad school

These days it is more likely than not that your college graduate will be either unemployed or at least underemployed for at least a couple…

How to save on taxes when your college grad moves back home

Qualify for the dependent exemption and deduct $3,800 from your earnings   The economy is better than it was, but not ideal, and the job…

Age features on 529 plans – Risk and Return

Recently, I wrote about a few of the primary features of 529 plans, and I focused on qualities proven to provide higher returns. Suffice it…

How to avoid Federal taxes on short sales and other debt settlements

Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income. A short sale is a…

Your Personal Income Tax Return Starts With the 1040 Form

There are a lot of these form 1040 pages! However, it's the main form for everyone's tax return, from Bond villains to Disney princesses. Form…

Understanding How Income Taxes Work

What Are Income Taxes and How Do They Affect You? For most people, the thought of paying income taxes makes their stomach turn. While everyone knows that…

Will a new law for IRS tax fraud protection reduce identity theft?

On April 9, Senator Bill Nelson (D-FL) sponsored the Identity Theft and Tax Fraud Prevention Act of 2013, which aims to mitigate tax fraud in…