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Taxes

Tax Planning

43 Percent Pay No Federal Income Tax

According to the Tax Policy Center, in 2013 43% of taxpayers will not pay federal income taxes....(more)

The Withholding Myth

To take control of their taxes, taxpayers need to understand how tax withholding works and what happens if they under calculate too much....(more)

Planning for the Gift Tax

Gift taxes are not serious problems for many individuals, but those with sizable assets may encounter gift-tax issues with sizable gifts. Any cash or cash-equivalent gift of over $14,000 per person in a year may be subject to gift taxes. However, you avoid being liable for these taxes with careful gift-tax planning. Good gift-tax planning also helps you avoid difficulties with estate taxes down the road....(more)

Changing Your Strategy May Save You Money

Technically, there are two primary ways to actually reduce your taxes. You can spend money on things that you can deduct, and you can utilize investment tax shelters and/or retirement plans. These are two principles to help you reduce taxes, but what are some other tax strategies that you need to know? Knowing what is considered cheating, knowing what is legal and knowing where the loopholes are when it comes to paying taxes are all elements of tax preparation with which taxpayers need to be familiar. If you want to start saving money on your taxes, you will need to take action and change your strategies. Here are some important do's and don'ts to help you make smart changes with regard to your existing tax strategies....(more)

IRS

IRS Installment Agreement

When a taxpayer owes the Internal Revenue Service more than they can pay in full, they might be able to set up an installment agreement to pay their debt over time....(more)

Can't find your return? Try the IRS.

When you can't find a copy a recent tax return, you can get the information you need from the Internal Revenue Service....(more)

Taxpayer Advocate Service

The Taxpayer Advocate Service is an independent part of the Internal Revenue Service (IRS) which helps taxpayers with problems caused by IRS procedures and delays...(more)

Careers

A Tax Number for Tax Preparers

All paid tax return preparers need to apply for or renew their Preparer Tax Identification Number (PTIN) each year and use it on any tax returns they prepare...(more)

Learning About Taxes

The U.S. income tax is a confusing subject. For taxpayers who want to learn more about income tax there are a variety of educational options available....(more)

Household Employee: Obligations and Roles

The roles of both household employer and household employees are complicated. Understanding the responsibilities to Federal and state can be confusing, as well as within their given obligations to each other. There is also the fact that there is a lot of work focused towards improving the lives of people who work within the private sphere of the field, which is made clear by the National Domestic Workers Alliance. It's important to recognize the diversity and demand available in this particular career....(more)

Trish McIntire is an Enrolled Agent with 25 years experience in preparing income tax returns and educating clients about taxes. She began as a seasonal employee for a national tax preparation chain. As her experience increased, Trish became the senior preparer for the office. She was responsible for supervision and... Read More

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