Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
What to Do When You Can’t Afford Your Taxes
Tax season can be harrowing, especially for those that find they owe the IRS money. If you can’t tackle your tax bill in its entirety this tax season, don’t give up. There are options, but they take strategic planning and a bit of elbow grease. Let’s get started. File Your Tax Return Anyway Tax deadlines […]
5 Tips When Considering Filing a Tax Extension
Let’s be realistic for a moment: it’s very possible that people who haven’t yet started doing their taxes might not be able to finish by April 15, 2015. There are approximately eight percent of taxpayers who aren’t able to file their taxes before the deadline for some reason, and hence they chose to […]
6 Reasons to File Taxes Early
When it comes to filing taxes, many people drag their feet and wait until the last possible minute. What they may not be aware of is that there are benefits to filing those taxes early. Being organized and on time will not only save you the last-minute hustle, but also give you the financial edge […]
JP Morgan Chase may write off $13 billion settlement for mortgage securities fraud as “business deduction” on their taxes, said Rep. Kaptur
On October 23, 2013 Rep. Marcy Kaptur asked for permission to address the United States House of Representatives for a few minutes regarding JP Morgan Chase $13 billion dollar settlement with the government and the issue of fraudulent mortgage securities. ” The greatest power a banker has is to create money. Banks can also abuse that […]
TurboTax Consumer Advocate Offers Last Minute Tax Filing Tips
For the fifth time in 10 years, Houston claims top honors on the TurboTax annual list of America’s Top 10 Procrastinating Cities, proving that the last can indeed be first. Rich Preece, TurboTax Consumer Tax Advocate, recently released a new video (http://www.youtube.com/embed/5r1jfMax-wU)offering tax-filing tips for tax procrastinators easily and accurately file their tax return before […]
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