Solutions to Make Better Decisions with Your Taxes and Money

7 FAQs about Tax Extensions

For many of us, there just doesn’t seem to be a convenient time to gather all of our tax documents and sit down to prepare a return. And, before we know it, the tax filing deadline is upon us. That’s when filing Form 4868, Automatic Extension of Time to File U.S. Individual Tax Return, may […]

What Happens If I Don’t File My Taxes?

It’s easy to put off filing your taxes. Life is jam packed with places to be and things to do. Finding time to organize your tax information and complete your return may seem hard. If you’re like many people, it’s not terribly hard to find reasons to procrastinate all kinds of things you need to […]

When Does Capital Gains Tax Apply?

You sold your house, an investment property or something else of value. When do you tell the IRS? When you sell a valuable asset, such as real estate, the IRS definitely wants to know about it. In fact, for the sale of many assets the IRS finds out even if you don’t tell them, thanks […]

What IRS Forms 1095-A, 1095-B and 1095-C mean for you

*Updated for tax year 2016 Aside from Form W-2 and the usual tax documents that find their way into your mailbox during tax season, you may also receive a version of Form 1095, which is related to the Affordable Care Act. While many of us already understand what these forms mean, others are still trying to decipher what to […]

7 FAQs to Better Understand Form 1095-C

*Updated for tax year 2016. In January, aside from receiving your usual Form W-2 from your employer, you may receive Form 1095-C related to the Affordable Care Act (ACA). If you received health insurance outside of the marketplace exchanges in 2016, and worked for a large employer, look for Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to arrive […]

How to File a Tax Extension – And 3 Reasons Not To

For many of us, there never seems to be a convenient time to get everything together and prepare our taxes. That sometimes means filing for an automatic extension of time to file your income taxes. This is a smart move if you don’t have all your information yet. It may be your only choice if […]

Owe Too Much Tax? 4 Ways to Lower and Pay Your Tax Bill

For some people, not getting a big income tax refund is a terrible disappointment. The only thing worse is having to pay even a small amount to Uncle Sam at the end of the year. When you finish your taxes and discover you owe a small amount of tax, however, you should consider that you’ve […]

Where’s My Refund? Step-by-Step Timeline of your Tax Refund

From the time you prepare and file your tax return, to the day you find your tax refund in your mailbox or your bank account, you’re never alone. Here is a timeline of your tax refund and where you can find help when you need it. Where’s my refund?

How to Maximize Tax Deductions and Credits

Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our fair share, no one wants to pay too much income tax. That’s where tax deductions and credits come into play. U.S. Congress […]