Solutions to Make Better Decisions with Your Taxes and Money

Archives for April 2013

Set a Budget: The Gap Between What You Can Afford and What You Want

Do you head into a purchase with a budget but end up spending far more than that amount? Here’s a theory… The gap between what you can afford and what you want can be measured by how well aspirational marketing works on you. If aspirational marketing works well on you, (read: Real Housewives, Dom Perignon […]

Tax Do-Overs: Filing an Amended Return

It happens. Just when you think tax season is over and you can forget it, you discover a mistake or omission on your income tax return. You probably need to fix it by filing an amended return with the IRS. When to file an amended return You should file an amended return whenever you discover […]

Post-Filing Tax Tips You Need to Know

Congratulations – you’ve filed your tax return! Now what? Follow these post-filing tax tips to wrap up tax season.

How to File a Tax Extension [Infographic]

Do you need more time in filing your income tax return? Don’t sweat it – it’s easy to get a tax extension to file your return. TaxACT supports the completion of Form 4868 Automatic Extension of Time to File U.S. Income Tax Return for your federal return, as well as any necessary extension forms for […]

Need More Time? File for a Tax Extension

Do you need just a little more time to gather the information for your income tax return? Or, truth be told, have you not even started yet? Don’t worry – it’s easy to get an extension to file your return. You just need to tell the IRS you need more time, using Form 4868, Application […]

10 Tips for Taxpayers Who Owe Money to the IRS

Have you received a letter from the IRS stating that you owe them money? Sooner or later, chances are that you’ll get mail from the Internal Revenue Service. Nobody likes to get that thick envelope full of notices. Before you let that letter ruin a perfectly good day, however, take note of these tips: 1. […]

Last-Minute Tax Tips to Help You File

You’re almost ready to file your return. Is there anything you should do before you send it to the IRS? The following are 5 tax tips to ensure your taxes are in good order: Make sure your return is correct The best thing you can do to make sure your tax return is correct is […]

To Itemize or Not to Itemize: 4 Questions to Ask Yourself

Have you ever itemized your tax deductions? In 2009, almost two-thirds of tax filers claimed the standard deduction, which for married couples filing jointly, was $11,400. Those who itemized in that category, however, averaged a whopping $32,000 in deductions. While you may not personally enjoy an increase that large, it’s worth investigating. To itemize your […]

Investment Spending: How to Spend Tax Refunds and Unexpected Checks

The biggest question most Americans have when they get their income tax refund is: where do I spend it? I believe that you can make a wise choice on how to use your tax refund that will have lasting benefits by learning the “Investment Spending Plan” method. I developed the Investment Spending Plan when my […]