Tax Complexity Costs the Economy $233.8 Billion

tax compliance costsWe all know the tax code is complex. In fact, many of us think that the tax code is needlessly complex.

Small Business Owners Want Tax Reform

small business tax reformWhen it comes to the push and pull around taxes, many feel as though small businesses get left out. Small business owners are among the first to tell you that they aren't usually considered when lawmakers create tax policy.

5 Ways to Invest Your Tax Refund

five ways to spend tax refundNow that you've (hopefully) filed your tax return, it's time to think about what you will do with your tax refund. As you consider your options, it's a good idea to be aware of the way your money can work for you. Before you spend your tax refund, make a plan for your money. Here are 5 ideas:

Taxes After Death: Tax Fraud Using Old Social Security Numbers

social security fraud and taxesWhen we think of tax fraud, often our minds jump to activities like under-reporting income and overstating deductions and credits. Sometimes, we also consider fraudulent actions like identity theft. Many scammers use others' Social Security numbers to claim their refunds.

How to Make Your Tax Preparer Happy

watch out for shady tax preparers

Over the years, I’ve found that having an accountant prepare my taxes is a great help to me. My taxes are increasingly complicated with the business and the investments that have been added to my financial life. Back when I had a more traditional job, and few financial complications, it was easy to manage my own taxes. Today, though, it can take many of my precious hours to prepare my own taxes. I’m happy to have an accountant take care of everything.

Avoid the Pitfalls of Refund Anticipation Loans

tax refund anticipation loansDuring tax time, it's common to see advertisements claiming that you can get your tax refund "early," or even walk out of a tax preparers office with your refund in hand. Before you get too excited about this, understand that you are likely being offered a refund anticipation loan.

Watch Out for Shady Tax Preparers

watch out for shady tax preparersOne of the ways you can increase your tax refund and ensure that you aren't leaving money on the table is to have a professional prepare your taxes. This year will be the seventh that I've used an accountant to prepare my taxes, and I don't regret it at all.

Did You Double-Check Form 1095-A?

1095cNow that tax season is underway, it's time to double-check your forms and make sure that your information is as accurate as possible before you file. But what if the wrong information you use to file your taxes is someone else's fault?

What is the Taxpayer Advocacy Panel?

taxpayer advocacy panelWhen it comes to paying taxes, many citizens feel as though they aren't heard. After all, the IRS seems like a huge agency that is far removed from the experiences of taxpayers. In past years, the IRS has received poor marks for customer service, although some of the perceptions about the IRS are changing.

4 Tax Time Mistakes to Avoid with your 2014 Tax Return

Now that tax season is in full swing, many taxpayers are workingthrough their documents, trying tolast minute file tips organize everything for their 2014 tax return. As you get ready to file your own tax return, here are 4 tax time mistakes to avoid:

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