When 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 […]
Now that tax season is in full swing, many taxpayers are working through their documents, trying to 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:
1. Waiting […]
One of the provisions of the Patient Protection and Affordable Care Act (PPACA, also called Obamacare) is that those who don’t obtain health insurance are required to pay a tax penalty.
For the tax year 2014, the individual mandate penalty wasn’t too severe. […]
President Obama has revealed his proposed budget, and it includes close to $280 billion in tax cuts for families with low to middle incomes. The tax cuts for those income brackets would be paid for with about $1.5 trillion in new taxes over the […]
I have a business. It’s registered as a Limited Liability Company (LLC), and is considered a “pass-through” business. This means that my LLC doesn’t pay taxes in the corporate system. Instead, the profits pass through the business and are reported on the joint tax return filed by my […]