IRS Tax Relief Programs

The Internal Revenue Service (IRS) has several programs that offer tax relief for persons who have outstanding back taxes.

One IRS tax relief program is the Installment Agreement which allows people who are financially unable to make the payments to pay their tax debt over time. Monthly payments can be made until the entire tax debt if paid off. There is also an Offer in Compromise (OIC) program which allows taxpayers to settle their tax debt for a lesser amount than what they owe. This program works well for persons with limited means.

There are also situations where the IRS … Read the rest

Saving Money With Tax Services

Locating free 2012 tax filing services would be a great idea for anyone that has a need to save some money. Spending hundreds of dollars on tax software is likely something you cannot afford when dealing with the large burden of taxes. However, it is important that you find a way to get your taxes done as quickly as possible. When you use out of the best free options on the market today, you will be able to keep hundreds of dollars in your pocket. Throwing away money on software is likely something you cannot justify on a limited budget, … Read the rest

Tax Carnival Ecstasy – January 2, 2013

Welcome to the January 2, 2013 edition of Tax Carnival Ecstasy. Alex Fennings starts off our carnival edition with an article on How do you Buy Stocks Online? Bill Smith takes a look at 2011 Federal Tax Filing. We also take a look at the Fidelity New Markets Income Fund (FNMIX) in a post by Habeeb. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back soon.

Alex Fennings
presents How do you Buy Stocks Online? Learn all there is to know! | The Forex Base posted at The Forex Base, saying, “Learn all the … Read the rest

Turbo Tax Program

TurboTax 2012

If you are looking for information on turbotax 2012, maybe this will help you. Turbo tax is a company that specializes in filing taxes. You can file your 2012 tax with them relatively easy.

The company asks you questions and then puts those answers on the right tax forms. Their products include the EasyGuide feature which gives you step by step instructions through your taxes just like the GPS does. These steps are clear and easy to follow and will give you your maximum refund. The company can even speed up the refund you are going to … Read the rest

Which “Perks” need to be Declared on your Tax Return

A perk or fringe benefit is a financial benefit that your employer provides for you.  Whether that benefit is taxable depends on a number of factors.  The tax implications of many fringe benefits are well understood.  Here are some less familiar tax implications:

Airline Miles Become Taxable

Earlier this year (prompted by a claim by Citibank that the miles it grants its customers upon opening an account (among other items) are gifts and therefore the recipient is on the hook for paying taxes) the IRS publicly stated that the value of frequent-flier miles are “provided as a premium for opening … Read the rest

Reduced Tax Assessments Sought By North Jersey Homeowners

Last year, Nora and Pat Sfarra were in the unenviable position of watching the market value of their eighty two year old home in Teaneck decrease, while their property taxes simultaneously increased.

Assisted by a tax appeal firm, the Sfarras managed to put this right and got the assessed value of their home decreased from $351,000 to $310,000. This gave them the benefit of saving $1,000 worth of tax, which is a real gain when you are paying in excess of $8,000 in tax. Nora Sfarra was happy that she “got something off” in any event.

Dorothy Monoopli was in … Read the rest