Ask The Money Coach

Archive for the ‘Taxes’ Category

If you need help filing your federal income taxes, look no further than the IRS itself.

And don’t worry: the IRS isn’t out to get you.

On the contrary, in 2012, the IRS has more than 12,000 free tax preparation sites nationwide as part of an ongoing effort by the Internal Revenue Service to team up with non-profit agencies and community groups throughout the U.S. to better aid taxpayers. Continue reading “Free Places for IRS Tax Help and Tips For Do-It-Yourself Tax Filers” »

Related Questions:

• what tax form do i use for a forclosure
• which irs free file affiliate is used the most?
• can i get a tax credit for a boat
• do i have to file a 1099-int with my federal tax or by itself?
• where to go for free income tax help
• Free IRS Tax Help
• someone else submitted tax return with my social security number how long for refund
• were can i get free tax help
• should i call the irs for help myself
• what federal tax form do i use for a 1099-r
• what is the name of the irs form to report how many 1099 i am filing?
• what tax form do i file if I am in foreclosure?

Any parent knows that kids can be awfully expensive.

They eat a lot, or sometimes not much at all, picking all over their food and wasting it.

They tend to sprout up like weeds, outgrowing clothes, shoes and even hats and gloves before those things get a proper wearing. (By that, I mean there should be holes in all those items before they’re handed down to a younger sibling).

And then, of course, kids want a lot of stuff. Can you say iPhone, Nintendo DS or Xbox 360 Kinect?

Little wonder that, in the past decade alone, the cost of raising a child from birth to age 18 has risen nearly 40% to $226,920. Continue reading “Got Kids? Here are 10 Tax Benefits For Parents” »

Related Questions:

• 10 tax benefits for parents
• $3 094 child tax credit 2012
• the perks of a parent
• the max returns for three kids and myself on income tax
• taxes lots of dependents education no taxes
• taxes 2011 to know parents
• tax benefit for children 2012
• parent tax breaks 2012
• my son was born October 6 2011 can I put him down as a dependent when I file taxes for 2011
• little know maine tax deductions 2012
• file taxes dependent child credit
• do you have to pay taxes with 10 kids?

When you’re filing your federal income tax return, you undoubtedly want to pay the least amount of money possible to Uncle Sam.

One effective way to minimize your taxes is by claiming various dependents and exemptions on your income taxes.

Claiming the right number of dependents and exemptions can sometimes save you hundreds, or possibly even thousands of dollars in taxes owed.

But as juicy as these tax perks are, you still have to be careful that you don’t run afoul of the law and improperly claim dependents or take exemptions to which you’re not entitled.

To keep you on the straight and narrow, the IRS offers these six tax tips about claiming dependents and exemptions. Keep this advice handy when you, or the tax preparer you choose, are completing your 1040 tax returns: Continue reading “6 Tax Rules to Know When Claiming Dependents and Exemptions” »

Related Questions:

• what happens if you claim 2 dependents on your taxes
• claiming dependents
• what happens if you claim a dependent on your income taxes
• what happens if someone claims one of my dependents on my incometax
• what happens when some else claimed your dependants on taxes
• what happens if someone claims your dependent
• how much refund per dependent claimed
• tax refund offers
• not claiming dependents
• how to get $5000 tax refund without claiming dependants
• rules for tax exemption
• what happens if two people use someones social security number for exemption

Whether you forgot to take all of the deductions you were eligible to take, or just reported a few wrong figures to your tax return, you do have some options for amending your return.

In fact, you have three years from the original filing deadline to send in an amended return. You don’t need to worry about math errors on a tax return because the IRS will take care of those when you file.
Continue reading “What Do I Do If I Made a Mistake on a Federal Tax Return I Already Filed?” »

Related Questions:

• will the irs catch my mistake
• what can happen if you make a mistake on your federal tax return
• mistake on taxes already filed
• TAX RETURN WRONG
• 4 what should you do if you made a mistake on a federal return that you have already filed?
• if i have amended return will i steal my refund
• what do i do if i forgot to claim a deduction on my tax return?
• i reported wrong income on tax return
• if i made an error on my federal taxes how can i fix that
• what to do if you type the wrong income for tax return
• if u made a mistake on your taxes can it be fix right away
• will irs catch a mistake