Taxes

With tax season upon us, millions of Americans are expecting sizable refunds.  But there’s no consensus on the best ways to put that money to work.  I stopped into PIX 11 in New York City to share some tips and strategies for...

When it comes to purchasing your next vehicle, you could be leaving money on the table. The truth is that savings on your next car are not only dependent on special deals offered by the dealership. There are also savings to...

While being a driver for Uber or Lyft is a great way to earn extra income, it can also come with many tax benefits and disadvantages. Getting an understanding of what can help you at tax time is essential so...

President Donald Trump and the Republican Party are trying to rush a massive tax “reform” plan through Congress with as little as possible public hearings on the matter. It’s little wonder that the GOP doesn’t want too much scrutiny into...

Starting in spring of 2017, the IRS plans to allow private debt collection agencies to retrieve outstanding tax debt from consumers on behalf of the government. Signed into federal law under the Fixing America’s Surface Transportation Act (FAST Act) in...

In terms of your financial future, your past credit mishaps can hold you back from opportunities that credit can offer. On your credit report, there a few things worse to appear than a tax lien (paid or outstanding) from the...

If you owe a significant amount to the IRS, you may be able to pay the balance in an installment agreement with the IRS. This can help offset collection methods of the IRS, like freezing your bank account and putting...

While it’s been often said that the two things you can’t escape in life are death and taxes, the IRS actually offers a way out for those behind on their payments. If you’ve been watching TV or listening to the...

If you’ve prepared your taxes and you owe Uncle Sam, don’t make the mistake of not submitting your federal tax return simply because you’ve got a hefty tax bill. A failure to file your taxes will just compound your problems...

Tax season often turns into stress season for a lot of Americans. Whether it’s the pressure of organizing financial documents or fears about getting audited, most adults dread the run-up to the annual April tax filing deadline. A survey from...

Great question!  But what you really meant to ask is – when can I file my 2015 taxes? It’s a bit confusing.  In 2016 you will be filing your 2015 taxes, settling up with Uncle Sam on the income you...

Didn’t file your 2014 taxes by April 15, 2015? No worries, we’ll let you in on an industry secret – if you’re getting a refund, you can file for up to 3 years with no late fees or penalties! If...

What is e-file? How do you e-file your taxes?  We explain it all in this short and sweet article. What is e-file? eFile, also known as e-file or electronic filing, is a system for submitting tax information to the IRS...

What is a W-2? Simply put, a W-2 is a tax form your employer sends you, known as a Wage and Tax Statement. Sounds simple, then why are there so many boxes and codes? Familiarizing yourself with the most important parts of this...

Most of us don’t particularly enjoy dealing with the deadlines and paperwork required to file federal income taxes.  But just because taxes may not be the world’s most pleasant topic, doesn’t mean you can sweep this issue under the rug....