Recent Articles
Filing Taxes Even if You Don’t Have to
Most people breathe a sigh of relief when they are not required to file income taxes. Filing taxes and visiting the dentist are two things most people would rather avoid. However, just like visiting the dentist, it may be in your best interest to file your taxes whether you are required to or not. Why [...]
How to Handle Late Tax Payments/Filing
If you are placed in the less than enviable position of either not filing your taxes or filing your taxes late, there are a few things you should know: If you receive a tax bill from the IRS, respond to it. Even if you don’t have the money to pay the bill in full, contact [...]
Completing 2011 IRS form W-4
IRS form W-4 is also known as the Employee’s Withholding Allowance Certificate. This is the form that you fill out and submit to your employer so your employer will know how much tax to withhold from your paycheck. Form W-4 consists of a worksheet and the actual form to be submitted to your employer. The [...]
IRS Tax Form 4506T (Long Form): Requesting Old Tax Returns
IRS Form 4506 T is entitled Request for Transcript of Tax Returns and is used to get copies of prior tax filings. This is the long form which is used for individuals and companies that file their tax forms based on non calendar fiscal years. In other words, if you’re a fiscal tax filing year [...]
IRS Form 4506T-EZ: Requesting Prior Year Tax Transcript
IRS form 4506T-EZ is called the Short Form Request for Individual Tax Return Transcript. This is the form to use if you need a copy of your last year’s tax return transcript. Form 4506T-EZ can be used to request tax return transcripts for the four most recent tax years. You can only use this form [...]
Completing IRS Form 8822: Change of Address
Despite popular belief that no one can hide from the government, there are times when it becomes necessary to notify the government of a change in name, change in business location or a change in home address. IRS form 8822 is used to notify the government of such changes. If changes also affect tax-filing children [...]
IRS Form 1098: Mortgage Interest Statement
IRS tax form 1098 is also known as the Mortgage Interest Statement. This statement must be furnished to anyone who paid more than $600 in mortgage interest to a lender. The lender can be a person, financial institution, coal up housing Corporation or a governmental unit. IRS Form 1098 Must be Original If you are [...]
Tax Filing: Stop Procrastinating
Will all of the last-minute tax filers please step forward? Good. Read the following ‘no more tax procrastination plan’ to learn how to file taxes in a timely fashion It’s time to break the old habit of waiting until the last minute to prepare and file taxes. Tax filing procrastination is understandable for those individuals [...]
Foreign Earned Income Tax Reporting
How do American citizens working overseas report their foreign earned income to the IRS in time for the April 15th deadline? They start by completing the right IRS form. Being out of the country is not a free pass for American citizens to avoid filing and paying taxes. Whether overseas or on American soil, Uncle [...]
