Personal Finance and Lifestyle Guide
One of the biggest questions taxpayers are asking this year is whether or not they have to prove they had health care in 2015. If you haven’t filed your income taxes just yet, you’ll have to understand how the Obamacare tax information works, the form that you have to have and what happens if you […] More
The good news is that taxes are not always a terrible thing for many taxpayers. The bad news is that they are for some; and you still have to file them. They’re not fun to file, they’re not fun to think about, and it’s never fun to receive a letter from the Internal Revenue Service […] More
Tax time is so much fun, said no one ever. No, that’s not true; people who are due a refund love this time of year. In fact, many people due a tax refund know that they can spend that money on anything that they want and have it mentally spent before it even hits the […] More
Filing your income taxes can be a huge headache for many; for everyone, really. While you certainly do not have to be a tax professional to do your own taxes, it is helpful to understand what it is you are being asked for and what it is you are providing to the IRS as far […] More
Your tax forms had to be postmarked no later than January 31, which means they should have already arrived or you can expect them anytime now. That means one thing; it’s tax time. Filing your income taxes might be something you pay a professional tax preparer to do, or it might be something you pay […] More
Ever since the shameful tax events of 2013 when many New Jersey residents who had already filed their tax returns expecting refunds, received letters requesting copies of their W2’s, pay stubs and social security cards to the State Treasury Department for additional review and verification instead, residents have become vigilant in their efforts to keep […] More
According to the Internal Revenue Service (IRS), one of the most commonly asked questions is how to notify the IRS that you have moved. It’s a very simple procedure, but it seems that many people worry that a new address will somehow delay the processing of their income taxes and cause them to wait even […] More
It’s tax time, and that means it’s time to take note of the important tax changes that are now in effect for 2016 (and the 2015 tax year). The IRS likes to make changes to their tax tables on a regular basis – because nothing is more confusing than constantly learning more about taxes – […] More
At the risk of sounding slightly bitter, it’s tax time. For those expecting money deposited into their bank accounts after filing their 2015 income tax returns, it’s a nice time of year. For anyone depositing their money into the IRS’ bank account, however, a root canal sounds like fun. Either way, lowering your tax liability […] More
Now that the year end is almost here, many taxpayers are scrambling to find a way to lower their tax liability; one way is through making Health Savings Account Contributions. It’s an often over-looked manner of lowering your tax liability, but it can be a tremendous help when it comes to ensuring you get what […] More
With tax season upon us, many people are curious as to what the failure to file taxes penalty is. You see, while most of us (un)happily file our income taxes at the beginning of each year, many taxpayers fail to do so, and it means bad things. No; not always truthful. Sometimes the IRS doesn’t […] More
Standing in line at the store the other day – a big one with a red circle as a mascot – I overheard the woman in line in front of me complaining that she shouldn’t have to wait until January to file her 2015 taxes because she always gets $8,000 back and that would be […] More