Blogs

Tax Amendment - Income tax preparation services you can trust

Tax amendmentYou sign your Form 1040, seal it up in an envelope and send it off to the Internal Revenue Service two weeks before April 17. You watch all your fellow taxpayers panic as April 17 arrives. Then everything is quiet on April 18. Another tax season has come and gone. The only reminder will be that nice refund check that will arrive in your mailbox one sunny afternoon.

But then, on April 29, you're shuffling through your file cabinet when you come across a W2 you don't recognize. It's a statement of wages from the old job you still had at the beginning of the year. You'd forgotten about that job and the W2 from the employer. You realize you didn't report this income on your Form 1040.

Daily Tax Tips January 2012

 


Image

Welcome to Tax Season 2012.

With the arrival of the annual march to the tax filing deadline, Don't Mess With Taxesresumes the popular Daily Tax Tip feature.

Just like last year, you'll find a tip a day -- Saturdays,  Sundays and federal holidays, too; that that you slackers at the IRS! -- to help you finish up your 2011 tax return or implement some tax planning strategies to reduce your 2012 tax bill.

The tips will run through year's filing deadline of April 17.

Many of the tips will be courtesy of Bank rate's annual tax guide, of which I'm a contributing editor. Others will be new posts from me as I don my DMWT hat.

Watch for the day's new tip in the upper right corner of the ol' blog. I'll try to get it up as early in the day as my other duties and life's constant happenings allow.

 

Since there ultimately will be 100 tips -- thank you Leap Year for getting us to a nice round number -- the tips will be broken up into separate pages for each month. At the end of this January list, you'll find links to tips for February, March and April (through, as I mentioned, the April 17 tax-filing deadline) as those months arrive.

NEW! NEW ! ONLINE TAX HELP!

Use the popup at the bottom page to contact us... We will be glad to help you with your taxes.

Our rates are very competitive and our services will save you money and get you a fast return!

How Income tax works

When you get your paycheck at the end of the first pay period at a new job, it's always interesting to see your net pay. Most of us expect more than we get. By the time you get your check, it has been cut up like a pizza, with several entities taking a piece of the pie. The entities that take money differ from person to person, company to company and state to state. However, almost every income earner has to payfederal income tax.

Income tax wages

 

We generally don't think much about taxes except during the annual tax season. It's probably the most dreaded time of the year for millions of Americans, yet we circle it on our calendars along with holidays and birthdays.

But little joy is connected to April 15, which is the deadline for filing tax forms. (This deadline doesn't always fall on the 15th. For example, in 2006, April 15 fell on a Saturday, so Americans got an automatic two-day extension on tax-filing.)

Website with Brains - WDZfx