Tag Archive: IRS

Jul 21

Personal financial change: adjust withholdings

According to Clay Sanford, IRS spokesman one should try to have their income tax withholding match actual tax liability. If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. If too much tax is withheld, you will lose the use …

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Permanent link to this article: http://www.easttexasreview.com/personal-financial-change-adjust-withholdings/

Jul 21

Shameless tax loopholes

Sen. Lindsey Graham says tax-avoiding gimmicks are “American.” By William A. Collins Don’t just hang Your head and moan, Buy a loophole Of your own. One intriguing aspect of today’s taxation debate is that it’s so shameless. Republican leaders aren’t embarrassed in the slightest to shill for the rich. Consider this gem from Sen. Lindsey …

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Permanent link to this article: http://www.easttexasreview.com/shameless-tax-loopholes/

Jun 18

‘Innocent Spouse Relief’ protects against tax fraud

By Jason Alderman I’ll wager that when most brides and grooms utter the phrase, “For better or for worse,” the “worse” they’re imagining probably involves situations like getting laid off or a prolonged family illness – not being the victim of tax fraud perpetrated by a current or former spouse. Married couples typically file joint …

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Permanent link to this article: http://www.easttexasreview.com/innocent-spouse-relief-protects-against-tax-fraud/

May 21

Applying for financial aid

IRS system helps with college application process By Clay Sanford/Special to ETR   College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. “The Internal Revenue Service is helping minimize the …

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Permanent link to this article: http://www.easttexasreview.com/applying-for-finacial-aid/

May 15

Paperwork after tax filing season

Now that the tax filing season has come and gone, you may be wondering how long to keep records and what records to keep.  Keeping necessary records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. “Normally, …

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Permanent link to this article: http://www.easttexasreview.com/paperwork-after-tax-filing-season/

Apr 17

Should you adjust your tax withholding?

By Jason Alderman Now that tax day has passed, chances are you’re either waiting patiently for your 2011 tax refund to arrive, it’s already been spent, or you just wrote the U.S. Treasury a check and are in budget-cutting mode. It’s difficult to calculate exactly how much you’ll owe in taxes unless your income and …

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Permanent link to this article: http://www.easttexasreview.com/should-you-adjust-your-tax-withholding/

Apr 10

Knowing which financial records to save, toss

By Jason Alderman If the memory of hours spent hunting for and organizing paperwork to file your taxes is still fresh, think about doing some financial spring cleaning so next year’s tax preparation won’t be such an ordeal. Many people hold onto mounds of receipts and account statements because they’re not sure when it’s safe …

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Permanent link to this article: http://www.easttexasreview.com/knowing-which-financial-records-to-save-toss/

Apr 10

Fast tips for last-minute filers

If you haven’t filed your taxes yet, you still have options. First, you can electronically prepare and file your tax return. In most cases, you can do so for free by going to IRS.gov and clicking on the blue and green Free File icon. “If you owe taxes, you can e-file now and pay later …

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Permanent link to this article: http://www.easttexasreview.com/fast-tips-for-last-minute-filers/

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