May 06
Many taxpayers have more taxes withheld from their pay than necessary. You should try to have your income tax withholding match your actual tax liability, especially if you normally get a large refund and you would like more money in your paycheck. If not enough tax is withheld, you will owe tax at the end …
Permanent link to this article: http://www.easttexasreview.com/escape-tax-surprises/
Jul 31
By Jason Alderman If your spouse-to-be is considering postponing the wedding because of fears about the so-called “marriage penalty,” you two probably have bigger issues than whether you’ll have to pay higher taxes as a married couple than when you were single. Having said that, marriage does indeed have many financial ramifications – both good …
Permanent link to this article: http://www.easttexasreview.com/is-the-irs-marriage-penalty-real/
Jul 21
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 …
Permanent link to this article: http://www.easttexasreview.com/personal-financial-change-adjust-withholdings/
Jun 11
Texas Comptroller reminds businesses of upcoming tax amnesty period Texas Comptroller Susan Combs is reminding businesses they can soon begin clearing up their tax records without penalty and interest when the state’s Fresh Start tax amnesty period begans June 12. The tax amnesty covers taxes and fees that were originally due before April 1, 2012. Businesses …
Permanent link to this article: http://www.easttexasreview.com/tax-amnesty-deadline-looms/
Mar 20
Texas Comptroller Susan Combs has announced the opportunity for businesses to clear up their tax records without any penalty. The state’s Fresh Start tax amnesty period is set for June 12 through August 17, 2012. “The amnesty is a chance for businesses to set their tax records straight and save money by not having to …
Permanent link to this article: http://www.easttexasreview.com/tax-amnesty-through-june-17/
Mar 07
The Internal Revenue Service has warned senior citizens and other taxpayers to beware of an emerging federal tax refund scam tempting victims to file tax returns claiming fraudulent refunds. Bogus refund claims have been identified across the nation with significant pockets of activity in at least six states, including California, Georgia, Michigan, Louisiana, Alabama and …
Permanent link to this article: http://www.easttexasreview.com/college-tax-beware-of-bogus-refund-schemes/
Mar 06
By Jason Alderman If you’re worried you won’t be able to pay your income taxes by this year’s April 17 filing date, don’t panic; but don’t ignore the deadline and certainly don’t wait for the IRS to reach out to you first. Acting quickly not only gives you more repayment options, it can also significantly …
Permanent link to this article: http://www.easttexasreview.com/cant-pay-your-taxes-try-these-tips/
Mar 10
Nobody likes being nagged, but I’m going to risk reader displeasure by reminding everyone that there are hefty financial consequences if you owe income taxes and do not file a return on time – or at least request a filing extension. Ordinarily, the federal income tax deadline is April 15; but this year the IRS …
Permanent link to this article: http://www.easttexasreview.com/tax-filing-deadline-looms/