Preparing for Your 2016 Tax Return

Accountant holding large tax return refund

Seems as if the end of the year just slipped by, and that means a lot of things to many different people. There is the joy of the Christmas season filled with gatherings of friends and family. There is also the celebration of ringing in a New Year. But for those who work, the end of 2016 signals something else – filing a tax return. [continue reading…]

Should I Take an Advance on My Tax Refund?

Owe IRS With tax season on the horizon, early filers can apply for a loan based on the amount of their anticipated refund. Caution, however, is the byword. Some of these loans are not what they appear to be.  Several tax preparation services are offering low interest loans , some with attractive finance charges to those filers eligible for tax refunds. [continue reading…]

Tax Write-Offs and Car Title Loans

Money With this year’s tax filing deadline quickly approaching, individuals are searching for viable write-offs to increase the amounts of their refunds or, at the very least, to prevent themselves from paying too much. One of the most-used tax write-offs is the charitable donation. Giving to charity has long been used by everyone from the extremely wealthy to the middle class to gain an advantage come tax time. While you cannot donate now and have it count toward last year’s income tax return, here are some things to consider for 2016. [continue reading…]

Year-End Tax Tips to Maximize Your Refund

Owe IRS The time is upon us. Tax season is in full swing and millions of Americans are looking at how they can avoid paying more than they owe or even looking at how to boost their refunds. There are a number of things that anyone can do to try and reduce their tax liability. Here’s a look. [continue reading…]

What To Do If You Owe The IRS

Owe IRS Nearly 80 percent of all people who file an income tax return receive a refund from the IRS. What happens if you are one of those 20 percent? What if you have overdue taxes that need to be paid? There are some things you can do to prepare and to help you if you do indeed owe the IRS money. [continue reading…]