The Internal Revenue Service has taken on a gentler demeanor in recent years, but let's face it: The IRS still wants you to pay what you owe, and to pay it on time. This year, on time means April 18, due to a calendar quirk involving the District of Columbia's celebration of Emancipation Day. State deadlines may vary. Here are nine tips that tax experts (and the friendly Internal Revenue Service itself) offer to help keep you from getting audited, owing a penalty, paying more than you really owe, or having to file an amended return because of a mistake:
Intuit has halted the transmission of all state e-filing tax returns through its TurboTax software on worries of rampant fraud. Intuit said that the company and some states have noticed an increase in 'suspicious filings' with TurboTax and attempts by to use stolen information to file fake state tax returns
Intuit changed its tax return software this year, requiring Turbo Tax deluxe customers to pay to access certain forms. After the Turbo Tax backlash, Intuit is now trying to make good.
The IRS chief is warning of a poor tax season, with delayed refunds and long waits for customer service help likely after budget cuts. But could the income tax system and the IRS be overhauled to work for everyone?
A poll, taken in the midst of tax season, finds that 58 percent of those surveyed think filling out their tax forms is “easy.” Only 38 percent say it is “hard.” Here's the catch: more people are filing their taxes with the help of a professional service.
As issues with the HealthCare.gov website continue to arise, people need a better way to buy insurance. Health insurance purchases should be part of filing tax returns, Gleckman explains.
TurboTax has an offer that lets you accept your tax refund in the form of an Amazon gift card. Should you do it?
Investment taxes can be complicated, Hamm writes, but there are a few rules you can follow to make things easier for you.
The new rules for reporting capital gains is a laudable aim, but the IRS faces a number of challenges to make this initiative work.
Our current insanely complex tax rules are made possible by technology. Yes, computer software makes filing easier, but that may be the problem.
People could opt for flat tax rate of 20 percent or stick with the current tax system. The Rick Perry plan offers choice, but people might need to do two calculations to tell which is best, some say.