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Tax Changes to Expect in 2013

Whenever a year draws to a close, taxpayers normally anticipate changes in the tax code and how they are affected by such changes. The 2013 gift and estate taxes are projected to slip back to their...

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Common Tax Myths and the True Facts about Them

Taxpayers are likely to cling to any myth that promising and likely to lower their tax bills. In fact, many are quick to believe whatever they are told by friends, family, or even what they read on...

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If You Owe the IRS Taxes, You Could Lose Your Passport

Do you have travel plans this holiday season? Are you planning on going overseas or across borders? Other than the bothersome airport taxes for travelling to international destinations, it might...

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The History and Story Behind the April 15th Tax Date

The annual tax filing deadline has always been April 15th, at least for as long as most current taxpayers can remember. But whenever this date falls on either a Saturday, Sunday, or a federal holiday,...

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2013 Retirement Saving Plans Adjustments

It is officially the first day of the new year and 2013 has finally arrived. With this new year, some adjustements were made by the IRS, in particular, to retirement taxes. Many baby boomers worry...

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Understanding the IRS Statute of Limitations

There are numerous tax offenses that taxpayers commit every year. Even though some may be committed unconsciously, most of these crimes are perpetrates on purpose, aimed at lowering the tax burden....

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The Revised ITIN Application Procedures

In their efforts to make tax filing safer, faster, and more convenient, the IRS has recently updated its procedures to strengthen the requirements for the Individual Taxpayer Identification Number...

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The Complexity of the Tax Law and Your Tax Deductions

The tax code is bulky and complicated. The many rules are technical and always intricate. You may assume that you have mastered a certain part of the tax law, only to realize that there is a smartly...

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Get Free IRS Tax Information by Connecting with the IRS on Social Media

Are you connected with Uncle Sam on social media? Well, some taxpayers are uncomfortable with the idea of following or liking the IRS’s Facebook and Twitter pages or even watching their YouTube...

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Five Ways to Know Whether to Pay Online Sales Tax or Not

It is usually confusing to establish whether to pay online sales tax or not. You will definitely know after receiving a confirmation email from the online company, long after the cost of the product...

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