tax returns: Common Tax Filing Mistakes and Your Tax Refund
- 06/13/12 02:19 AM
Ever file a tax return with a wrong address? Making mistakes when filing your tax return is easy to do, but it may prevent you from getting your refund. There are four common mistakes that people make when filing: 1. Make sure the mailing address on your return is your current one. 2. If you are planning on moving, use your new mailing address on your tax return. If you don’t have a new address yet, open a mailbox account in your new area. 3. Review ALL your information before finalizing your tax returns. Do multiple checks of information. It is … (2 comments)
tax returns: How Long To Keep Your Tax Records
- 05/16/12 01:53 AM
Taxes were due almost one month ago. Your returns and refunds are now records, but how long should you keep them? Eva Rosenberg reminds us that the IRS can come after you up to 10 years after filing, but if you have copies of your returns, checks, and refunds, you are keeping yourself protected. She suggests that you should keep your tax returns forever. But the most important thing? Making copies. Do you have any strategies for keeping your records organized? That adds up to a lot of paperwork. Read the full post here and leave your organization tips! … (2 comments)
tax returns: Should You File Your 2011 Taxes Online?
- 02/16/11 02:28 AM
Which are the best tax-preparation websites and software to use? So what's out there on the Internet? If you want to prepare your tax returns online, you have lots of options for free federal tax-preparation services. State tax returns are not included with these services. Check your state’s website to see if it offers free online filing. Tax expert Eva Rosenberg looks at the three types of free, online tax services:
IRS Free File Fillable Forms. Go directly to the IRS website, set up a login for yourself, and file a tax return with these forms. Free File Alliance (FFA). … (3 comments)
tax returns: Filing Taxes 2011: Should I Do My Own Taxes?
- 02/09/11 02:23 AM
Every year, millions of Americans spend money to have a company or individual prepare their taxes. Many of them hand over the money and think "Could I be doing this myself?" According to my colleague and former CPA firm employee, Eva Rosenberg, the answer in many cases is "yes!" She says that the tax software has developed so that it provides enough guidance to help the average person file their returns. But are you the average person? When trying to determine whether you should do your own taxes, consider how many "special" factors you have in your life: Do you own a business? … (4 comments)
tax returns: 2010 Tax Relief: A Checklist of Tax Benefits For Your 2010 Tax Return
- 02/02/11 05:52 AM
All my Chicago and other Midwestern friends are hunkered down under piles of snow today. It's nice to spend the whole day in bunny slippers, but it's also a chance to get a jump on your taxes! By now, the tax-software companies have had time to update their programs to reflect the last-minute changes brought about by the 2010 Tax Relief Act. This means some changes to your return, and luckily Equifax blogger and tax expert Eva Rosenberg has broken down the tons of new information into a handy checklist. You're entitled to some new deductions this year, which could mean big … (1 comments)
tax returns: Tax Issues For Parents: Coordinate With Your Kids
- 01/12/11 01:38 AM
Personal finance expert Eva Rosenberg has written an excellent blog on how to file taxes for children and dependents, including what to do in circumstances like divorce and newlywed dependents. Here's an excerpt, or click on the previous link for the full blog. A woman I know told me she tried to e-file her tax return, only to have it rejected. Someone had already filed a tax return using her daughter’s Social Security number.No, it wasn’t an ex. Nor was it identity theft. It was nothing bad. Her sixteen-year-old daughter was Internet savvy. Having worked during the year, Sally had received … (4 comments)
tax returns: Six Reasons to Amend Your Tax Return
- 06/16/10 04:04 AM
Have you ever second guessed your tax return? If so, check out these tips from Eva Rosenberg on when and why to amend your return. … (2 comments)
tax returns: Lender Will Require Tax Documentation From You When Buying A First Home
- 02/23/10 10:31 AM
With the change in the real estate market and dropping real estate values, lenders will look at every piece of paper in your loan application. It will seem like it takes forever to get your loan processed and the lender with require more and more documentation. Some people are complaining that the loan application process is taking too long and that lenders have gone way to far in reviewing files. But in this market and from the real estate market we came from, is that bad? One important piece of documentation the lender will require will be copies of filed tax … (1 comments)
tax returns: How Long Should You Keep Tax Records?
- 12/23/09 04:58 AM
How long are you required to keep your tax records? The IRS only requires you to hold onto your tax records for seven years. But a lender might want more. Find out what they are looking for, or consider working with another lender. Even the IRS doesn't require you to keep your tax returns more than 7 years - except if they suspect you of fraud. That's a long way to go back in time and I'm not sure I understand why a lender would want to see write-offs that are that old. (If any lenders reading this column have … (1 comments)
Ever file a tax return with a wrong address? Making mistakes when filing your tax return is easy to do, but it may prevent you from getting your refund. There are four common mistakes that people make when filing:
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