Are you a freelance professional? Here are six tax time tips to help you — especially if you are a noob.
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If you didn’t file your tax return in 2010, this is your last chance to do so — and a claim a refund if you have one coming to you. It’s possible to file or amend a return for up to three years.
If it’s past December 31, though, reducing your income through deductions is difficult. You’re usually stuck with the deductions you already have, and the income that you have already reported. There are two ways to get a truly last minute tax break, though.
Not to long ago I sat down with my accountant to prepare my taxes. After looking at my situation and running the numbers, he told me I could save right around $2,000 in taxes by maxing out my HSA contributions.
The mortgage interest deduction is as American as apple pie. But how many taxpayers are truly benefiting? Just the rich? Let's take a look.
If something looks “off,” that return could be audited. CNN Money has identified the following tax audit red flags to avoid:
My work cellphone buzzed with an incoming call the other morning, and as I gazed down upon the display, I could see that the caller ID flashed a local area code and exchange that originated from somewhere nearby in the DC/VA/MD area where I live. I answered the call only to discover that an automated voice in my ear was warning me that I had a critical message from my bank about my credit card.
If you don't owe taxes, you aren't required to file a tax return. Here are a few reasons why you should always file a tax return even if you don't or will not owe taxes.