Welcome to our Guides and Tips

Are you looking for the best program to do you taxes with this year? Check out our reviews section. Do you want to file taxes the old fashioned way? We'll guide you step by step through all the top tax forms, 1040EZ, 1040A and 1040. Need to find out more about the latest IRS laws and how they might help lower your tax bill this year? Take at the articles written by our team of experts.

Tax Articles

Filing 2016 Taxes Online

It is tax season again. And whether you’re a veteran tax filer or brand new to the income world, tax time can be challenging. But, there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and far less stressful. Information below will help you determine your residency status, find the correct forms you need and give you other information you need to get started.

Filing Taxes Online

It is tax season again. And whether you’re a veteran tax filer or brand new to the income world, tax time can be challenging. But, there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and far less stressful. Information below will help you determine your residency status, find the correct forms you need and give you other information you need to get started.

Tax Filing For Low Income

It is tax season again. And whether you’re a veteran tax filer or brand new to the income world, tax time can be challenging. But, there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and far less stressful. Information below will help you determine your residency status, find the correct forms you need and give you other information you need to get started.

Filing Late Taxes Online

It is tax season again. And whether you’re a veteran tax filer or brand new to the income world, tax time can be challenging. But, there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and far less stressful. Information below will help you determine your residency status, find the correct forms you need and give you other information you need to get started.

Three Ways To Do Your Taxes

You have three ways to file a federal or state return: with pen and paper, through a tax professional, or using online tax software.

Tax Filing for Small Business Owners

Do you own a small business? Do you work for yourself or hire others? Shop owners, Internet SEO consultants, dog walkers, massage therapists, and independent tutors are just some people who fill out special forms for their tax returns. You may need to fill out Schedule C, Form 2106, 1099-MISC, and/or Form 8829.

The AARP TaxAide Program: Providing Free Tax Help to Millions

The AARP Foundation TaxAide program is similar to the Internal Revenue Services’ VITA program. It’s volunteer-based and aimed to help low-to-middle income people file taxes. The volunteers are instructed to look for the best deductions to get the maximum refund for the client. At worst, the client should pay in the least possible amount.

IRS VITA Program: Filing Your Taxes for Free with Live Support

The Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) program is designed to help low-income individuals and families with their taxes. This program is funded by the IRS, not run by it. Third party organizations are given a grant to assist people with their taxes for free. These organizations are required to provide quality service and report to the IRS.

The Basics of FreeFile

FreeFile is online tax preparation software. It’s used to file federal taxes and, like the name says, it’s totally free. The website and software is not maintained by the IRS; instead, the IRS partners with commercial tax preparers. The ultimate goal is to encourage American citizens to file their taxes on time by removing the stress and cost.

Free File Fillable Forms

Free File Fillable Forms are relatively new tax forms. Since the 1800s, American citizens have filed taxes using paper forms. In 2003, a task force from the United States Office of Management and Budget created the Free File program. The forms they had designed are very similar to the forms you’ve filed in the past, but in electronic form.

Filing Last Year’s Taxes Today

“It’s never too late to file taxes.” Believe it or not, that’s a quote straight from the Internal Revenue Service. The IRS isn’t going to throw you in jail for being months or even a few years late. If you owe money, they want it, and they’re willing to wait for you to earn it first. Here’s the catch, though; they want you to make a genuine effort. This means filing as soon as possible and creating a payment plan.

IRS eFile - the easy way to file taxes

It's easy, accurate and fast. So why would you file your taxes any other way?

Old fashioned paper tax forms have been around for decades, but it might be time for them to go the way of the dodo. Who wants to wait for weeks to get their check in the mail when you can just efile your tax return electronically with the IRS and start enjoying your refund in as little as 7 days.

If you consider the money the IRS holds on to while you wait for your refund as an interest free loan, then you’ll realize that you are losing money. No one other than the IRS can get an interest free loan and that doesn’t seem fair, does it?

Enter the internet age. Commercial companies have been moving online for years now - when was the last time you've mailed a check or received a paper statement from your bank? Now, even the government sites are starting to get with the program and are offering quick and easy efile to everyone. Here are a few reasons why I switched to efile; maybe it’s time you do to!

Higher Education Tax Breaks

College is not getting any cheaper, but at least it has an upside. Credits and deductions related to education can decrease your tax bill by a few thousand dollars. Studies show that the cost of higher education continues to rise, despite a very low inflation rate. Parents and students should know that they can take advantage of several tax benefits in order to greatly reduce their education bills. Read on to get all the necessary details.

A Big Applause for First Time Homebuyers, and Up to $8,000 in Tax Credits

Your first home gets a well deserved place in your personal hall of fame, right next to your first love. Owning that little spot makes you feel like nothing else in the whole world. However, an additional plus-side is on the way. It is called the First time Homebuyer Credit and it comes courtesy of the IRS.

Think Green? Think Tax Credits

Saving on the energy bill sounds good to any American who cares about a healthy personal budget. It’s also something great for those who worry about the environment. Uncle Sam is eager to give you some credit if you’re on the environment’s side and want to save some energy. And by credit we mean tax credit. Interested? Let’s get started.

Educators, Prepare your Pencils for Tax Deductions

If you’re an educator you know maybe a little too well that it requires a great deal of energy and dedication. But these are often not enough; you also have to bring in your own money to pay for educational resources, like books or other supplies.

Parenting is Tough Enough. You Deserve Some (Tax) Credit for It!

Raising children is a job in itself and nobody knows this better than parents. But having children does not mean only spend, spend, spend. No wonder it comes as a deserved relief when Uncle Sam is willing to pay something back for your effort. Make sure you are not only a loving parent, but a well-informed one too. Read on to find out about your options for decreasing your taxes if you have children.

Your Last Chance to Make an Easy $400

It’s true that 2009 was the Making Work Pay Credit’s last year, but that doesn’t mean you should forget about claiming it on your tax return (due on April 18, 2010). The credit is really easy to claim and it goes up to $400 ($800 if married filing jointly) but several requirements apply. Read on to see if you qualify and how big your credit actually is.

Interest Deduction - The Bright Side of Having a Home Mortgage

Buying a home is not cheap, even considering the real estate bubble that burst and hit America hard. But if you think about mortgages as a necessary evil, then the loan interest deduction is a kind of guardian angel. Taxpayers can generally claim a deduction on their home mortgage interest, lowering the burden on their loan. In this short guide we are going to clarify the available options to do that.

How to Claim the Earned Income Tax Credit

One of the most popular tax credits in U.S., the Earned Income Tax Credit (EITC), is designed to leave some extra money in the pockets of regular Americans with low to middling incomes. There are however quite a few limitations, so we suggest you read our detailed guide below. It’s worth it. The credit can go from a few hundred to a few thousand dollars.

Report for Duty, Report for Taxes

Army, Navy, Marines, Air Force and National Guard – are you ready? Tax filing time is near! Uncle Sam is grateful for your service, so he has a few extra benefits for you on your taxes this year. Just read through our comprehensive guide and take well-deserved advantage of your armed forces position when it comes to taxes. Don’t worry; we know the military world is not perfect. We’ll let you know about any possible downsides of being a military taxpayer, as well.

Charity: The Gift that Gives Back

With all of the disasters, poverty and sickness in the world, Americans donate more than any other nation in the world to charity. Even in these economically uncertain times, individual Americans continue to dig deep into their wallets and find a few extra dollars for charity. But did you know that those donations are tax deductible?

How Do Retirement Plans and Taxes Get Along? Not Bad, Really

Most working Joes and Janes in America have two big worries when it comes to money: taxes and retirement savings. You can’t escape paying taxes, but many young people forget another simple truth: you can’t escape becoming older either.

Save on Your Investment Profits! New 2011 Tax Breaks

Nobody knows better than you how difficult it is to keep your investment portfolio on the right track. Taxes are an important part of this battle and knowing your options is an essential weapon to maximize your profit. Let’s take a look at updated information on several important topics. These tips can help you make more money in the current fiscal year by saving you money on your taxes.

New 2011 Tax Regulations to Relieve Your Low-Income Budget

There’s a crisis out there, everywhere. Many of the biggest economies in the world are struggling, so no wonder your own budget is strapped. One thing, however, that’s up to you is staying informed about the latest tax laws, credits and deductions. You don’t want to waste any opportunities to cash in on any funds that Uncle Sam is willing to give away.

Federal Tax Law Changes: 2010-2017

Many changes in federal tax laws could change your tax bill in 2016 and the years to come.

Family Budget Tight? 2011 Credits and Deductions That Can Help You Save

Tax regulations change frequently, so you should make sure you’re up-to-date on the latest information. Informed people are powerful people, right? So let’s have a quick look at some important things that can help your family budget stay on track.

The Upsetting Percentage: What’s Your 2011 IRS Tax Bracket?

Find out what rate applies to your taxable income and get prepared for Uncle Sam’s tax visit.

The TAS is there for you!

The Taxpayer Advocate Service is a self-sufficient part of the IRS, wholly there to assist taxpayers when necessary. Because the TAS is in no way managed by the IRS, they have the unique opportunity to lend a hand to you when you need one. If you’ve got the IRS blues, give the TAS a try. Thousands of people just like you are helped annually.

Late on Tax Filing or Payments? A Penalty’s Waiting

If you do not file your tax return on time, you are subject to a late filing penalty that can go as high as 47.5% of the unpaid tax.

10 Ways for the Suddenly Unemployed to Save on Taxes

Losing your job unexpectedly may get you some help on your income taxes.

Pay Your Taxes on Time – Dates and Deadlines

Save time, stress and penalties by filing on time.

Small Businesses and Individuals are Getting a Break from Uncle Sam

New legislation is helping business owners and individuals keep their businesses alive.

Give Your Money Away and Save on Taxes

If you’re feeling generous and have enough to spare this year, give your friends and relatives some money. But make sure you find out if you have to pay the federal gift tax!

E-Filing: The Easiest Way to Do Your Taxes

Faster, easier, less stressful all around. Are you e-filing yet?

How to get the IRS off your back

Read a step by step guide on how to step out of the most uncomfortable scenario of all: having the IRS pursuing you for taxes you still owe.

It Pays to Plan Ahead When it Comes to Taxes

Guesstimate your taxes before their due and save money at filing time

Who Needs to File a Tax Return?

It may not be necessary for you to file a tax return, but you can’t get any money back if you don’t.

Filing an IRS Tax Extension

Failure to file your income tax return when it is due can be a costly mistake. It includes a fine of up to 5% of your liability, per month. However, did you know that you can get a 6 month extension to prepare your taxes? Just file a federal tax extension and voila! You just got six more months to get the funds together to pay that tax bill. Sounds super easy, why isn’t everyone doing it?

Well, the IRS doesn’t always say what they mean and mean what they say. You’ve seen their forms and instructions. It’s almost like they’re trying their very best to trip you up.

5 Great Tips for Cutting Your Taxes

Why pay more when there are legal ways to pay less?

Getting Divorced? Keep an Eye on Your Taxes!

Divorce can complicate your taxes; this article will help untangle things.

Credits and Deductions – 9 Ways to Keep Their Hands Off Your Money

Helpful tips to lower your taxes and save you money

Which 1040 Form Am I Supposed to File?

The most important step in filing your taxes is making sure you’re filing the right forms. This article will give you the information you need to choose the right form for you.

Alternative Minimum Credit – Is it for You?

Find out more about the AMT

Accountants – Helpful or Harmful?

Accountants may keep you in the dark on some important tax issues.