Tax changes of 2011 to note!

Tax season is nearly over for the 2011 tax year: just about 10 days remain until Tax Day (remember that you have until April 17, 2012, to file your 2011 individual federal income tax return). If you haven’t yet filed, here’s your chance to get caught up on what was new for the 2011 tax […]

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11 things your tax pro would not like to hear from you this April

Tax Day is fast approaching, and tax professionals all over are rushing to get their returns ready to be filed on time. If you are a tax client, then sample a few of the things your tax professional would not want to hear from you until the tax scramble is done with. From the bottom […]

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Questions for your tax preparer

Here is that time of the year when you are into deep thinking about taxes, and the right questions you must ask your tax preparer. Take out some quality time to spend with your preparer or chalk out some questions for them while sending them your return. What kind of tax questions should you ask? […]

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Penalty for under payment of estimated tax

The United Statesincome tax is a pay-as-you-go tax, which means that tax must be paid as you earn or receive your income during the year. You can either do this through withholding or by making estimated tax payments. If you do not pay your tax through withholding, or do not pay enough tax that way, […]

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Into farming? Some key tax tips from IRS

You are in the business of farming if you cultivate, operate or manage a farm for profit, either as an owner or a tenant. A farm includes livestock, dairy, poultry, fish, fruit and truck farms. It also includes plantations, ranches, ranges and orchards. The IRS has 10 key points for farmers regarding federal income taxes. […]

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