Tax time can be very stressful and not just for the people preparing the returns. Positive coping mechanisms are one method that people use to deal with the increased tax time stress. According to the Mayo Clinic, stress can effect you in the following ways: Headaches, muscle tension […]Read more
From being too charitable to claiming the home office deduction, beware these tax audit red flags.
1. You’re very charitable.
Be careful not to overstate your good deeds. The IRS has calculated the average donation level for each income range, so anything that […]Read more
File your annual information returns with the IRS. Your organization must file a Form 990, 990-EZ, or 990-N, depending on its gross receipts and total assets. A few organizations, for example churches, do not have a filing requirement. For details on which organizations must […]Read more
Source: 401 (k) 2013, Flickr.
Every year, tens of billions of dollars worth of unclaimed tax refunds and other financial assets languish in government coffers.
In addition to unclaimed tax refunds, state governments are holding onto nearly $42 billion worth of unclaimed property (uncashed paychecks, insurance payouts, unused […]