Quarterly dividend checks adding up to 24 cents, an account with $1.19 in earned interest: Do you really have to report these tiny sums on a tax return?
The terms “tax rate” and “tax bracket” are not interchangeable. These commonly used tax terms have been in the news a lot lately, but many don’t understand the differences between them. “Tax brackets aren’t the most talked about brackets when March Madness starts, but year round they are widely confused with tax rates,” said Gil [...]
Today marks the “official” start of the 2012 tax season as the Internal Revenue Service begins accepting electronically filed tax returns. For those of you out there that are “old school” and still file your returns the old fashioned way, on paper, you’re a dying breed. The growth in e-file is huge and continues its [...]
Teresa L. Clark Nearly 100,000 taxpayers haven’t received their 2010 refund check from the IRS due to mailing address errors. The IRS announced last week that the average amount of these checks is $1,547, which most would agree is a tidy sum. Not getting your refund is bad and avoidable, as is not claiming all [...]
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