Tag: IRS

When Do Non-Citizens Pay U.S. Taxes? [INFOGRAPHIC]

If someone isn’t a U.S. citizen, they may be classified in three different ways under immigration law: An immigrant A nonimmigrant An undocumented immigrant But when it comes to tax time, the IRS is only concerned about whether they are a resident alien or nonresident alien. Resident aliens are taxed in the same manner as […]

Deadline Looming: What if You Aren’t Ready for Tax Day

There are 21 days left to file your 2014 tax return on time – but who’s counting? OK, we are. And you probably should be, too. There are some pretty stiff penalties if you are required to file a tax return and don’t take any action before April 15. Leer en español. There is good […]

Dólares que pueden desaparecer: Reclama tu reembolso de 2011 sin falta

¿Presentaste una declaración de impuestos para 2011? (Se debía presentar el 15 de abril de 2012.) No te preocupes; no estamos aquí para meterte en ningún problema. Lo que realmente queremos es que se te reembolse tu dinero. Read in English. El IRS tiene $1000 millones en reembolsos (enlace en inglés) a la espera de aproximadamente […]

Tax Question, Answered: Trucking Deductions

Ed note: Our experts at the Tax Institute answer questions from clients and other tax professionals all day long during tax season. They were the perfect people to turn to for information on a topic that frequently comes up from our clients on Facebook – what tax benefits exist for truckers? Question: I’m a truck […]

Getting Everything You Deserve With Second Look

Congratulations on filing your 2014 tax return! Now, are you sure you got back the whole refund you were entitled to? Leer en español. Not getting your full refund isn’t as crazy as you might think. There are several common mistakes that frequently come up. Let’s see if any apply to you. Wrong Filing Status […]

Making the Most of Paying Taxes

Ed note: If you owe back taxes to the federal government, you hopefully know that the IRS offers several options when it comes to paying them. Here, we’ll dig into paying back taxes with a credit card with Jason Steele. It may surprise you to learn that there are some benefits to using this method. […]

How Can you Pay, if you Owe Back Taxes

Ed note: If you finished preparing your tax return only to discover that you OWE the government a large sum of money you might be upset or worried about how to pay the amount. You need to know that there are options available to you. Mike Slack, from The Tax Institute, explains. Leer en español. The […]

Taxing Police Officer Off-Duty Security Income

Ed note: We are always talking to the Tax Institute about the most common tax questions they get. This one is toward the top of the list. Many law enforcement officers choose to provide security services to private businesses while they are off-duty. The question that often arises is how is this type of income […]

It’s Not Personal, It’s Business! Why You Need Separate Finances

Ed note: Financial management can be a pain when it comes to just your personal accounts. Now imagine mixing up your business expenses with your every day spending. It’s a recipe for a headache, especially at tax time. Here are some of the most important reasons you need to set up separate systems for success. […]

Disappearing Dollars: Claim Your 2011 Refund ASAP

Did you file a tax return for 2011? (It was due April 15, 2012.) Don’t worry; we aren’t here to get you into any trouble. In fact, we just want to help get your money back. Leer en español. The IRS has $1 billion in refunds waiting for an estimated 1 million taxpayers who didn’t […]