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The 2011 Income Tax Deadline is April 18th!

The income tax deadline this year is April 18th.
You can still file your tax return now.

If you’ve filed recently, are expecting a refund, and are wondering where is my tax refund, you can get a quick read on its whereabouts by using the Where’s My Refund online tool. The IRS Refund Cycle Chart may also prove helpful.

Late filers and procrastinators, you have a week left as of today. This should be enough time to collect your papers, organize them, and get it done, especially if you have a simple return with a single source of income and are opting for straightforward deductions and credits. As such, we urge you to file electronically: it’s fast, easy, safe, and inexpensive. You can get started right here.

If your return is more complicated, for example if you itemize your deductions, it is still not too late in the 2011 Tax season to get going. Remember that even if you choose to file an extension to file your taxes at a later time you will still have to furnish the IRS with an estimate of your tax obligation. So, it’s advisable to get an idea of where you stand tax wise. Continue reading “The 2011 Income Tax Deadline is April 18th!”

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The Dread Tax Audit: Triggers and Tips –
Our series is now complete.

Our recent series of articles, on how an IRS audit of your Federal tax return is triggered, has now been completed. You may now peruse all three installments for a complete view of the audit risks you may be unaware of, the best practices to comply with IRS regulations, and methods to document your finances properly and prevent the IRS from casting undue suspicion on your tax return. Continue reading “The Dread Tax Audit: Triggers and Tips –
Our series is now complete.”

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The Dread Tax Audit: Triggers and Tips
Part 3: Deduction Triggers

Tax Audit Triggers & Tips:
Part 1: Audit Rules – Part 2: Income & Credit Triggers – Part 3: Deduction Triggers

Welcome to the third and final part of our series on how to avoid an IRS audit. In our first part, we gave you a basic outline of how IRS audits happen. Last time, we showed you how the income you report and credits you claim can make the IRS suspicious. In today’s article, we’re explaining how the deductions you claim can lead to an audit. Read on, and find out how and why the IRS moves your tax return to the top of the audit stack, and what you can do to avoid getting audited. Continue reading “The Dread Tax Audit: Triggers and Tips
Part 3: Deduction Triggers”