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Price drop on Turbo Tax
Last week Amazon had the software package I use on sale – H&R Block at Home. This week it is Turbo Tax’s turn to be on sale. For all of you Turbo Tax fans who have not yet purchased your 2009 software, you may want to take advantage of this deal (on sale, free shipping, & sales tax free depending on your state). I found a $10.00 rebate (link below) which can bring the cost of this down a bit further.
– Intuit $10 Rebate for Turbo Tax
– TurboTax Deluxe Federal + State 2009 + efile
Labels: Taxes
How to Avoid a Tax Audit
The tax man cometh… Tax season is well underway. I know, I’ve already called my tax professional to set up a time for me to come in and have a little chat about how things are going, taxwise. And, of course, to fill out my tax return. For many, this time of year also means increased worries about the possibility of an audit. While random chance plays its role in tax audits (sometimes there is just no way to avoid some sort of an audit — no matter what you do), there are some red flags that may prompt a closer review of your paperwork.
Here are some tips for avoiding a tax audit:
Make less than $100,000 a year
Because people making more than $100,000 a year account for more than 60% of the taxes paid in this country, the IRS is very interested in looking for tax avoiders in this category. As a result, if you make six figures, you are automatically in the running for a tax audit. Of co
Potential Tax Changes on the Horizon
While we don’t yet know just how much taxes are expected to increase with Democrats controlling Capitol Hill and President Obama in the White House, it’s safe to say that no one is expecting anything in the way of tax cuts over the next few years. Massive government spending combined with lower income tax revenue due to high unemployment and low wages makes raising taxes a necessity at some point and 2010 could be the year where some of these changes take place.
Some of the taxes that have been proposed and are being debated will affect almost everyone while others target specific industries or groups of taxpayers. None of these taxes have been written into the tax code just yet, but there’s a good chance that at least some will find their way into law over the next couple of years.
Tax Banker Bonuses: Bank CEO’s spent last Thursday on Capitol Hill being grilled by lawmakers about how they could have possibly mismanaged themselves so badly during the financial crisis. Ironica