With e-file now open, Lisa Greene-Lewis, CPA and TurboTax tax expert, discusses why it is a good idea to file your taxes now.
file now, but if you owe money, wait as long as possible. And since you don’t know until you do your taxes, you might as well wait” The problem with that line of thinking is, doing and filing taxes doesnotequal paying them. In fact, the IRS doesn’t require taxpayers to pay th...
Filing early gives you time to save up to pay money that you may owe to the IRS. Remember, you don’t have to pay your taxes until the filing deadline. If you wait too long to get started, you may discover that you owe more than you expected. That could put a real crimp in you...
Filing early gives you time to save up to pay money that you may owe to the IRS. Remember, you don’t have to pay your taxes until the filing deadline. If you wait too long to get started, you may discover that you owe more than you expected. That could put a real crimp in you...
More time to devise a payment plan (if you owe money) Most Americans get a tax refund, because most workers pay their income taxes every two weeks through automatic federal and state withholding from their paycheck. However, you could get hit with a tax bill if you haven’t updated your ...
Also, keep in mind that you’ll owe taxes on the bonuses earned. You should receive a 1099-MISC tax form from your bank at the end of the year. 5. Keep your money insured One of the things that makes a savings account one of the best places to store extra cash is insurance from ...
Since the IRS can’t process and disburse your refund until you’ve submitted your tax return, you’ll have to wait on any refund that may be coming your way if filing an extension. So, if you expect to receive a refund this year rather than owe taxes, you may ...
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1. Why would public service organizations need to measure income? 2. What are the possible types of interfund transactions? Why is political crime growing, and why do corruption, racism, and discrimination still exist in organisations? Why does the publ...
Sometimes, it is(5)for the company to go public for tax reasons. Because of the tax(6), the company may save money on taxes by selling shares on the stock exchange. Sometimes, a company may owe a lot of money(7) banks. By selling shares of stock, it may be able to pay the ...