by Deborah Ritz I have worked for the same person all year and would like to file my return as soon as possible, but I haven’t received any paperwork telling me how much I earned working for them. Is there any way I can file now instead of waiting? It appears you have been working as […]
by Deborah Ritz How soon can I file my income tax return? As soon as you receive the information you need to file (W-2, Unemployment 1099G, bank interest, etc.) you may fill out both the federal and state income tax forms and mail them in. However for electronic filings the IRS announced plans to open […]
By Deborah Ritz I retired last year, and started receiving social security payments. Do I have to pay taxes on my social security benefits? Social security benefits include monthly retirement, survivor, and disability benefits. They do not include supplemental security income (SSI) payments, which are not taxable.
What are the Filing Deadlines for Tax Year 2013? In order to meet the filing deadline for tax year 2013, income tax returns must be properly transmitted and acknowledged or addressed, mailed and postmarked by Tuesday, April 15, 2014. Returns calculated with refunds can be filed up to three years after the official filing date […]
In order to meet the filing deadline for tax year 2012, income tax returns must be properly transmitted or addressed, mailed and postmarked by Monday, April 15, 2013. Returns calculated with refunds can be filed up to three years after the official filing date of the return in question. Using that information, the final date […]
Is my Scholarship considered income and subject to income taxes? What you use your scholarship money for may determine whether you pay taxes on it. A scholarship or fellowship is tax-free if: • You are a full-time or part-time candidate for a degree at a primary, secondary or accredited post-secondary institution. • The award covers […]
What’s the deal with trusts, revocable and irrevocable? What are the Filing Requirements for Revocable and Irrevocable Trusts? My parents established a revocable trust years ago and the income in the trust was always added to their personal income tax, even after my mother died. My father converted the trust to an irrevocable trust in […]