Wednesday, April 17, 2013
What should you do after your refund check comes? Attorney Leslie H. Tayne shares what's best to do with a lump sum.
It’s that time of year again: tax season. After the time consuming process, you anxiously wait for your tax return. Although you may be inclined to go out and spend the money on a weekend vacation or an item you’ve been dying to purchase, take a second to consider some of these options for spending your return. Pay down debt A tax return is one of the largest lump sums of money you may receive all year. Use it wisely and dedicate a portion (or all of it) to paying down debt. If you have credit card debt, make a lump sum payment towards the bill. If credit card debt isn’t your problem, consider making an extra (13th) payment on your mortgage to lessen the amount you have left. If you are burdened with student loan debt or a personal loan…
Monday, April 15, 2013
Attention tax day procrastinators! Here's what you need to know.
Today is income tax deadline day and all federal and state paper returns must be postmarked April 15. If you are planning on meeting the deadline in Hartland and Brighton, the Post Office in Hartland closes at 5 p.m., while the Post Office in Brighton closes at 7 p.m. And don't forget, according to the federal post office, if an item isn't turned in by closing time, it won't be postmarked for that day. You don't want to start accumulating interest and penalties! For a list of free options to e-file your return go to IRS.gov. If you find you need more time to file your tax returns, you can get an automatic six-month extension from the IRS. Here are five things you need to know about filing an extension, according to IRS.gov. Visit the IRS …
Wednesday, January 23, 2013
The IRS has announced a delayed start to the 2012 tax filing season. Here's the date of when you can file, plus some locations in Brighton to get help on your taxes.
- Deb Belt
Wednesday, January 23
You'll have to wait if you are used to filing your annual tax return at the earliest possible date. The Internal Revenue Service has revised its opening date for tax season -- pushing it eight days to January 30, 2013. The tax filing deadline is Monday, April 15, 2013. The IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date, though some revised forms may not be immediately available. You can blame the delay on the federal "fiscal cliff" crisis and the new tax bill Congress passed just after Dec. 31. You can find more information in this Forbes article. Electronic filing season was originally set to start on Jan. 22 this year. As a result of the delay, nobody will get a refund in …