Posts tagged mistake
Written by How to Avoid IRS Penalties and Interest
If you really do owe unpaid taxes, there’s generally not much you can do about the taxes or interest – you’ll have to pay up. However, you can likely get some, if not all, of the penalty and interest decreased. IRS penalties often do not apply when you acted in good faith, based [...]
Re post – Avoid a Tax Audit with these tips
Being audited really isn’t the worst thing in the world if you are totally honest when filing your taxes. Should you be audited and it is found that you have made an honest mistake, don’t panic. You might be penalized with affordable fines or merely told to correct the mistake. The IRS rarely burns those [...]
Filing Status
This is of course could be the greatest misunderstood of filing statuses. Or at least one would think considering how many misuse the claim. Let’s examine so you don’t make this mistake. The IRS defines this as: Head of Household 1. You are unmarried or “considered unmarried” on the last day of the [...]
The joy of budgets
Most people avoid creating a budget and fewer still stick to one. in these times you need one, but it doesn’t have to be painful. If you’re the type of person who always has plenty of cash, knows exactly where every penny goes, and never has trouble paying bills, you need read no [...]
