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Ten Tips for Paying Your Taxes

If you owe taxes with your tax return this year, you should know a few things before you file. Here are 10 tips about how to pay your federal taxes. Never send cash. If you e-file, you can file and pay … Continue reading

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Does your health insurance qualify as Minimum Essential Coverage under the Affordable Care Act?

The Affordable Care Act requires individuals to have qualifying health insurance coverage for each month of the year, have an exemption, or make a shared responsibility payment when filing their federal income tax return next year. Qualifying health insurance coverage, … Continue reading

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The Additional Medicare Tax

Starting in 2013, you may be liable for an Additional Medicare Tax if your income exceeds certain limits. Here are ten tax tips for determining if this tax applies to you, how to report it, and how to pay it: The Additional Medicare … Continue reading

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Amended Tax Returns

Did you discover that you made a mistake after you filed your federal tax return? You can make it right by filing an amended tax return. Here are the top ten things to know about filing an amended tax return. … Continue reading

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Making Estimated Tax Payments

If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re self-employed you normally have to pay your taxes this way. Here are ten … Continue reading

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US Reporting Requirements for Those with Foreign Assets

U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, may have a U.S. tax liability and a filing requirement in 2014. The filing deadline is June 16, … Continue reading

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Options If You Can’t Pay Your Taxes on Time

If you find you owe more than you can pay with your tax return you still have options.  Here are ten things to consider if you can’t pay all your taxes by the due date. File on time.  File on time … Continue reading