Category Archives: Tax Law

The Government Shutdown Will Delay The Start Of The January Tax Season

Delay The Start Of The January Tax Season

The government shutdown will have an effect on the tax season in 2014. There could be a one to two week delay on filling your 2013 tax return forms as a direct result of the government shut down in 2013.

The IRS lost sixteen days of work during the shutdown which came at a time when the IRS is typically very busy preparing for the upcoming rush of the tax season in January. Loosing nearly three weeks of work in the fall, is very difficult to make up before January.

Day 093/365 - Tax Time Phat Cash!

Day 093/365

Read more at 2011 Taxes.

Tax Carnival Ecstasy – July 30, 2013

Cover of Book, The Art of Investing in America.

Cover of Book, The Art of Investing in America. (Photo credit: Wikipedia)

Welcome to the July 30, 2013 edition of Tax Carnival Ecstasy. We start this edition with some short term financial goals by Viveka on the blog ‘My Journey to Millions’. John Schmoll takes a look at investing in the stock market and the level of difficulty that you face when you invest for retirement. And finally Bill Smith looks at annuities as investments and the tax implications of investing in them. Hope you like all the articles, bookmark our carnival, like on Facebook, tweet the link and … Read more at 2011 Taxes.

IRS Apologizes To Conservative Groups

IRS Apologizes To Conservative Groups

The Internal Revenue Service apologized to conservative groups for targeting them inappropriately.  Around the time of the 2012 election, the IRS flagged many conservative organizations to verify their tax status to see if they were an exempt organization.

English: Anonymous Says: "Help Revoke Tax...

English: Anonymous Says: “Help Revoke Tax Exempt Status” (Photo credit: Wikipedia)

Initially, it was thought that only groups with “patriot” or “tea party” in their names were targeted, but many other conservative groups were targeted by the IRS.  When the conservative organizations filed for tax-exempt status, they were singled out for additional reviews.

The attack was blamed … Read more at 2011 Taxes.

Tax Carnival Ecstasy – May 9, 2013

Online Investing?

Online Investing? (Photo credit: Monkey Mash Button)

Welcome to the May 9, 2013 edition of Tax Carnival Ecstasy. We begin with a post from James Powell on credit and benefit changes for 2013 that is quite interesting. Bill Smith looks at how TurboTax has changed in the current year. And finally John Schmoll has a number of online brokers that he likes to use. Hope you enjoy all the articles, bookmark, share on your social sites, and come back real soon for more tax topics.

credits

James Powell presents Tax Credits and Benefits Changes 2013 – How They Will Affect

Read more at 2011 Taxes.

TurboTax Continues To Grow In Popularity

TurboTax Continues To Grow In Popularity

Millions of people utilize TurboTax in order to file their income taxes annually. In fact, Intuit recently reported that sales for its products have increased since last year. Motley Fool pegs that increase around 30%, which is an incredible figure. Without a doubt, more and more taxpayers will continue to use this software in the coming years. This includes free TurboTax 2013 and its paid variants that are available today.

TurboTax: Why ask if you already know?

TurboTax: Why ask if you already know? (Photo credit: stevegarfield)

Currently, TurboTax is so popular because it offers incredible features at an affordable price. … Read more at 2011 Taxes.