Archive for 2008 Taxes
What Happens If You Don’t File Your Taxes On Time
Posted by: | CommentsToday is April 15. For those of you from non-US countries, that probably doesn’t mean much. To us Americans, today is Tax Day, the deadline to file my tax returns. If you’re working at the last minute then you might be looking for last minute tax tips. Of course, what many people really want to know is what happens if you don’t file your taxes by the deadline and is there anything... Read more→
2008 Last Minute Tax Filing Tips
Posted by: | CommentsOk, first of all, I’m only posting this today because the media is starting to do their “last minute” tax filers stories and I want the readers here to be able to come get the real, actually useable, last-second tax filing tricks. But, let me just say, that if you consider April 3rd to be doing your taxes at the last minute, then, you, sir, are a wimp. (I file electronically on the... Read more→
2008 Tax Tips for Small Business and Self-Employed
Posted by: | CommentsFiling taxes as a small business or as self-employed? If you aren’t using a sole-proprietorship business structure, chances are you are filing as an Limited Liability Company, or LLC. If so, the IRS has a guide for filing as an LLC. Basically, for purposes of Federal Income taxes, there is no such thing as an LLC. Either you are a sole-proprietorship or you are a partnership or... Read more→
Quick 2008 Tax Tip to Make Things Easier
Posted by: | CommentsSo, you’re doing your taxes and everything is just fine. You are approaching the end of your Form 1040, when you get blindsided by a question you’ve never seen before. Line 70 of the 1040 says “Recovery rebate credit (see worksheet on pages 62 and 63)” Yikes! What is that about? Look around and chances are you’ll get almost exactly the information you need, but with... Read more→
