It’s Time To File Your Tax Return … Or An Extension

For two years in a row, Americans are going to get a little extra time to file their taxes, thanks to a holiday that may be completely unknown to you. In 2017, the tax-filing deadline will be April 18 thanks to Emancipation Day. Emancipation Day is a legal holiday in the District of Columbia, held…
Read More

1

What You Need To Know About Tax Extensions

If you are nowhere near ready to file your taxes as the deadline approaches, you may file an extension with the IRS that gives you up to six more months to file your taxes. Filing an extension will spare you from late filing penalties — 5% of the amount of tax you owe for each…
Read More

0

The Difference Between Failure-to-File And Failure-to-Pay Penalties

Examples of really bad ideas: Forgetting your spouse’s birthday or your anniversary, do-it-yourself brain surgery, and forgetting to file your federal tax return or pay your federal taxes. You may be short on the cash to pay your taxes, but there are better ways to address your tax problem than avoiding it entirely. The IRS…
Read More

1

How Student Loan Debt Affects Home Ownership

Student Debt Hinders Home Ownership It’s no surprise to most parents that college expenses are skyrocketing and student loan debt is reaching crisis proportions. According to the New York Fed, the collective outstanding balance on student loan debt was $1.31 trillion as of December 2016. That’s a near doubling of student loan debt over the…
Read More

1

3 Last-Minute Ways To Lower Your Tax Bill

Are you a procrastinator who waits until the very last moment to file your taxes? Thanks to Emancipation Day, the filing deadline is April 18, 2017, to file your taxes for the 2016 tax year. That gives you a few more days to consider last-minute ways to lower your taxes. Start by reviewing your possible…
Read More

0