What To Do If You Didn't File Your Taxes

What To Do If You Didn't File Your Taxes

So you couldn’t pay your taxes and you opted not to file them, or an extension, at all. Don’t sit around worrying about when the IRS will catch on and come after you; file them as soon as possible, writes consumer reporter Iris Taylor, so that you can set up a repayment plan and move on with your life. The sooner you do this, the sooner you can pay them off (you can take up to 5 years to pay them), and the less you’ll end up paying in penalties and fees over the long run. [More]

"What Do I Do When My Lender Isn't Playing Fair With Loan Modification?"

"What Do I Do When My Lender Isn't Playing Fair With Loan Modification?"

Yesterday, the New York Times wrote about a judge in Arizona who forced Wells Fargo to explain why it keeps stalling and being uncooperative with a customer who has been trying to get a loan modification request approved. Sadly, in the past week we’ve gotten two separate emails from homeowners who are also having trouble with getting banks to approve their requests for the government-sponsored loan modifications. “Who can we contact to complain?” asks one frustrated customer.

How To File A Complaint Against Your Insurer

How To File A Complaint Against Your Insurer

After our post yesterday ended up crashing the National Association of Insurance Commissioners’ consumer information website, we received an email from them. They said they wanted to explain how the site works to address some reader questions, as well as point out that you too can contribute to the rankings by filing complaints when your insurer does something objectionable.

The IRS Isn't Sure Who They Hired Or Why Your Sensitive Tax Documents Are Filed In Dumpsters

The IRS Isn't Sure Who They Hired Or Why Your Sensitive Tax Documents Are Filed In Dumpsters

Here are three things you didn’t want to know: 1) The IRS doesn’t always conduct background checks on the employees contracted to handle your sensitive tax documents; 2) Those contracted employees regularly toss your sensitive tax documents into dumpsters without first shedding them; 3) The IRS doesn’t really know who’s in charge of conducting background checks on contracted employees, or who’s responsible for keeping your sensitive tax documents shredded and out of dumpsters. At least that’s what the Treasury Inspector General‘s office uncovered when it audited everyone’s favorite auditors.

Turbo Tax Tells You To Print An "Extra Form" But Won't Say Which One

Turbo Tax Tells You To Print An "Extra Form" But Won't Say Which One

Turbo Tax told reader I’m A Super that he needed to fill out an extra form to complete his state tax return, but wouldn’t tell him which form. Just to be safe, I’m A Super re-downloaded Turbo Tax only to get the same error message. When he called Intuit to ask about the mysterious form, he was that it was solely his responsibility to call the State Tax commission and to review his tax forms to make sure nothing was missing.

Everyone Can Now File Their Taxes Electronically For Free

Everyone Can Now File Their Taxes Electronically For Free

This year the IRS is letting each and every one of us file our taxes electronically free of charge. Didn’t the IRS already let all of us eFile our taxes for free, you ask? No. The IRS has a program called Free File, which provides free commercial tax help to anyone making less than $56,000 per year. This program, enticingly known as Free File Fillable Tax Forms, is different…

Tax-Relief Company Agrees To Refund $1.5 Million To Scammed Customers In 18 States

Tax-Relief Company Agrees To Refund $1.5 Million To Scammed Customers In 18 States

JK Harris & Company is a tax-relief company in South Carolina that promises to help people settle IRS debts for “pennies on the dollar” by helping them file an Offer in Compromise (OIC) on their behalf. What they didn’t tell consumers is that “the IRS accepts only a small number of these kinds of cases,” writes digtriad. What they also didn’t mention is that they’ll accept your money even if they know you won’t qualify for an OIC, and they won’t give refunds. “In many cases, JK Harris did not even apply to the IRS to help consumers as promised. But the company still refused to give those consumers their money back.” Now JK Harris has made an agreement with attorneys general in 18 states to change its advertising and pay $1.5 million in restitution.

Low Income? You May Qualify For Tax Saver's Credit

Low Income? You May Qualify For Tax Saver's Credit

If you’re single and earned less than 26,000 last year, or married and together made less than $52,000, then you can qualify for a tax credit of up to $1000 if you contributed to a retirement savings account during the year. To get the maximum credit, you’ll need to have socked away $2,000 and earned less than $15,500 as a single tax filer ($31,000 if married). And yes, this is a credit, not a deduction (something this writer has confused in the past), so it can make a significant difference on your final tax bill.

Today Is The Deadline For Late Tax Filing

Today Is The Deadline For Late Tax Filing

Today is the deadline to file your taxes if you got an extension back in April. File them.

Paperless Personal Finance Can Save You Money?

Paperless Personal Finance Can Save You Money?

Blueprint for Financial Prosperity has listed 5 ways that going paperless in your personal finance can save you money.

Tax Extension For Those Directly Affected By The Storm

Tax Extension For Those Directly Affected By The Storm

Taxpayers directly impacted by the storm have until midnight April 19 to meet their tax filing obligations without incurring late filing and payment penalties.

12 Common Tax-Filing Mistakes You Can Avoid

12 Common Tax-Filing Mistakes You Can Avoid

Bankrate has 12 common and avoidable mistakes people make when filing their taxes.

Why We Procrastinate On Our Taxes

Why We Procrastinate On Our Taxes

•Delusion No. 1: If I put off filing until the last minute, I’ll have less chance of getting flagged for an audit amid the flood of deadline filers. “I don’t think so,” says Adams. “I’ve never heard that on either this side of the desk or the other.”

File Taxes For Free If You Make Under $52k

You can e-file your federal taxes for free if your adjusted gross income falls below $52,000 using Free File from the IRS.