Tax Prep Company Blames IRS, Indian Software Developers, Customers For Bounced Checks

Old school Consumerist readers may remember Memphis-based Mo Money Taxes from its appearance in this classic Great Moments In Commercial History post. But now the company, which provides tax prep services in several states, is making headlines because it has put a lot of bad refund checks in the hands of its customers. [More]

3 Expenses You Can Deduct From Your Taxes, Even If You Didn't Pay Them

3 Expenses You Can Deduct From Your Taxes, Even If You Didn't Pay Them

Just because someone else helps you with paying an expense doesn’t necessarily mean you can’t legally itemize that expense on your 1040 come tax time. [More]

8 Tips For Picking The Right Tax Preparer

8 Tips For Picking The Right Tax Preparer

You know that I love you all and would just love to prepare every last one of your 1040s this year. But between my existing clients and that centipede I can’t seem to catch, I’m booked solid through tax day. [More]

Why Does American Express Need A Copy Of My Wife's Tax Return?

Why Does American Express Need A Copy Of My Wife's Tax Return?

Evan writes that he recently got married, and the newlyweds make more money than they did at this time last year. American Express suspects something, and has suspended their credit card, demanding a copy of his wife’s tax return from last year. What’s going on? [More]

High-Volume Sellers On eBay, Craigslist Can Look Forward To New Tax Form For 2011

High-Volume Sellers On eBay, Craigslist Can Look Forward To New Tax Form For 2011

If you tend to move a lot of merchandise on eBay or Craigslist, you should know that the IRS wants a share of those earnings. If in 2011 you sell more than $20,000 worth of goods and have more than 200 transactions, then come early 2012 you’ll receive a shiny new flavor of 1099 form called a 1099-K, and you’ll have to pay up. If you’re an infrequent seller, where your eBay or Craigslist transactions more closely resemble a garage sale than a virtual storefront (and especially if you sell items at a loss), you probably don’t have to worry. [More]

Avoid H&R Block, Jackson Hewitt, Says Accountant

Avoid H&R Block, Jackson Hewitt, Says Accountant

If you haven’t done your taxes, don’t go to H&R Block or Jackson Hewitt. That’s the advice we receive from Peter, a professional accountant. He says they will rip you off. And if they mess up, they’re not liable.