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.
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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 to file your taxes if you got an extension back in April. File them.
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
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
Bankrate has 12 common and avoidable mistakes people make when filing their 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.
