The beginning thought of T.S Eliots masterwork The Wasteland states that April is the cruelest month, and while his poem deals with themes far more universal than tax time in the US, millions of American taxpayers can only nod their heads in agreement at its opening words. But those taxpayers for whom April has added insult to injury in the form of an IRS or state tax board dispute, a tax attorney can be a longed-for ally.
Taxes Q&A: Understanding What Is And Is Not Taxable
* Is Social Security retirement income taxable?
Social Security retirement benefits are taxable, although it depends on your total income and civil status. Federal law states that an individual must pay taxes if he/she has annual Social Security retirement income of more than $25,000. If he/she has a married status, they must pay such taxes if the income is more than $32,000.
However, if the Social Security retirement benefit is the recipients only source of income, th…
Tax Preparation and Electronic Tax Preparation Options
Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right for you and what are some of the most popular electronic tax filing solutions? Read on as we discuss your tax preparation options and explore the popularity of electronic tax filing.
The Advantage of Tax Software and How to Get It
Tax is most often the bane of all profits. There are those who forget to pay their taxes and suddenly find themselves prosecuted. Tax has a way of creeping up on you. However, we all need to pay taxes, do we not? Tax is just one of those little irritations that we all must learn to live with.