Tax Lounge Blogs

Every year, consumers are likely on the lookout for many different ways in which they can reduce their ongoing tax liabilities, and one of the best they can usually find is by making sure to take advantage of the charitable donation deductions made available by the Internal Revenue Service.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
When it comes time to pay their taxes, many Americans are always trying to find ways to reduce their liabilities, and the most common way to do this is often via deductions. However, there are many kinds of deductions for which the average person may be eligible that they don't even know about, and as such it might be wise for them to take some time to think about whether they should itemize.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
Tax filing season can be a trying time for many Americans, often because they're concerned about filing all their documents correctly. And while many may catastrophize the impact of a mistake on their documents to an extreme degree, the fact is that there can be some serious fallout for those who are particularly cavalier.
Posted To: Tax Ranger By: Tax Ranger on Tuesday, October 28, 2014
If you received an IRS letter, there’s a 50 percent chance you didn’t understand it. It’s not you, it’s the IRS, according to an October 2014 report by the Treasury Inspector General for Tax Administration (TIGTA).
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Monday, October 20, 2014
Now that you’re separated or divorced, you likely have questions about your taxes. Who will claim the kids when tax season comes around? How will this affect my retirement? These are good questions to ponder.
Posted To: Tonia Tuckers Blog By: Tonia on Thursday, September 25, 2014
Do you remember moth balls? That was one thing I dreaded when mom used to call out to us kids to say it was time to get the winter clothes out of the basement.  Yuck, that smell.The other thing I disliked even more was to look at my old clothes. The styles had changed, my body had changed.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Wednesday, September 24, 2014
Remember back on April 15, when you asked the IRS for that six-month extension to file your tax return? Well, the IRS tax filing deadline for 2014 is almost here. You must file your 2013 tax return by October 15. If you haven’t already filed, now is a good time to start pulling together the paperwork you will need.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, September 16, 2014
The call comes to your home. Caller ID suggests it’s the IRS. You answer. Soon you’re assaulted by the voice on the other end of the line. “This is the Audit Department of the IRS,” the caller says. Then he says your name. “Our records show that you have committed tax fraud,” he continues. “You must pay the IRS or you will be arrested.”
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Thursday, August 28, 2014

Many Americans are fully aware that getting married will have a profound impact on their lives in a large number of ways, but one which they might not always consider is that it typically reduces a person's tax liabilities significantly. 

Posted To: Tax Ranger By: Tax Ranger on Wednesday, August 20, 2014

What if I told you that in just a few short weeks you could learn what’s necessary to pursue a new career or generate a second income? Taxes are complicated, especially when it comes to doing your own. The tax code itself is just as confusing.

Posted To: Tax Mommys Blog By: Stephanie Brenneman on Thursday, August 14, 2014