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Tax Lounge Blogs

Last-minute considerations for filing taxes

The April 17 tax filing deadline is quickly approaching, and Americans who haven't yet filed their taxes may be scrambling to do so. Others who have already completed their returns, but owe a bill

Posted To: Tax Ranger's Blog By: Tax Ranger on 4/4/2012 10:46:36 AM

Are there any benefits to receiving a tax refund?

Common knowledge tells most taxpayers that if they are receiving a large refund at the end of filing season, they did not withhold enough from their paychecks and essentially provided an interest-free

Posted To: Tax Ranger's Blog By: Tax Ranger on 4/3/2012 3:41:47 PM

Mega Millions has states excited about tax windfall

Winner winner That’s right a double winner The potential winner for the Mega Millions tickets being sold in stores (or online in  Illinois), isn’t the only one hoping for a winner.  The state where that resident lives is also hoping

Posted To: Tax Rants by David Rocci By: David Rocci on 3/30/2012 12:24:27 AM

Tax deadline tips and your filing checklist

April 17th is near April 17th doesn’t nearly strike as much fear into most as April 15th, but this year you get two extra days to file your returns as the 15th is a Sunday. Those extra 48 hours aren’t

Posted To: Tax Rants by David Rocci By: David Rocci on 3/27/2012 1:15:52 AM

Do you provide health insurance to your employees?

WASHINGTON — With business tax filing deadlines fast approaching, the Internal Revenue Service today encouraged small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if

Posted To: Tax Rants by David Rocci By: David Rocci on 3/27/2012 12:37:05 AM

Job seekers: take advantage of these tax breaks

Jobless Americans may be facing several financial obstacles while they seek a new job, and the prospect of owing a tax bill can be stressful for unemployed individuals. Although individuals will be ta

Posted To: Tax Ranger's Blog By: Tax Ranger on 3/19/2012 1:35:57 PM

Betting on the NCAA Tournament? Gambling winnings are taxable!

Do you have March Madness?  I know we do around our household and I love every minute of it Many people are glued to the television this month, not only because you get to see huge upsets like Lehigh over

Posted To: Tax Rants by David Rocci By: David Rocci on 3/16/2012 11:41:42 PM

Are you eligible to claim miscellaneous deductions?

Deductions are one of the most common allowances Americans use to lower their tax liability during filing season, and these write-offs exist in several categories. Many taxpayers are aware of the most

Posted To: Tax Ranger's Blog By: Tax Ranger on 3/15/2012 1:53:19 PM

IRS offers new relief for unemployed Americans

While the unemployment crisis has made modest improvements in recent months, joblessness in the United States remains stubbornly high. Filing season can exacerbate the hardship under which many unempl

Posted To: Tax Ranger's Blog By: Tax Ranger on 3/8/2012 2:51:37 PM

Make your tax refund work for you

After the paperwork gathering and meeting with the tax preparer is over and done with, most Americans happily anticipate their refund from the IRS.

Posted To: Tax Ranger's Blog By: Tax Ranger on 3/7/2012 3:17:02 PM