Tax Lounge Blogs

An individual's employment status plays a pivotal role in their income taxes during filing season. In some cases, however, determining how to classify a worker can be difficult, and individuals wh
Posted To: Tax Ranger By: Tax Ranger on Thursday, May 24, 2012

The North Atlantic Treaty Organization, or better known as NATO, is holding its Summit in Chicago this week.  Anti NATO protestors have made the Summit a major security concern for the city police.  Amongst some of the protests were groups

Posted To: David Rocci Tax Rants By: David Rocci on Saturday, May 19, 2012
A home is one of the largest investments an individual makes during his or her lifetime, and one of the benefits homeowners are privy to is a mortgage interest deduction during filing season. However,
Posted To: Tax Ranger By: Tax Ranger on Monday, May 14, 2012
If you missed the filing deadline, don't panic.  There's still time to get your return filed and avoid costly penalties.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Monday, April 23, 2012

You’ve done it again   You did it in college.  You probably made your mother miss her due date and people tell you all the time that you “will be late to your own funeral ” You procrastinated and put

Posted To: David Rocci Tax Rants By: David Rocci on Saturday, April 14, 2012

I went on a binge this week catching up on past episodes of “Shark Tank,” ABC’s hit show that has investors, The Sharks, listening to pitches from entrepreneurs seeking investment into their companies. The entrepreneurs are coming from all walks

Posted To: David Rocci Tax Rants By: David Rocci on Monday, April 09, 2012

Did you receive a home buyer tax credit and it is time for you to repay it?  The Internal Revenue Service has a tool to help you determine how to handle repayment on your tax return. You may have to

Posted To: David Rocci Tax Rants By: David Rocci on Sunday, April 08, 2012

The average tax refund this year is approximately $3,000 and many Americans don’t typically enjoy such a financial windfall. That leads to interesting and sometimes difficult financial decisions.  Some will run out and purchase entertainment items such as big screen

Posted To: David Rocci Tax Rants By: David Rocci on Sunday, April 08, 2012
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 By: Tax Ranger on Wednesday, April 04, 2012
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 By: Tax Ranger on Tuesday, April 03, 2012