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Tax Lounge Blogs- Posts Tagged with Individual Income Taxes

To E-file or not to E-file? Truth told, that is not the question.

E-file volume has swelled over its 25 years in existence and over the course of time, the IRS has safely processed just over 1 billion tax returns.  If not familiar, e-file stands for electroni...

To Hobby or Not to Hobby? That is the Question!

So you have a passion for shoes, panache for fixing things, or joy from cooking grandma's dessert recipes.  And you decide to fuel your passion/panache/joy, and pay your bills, by selling or sh...

Back to School Time!

Ahhh, school supplies, the smell of fresh books, and yellow buses on the road mean one thing....it is time for Tax School to start!  I know, most people say that there is no way that they would l...

Extra, Extra, Read All about the First Time Homebuyer’s Credit Extension

Once more, the government has extended the First Time Homebuyer's Credit.  What is important about this extension is that a taxpayer must have purchased the home before May 1, 2010- that portion ...

Options for Taxpayers who Owe- IRS Has Expanded its “Offer-in-Compromise” Program

I hear taxpayers say that they owe, and because of the economy they are not going to file this year.  Well, let me make it simple for you- just file!  If you fail to file, you will face a pe...

Are Employee Business Expenses Simple to Deduct on your Taxes?

So you are an employee (receive a W-2) and you have some business expenses required for your job, but your employer does not pay you for them.  Can you take them off of your taxes? For expenses ...

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