Tax Ranger

If the IRS decides to audit a taxpayer, the first thing that usually happens is an audit letter is received in the mail. Some taxpayers may feel that an audit is a personal attack from the IRS, when the reality is their selection could be as simple as a computer pulling their number.
Posted To: Tax Ranger By: Tax Ranger on Wednesday, July 02, 2014

Many Americans make the very wise choice to seek tax advice at some point in the year, usually once filing season rolls around. However, what they may not know is that there are many rules related to what constitutes tax advice in certain situations, and as such, the Internal Revenue Service is often quite careful in issuing guidance on this front.

Posted To: Tax Ranger By: Tax Ranger on Tuesday, June 17, 2014

These days, many Americans may do a lot of business within the borders of the U.S., but also outside them as well. As a consequence, these people may have many different types of income, coming to them from various parts of the world, and they may need to keep in mind that all income is taxed in this regard, no matter what.

Posted To: Tax Ranger By: Tax Ranger on Tuesday, June 17, 2014

These days, many Americans take part in the stock market and other types of investment in a number of different ways, and the fact of the matter is that no one approaches these efforts the same way. As such, it might be wise for most to take a careful look at the ways in which their investments will impact their tax liabilities at the end of every year, and see what they can do to reduce them going forward.

Posted To: Tax Ranger By: Tax Ranger on Saturday, June 07, 2014

Many people recognize Memorial Day weekend as the beginning of summer, as the beaches are filled up with lawn chairs, coolers, and a constant mist of sunscreen. But as everyone celebrates the end of the school year and the start of summer, we should also remember the true meaning of Memorial Day – which is often forgotten and sometimes not even known. 

Posted To: Tax Ranger By: Tax Ranger on Friday, May 23, 2014

When it comes to tax planning, the way in which most Americans seem to approach it these days is by simply waiting until the next year rolls around, and then starting to work at a furious pace from January to March or even April. However, the more judicious option is the one most people learn when they're young: Slow and steady wins the race.

Posted To: Tax Ranger By: Tax Ranger on Wednesday, May 14, 2014
You read that right. If you really want to give mom something she’ll remember for the rest of her life, take all of her motherly duties (which are oh-so glamorous) out of her day. If you live at home, wash your clothes, clean the kitchen, make breakfast and lunch AND dinner. 
Posted To: Tax Ranger By: Tax Ranger on Friday, May 09, 2014

Millions of Americans were able to get their tax forms and payments sent into the Internal Revenue Service last month, but many more were unable to do so for a variety of reasons. Unfortunately for those people, they cannot simply figure they'll pay next year and that will be the end of it, because the IRS is often aggressive in pursuing these outstanding balances.

Posted To: Tax Ranger By: Tax Ranger on Wednesday, May 07, 2014
I forgot to include a second income on my tax return. I forgot to add a dependent and missed out on a tax credit. I filed under the incorrect filing status. Did you prepare your own taxes this year and realize you made a mistake that may have affected your overall tax after it was submitted to the IRS?
Posted To: Tax Ranger By: Tax Ranger on Wednesday, April 23, 2014
When it comes to annual tax filings, this is officially crunch time, but Americans who are still scrambling to get all their documents in order and mailed in on time may want to take an extra hour or two to examine whether they're doing all they can to reduce their liabilities as much as possible, or maximize the size of their returns.
Posted To: Tax Ranger By: Tax Ranger on Wednesday, April 09, 2014