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Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Thursday, October 28, 2010

Tax-Dodging or Legal Use of Tax Code?




by Daniella Nicole


I recently heard a campaign ad in which an attack was launched against a candidate for ‘using a loophole’ to avoid paying sales taxes on a high-end purchase. The rest of the ad talked about the seniors and others who are struggling to buy groceries.

The two are completely unrelated and the whole thing brings up an interesting point. When you use the legal loopholes and advantages set up in the tax code, are you a tax-dodger? If the code is set up to allow for certain allowances, avoidances and deductions, are you a tax-dodger when you use them?

I certainly use the itemized deductions I am legally allowed to claim in order to reduce my tax burden. I claim my legal dependants and use any other allowances or deductions I am legally allowed to use. Am I a tax-dodger?

I try to keep up on the latest changes in the tax code and keep them in mind as I conduct personal and private business throughout the year, in the hopes my tax burden will be affected in my favor by doing so. Am I a tax-dodger?

I don’t think its fair to call someone who is using the legally allowed means of reducing taxes a ‘tax-dodger’. By that same token, if someone is breaking the law or just not paying the taxes they legally owe, I would say that is tax-dodging.

I think we need to be careful about making accusations about others and when believing the claims others make. I would say that without proof the gentleman attacked in the ad broke the law, the campaign ad was completely off-base and morally reprehensible.

How do YOU define “tax-dodging”?


Image Credit: U.S. Department of the Treasury. Public Domain. Wikimedia Commons. http://commons.wikimedia.org/wiki/File:IRS.svg

Friday, February 26, 2010

IRS & Taxes: Free Tax Preparation and efile if You Made $57,000 or Less

by Daniella Nicole

If you made less than $57,000 for 2009, you may qualify for free tax preparation and efile. The IRS website lists all the companies they are working with who offer free efile. Some offer free state efiling, as well. Check the limitations of each offer. Be sure to use the IRS link to the site in order to get the free efile.

Find a free tax preparation and efile company here: Free eFile

Please note that the earlier in the year that you file, the more quickly you can get your return. The time right now is about 8 business days. As it gets closer to April 15th, that time could increase to 21 business days or so.

You don't have to have everything ready to begin the efile process - the information can be saved and worked on as you go.

Wednesday, March 26, 2008

Saturday, March 29, 2008 - IRS Super Saturday - FREE HELP

Photo by Chance Agrella
On Saturday, March 29, 2008 the IRS is offering free help to tax filers that has been named 'Super Saturday'. IRS locations across the country will be open in order to give free help to individuals who may qualify for the 'Economic Stimulus Package' rebate.

The IRS has a hotline set up to answer questions about Super Saturday, and to give assistance via the phone on Super Saturday:

IRS Hotline, 1-800-906-9887, for free assistance locations.

If taxpayers have economic stimulus questions on March 29, they can call 1-866-234-2942. These phone services are available on March 29 between 9 a.m. and 3 p.m. local time. (Alaska and Hawaii service is based on Pacific Time Zone.)

From: The IRS Website. Newsroom Section.


More Information:

KSL News Brief with Utah Locations

IRS Info Regarding Super Saturday

IRS Super Saturday Locations by State

IRS Information Regarding What Documents Filers Need to Take with Them for Super Saturday Assistance

IRS Info Regarding How to File for Free (If you made less than $54,000 in 2007)

IRS Info Regarding the Economic Stimulus Payments (E.S. Information Center at IRS Website)

IRS Economic Stimulus Payment Calculator
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