Category Archives: taxes

Owe Taxes and Didn’t File An Extension?

Whooo boy… one of my coworkers is in this boat. He had someone come into his house and help him get his home organized, and this included filing his paperwork.  On April 15th he discovered he didn't know where the person filed his tax information!  The person was in Oregon and didn't remember filing any tax paperwork, so my coworker ended up doing nothing that day, not even filing an extension!!   I guess he didn't know that he could have… Read the rest

Don’t Stress About Your Taxes, File An Extension

In one of June Walker's recent tidbits she implores you to not stress out about getting your taxes done, just file an extension.  Then you'll have until October 15th, 2009 to get them done. If you do choose to file an extension, you'll be using Form 4868.  You might want to make a payment for the taxes you estimate to be due; according to the instructions on Form 4868, “Although you are not required to make a payment of the… Read the rest

Be Careful of TurboTax

It's almost April 15th, time for your taxes to be submitted and paid to the federal and state governments. I decided to use TurboTax this year, instead of the tax preparer we used last year. I wasn't impressed because I found several mistakes he'd made. I wonder if he used tax software to prepare our return? Yesterday I was trying to get our taxes completely done and ready to be submitted. I was researching the home office exemption a bit… Read the rest

Your Paycheck Should Get Bigger in April

On March 30th I worked with my boss helping to get our payroll recalculated for April.  Most people should see an increase in their paycheck due to the Making Work Pay Tax Credit.  However, if you fall into any of these categories, you should make sure enough withholding taxes are being taken from your check: 1) You are an employee with two concurrent jobs, 2) You and your spouse both work, or 3) You can be claimed as a dependent… Read the rest