What To Do With Your Tax Refund
By Ray Martin, CBS MoneyWatch (CBSMoneyWatch) Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking...
View ArticleWhere’s My Refund? IRS Tool Answers That Question
(CBS / AP) — The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough. The...
View ArticleAvoid The Most Common Tax Mistakes
(CBSMoneyWatch) As the United States tax code clocks in at 18,500, pages, it’s easy to see how taxpayers can make a mistake or two when filing federal income tax forms. And with over 97,000 full-time...
View ArticleHow Studying Your Taxes Can Help Your Career
By Laura Vanderkam, CBS MoneyWatch (CBSMoneyWatch) I spent a chunk of time earlier this week adding up my 1099s (statements of freelance income). I also added up all my business expenses to send those...
View ArticleWhat Triggers an IRS Tax Audit?
By Ray Martin, CBS MoneyWatch (CBSMoneyWatch) The IRS examined 1.1 percent of all individual tax returns in 2010 and 2011, so the chances that your tax return will be audited are only about 1 in 90....
View ArticleHow (Not) To Get Audited
(CBSMoneyWatch) It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman. CBS News contributor and analyst Mellody Hobson has...
View ArticleA Look At The Craziest Tax Write-Offs
(CBSMoneyWatch) It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for...
View ArticleHow To Spend Your Tax Refund
(CBSMoneyWatch) The best part of paying your taxes is probably getting your refund check. According to the IRS, the average tax return last year was $2,899. According to a 2012 survey by TurboTax,...
View ArticleTax Consultant Offers Tips On Why You Should File Your Taxes Early
Kevin Richards, owner of KNR Consulting Group, stopped by KCAL9 to share his top tax tips and why it's important to file your taxes early.
View ArticleBest E-Filing Programs For Tax Returns
Doing your taxes often feels like a daunting task, but it doesn’t have to be. E-filing not only streamlines the process, but it also means getting your refund faster. While e-filing may be easiest for...
View ArticleTax Tips For Retirees
Retirement brings plenty of changes, and with those come changes to your tax situation. Here’s a rundown on the top five things you need to know when it comes to paying taxes in retirement. Remember...
View Article5 Tax-Deductible Items You May Have Missed
Who doesn’t want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill. The problem is, it’s hard to...
View Article5 Tips For Doing Your Own Taxes
Tax laws can be complicated, which is why many people hire an accountant or tax professional. At the same time, tax professionals can be pricey, and tax season gives you a chance to get a closer look...
View ArticleTurn Your Tax Refund Into Your Child’s College Fund
The costs of higher learning continue to spiral upward at a breathtaking pace. Many parents of newborns and small children begin planning for this monumental, future expense at tax time, utilizing...
View ArticleShould You E-File Or See A Tax Specialist For Your Returns?
Does the thought of tax time send shivers down your spine? Like it or not, your taxes have to be filed. The question that remains is, how will you get them done? Unless you’re the pen-and-paper type,...
View ArticleNewlywed? Whether To File Separately Or Jointly
You probably weren’t thinking about your tax burden when you said “I do,” but marriage does impact upon a couple’s income tax requirements, sometimes positively and sometimes not. Newlyweds are often...
View ArticleFive Tips for Getting the Most From Your 401(k) Plan
Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. And there’s simply no better way to save than the 401(k) plan at work. It’s automatic and...
View ArticleTax Advice: Common Small Business Tax Filing Mistakes
It’s easy to make a mistake, but saying your sorry is rarely enough to satisfy the IRS. Small businesses can innocently make tax mistakes that wind up racking up steep penalties, able to bruise or even...
View ArticleThe “Dirty Dozen” Tax Scams Of 2014
(CBS MoneyWatch) The IRS has a warning for Americans — watch out for tax scams. Every year the agency releases a “Dirty Dozen” list of the worst tax scams out there. This year, identity theft and...
View ArticleDisappearing Deductions Cost Taxpayers
(CBS MoneyWatch) Changes to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills....
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