Missing the filing deadline does not automatically mean that you will be hit with penalties and interest. Interest and penalties only apply when there is tax due. However, a taxpayer can lose a refund due if they wait more than three years to file a return.
You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]
Tax Preparation software like TurboTax or TaxAct can be thought of as a tool for individual taxpayers. Like any tool, the tax preparation software can produce fine work or can produce a complete mess. Just as a good carpenter never blames his tools, a taxpayer should never blame their software.
The Tax Courts determined that [...]Continue Reading →
What are the effects of moving between the 10%, 15%, 25% and 28% marginal tax brackets? The answer, like most questions on tax, is that it depends. Different levels of income and family situations dictate the different level of income taxes paid. There is a difference to be aware of when moving from the 15% [...]Continue Reading →
Thinking about Free 1040EZ through a national chain? Think again!
Many national chains will file a form 1040EZ for free as a service to customers but will always
try to sneak in hidden charges. The most common hidden charge is a fee to file a state return that
can cost upwards of $40 [...]
Do you own a home or give to charity in Oshkosh or the Fox Valley? If so, timing certain payments can save you hundreds of dollars in taxes by grouping your deductions in certain calendar years. Tax Relaxer is available to help you maximize your deductions.
You may already know that you receive a [...]Continue Reading →
When you have ideas of starting a retail business, you dream of the storefront, what youâ€™ll sell, and how much youâ€™ll charge for it. The last thing on your mind is the first thing you have to accomplish. That is letting your State and Federal Government know that you are doing this. [...]Continue Reading →
"Back in college I pitched an idea to my marketing student group that I truly believed in: "Anything of quality can be had at an affordable price." The Tax Relaxer is built on the same simple principal: "Quality Returns, Prepared and Reviewed by a Quality Specialist, for an Affordable Price, PERIOD."
- Kevin McMullen, Founder