National Spending Journal – By Shoeboxed

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With June 15 just around the corner, many of you are starting to think about—and perhaps dread—filing your quarterly estimated tax payments. While QETs can be a nightmare for overworked and unorganized small business owners and self-employed individuals, there are many online tools available to make the process easier, faster and headache-free.
Here’s how they [...]

June 15th Deadline:  Quarterly Estimated Taxes
Now that we’re under a month away from June 15th, you might be one of the millions of self employed or small business owners that need to file a quarterly estimated tax payment. While not everyone’s cup of tea, the process can certainly be made more manageable by leveraging a few [...]

The Truth About Frivolous Tax Arguments (PDF 405K) addresses some of the more common false “legal” arguments made by individuals and groups who oppose compliance with the federal tax laws. These arguments are grouped under six general categories, with variations within each category. Each contention is briefly explained, followed by a discussion of the legal [...]

The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.
The recently enacted American Recovery and Reinvestment (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources.
The [...]

Taxpayers who need to make a change or adjustment on a return they already filed can do so by filing an amended return. Here are the top 10 things every taxpayer should know about amending your federal tax return.

The Internal Revenue Service has issued its 2009 “dirty dozen” list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.
“Taxpayers should be wary of scams to avoid paying taxes that seem too good to be true, especially during these challenging economic times,” IRS Commissioner Doug Shulman said. “There is [...]

It’s a moment many taxpayers dread. A letter arrives from the IRS — and it’s not a refund check. Don’t panic; many of these letters can be dealt with simply and painlessly.
Each year, the IRS sends millions of letters and notices to taxpayers to request payment of taxes, notify them of a change to their [...]

This is a guest post from our friends at FileLater, which offers and easy way to get a tax extension. They explore the question of whether or not filing for a tax extension increases your chances of being audited later. The answer may surprise you!

This is a guest post from our friends at FileLater, which offers and easy way to get a tax extension. Since they’re the tax extension experts, they put together a list of 5 reasons why you may want to get an extension on your taxes this year.

All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service.
“This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need for the relief provided by the American Recovery and Reinvestment [...]

The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years.
To accommodate the change in tax law, the IRS today updated the instructions for two key forms – Forms 1045 and [...]

As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently purchased a [...]

Taxpayers who use a portion of their home for business purposes may be able to take a home office deduction if they meet certain requirements.
In order to claim a business deduction, you must use part of your home for one of the following two reasons:

Exclusively and regularly as either: your principal place of business, or [...]

The Internal Revenue Service (IRS) today announced the release of the 2008 IRS Data Book, which is an annual snapshot of IRS activities for a given fiscal year.
The report describes activities conducted by the IRS from Oct. 1, 2007, to Sept. 30, 2008, and includes information about returns filed, tax collections, enforcement and taxpayer assistance, [...]

Are you looking for ways to avoid the last-minute rush for doing your taxes? Here are some stress-relieving tips to help you.

Don’t Procrastinate – Resist the temptation to put off your taxes until the very last minute. Your haste to meet the filing deadline may cause you to overlook potential sources of tax savings and [...]