- What Are the Tax Implications of Paying or Receiving Alimony?
- Recently divorced individuals may pay or receive alimony. If this is your situation, here are some tips for how to correctly treat the payments on your tax return.
- Owe Taxes and Can't Pay?
- Are you one of the unfortunate Americans that end up owing and cannot pay your tax liability?
- First 2016 Estimated Tax Payment Due Soon
- The government wants its tax revenue up front and has a “pay-as-you-go” system, and if your pre-paid amount is not enough, you become liable for non-deductible interest penalties. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement.
- Understanding the Fine Points of Capital Gains and Losses
- There is a category of income resulting from the sale of capital assets that receives special treatment for tax purposes.
- Tax Filing Deadline Rapidly Approaching
- Just a reminder to those who have not yet filed their 2015 tax return that April 18, 2016 is the due date to either file your return and pay any taxes owed, or file for the automatic six-month extension and pay the tax you estimate to be due. Usually April 15 is the due date, but because Friday, April 15, is a legal holiday in the District of Columbia (where the IRS is headquartered), the filing date is advanced to the next day that isn't a weekend or holiday – Monday, April 18 – even for taxpayers not living in DC.
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