Monthly Money Manual: Time for Taxes

Tuesday, March 06 at 04:28 PM
Category: Personal Finance

Speaking for the majority of the population, tax time is nobody’s favorite time of the year. The forms. The receipts. The rules. The new tax laws. The questions. The confusion. The deadline. Where does one turn for help? Why, the IRS, of course! The IRS website provides some excellent resources to help make the best of a complex, and sometimes painful, annual ritual. You just have to know where to look.

Start at the Home Page

Begin with visiting http://www.irs.gov. Here, you will find links to forms, publications and online services that are displayed in a straight forward format that is easy to browse. Tabs across the top of the page provide assistance for specific types of individuals or groups.

Individuals

A wide variety of topics and tools for employees, retirees, military, parents and several others are featured at http://www.irs.gov/individuals/index.html. Each section provides multiple links featuring answers to FAQs (frequently asked questions), tips & advice, forms, and much more.

Members of the armed forces will find links to the Armed Forces Tax Guide, info for those serving in combat zones, extension deadlines, and how tax laws affect the military at http://www.irs.gov/newsroom/article/0,,id=97273,00.html.

Seniors will find tips for preparing their taxes, info about social security benefits, a link for tax counseling for the elderly and much more at http://www.irs.gov/individuals/retirees/index.html.

Parents will find information about the child tax credit, education credits and additional resources at http://www.irs.gov/individuals/parents/index.html.

Business

There's a wealth of information just for small business owners and the self-employed at http://www.irs.gov/businesses/small/index.html. Learn how to determine if someone should be considered a contractor or employee, how to obtain a federal business tax ID and stay up to date on employee tax issues.

You can also learn about tax topics through dozens of video and audio presentations through the IRS Video Portal at http://www.tax.gov/SmallBusinessTaxpayer.

Charitable Organizations

The Charities & Non-Profits tab at http://www.irs.gov/charities/index.html includes information to assist charities and non-profits in their tax needs, as well as information for contributors to those organizations. Churches and religious organizations, political groups, private foundations and all types of non-profits are included in this section. Find compliance information, answers to FAQs and a list of helpful resources.

And for contributors to non-profits, get tips for making sure your contributions pay off on your tax return at http://www.irs.gov/newsroom/article/0,,id=106990,00.html. Not sure if your favorite charity is eligible to receive tax-deductible donations? Search for it at http://www.irs.gov/charities/article/0,,id=96136,00.html.

Walk-In Offices

Need some face-to-face tax help? For a complete list of IRS offices in all 50 states, including hours of operation and contact info, go to http://www.irs.gov/localcontacts.
You can prepare, file and track your return, as well as receive practical tips and advice right from the source—the IRS website. Check it out today. You may be pleasantly surprised!

For specific tax advice, please consult your tax advisor.

 

Tags: Financial Education
There are no comments associated with this entry.

Post a Comment

  •  
  •  
  • Website Address:
  •  

Choose one or more categories to subscribe to:




Cancel