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Taxes

Lord knows we all need help with Taxes!

With Tax season coming up again before you know it, this guide will serve as a resource for all things related to Taxes and the IRS!

Tax Prep Companies

Doing taxes on your own by hand is insane. Especially business taxes. There are a number of companies that offer free or pretty darn reasonable tax service software.

  • Turbo Tax
  • - Hand’s down the #1 choice in America for doing your taxes on your computer or online. I’ve used turbo tax online for the past 4 years now without a hitch. Great company too.

  • TaxCut
  • Quickbooks

Tax Resources

The IRS is a pretty huge organization. I don’t know how many people work for them, but probably a ton. They often come up in movies as well. No one likes the IRS and paying taxes, but you know what they say about them….two things you can’t avoid…death and taxes right?

{ 3 comments… read them below or add one }

Sharon Schipul July 10, 2009 at 10:47 am

Will a short sale have tax implications?

Reply

debt kid July 10, 2009 at 11:09 am

It can. As far as I know, if you are technically “insolvent”, you are exempt from treating forgiven debt as income. Talk to an accountant or other tax professional.

Reply

Theresa August 26, 2009 at 4:39 am

Sharon, Be very careful and get lots of information……

We found a buyer for our home that would have gone into foreclosure…He paid the mortgage off and the equity line was shorted by $4,000.00. Ten years later we recived a bill from the IRS demanding payment for $106,000. We had an income that year of $25,000.00
Our poorest year together……The IRS put that money for the house in as INCOME!!!!!!!!!!

What I thought was long over ten yrs ago………Has become the “HOUSE OF HORRORS”
I am sick, can’t sleep or eat………..have no money to get help to refile our year of 2000………

BE VERY CAREFUL!

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