Newlyweds are often confused about the best type of filing for their particular situation as well as the legalities involved. If you want to enjoy the lowest tax rate possible, you’ll need to do your homework, starting with these considerations.
When it comes to figuring your taxes, should you rely on software or turn to a pro?
With careful planning, you may find yourself paying the IRS much less than you have in years past.
Every year, the IRS receives 240 million tax returns. The Minnesota Department of Revenue processes 2.7 million returns. On Friday, WCCO viewer Brian from Shakopee was surprised when both the state and federal governments approved his filing within hours. He has a Good Question for us: Does an actual person actually read over tax forms, or does a computer program scan it for errors? According to Terri Steenblock, the assistant commissioner of individual taxes with the Minnesota Department Revenue, the answer can be both.
We are just a few days into tax filing season. Though most people probably haven’t gotten their taxes done quite yet, WCCO took look into answering one of the most common questions. Tax season was delayed a few weeks, but the deadline is still April 15.
This time of year, many of us talk about getting our finances in order. A WCCO-TV viewer named Rachael from St. Joseph wrote us asking how long she should keep her financial documents.
MNsure is under fire, again. This time it’s because of an employee accidentally sent out an email containing the personal information of thousands of Minnesotans.
Parking can be very expensive in metro areas, but you won’t believe how much one woman was willing to pay. Two parking spots were being auctioned off in Boston’s Back Bay neighborhood, after they were seized by the IRS for back taxes.
U S Congressman Erik Paulsen joined John Hines on the WCCO Morning News Friday
The owner of Dahl Trucking in Elmore, Minn., was indicted Tuesday in federal court for avoiding payment of taxes on the wages of his employees from 2007 to 2010. Marlin Dahl was specifically charged with 13 counts of failure to collect and pay Federal Insurance Contribution Act (FICA) taxes.
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More hearings are scheduled in Washington this week as Members of Congress continue investigating the IRS targeting of conservative and Tea Party groups.
In a congressional hearing into revelations that the IRS targeted conservative groups, one congressman pounced on the agency’s fired chief’s insistence that the targeting was not politically motivated.
Rep. Michele Bachmann is joining the calls for a thorough investigation as President Obama prepares to answer further questions about the growing controversy at the IRS. The acting commissioner resigned on Wednesday after the agency admitted it targeted conservative groups.
It’s crunch time to file your taxes. This Monday is April 15 — Tax Day. The Internal Revenue Service says 97 million American taxpayers had already submitted their tax forms by the first of the month.
To help out last-minute tax filers, the Post Office at the Minneapolis-St. Paul International Airport will offer retail and collection services until midnight on April 15.
The third and final member of a tax fraud trio pleaded guilty Wednesday in federal court to one count of conspiracy to defraud the United States.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
The IRS anticipates 75 percent of federal filers will get refunds in 2013. The average last year was slightly more than $2,800.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.
It may be hard to believe, but April 15 will be here before we know it.