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Consumer Reports Releases Tax Tips

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2013 Tax Tips

Consumer Reports is a trusted source in products and services.  They recently released their tips for 2013 taxes, which are about online and computer tax services.  These tips help consumers not get caught up into any questionable tax services and help them save money when filing their 2013 taxes.  Consumer Reports offers the following tips for 2013 taxes:

• Check what the online service has available.  Simple forms like the 1040, 1040EZ, and Schedule A for itemized deductions are provided by most online tax services.  However, if you need a more specific form, schedule, or topic, … Read the rest

Unemployment and Taxes

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Unemployment is an uncertain and stressful thing in any one’s life.  However, it can be all the more complicated
by the many questions surrounding your tax obligations after losing your job.  This article will discuss a few of the common questions surrounding your tax obligations following unemployment.

If you were recently laid off by your place of employment, you may be curious as to whether or not the severance package they gave you is taxable or not.  Unfortunately, the answer to that question is yes, it most certainly is.  The money you received as a result of your termination is … Read the rest