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Showing posts from March, 2010

Tax goofs

Over the last two months, I've been busy with my side-job of helping people prepare their taxes.  When there is trouble at tax time, I've noticed that it usually comes from just one or two places.  Here's a couple of easy tips to make sure that your tax time is easy breesy... 1)  Have taxes deducted from your paycheck .   Sounds like a no-brainer, doesn't it?  In the office where I work, at least 30% of our customers come in and say "but my Aunt said that because I have a dependent, I shouldn't have to have any taxes taken out..." or "but my Mother said that if I just file Married and 4 then I will have enough taxes taken out..."      Mom and Auntie have been incorrect each time, unfortunately.  And the IRS doesn't take crying and tears into consideration at tax time.  Frankly, I don't have much patience for them either. Unless you make less than $11-$18,000 per year,  have 2-3 children and pay a lot of day care expenses, odds are you are