Univision Radio KQ103FM transmitting live from ATAX-Orlando, Florida promoting the Luis Jimenez Show at the House of Blues.
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Time is running out. You only have a couple days to file your taxes, but if you feel you don't want to rush the process, you file an extension. This will prevent you from getting a late-filling penalty as long as you file by October 15.
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President Barack Obama and his wife, Michelle, reported adjusted gross income of $481,098 for 2013, down 21 percent from last year, according to tax returns released yesterday by the White House.
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Heartbleed, the massive flaw in web encryption recently made public, is just one of the unending stream of vulnerabilities that enables hackers to steal personal details and passwords from companies with which you do business.
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Each year at tax time we look to see how we can reduce our tax bill. Anyone who has filed a return for more than a few years is well aware of the usual suspects, the most common itemized deductions that hit our Schedule A - Mortgage Interest, State Income Tax, Real Estate Tax, and Charitable Donations.
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The Associated Press reported Monday that your chances of getting audited are the lowest in years. "This year, the IRS will have fewer agents auditing returns than at any time since at least the 1980s," the report says
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The IRS audited less than 1 percent of individual tax returns in 2013, the lowest rate since 2005, and the number of individual returns that will be audited this year will decline even further, IRS commissioner John Koskinen told the Associated Press.
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The IRS has some advice for taxpayers who may have missed the April 15 tax filing deadline.
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The New York tri-state area has a lot of complainers—when it comes to taxes, that is. In New York and New Jersey and Connecticut, more than three-quarters of state residents say that their state tax bite is too high, according to a recent Gallup poll. That compares to only a fifth of Wyoming and Alaska residents who feel the same way.
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The IRS has begun accepting registrations for its 2014 Nationwide Tax Forums, and is offering discounted registrations to those who sign up early.
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