Qualifying For Earned Income Tax Credit

What is the Earned Income Tax Credit (EIC)?  EIC is a refundable credit for workers earning low or moderate incomes to supplement the income earned through working.  If you qualify for EIC it gives you the opportunity to reduce your taxes and increase your tax refund....

Guide To Filling Out Form W-4

Tax forms can be difficult to fill out even when they come with their own set of instructions.  Form W-4 is no exception.  All employees must complete the two-page form so that employers know how much federal income tax to withhold from your paycheck.  What is...

Know Which Tax Filing Status Is Right For You

Your tax filing status will determine your tax liability and if you are to receive a tax refund.  It will tell you what tax forms you are to file when completing your tax return this year.  Your filing status will determine your tax bracket, number of deductions,...

Dealing With Delinquent Tax Returns

For one reason or another a few of us may have skipped filing our federal income tax returns.  But what happens if you do not file your taxes?  If you are delinquent, take control of the situation by coming up with a plan and protecting your rights.  The goal with...