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Too much? or Not to much? That is the question?

January 24, 2009 by  
Filed under Questions & Answers

sillycat asked:


Normally, I go to a CPA who would charge me anywhere from $35 to $40 to do my taxes.. However, he is not set-up to efile. So, I decided to go through someone else. A friend recommended another CPA who does efile. So, I decided to go ahead with it.. Little did I realize, he would charge me $75. So, my question is that expensive? Keep in mind. I am very easy.. Simple 1040!

Have you filed your 2007 Taxes?

January 24, 2009 by  
Filed under Questions & Answers

Tiffany M asked:


If so…… When did you file, how did you file (efile or mail), Direct deposit or check mailed and when did you get your refund back?

Just wondering…….. Thanks for answering

Ok turbo tax site says free but now its charging, I filed my taxes 2 months ago and all i paid was 2995?

January 22, 2009 by  
Filed under Questions & Answers

you can pick my name…… asked:


Now my mom is filing and the sign in page still says its free federal and efile but 2995 for state. But shes gone all the way to the end and it says that shes paying 2995 for Turbo tax and 3495 for state… why would this be? I even checked it over it did the same thing when i checked it for her…. Help….

Estimated Tax – How much do I pay for estimated tax if I expect to make a lot less than the year previous?

January 22, 2009 by  
Filed under Questions & Answers

J D asked:


Hello, I have made quite a bit less than expected and am not sure whether or not I will owe any taxes after the standard deduction… How much should I pay for estimated tax? If I overpay in estimated tax, what happens?

I am itemizing my taxes for the first time this year. What do I need to send to the IRS for backup docs?

January 22, 2009 by  
Filed under Questions & Answers

ConfusedinCT asked:


I have a house (I bought in early ’07) so there is interest and taxes from that, as well as student loans, mortgage interest, charitable stuff, etc. What pieces of paper do I actually have to send along with my IRS forms?

You and an Irs Tax Debt: Don’t be Afraid

January 13, 2009 by  
Filed under Articles

IRS Hitman asked:


What happened? You’ve filed your taxes and you’re in trouble. Maybe you filed yourself or you went to one of those companies that file your taxes for your. After finishing everything you find out you owe money! You recheck your math and deductions once, twice, three times and…you really are in debt to the IRS! It’s understandable that you’re mad as hell or you want to start crying, but the IRS-Hitman has some advice.



Don’t panic…don’t ignore the debt, and do file the return. You can try to put off the debt by requesting an extension; October 15th is the latest you can put it off. This could give you a chance to come up with the money that you owe by then. But you do have to file, and the longer you wait the harder the debt will be to deal with.

Depending on how much you owe, you can try to deal with the IRS on your own, or you can seek professional tax help. The first thing you need to do however is to jump on the problem immediately! Do not wait.

Can I bury my head in the sand? I recommend against this. What happens if you wait? First of all the IRS starts sending you letters telling you how much you owe, and asks that you contact them to setup arrangements. If you don’t respond to the IRS then…well, things can get real bad real fast for you. The IRS can seize your wages, seize you bank account, or any other accounts you have. They can also put a levy on your home. That’s why taking immediate action is so important.

But wait… There are options available to you. You want to take action, but you have no way to pay the debt in full. Most people can’t pay their IRS debt in full, and usually it’s over $1,000. Not too many people have that kind of money lying around.

• Setup a payment plan with the IRS.

• Apply for an Offer in Compromise. This can reduce your debt to pennies on the dollar. Beware however, this is very difficult to get, and the IRS frequently denies applicants.

• Apply for Currently Not Collectible status. Again this is very difficult as you have to prove to the IRS that you are living at the bare minimum.

Choose wisely…However you choose to deal with your IRS tax debt is up to you. The key is to make a choice, and not to bury your head in the sand. Just because you don’t see an IRS-Hitman doesn’t mean he doesn’t have you in his sights.

Now you have the smoking gun…Use it!



In getting the IRS stimulus refund, will i get it direct deposit or by paper check?

January 12, 2009 by  
Filed under Questions & Answers

bear asked:


My taxes were done electronically over the internet and my federal was direct deposited but my state check was paper mailed to me for some reason. So which would i get from the IRS?

Is the IRS Stimulus check automatic, or did we need to file for it separately?

January 10, 2009 by  
Filed under Questions & Answers

LaTonya J asked:


I have not recieved a check, everyone around me has. The person who prepared my taxes said we need not file, it is something the government does automatically. Is this true or were we misinformed?

I was wondering if I’ll receive an IRS stimulus tax return?

January 2, 2009 by  
Filed under Questions & Answers

mattbob345 asked:


I am a 21 year old college student who made $7,000 in 2007. My parents claim me as dependent on them when they file the taxes. Am I still eligible to receive an IRS stimulus tax return?

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