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How To File a Tax Extension with Form 4868

If you’re having trouble meeting the tax filing deadline, you can fill out Form 4868 to ask for an extension. This form lets you push back your federal income tax return deadline until October 15. You must send in your request by the tax deadline, which is usually April 15 ....

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5 Simple Steps to Fix  Rejected Tax Returns

You spent days, perhaps even months, wrestling with receipts, forms, and numbers to prepare your tax return. After countless hours of hard work, you finally completed it. You breathed a sigh of relief as you hit the file button.But, just when you thought it was over, unexpected news arrived. The ....

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7 Smart Tax-Saving Strategies for High-Income Earners

Coffee cup, spiral notebook, calculator, and pen on white background, with handwritten Save Money And Reduce Taxes- taken in natural light with strong shadow to create realistic indoor moodEarning a high income has advantages, but it can also put you in a higher tax bracket. This means the government takes ....

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Ignorance: A Flimsy Excuse for Not Filing FBARS

Here’s one of the most frequent questions people ask me about  Foreign Bank Account Reports (FBARs).‘‘I recently learned about the need to file an FBAR for overseas accounts with over $10,000. I am eligible but I haven’t filed because I was unaware of this requirement. Can ignorance be a valid ....

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Unemployed? 5 Things You Need To Know Before Cashing Out 401(K) Early

Here’s one of the most frequently asked questions I receive about 401(K) withdrawal.”I recently lost my job, and unfortunately, I don’t have an emergency fund or other financial resources to cover my daily expenses. Can I take money out of my 401(k) without facing early withdrawal penalties?”The question is important ....

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