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With today’s deadline for filing 2006 tax returns, this is peak season for audit anxiety. The prospect of having to document all the claims on one’s tax return is dizzying at best — and terrifying at worst. Here is the lowdown on your risk of being audited, how the process works and what you should expect […]

The Nation: Too Big to Fail?
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Some Late tax Tips
Tom Herman has some last minute pointers ahead of Tuesday’s deadline: Consider filing electronically. You’ll probably get a refund more quickly than filing the old-fashioned paper way. Through March 30, nearly 57 million returns were e-filed, up 6% from a year earlier. Don’t overlook a new, one-time phone-tax refund. That may sound obvious, but millions of taxpayers […]

The ABCs of Dealing With the AMT
Ouch. As of this week’s filing deadline, some four million people wound up owing more in taxes — sometimes several thousand dollars more — for 2006 than they would have otherwise, thanks to the federal alternative minimum tax. Among them: Alex Hopwood, 38, a vice president of finance at American Express in New York, who had […]

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This entry was posted on Tuesday, August 26th, 2008 at 3:16 pm and is filed under Tax Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.