thetaxinfosource.com   Taxes are inevitable.

People filing tax forms in 1920 (Photo credit: Wikipedia)

Filing a tax return is a very important process, and due to the important nature of this process, it is very important that the return is filed precisely. By improperly filing a tax return, an individual will be susceptible to fines and possibly an audit.

One of the most important things about properly filing a tax return, is to ensure that you have the proper forms for your particular situation. If you’re not sure about what form to use for the filing of your taxes, you can get the information that you need from your local tax office. The Internal revenue service has an abundance of highly qualified personnel who can help you with this situation. Ensure that you fill out the form in its entirety, because by not filling out the form completely the return may be rejected.

Make sure that all of your sources of income are properly identified. By missing any source of income, your document may be rejected, or you may not get the full amount of the tax return that is due to you if this is applicable. Use any financial documents that you have in order to assist you in filing your return in an accurate manner. Seek to accurately tabulate your tax liability, which will prevent you from having tax liability problems in the future. It is important to ensure that all of the personal details that you list on your tax form are accurate and up-to-date. It is important that you claim all deductions that are due to you, which will help to ensure that you only pay the tax that you owe, and that you receive the refund that is due to you.

Ensure that you claim all of the exemptions that you’re qualified for. This will help to ensure that you’re only paying the taxes that you owe. It is very important that you file your taxes by the due date for that tax year, which is usually April 15. Keep all of the documents that were used in the filing of your taxes, and seek professional IRS audit help if needed. Click here for more information.

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Sarah A. is an avid wildlife hunter and is well versed in the art of speech and enjoys working for a provider of tax resolution services. She enjoys time with her 7 kids and grandson. You can contact her at http://www.toptaxdefenders.com.

Image via Wikipedia

The Service Members Civil Relief Act (also known as SCRA) is a tax act that applies to active military personnel. It provides tax benefits beginning as soon as you receive your orders for active duty. Here are 8 tax tips for military personnel regarding your benefits under SCRA.

1. You are not charged state income taxes in a state that you are not a resident of while you are working for the military. Your spouse is also protected from an increase in their income tax due to your income.

2. You are given a longer period of time to pay your taxes while in active duty. This grace period lasts until 180 days after your active duty ends.

3. If you give you life in the service of your country, your death gratuity (which is payable to your family) is tax free.

4. You are permitted to claim some travel expenses (usually within a hundred miles from your residence) as part of your military responsibilities. Claim these expenses on line twenty four of tax form 1040.

5. You are permitted to designate another person to represent you to the IRS regarding your tax return. This person can respond to inquiries from the IRS regarding your tax return while you are overseas or on active duty.

6. Some of your income military benefits are tax, including combat pay. You are also permitted to deduct interests form your mortgage and property taxes even if you use BAH to pay for your home. Legal fees, dental care and child care can be used as deductions.

7. You are eligible for an Earned Income Credit at a higher income than civilians. If you have several children and earned $34,458, or one child and earned $30,328 you are still eligible for EIC. You may not file foreign earned income if you wish to claim this credit, and returns on personal investments must be under $2650.

8. While in active duty you are exempt from residency requirements, which state you must live in the United States for half of each tax year.

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Jacobi is a former soldier in the United States army, he learned the hard way that tax law is more flexible for US’ finest.