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TAX PREPARATION

What Should I Do If I Can’t File My Taxes In Time?

By The BIDaWIZ Team on April 11th, 2013 at 10:30 pm

The clock is ticking for taxpayers to get their tax returns filed as the April 15th deadline is upon us. If you're scrambling last minute to try to get your tax return filed, you still have options to ensure that the return is filed correctly and on time. Also, if you're one of the unlucky ones that have yet to receive a long awaited k-1 or 1099 form from the issuer, there are options for you as well. .
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INVESTING, TAX PREPARATION

What Are The New Cost Basis Reporting Rules For The 2012 Tax Year?

By The BIDaWIZ Team on March 1st, 2013 at 12:00 pm

Last year, the new cost basis reporting rules went into effect. This greatly impacted brokerage houses as well as taxpayers because of the time required to meet this new requirement. More paperwork is on the way. Specifically, in addition to stocks, you and your broker are now both responsible for reporting the cost basis of mutual funds shares, dividend reinvestment plans (DRIPs) and most exchange traded funds (ETFs) for the sale of such securities during the 2012 tax year. Read More.

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TAX PREPARATION

Avoid These Common Tax Return Mistakes

By The BIDaWIZ Team on February 8th, 2013 at 5:00 pm

We are in full swing with tax season now that the January 30th delayed start date has passed. With that mind, many tax filers need to watch out for the most common mistakes made when completing a return. Read More.

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TAX PREPARATION

What If I Haven’t Received My W-2 Form Yet Or It’s Incorrect?

By The BIDaWIZ Team on February 1st, 2013 at 5:45 pm

Now that we're in February, the deadline for employers to send W-2 and 1099 forms to their workers has passed. Of course, they can and should still send them as it is a requirement for tax reporting. What should you do if you haven't received your W-2 form or it's incorrect? .
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TAX PREPARATION

How Much Are You Paying Your Accountant?

By The BIDaWIZ Team on January 25th, 2013 at 11:00 am

Millions of personal and business tax returns will be filed within the next three months. Some filers will opt to use online tax software, while others will seek the professional assistance of a CPA or Enrolled Agent. If you decide to use a tax professional, how much should you expect to pay in fees? A new survey provides some key pricing figures that we should all review. Read More.

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TAX PREPARATION

When Should I Start Filing My 2012 Tax Returns?

By The BIDaWIZ Team on January 11th, 2013 at 12:00 pm

The tax filing season is about to start for many taxpayers. However, the day that the IRS will begin processing tax returns has been delayed further due to the last minute tax agreement reached by Congress. When should you file your tax return? Read More.

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TAX PREPARATION, TAX REPORTING

What Does the Fiscal Deal Mean For Your 2012 & 2013 Taxes?

By The BIDaWIZ Team on January 4th, 2013 at 5:00 pm

Despite significant criticism, congressional leaders came together in the end to sign into law new legislation that bodes well for the vast majority of individual taxpayers and small businesses. There was certainly some compromise in the tax bill, but many folks should be happy about the result. How will you benefit or not? Read More.

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TAX PREPARATION, TAX SAVINGS

Last Minute 2012 Personal Tax Deduction Questions

By The BIDaWIZ Team on December 21st, 2012 at 10:00 am

The end of the year and the tax filing season is upon us. As you prepare to gather your tax documents, it’s important to understand all of the nuances for claiming personal tax deductions. Read More.

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TAX PREPARATION

IRS Extends Tax Deadlines For Hurricane Sandy Victims

By The BIDaWIZ Team on November 2nd, 2012 at 4:00 pm

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The IRS has shown some compassion for Hurricane Sandy victims. They've extended a few tax deadlines that impact businesses and may provide greater relief in the future. .
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TAX PREPARATION, TAX SAVINGS

What Job-Hunting Costs Can I Deduct on My Tax Return?

By The BIDaWIZ Team on September 21st, 2012 at 5:00 pm

The labor market is still struggling with elevated levels of unemployment. That means that there should be a large number of individuals looking for work in addition to those already in the labor force and looking to upgrade. Searching for jobs can be expensive. Find out what costs are deductible. .
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