DIRS.INFO The most relevant business & tech news

The creators of the hit crime drama "Better Call Saul" on Monday won the dismissal of a defamation and trademark infringement lawsuit by Liberty Tax Service for depicting a shady fictional tax firm that appeared to resemble its own. Gardephe said Liberty Tax offered no "particularly compelling" allegations that viewers would be confused into thinking Sweet Liberty was one of its more than 2,500 offices. "Better Call Saul" starred Bob Odenkirk as Saul Goodman, a corrupt lawyer also known as Jimmy McGill. Peter Siachos, a lawyer for Liberty Tax, said his client will explore its legal options, including an appeal or refiling the lawsuit in a state court. Both said their use of Sweet Liberty was protected by the U.S. Constitution's First Amendment.

Persons: Bob Odenkirk, Saul, Paul Gardephe, Gardephe, Liberty, Saul Goodman, Jimmy McGill, Goodman, Craig, Betsy Kettleman, Rosa Parks, Parks, Peter Siachos, Jonathan Stempel, Rami Ayyub Organizations: REUTERS, Monday, Liberty Tax Service, U.S, District, AMC Networks, Sony Pictures Television, Liberty Tax Services, Liberty Tax, Liberty, Court, Southern District of, Thomson Locations: Los Angeles , California, U.S, Manhattan, New Mexico, Virginia Beach , Virginia, Southern District, Southern District of New York, New York

☆ Trying to fund an individual retirement account ahead of the Tax Day deadline? Here's what you need to know
▼ + stars: | 2023-04-18 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

The deadline to make IRA contributions generally coincides with Tax Day. Some residents of eight states have federal tax deadline postponements until May, July or October due to natural disasters, according to the IRS. Roth IRA contributions, on the other hand, consist of post-tax contributions. You may be able to get around these restrictions through a Roth conversion, where traditional IRA funds are moved to a Roth IRA. While funding a Roth IRA may not immediately affect your tax circumstances now, experts say it may be the better pick in the long run.

Many Americans rely on their tax refund as a way to catch up on bills and other expenses. Inflation means that refunds have dropped in value, and refunds are expected to be much lower this year. Your 2022 tax refund will likely be a lot smaller than the tax refund you received in 2021. More than 129 million Americans received an average tax refund of $2,815 for their 2020 taxes. If Americans received refunds of $2,815, on average, in 2023, it would represent a $26.7 billion loss to inflation.

Even if you're not planning on lying on your taxes, make sure you're not accidentally doing anything wrong. You run the risk of being audited and facing harsh penalties when you exaggerate deductions or leave income out. While most people don't intentionally lie on their taxes, you should make sure you're not accidentally misrepresenting the facts. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's website1. If a taxpayer is caught doing this, it can result in fines, penalties, and interest charges on the amount of taxes owed.

See Insider's picks for the best tax software »Insider's Featured Tax Software Tax SlayerLiberty TaxH&R Block Tax Software Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's websiteSuperseding vs. amended returnsNow, I'm not a tax expert. Unfortunately, I didn't know until after I re-filed that it's possible to file a superseding tax return instead of an amended return. A superseding tax return is an option to make changes to your filed return. Instead of creating an amended return, it replaces your entire original tax return.

Workers who get paid in cash, especially sex workers, face extra challenges during tax season. But people who work in cash economies — like sex workers, bartenders, servers, and side-hustlers who get paid in cash — face additional challenges during tax season. "I just remember feeling so paralyzed any time I thought about finance," sex worker and tax preparer Daisy Douglas tells Insider. Insider's Featured Tax Software Tax SlayerLiberty TaxH&R Block Tax Software Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. "Assert your rights and let them know that this is the way tip income is supposed to be reported."

Here are the five biggest myths around tax refunds that tax experts say are important to know this tax season. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's websiteMyth No. 1: Calling the IRS or visiting their office can speed up your refundAfter you file your taxes, you might find yourself eager for your tax refund check. 3: Getting a large tax refund is the goalWhile it might be a nice feeling to receive a hefty tax refund, CPA Keeyon Upkins says it shouldn't be your ultimate goal as a taxpayer. 5: Tax refunds receive interestIf your tax refund is sent to you in a timely manner, you might think you're owed interest on that payment.

If I filed taxes with my husband, we would be in a higher tax bracket, costing us more. We decided that until we had kids, we'd file our taxes separately. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's websiteWhile my partner and I do share similar values and strategies around how we approach our money, it was important to me to keep most of our finances separate for the first few years of marriage. This also meant that I felt more comfortable holding off on filing taxes together and sticking to a "married filing separately" filing status. Taxable income $ 0 Effective tax rate 0 % Estimated federal taxes $ 0 Federal taxes withheld $ 02.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Info Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Continue Income Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Continue Dependents Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Continue Deductions Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

I waited until April to file last year, but I'm going to be more proactive with my taxes this year. Personal Info Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Taxable income $ 0 Effective tax rate 0 % Estimated federal taxes $ 0 Federal taxes withheld $ 0How I filed my taxesThere's a lot of ways to do your taxes. TaxSlayer filed my federal and my state taxes for me, but didn't file my city taxes. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's websiteGetting my refundAfter a couple weeks, my refund came in the mail.

Not everyone who has a pet can deduct their pet care costs, but it's worth learning the rules. Here are five unusual tax deductions that accountants say many people don't even know they might be eligible to take. See Insider's picks for the best tax software »Insider's Featured Tax Software Tax SlayerLiberty TaxH&R Block Tax Software Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's website1. However, she does share that in order to take these deductions, you have to itemize — you can deduct expenses that exceed 7.5% of your adjusted gross income.

☆ Why do I owe taxes this year? 6 reasons you may not get a refund
▼ + stars: | 2022-12-19 | by ( Jamie Johnson | Lisa Niser | Jamie Johnson Is A Kansas City-Based Personal Finance Writer Whose Work Has Been Featured On Several Of The Top Finance | ) www.businessinsider.com time to read: +10 min

Common reasons include underpaying quarterly taxes if you're self-employed or not updating your withholding as a W-2 employee. Let's look at six common reasons some people could owe money to the IRS. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's website1. If you underpay your quarterly taxes — or fail to pay them — you could owe money at the end of the year. If you haven't paid any income taxes on the benefits you received, you may owe money when you file.

There are many exceptions that may require you to keep your tax records for longer. Within three years, you can amend your tax return in order to claim a credit or refund. If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. The bottom lineThe IRS clearly outlines the guidelines around how long you should keep your tax records.

In the years I owe, I find myself grateful for the abundance of the past year as I input each number into my tax filing software. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's websiteTaxAct is an online tax prep company where you can prepare and file your tax return yourself. Simple state tax returns are free at the $99.95 price point, while more complicated state returns cost $44.95 each. Simple state tax returns are free at the $99.95 price point, while more complicated state returns cost $44.95 each. When you first initiate the tax filing process with TaxAct, you will be guided through a series of questions.

Taxpayers can expect to see an increased standard deduction and child tax credit when filing their tax return, while other deductions have been eliminated or capped. Most taxpayers can file their tax return online using services like TurboTax, H&R Block, Liberty Tax, and TaxAct. That means that the law's changes will hit your wallet when you file your tax return before Tax Day on April 15, 2019. Let's take a look at some of the biggest changes you can expect on your tax return when you file this year. A bigger Child Tax CreditIn 2017, the Child Tax Credit was $1,000 per child.

Search resuls for: "Liberty Tax"

15 mentions found