Personal Finance Buzz

Have you considered challenging your personal finance assumptions? What sort of things might you be assuming about how to handle your personal finances?

If you itemize on your taxes and were worried about filing in time because of the delayed start to filing season, you're in luck. The IRS announced an extended tax filing deadline today for 2010 taxes in 2011.

If you’re not sure how to file your income taxes electronically, never fear! Filing income taxes online isn’t nearly as confusing or overwhelming as it may appear from a distance. In fact, most people find it to be easier than doing their taxes the traditional way.

Federal tax filing can be a complicated process, especially if your filing status changes in the middle of a tax year. In general, your status for filing your federal taxes depends on whether you are considered unmarried or married on the last day of the tax year which is December 31st. Marriage is defined as a legal union between a man and a woman for the purposes of filing federal income taxes.

When you first got married, you probably made a lot of assumptions about what your spouse believed about money. That’s perfectly natural. Usually, instead of taking the time and effort to fully getting to know someone, we take an emotional short cut and assume that they’ll do things in the exact same way as we do . . .

Late on filing your back taxes? Take action now to avoid wasting time and money while easing the negative consequences of filing late back taxes.

If you don’t pay what the IRS says you owe it’ll end up costing you a lot more than your initial tax bill. When you skip out on your taxes, there are some fairly harsh penalties.