Category Archives: Tax Guide

Do’s and don’ts for taxpayers who get a letter or notice from the IRS

Most taxpayers would get panic when they receive a notice from the IRS, however there is nothing to get panic, this post would help you to deal with IRS letter or notice and variety of reasons including if:

  • They have a balance due.
  • They are due a larger or smaller refund.
  • The agency has a question about their tax return.
  • They need to verify identity.
  • The agency needs additional information.
  • The agency changed their tax return.
Continue reading Do’s and don’ts for taxpayers who get a letter or notice from the IRS
 

TaxGarden is an IRS Authorized E-File Provider!

TaxGarden is an IRS Authorized E-File Provider!

We’re an IRS Authorized electronic filing service provider for Federal Tax Extension Applications. TaxGarden a product of Jeevan Technologies Inc. a Brentwood based IT servicing company that also owns TruckDues.com the most preferred and most trusted 2290 tax filing website for Owner Operators and Trucking companies. A simplified and straight forward website to report and pay the federal tax returns electronically. Pocket friendly pricing to make it affordable and enabling you to choose electronic filing over paper return, to have a rewarding experience. This is what majority of taxpayers look out for while choosing a Tax Preparer.

Continue reading TaxGarden is an IRS Authorized E-File Provider!
 

Late Filing and Late Paying Penalties

April 15, the personal tax deadline is long gone and still there are many who have done their duty. If you owe a refund and you did not file it on time, you are safe. But, if you owe tax to the IRS and did not file it on time, you are sure to invite late filing and late payment penalties on to yourself.

Late Filing Penalty:
When you do not file your tax on time, you will have to pay 5 percent of the unpaid taxes for each month or part of a month that that you delay in filing as penalty. Late filing penalty normally won’t exceed 25 percent of your unpaid taxes. Continue reading Late Filing and Late Paying Penalties

 

When to Plan for your Child’s Financial Future?

There is this ‘Someday’ concept that we keep applying for almost all long term financial goals. “Someday I will buy a house of my own”, “Someday I will go for a world tour”, and when it comes to saving money for this “Someday” we never ever start it unless there is some pushing need.  And one fine day, after it gets too late for saving, you just while away the rest of the time complaining about how you wasted your time or how you never got a chance to save money for your desire. Financial planning experts say, “Your money saving goal starts only when you actually start putting your efforts towards it. You just can’t expect things to happen just because you want it to happen- you will need to give your hard work.” Continue reading When to Plan for your Child’s Financial Future?

 

Tax Extension and Affordable Care Act Exemption

Affordable care act is one of the latest headaches for many taxpayers who already find tax season tedious and demanding. People had been running from corner to corner in hope to get enrolled in some eligible health coverage. Not because they just want coverage but to escape the shared responsibility payments which will only add to their already hefty tax liability.

On the other hand, there were people who found it hard to even file their tax on time and have moved on to file form 4868 to extend their filing for another 6 months. But what good does it do to the Affordable Care Act payment. Can filing a tax extension buy some time for the penalty it imposes for not having a valid health insurance during that tax year? There are lot of other doubts and speculations around this new topic but let’s stick to what good can tax filing extension do to the health care penalty in this post.
Continue reading Tax Extension and Affordable Care Act Exemption