This publication is dedicated exclusively to the new homeowners who are just getting started and taking the first steps to their new home ownership. This publication will explain the tax rules, taxes, fees, and the ins and outs of doing everything you need to do and stay on track to getting your tax return filed on time.
If you’re a first-time homeowner, this publication will answer a number of questions that you might have.
The first two posts in this section are from 2013 and 2014. The last post is from 2014 and will help you cover the next three years.
As it turns out, the first-time homebuyer is not necessarily an experienced consumer. The first couple of years you can expect to have tax questions on your taxes, particularly if you or your spouse were self-employed in a prior job. Most tax questions that you might have are covered in the IRS’ publication ‘How to Prepare For Tax Season.
The best way to avoid this first-time tax question is to be prepared. If you have a business, have a tax professional prepare your returns for you. There are many tax preparation resources you can check out that I discuss in my book, Tax Season: How to Prepare Your Taxes for the First Time.
I know that I have a tendency to get too excited when I hear the term tax season. It sounds like another “end-of-the-year” season. And in a way, it is. The last two months of the year, tax season has come to an end. But before that, it has been a time for tax planning, tax preparation, and tax relief.
The best option is to check with your state tax authorities and get a copy of your taxes.
Yes, tax season is when you receive your annual filing (or annual returns). However, it is also a time for tax preparation. You should be prepared to file your tax bill, pay your taxes, and file your return. I have a tax preparation tip for you: don’t wait for your tax bill. This is the time when the IRS usually gets around to putting your taxes together. So let them do it.
Your taxes are the best way to go. You can only file your tax forms if you’re not doing anything else. You can file a check for taxes through the IRS website and make that online. However, it’s best to only file your taxes via a form.
You can either file your taxes online or do it at your local bank branch. If you do your taxes at a local bank branch, keep in mind the bank’s policy of not having any fees on paper. So if you are filing your taxes online, be sure to use a secure page and include your bank card number to guarantee you will be able to pay your taxes online. You can also use the IRS website to file your taxes.
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