As featured in The Wall Street Journal, Money Magazine, and more!


The Adoption Tax Credit

by Luke Landes

For the first time ever, the adoption tax credit is refundable. This is a great change for parents who have adopted children in the past few years, because it means they could file their 2010 taxes and receive a bigger-than-expected refund. Keep in mind that refundable is a good thing when it comes to taxes; […]

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How to Get Audited By the IRS

by Luke Landes

If you have an adventurous, thrill-seeking personality, your life may never be complete until you’ve solicited an income tax audit from the Internal Revenue Service. There is good news and bad news for you. The good news is that audits have been more frequent in past years, so the chance of being audited has increased. […]

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H&R Block Online Tax Filing Review

by Luke Landes

This is a relatively long review of H&R Block’s online tax preparation and filing service. H&R Block has provided Consumerism Commentary with six coupon codes for H&R Block Premium Edition, the most complete service offered by the company. If you haven’t filed your household’s tax return yet, chances are taxes are on your mind. If […]

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Federal Taxes on Bonus Pay

by Luke Landes

With the holidays approaching, many companies are preparing their bonus checks, and employees who are looking forward to their bonuses are concerned about tax consequences. I gave up this “extra” part of my corporate pay for the benefit of working for myself when I left my day job last year. If this year were anything […]

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Tax Tips When Looking for Work is Your Job

by Leigh Mutert

About the author: This is a guest article written by Leigh Mutert, CPA. Leigh is the manager of the H&R Block Get it Right Community, a blog that focuses on breaking down complex topics for taxpayers, and the manager of social media, corporate relations for H&R Block. Leigh was a recent guest on the Consumerism […]

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Check Your Federal Tax Refund With Your Phone

by Luke Landes

Although the tax code is mired with decades-old rules, fixed up with temporary bandages every year, and convoluted, the IRS is still able to produce something fresh, modern, and simple. Today, the government agency released its free application for iPhone and Android phones, IRS2Go. The app simplifies the process of checking the status of your […]

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Itemizers Must Wait Until February 14 to Submit Tax Returns

by Luke Landes

Thanks to the bevy of new changes to the tax code for 2010, the IRS is still unprepared to handle tax returns filed early. If you itemize your deductions, you must wait until Valentine’s Day to submit your returns to the IRS. That doesn’t stop taxpayers from starting early. If you use software to file […]

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Do You Have to Repay the Homebuyer Tax Credit?

by Luke Landes

If you purchased a house in 2008, beware of this new change on the 2010 income tax returns. Some taxpayers who claimed the first-time home buyer tax credit will be required to pay the credit back to the government this April. The initial $7,500 tax credit was available to homeowners who purchased their first house […]

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Tax-Free Distributions From Your IRA: Charitable Rollover

by Luke Landes

First enacted in 2006, the charitable IRA rollover is a way to let certain taxpayers reduce their tax liability. Individuals who own an IRA must begin taking minimum distributions at age 70½, and those distributions could increase the tax bill at a time when there may not be much income. While the tax bill will […]

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How to Pay a Tax Bill You Can’t Afford

by Luke Landes

It’s a good thing I’ve been saving a good portion of my income for the past year. Even with making estimated tax payments — the last of which is due on January 18 — I’ll have a significant tax bill this year thanks to increased income. Many taxpayers may not look forward to filing their […]

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