http://fiscaltax.com/tax-blogThere are pros and cons to filing for an extension on your tax return. It could be the right choice for you if you were unemployed during 2011 or 2012, you cannot pay the taxes you owe, or you don’t have all the documentation you need to file your tax returns by April 17, 2012, but there are consequences.http://fiscaltax.com/tax-blog/2012/april/is-filing-for-an-extension-on-your-tax-return-right-for-youWed, 31 Dec 1969 19:00:00 -0500You’ve no doubt heard the hype recently about being able to get your 1040EZ tax return prepared FREE at WalMart by HR Block and Jackson-Hewitt. But is this offer really available to most filers or is it a “Bait & Switch” promotional ploy?http://fiscaltax.com/tax-blog/2012/january/is-free-tax-preparation-really-freeWed, 31 Dec 1969 19:00:00 -0500On October 12, 2010, the Internal Revenue Service (IRS) issued final regulations under a law change that will require additional reporting to investors and the IRS by stock brokers and mutual fund companies for most stock purchased in 2011, and all stock purchased in 2012 and later years. The additional reporting is optional for stock purchased prior to January 1, 2011.http://fiscaltax.com/tax-blog/2012/january/if-you-bought-stocks-or-mutual-funds-in-2011-beware-of-a-law-changeWed, 31 Dec 1969 19:00:00 -0500For many years, people have had the option of applying for a Refund Anticipation Loan (RAL) for the convenience of picking up a check usually in fewer than 24 hours. Many tax preparation companies can no longer offer this attractive option. And for those who still can, this is the last year RALs will be available.http://fiscaltax.com/tax-blog/2012/january/refund-anticipation-loans-to-become-an-option-of-the-pastWed, 31 Dec 1969 19:00:00 -0500If you have a Traditional IRA, [SEP, 401(k), 403(b)]* you have a first-time tax planning opportunity to convert them to a Roth IRA, regardless of your income level.http://fiscaltax.com/tax-blog/2011/december/take-advantage-of-the-new-no-income-limit-roth-ira-tax-lawWed, 31 Dec 1969 19:00:00 -0500For years you've heard of Refund Anticipation Loans (RALs). Fiscal Tax was the first tax preparation company in Indiana to offer them in the form of Express Refunds. Other tax preparation companies followed suit a year later. For the tax year of 2011, there is now an alternative that is sure to be the most popular way ever to get your tax refunds.http://fiscaltax.com/tax-blog/2011/december/get-your-2011-tax-refunds-back-in-a-whole-new-wayWed, 31 Dec 1969 19:00:00 -0500The new rules and regulations for 2011 from the IRS and individual states have been released. At Fiscal Tax, one of our most important responsibilities to our clients is to stay on top of these changes to assure that you receive all the tax credits due you. Though we are based in Central Indiana, we can provide expert advice and tax preparation no matter which state you claim as your permanent residence. There are many overlooked deductions that are often overlooked and we are here to make sure you don't miss any of them. http://fiscaltax.com/tax-blog/2011/december/tips-on-saving-money-on-your-taxesWed, 31 Dec 1969 19:00:00 -0500The holidays are a time when we can feel the pinch of spending and over-spending. In the midst of giving to those we love, we can lose sight of budgets. Holidays are the most common times of year where we feel our budgets flexing, and often times, busting. As we head into the holiday season, here are a few tips that will help keep spending under control. http://fiscaltax.com/tax-blog/2011/november/making-it-through-the-holidays-on-a-budgetWed, 31 Dec 1969 19:00:00 -0500Adopting a child is a gift to a family. It also comes with a lot of costs. Between traveling, court and attorney fees, and adoption fees, the process of adoption can be a strain on a budget. Fortunately for adopting families, there is a federal tax credit available. http://fiscaltax.com/tax-blog/2011/october/additions-to-your-family-could-mean-additions-to-your-tax-creditsWed, 31 Dec 1969 19:00:00 -0500A lot of people choose to give to charities over the holidays. While giving is mostly altruistic, there are benefits to donating to charities. If you’re planning on giving this year and when the time comes to get ready for tax preparation, here are some things to consider. http://fiscaltax.com/tax-blog/2011/october/things-to-consider-when-giving-to-charityWed, 31 Dec 1969 19:00:00 -0500