TaxSlayer Blog
TaxSlayer Blog is your source for tax preparation news, tips and advice .
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Now that tax season is over, you’re left with your tax records and hopefully a little of your refund as well! Many taxpayers often wonder how long should I keep my tax records. Is it 1 year, 2 years or until the end of the world? The IRS suggests holding onto most tax records for three years; however, some records such as a home purchase or sale, stock transactions, IRA and business or rental property should be kept longer. In addition to keeping tax records, the IRS states taxpayers should keep all documents that ... [More]
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In addition to having two extra days to meet the tax deadline this year, taxpayers also have two extra days to make contributions to their Individual Retirement Accounts (IRA). This is great news for those searching for additional deductions because you may be able to deduct some or all of your contributions. Here are some guidelines to keep in mind for your IRA contributions: You must make contributions for 2011 by April 17, 2012. For 2011, the most you can contribute to your traditional IRA is generally the small... [More]


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The deadline for filing your individual tax return will be April 17th this year. You must ensure that your return is filed no later than this date to ensure that you avoid any late filing penalties that may be levied by the IRS if you wait until after the deadline. TaxSlayer.com is FAST and EASY and can make sure that you maximize your tax refund. There are a few different scenarios to consider when filing your tax return: Filing with a refund: This is by far the easiest scenario to consider. The IRS owes YOU money; ... [More]


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Year after year we have customers who come to us with tax questions. These questions aren’t simply support issues with the software but rather specific and detailed tax issues that may require the input of a CPA or an Enrolled Agent. We have always done everything we could to help with these questions but now we are taking it a step farther. TaxSlayer is now pleased to offer one on one tax advice to all of our premium users. We will connect you directly with a CPA or EA who can promptly and specifically answer your tax... [More]


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