Tips for Tax Procrastinators: Get help from the pros

The worst part about doing your taxes (other than paying the government) is feeling like you don't know what you're doing. It's no secret that the United States Tax Code is incredibly complex, so it's no wonder that the average consumer can't do their taxes on their own.

If you have a pretty basic tax return and you want to tackle it on your own, get a book to help you. One choice is Taxes For Dummies which gives a lot of information in an understandable book. It's easy to find what you need in this book, so it will definitely give you a hand with your taxes.

If your tax situation is not so basic, you probably need help from a tax professional. Don't be afraid to ask friends or family members, but remember that your best option is probably to see a qualified tax preparer. That person can make sure that you get all the deductions you're entitled to, and will help you file the correct forms and schedules. Don't take chances with your tax situation. When it doubt, get help from someone qualified.

Read more Tips for Tax Procrastinators

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

Tax Tips for Employees Who Work at Home

If you're an employee who works at home, you may be eligible for tax deductions that are unavailable to in-office employees.

Read More

Brought to you by TurboTax.com

The Tax Benefits of Your 401(k) Plan

Your contributions to a qualified 401(k) may lower your tax bill and help you build financial security.

Read More

Brought to you by TurboTax.com

What Is IRS Form 5498: IRA Contributions Information?

Form 5498: IRA Contributions Information reports your IRA contributions to the IRS. Your IRA trustee or issuer - not you - is required to file this form with the IRS by May 31.

Read More

Brought to you by TurboTax.com

Taxes and the Federal Poverty Level Guidelines

The federal government defines individuals and families as being in poverty if their household income falls below a certain level. The level varies based on household size and, to a lesser extent, location. Although many government programs base their eligibility requirements on federal poverty guidelines, taxes have a minor link to them.

Read More

Brought to you by TurboTax.com
Read Full Story