Tips For Tax Procrastinators -- Don't use these strategies

Tracey has presented a number of excellent ways to deal with your tax procrastination. To reinforce her message, I thought I'd mention a few strategies that you should avoid at all costs, such as ---

Don't call the IRS while in your cups and warn them that the Freedom of Information act will allow you to learn the agent's addresses, and that you will go medieval on their asses if they force you into a corner.

Don't offer to meet them in the lobby of the Mayflower Hotel on April 17th at 4 p.m. in hopes of 'persuading' them to overlook your tax debt. Don't tell them the stop word is "Eliot".

Don't offer to become a stoolie, or bring proof that your uncle Bruce is skimming quarters from his newspaper box route, in hopes they will waive your debt.

Don't try to pay in pennies, yuan, venison, or ganja.

Don't write your check on a piece of spoiled meat or a dirty diaper.

Don't try to convince them you're the Holy Church of Bob and therefore exempt from taxes. The IRS has no patience with propheteers.

Don't fake insanity. Insanity is a hard defense to use for not paying taxes; actually, as a taxpayer, it helps to be a little crazy, so you don't deliberate too long on which sinkhole your money is pouring into.

Don't threaten to take the case to your buddy, President Bush. He pays taxes just like you do. (Yeah, right!)

Finally, don't wear your Armani suit, your Patek Phillipe Watch, your Coach bag and Manolo Blahnik shoes to your meeting with the IRS agent. Unless you really want to pay more taxes.

Read more Tips for Tax Procrastinators

What is Form 1099-B: Proceeds from Broker Transactions?

If you sell stocks, bonds, derivatives or other securities through a broker, you can expect to receive one or more copies of Form 1099-B in January. This form is used to report gains or losses from such transactions in the preceding year. People who participate in formal bartering networks may get a copy of the form, too.

Read More

Brought to you by TurboTax.com

Is Your Car Registration Deductible?

Your car registration fees may be partially deductible on your federal income taxes, but only under certain circumstances.

Read More

Brought to you by TurboTax.com

10 Tax Tips for the Suddenly Unemployed

If you are facing unexpected unemployment, you may be eligible for a variety of income tax benefits. Losing a job is always hard, but these tax tips should help you maximize your tax refund.

Read More

Brought to you by TurboTax.com

Can You Check for Unclaimed Tax Refunds?

The IRS puts a limit on the time in which you can claim a refund for the over-payment of tax. However, you can't check if you have a refund due to you until you complete a tax return. To amend a prior year return to claim any overpaid taxes, you have three years from the date you filed it. If you didn't file a tax return, then you have two years to submit one in order to claim a refund that you are owed.

Read More

Brought to you by TurboTax.com
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.