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Was Your Refund Too High or Did You Owe Taxes? You Probably Need to Adjust Your W-4
If you are a wage earner and that is your primary source of income and you received a very large refund—or worse, if you owed money—then your employer is not withholding the correct amount of tax (but it probably isn’t your employer’s fault). Sure, you like a big refund, but you have to remember you are only getting your own money back that was over-withheld in the first place. Why not bank it and have access to it all year long instead of providing Uncle Sam with an interest-free loan?

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What Are the Tax Implications of Paying or Receiving Alimony?
Recently divorced individuals may pay or receive alimony. If this is your situation, here are some tips for how to correctly treat the payments on your tax return.

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Owe Taxes and Can't Pay?
Are you one of the unfortunate Americans that end up owing and cannot pay your tax liability?

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First 2016 Estimated Tax Payment Due Soon
The government wants its tax revenue up front and has a “pay-as-you-go” system, and if your pre-paid amount is not enough, you become liable for non-deductible interest penalties. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement.

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Understanding the Fine Points of Capital Gains and Losses
There is a category of income resulting from the sale of capital assets that receives special treatment for tax purposes.

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