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One quirk of the tax laws is that if you converted a regular retirement account to a Roth IRA during 2013, you can undo that conversion at any time before your 2013 return is due. By filing for an ...
If you opt to user IRS Form 4868, you’ll also get an automatic six-month extension. This form, too, will require you to estimate your tax liability, but you won't have to make a payment immediately.
For the tax year 2013, some taxpayers experienced the first year-to-year income-tax rate increase since 1993, although the rate increase came about not as a result of the 2012 Act, but as a result of the expiration of the Bush tax cuts. The new rates for income, capital gains, estates, and the alternative minimum tax would be made permanent. [3 ...
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For tax returns filed in 2020, 2021, and 2022, the minimum failure to file penalty is $435 for returns filed 60 days late — or 100% of the tax required to be shown on the return, if that is less ...
Filing for a tax extension is pretty easy, but there are a lot of misconceptions about the topic. The truth: Getting a tax extension gives you more time to submit a return, but you don’t get ...
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