The IRS says H&R Block ( HRB ) bungled more than 600K tax returns , impacting ~10% of the 6.6M returns containing Form 8863 used in claiming education credits; refunds for those taxpayers will be delayed by as much as six weeks. 9 comments! Use tax time to review your investment-related taxes, deductions, and contributions. This article represents opinions of the author and not those of his firm and are subject to change from time to time and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment strategy. The information contained here has been obtained from ... Given the plethora of problems facing H&R Block HRB over the last year, the firm was still able to grow the number of tax returns it processed for the first half of the tax season (returns processed through February 28th). Through its 1040 EZ free file program, greater marketing spend, and greater ... If you're retired and show $0 on line 7 of your 1040 U.S. Individual Income Tax Return for "Wages, salaries,tips,etc., and the vast majority of your reportable income is listed on line 9a as "Ordinary dividends", is there a limit to how much in Capital Gains from trading securites you can have ... *** enter disclosure *** WASHINGTON, Jan 8 (Reuters) - The U.S. Internal Revenue Service said on Tuesday it will begin accepting 2012 tax filings on Jan. 30, eight days later than originally planned due to last-minute... I need to insert a required explanatory statement every year in my 1040 form. (It is to explain the IRS-required muni tax-exempt interest amortization adjustment for muni bonds purchased at a premium.)   I am hoping to move to Mexico -- where sending a paper tax return by snail mail is very risky ... Avoid penalties and overpayments by managing your required minimum distributions, withdrawal sequence, quarterly tax estimates, deductions, and more.<br/><br/><b>[0:00:06]</b> ... It's Tax Relief Week on Morningstar.com, and today, we're talking about managing <b>taxes</b> in retirement. A big part of that is avoiding retirement tax pitfalls. Here with me to talk about that is Morningstar's Christine Benz, ... <br/><b>[0:02:36]</b> ... those accounts. The next one, Christine, has to do with the income <b>taxes</b>. So before retirement, you are used to paying income <b>taxes</b> once a year; in retirement things tend to change. How can you avoid a pitfall in how you are managing your income <b>taxes</b>? Benz : And another key difference, too, Jason is that you are not getting a paycheck in retirement, typically, although a lot of retirees are working these days. But if you are not getting a paycheck, that withholding isn't happening. So, you've got to pay the government, and they want you to pay as you go. So, most retirees do pay quarterly estimated <b>taxes</b>. You want to keep these on schedule because if you are on the hook for these quarterly estimated <b>taxes</b>, you will pay a penalty if you don't pay them on time. So, keep these on your radar. There is a Form <b>1040</b>-ES; that's an <b>IRS</b> form that includes a worksheet of how to calculate what your quarterly payment should be. Stipp : Another thing, obviously, you will be thinking about as you are doing your <b>taxes</b> are the deductions you can take. Health care is one of those. How can you make sure that you are getting everything ... <br/><b>[0:04:05]</b> ... in a given year, you can actually deduct that amount on your <b>taxes</b>. So, it pays to keep close track. I think a lot of retirees, unfortunately, will be surprised to see how large some of these expenditures are when they add them all up, but they could be valuable on their tax return. Stipp : Another possible deduction has to do with real estate. How can you avoid pitfalls as you are doing your <b>taxes</b> and thinking about the possible deductions you can get for your homeownership? Benz : A lot of the seniors I know and folks I talk to on the website, one of their biggest household expenses in retirement is their property tax bill, and they've maybe stayed in their large house where they raised their family because they love it and their kids love it, but it does trigger some very large <b>taxes</b>. So in many states, there are exemptions, freezes, that you can apply for as a senior. In Illinois, for example, we've got ... <br/><b>[0:05:37]</b> ... they like to do it themselves. But one potential pitfall, especially with <b>taxes</b>, is not asking for help when maybe help could really benefit you. Benz : I think so. So, as you go along, certainly if you have something complicated going on with your <b>taxes</b>, it's great to find the partner, whether an accountant or a financial advisor. But I think this gets particularly important as folks get on in years. Maybe they have been very avid filers of their own <b>tax</b> <b>returns</b>. But I think it helps to loop someone in, in case something should happen to you. Make sure that someone is abreast ... <br/> More on H&R Block's ( HRB ) FQ4 results : Prepared 22.175M U.S. tax returns in the just completed tax season, down 0.7% Y/Y, plus 3.3M returns outside the U.S., up 1.3% Y/Y. Says it gained ground on competitors in online tax services, preparing 4.89M returns, up 10.9% Y/Y. The tax season got off to ...