What tax bracket are you in? How much to withold? What is a FICA? Do I pay estimated taxes? How bad are the penalties? What are all the tax forms? What is a alternative minimum tax? Can I get audited? When to start tax planning?

When people hear the words, "audit", some shrek in fear. Don't fear, audit rates have declined over the past few years. Experts argue that the best way to minimize your chances of being audited by the IRS is to file your taxes on time and use some sort of software to double check your math.

Make sure you keep all paper records for at least 6 years even though the IRS only has 3 years to audit a return, but if they find out that you underreported your gross income by more than 25 percent, then some states have a longer statue of limitations.

Jan 31		If you haven't paid your 4th quarter estimated tax , you can opt to file last year's return by Jan 31.
Feb 17		If you claimed exemption from withholding last year, you need to file a new W-4 to continue the exemption.
Apr 15		Taxes are Due
Dec 31		Last day to setup most self-employed retirement accounts.