April 15this a big day in America! It is the day Uncle Sam holds out his hand, waiting for whatever you may owe. For many of us, the end result is a refund. But if you don't plan well, you might find yourself writing out a check for a large sum to the IRS. Or worse, paying large penalties!

1. What is the IRS and what is itsfunction?
2. Howdodeductionsandexemptionsbenefittaxpayers?
3. How do you qualify for a tax refund?
4. Whataretheprosandconsofhavingalargeamountofmoneywithheldfortaxes?
5. Whataretheprosandconsofelectronicallyfilingyourtaxes?