Taxes Archive

It is often difficult to determine the indication of needing to file a property tax appeal, but there are signs. The following are a few good indications that a property tax appeal is necessary: One …

This happens very rarely, but it does happen to some people. What am I talking about? I am talking about the dreaded IRS audit. Only around two percent of people are going to get audited, …

Using the word tax and fairness in the same sentence is an oxymoron of sorts. Taxes were brought in, initially, as a temporay measure, to help pay for war time expenses. It has now been …

According to Benjamin Franklin, nothing in this world is certain other than death and taxes.  Needless to say, most Americans scramble during the tax filing season. They constantly search for ways and means in order …

BusinessWeek’s recent cover story about how corporate America is milking the poor, The Poverty Business, touched a nerve. I’ve long been disgusted by such scams as payday loans and check cashing “services” which prey on …

The IRS (Internal Revenue Service) is responsible for enforcement of tax laws in the United States. This government agency is also responsible for tax collection. Taxpayers enjoy many rights which unfortunately most of them fail …

This is where you can try to make sense of all those “rules” that are laid out when it comes to your property taxes. To begin the Federal guides and the State guides in most …

All states collect some form (or multiple forms) of state taxes. Tax revenue is a vital source of revenue that allows states to meet their obligations without borrowing money for vital services. What most taxpayers …

Believe it or not, there’s some circumstances where the IRS simply grants an extension automatically, without the filer having to do anything. For example, you can file two months after April 15 if where you …

I have been preparing taxes and H&R Block for three years and can explain, from my own experience, why people come to me, not a CPA, or use software. First, I explain what I am …

In 2010, 1,581,393 IRS audits were performed by the U.S. Internal Revenue Service according to Syracuse University federal tracking data. Of these audits 78.3 percent were by correspondence and 21.7 percent involved in person contact …

The New Tax Stimulus Act Can Save You Money In 2009 The New Tax Stimulus Act for 2009 covers tax credits for unemployment benefits, earned income tax, new car sales tax, first-time homeowners tax credits …

State income tax rates range from zero percent in numerous states (Florida, South Dakota, Texas, Washington, Wyoming, and more) to 6 percent in North Carolina.  It seems like a person would be crazy to live …

As a hard-pressed UK taxpayer, you may feel that you have no rights at all. After all, there is certain information you are obliged to disclose to Her Majesty’s Revenue and Customs (HMRC), regardless of whether …

It can be very tempting to take an early 401k withdrawal. There are times when money is to tight that it is hard to know whether or not the bills will be covered. In other …

Selling your home is a major decision. You have to make sure that you have a fair price, have your house in tip-top shape and can find a buyer. A lot of people also have …

Certain members of the Armed Forces and other support personnel are eligible for automatic extensions of the deadlines for filing tax returns, paying taxes, claiming refunds, and taking other Internal Revenue Service (IRS) actions.  The …

For those taxpayers who took college courses or employment training in 2010, the money spent on these courses can result in lower taxes.  The Internal Revenue Service has specific requirements on how much can be …

In February of 2010, Bernard Madhoff told the New York Magazine that the United States federal government operates a giant Ponzi scheme. Madhoff represents the worst of the parasites that leech money from unsuspecting “investors.” …

Easy Tax Time And Still Worth The Fees For Us! ~H&R Block~ Pros: Close by, friendly service, our refunds got better!Cons: High fees. NO PANIC, NO HASSLE! I’ve filed jointly with my husband for years. …

The Laffer Curve, although popularized and named for Arthur Laffer, is a very old (and somewhat obvious) concept in economics. It dictates, essentially, that at a tax rate of zero the government will earn no …

If you have just received notification that you are being audited, you are probably a little bit nervous. However, if you’ve been honest with your accounting, you should really have absolutely nothing to fear when …

The best thing that can be said about deducting medical expenses on your income tax form is that in order to be worthwhile, it must be almost catastrophic. Of course,  just how catastrophic depends on …

P { margin-bottom: 0.08in; }A:link { } Ever since taxes have existed in America, the ability of municipalities, states and the federal government to legislate revenue earning mechanisms has been a reality. Such being the …

The 401k is designed for you to save funds for your retirement. The fund will make a significant share of its profits through compound interest. Compound interest works over a long period of time and …

As a means to help accommodate military families, the government has the Military Tax Relief Act of 2003 which has been signed into law on November 11, 2003. Under the law, there are various items …

Because everyone makes mistakes, the IRS has devised a way for you to fix mistakes made on your federal income tax return. The method is to use the 1040x form for filing an amended return. …

Whether you are a full-time student or are taking an employment related course, you may be able to take advantage of several federal tax benefits. Depending on your modified adjusted gross income (MAGI) and other …

Vote for me and I’ll give you free cash! The Working Family Tax Credit is quite simply an electoral bribe to subsidize the national minimum wage, both employees and employers dependant on Labor staying in …

A thousand millionaires owed no US Federal tax in 2007. 1,646 tax filers with incomes from $500,000 to $1 million were ruled to be “nontaxable”. While this was a tiny drop in the ocean of …