Trumpâ€™s Payroll-Tax Deferral Creates Predicament for Congress The Wall Street Journal
Poll of California voters finds resistance to new taxes Sacramento Bee
China slaps 200% tax on Australia wine amid tensions The Associated Press
Federal tax hit could take many unemployed people by surprise San Francisco Chronicle
Readers React: Our roads are in bad shape despite higher taxes The Morning Call
Cigarette Taxes and Cigarette Smuggling by State, 2018 Tax Foundation
These Tax Moves Could Save You Serious Money -- but You'll Need to Make Them Soon - Statesville Record & Landmark
These Tax Moves Could Save You Serious Money -- but You'll Need to Make Them Soon Statesville Record & Landmark
State must limit tax burden to aid recovery Seattle Times
Small businesses that took PPP aid may face a tax problem Minneapolis Star Tribune
Spokane City Council considers new sales tax to fund affordable housing The Spokesman-Review
Schuylkill to hold taxes level â€“ Times News Online tnonline.com
Barre's tax rate keeps climbing | Pandemic 2020 | timesargus.com Barre Montpelier Times Argus
Mayor claims tax issue is mixup Odessa American
How the proposed school reorganization would change taxes Williston Daily Herald
Lawmakers seek tax relief for Manhattan mom and pops New York Daily News
Vistaâ€™s Sheth Resigns Weeks After CEO Smith Settles Tax Probe The Wall Street Journal
Tax deal will help Fairfield Commerce Park development The Cincinnati Enquirer
Property owners may still be able to pay delinquent taxes Log Cabin Democrat
Itâ€™s Easier to Get a Tax Deduction for Donations This Year The New York Times
Don't burden hardworking Alaskans with new taxes Anchorage Daily News
Johnson County residents receiving tax statements in their mailboxes Kansas City Star
Lafayette will vote on changing two sales taxes on Dec. 5. Here's what that means - Daily Advertiser
Fact-Checking Trumpâ€™s Claim That He â€˜Prepaid Millionsâ€™ in Income Taxes The New York Times
Trump Tax Write-Offs Are Ensnared in 2 New York Fraud Investigations The New York Times
Washington County bringing in more property tax revenue due to growth Observer-Reporter
Columbus man charged with felony theft of state withholding taxes Channel3000.com - WISC-TV3
Why the governor can propose a tax cut Log Cabin Democrat
Doylestown contractor charged with tax fraud | Regional news Beaver Dam Daily Citizen
Somers town and village tax levy to increase 1.4 percent; village tax rate projected to drop - Kenosha News
Somers town and village tax levy to increase 1.4 percent; village tax rate projected to drop Kenosha News
Businesses get tax hikes Corvallis Gazette Times
City tax levy, budget to go before City Council final vote next month DeKalb Daily Chronicle
DuPage County doubles gas tax Chicago Daily Herald
DeKalb bars, restaurants not seeing enough sales to justify city tax rebate, say city officials - DeKalb Daily Chronicle
DeKalb bars, restaurants not seeing enough sales to justify city tax rebate, say city officials DeKalb Daily Chronicle
Meadville City Council members all on board with tax increase Meadville Tribune
The Tories cannot avoid the tax question forever Financial Times
Partnerships and S corps. can deduct state and local taxes Journal of Accountancy
Northborough single family home tax bill will see a slight decrease in FY21 Community Advocate
State Tax Revenue Rebound The Wall Street Journal
Cranberry Township Anticipating $1 Million Loss In Tax Revenue butlerradio.com
Roth IRA Conversions: Pay Now, Live Tax-Free Later Kiplinger's Personal Finance
Weber County officials don't foresee general fund property tax hike in coming years - Standard-Examiner
Weber County officials don't foresee general fund property tax hike in coming years Standard-Examiner
Proposed Yorkville School District property tax levy shows increase Kendall County Now
2020 Year-End Tax Planning Guide - Tax - United States Mondaq News Alerts
Tax Trends And Tips To Look Out For In 2021 - Tax - Luxembourg Mondaq News Alerts
Austin billionaire Sheth leaving Vista Equity in wake of Smith tax scandal - Austin American-Statesman
Austin billionaire Sheth leaving Vista Equity in wake of Smith tax scandal Austin American-Statesman
2021 Tax Brackets and Other Tax Changes Investopedia
President Trump's Taxes: A Readerâ€™s Guide The New York Times
Republicans, Not Biden, Are About to Raise Your Taxes The New York Times
How a Century of Real-Estate Tax Breaks Enriched Donald Trump The New York Times
As Soon as Trump Leaves Office, He Faces Greater Risk of Prosecution The New York Times
UK health professions call for climate tax on meat The Guardian
How To Get An Instant Pay Raise
As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of Income
Hurricane Katrina ? How To Use Your Business Loss To Get A Refund on 2004 Taxes
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes.
How Likely Are You To Be Audited?
Statistics for Individuals
Home Business Tax Tips
If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly.
Get Uncle Sam To Pay $36,000 For Your Childs Education!
Let's assume that you would like to begin saving for your children's education fund. At the end of each year, for the next 8 years, you will contribute $2,000 into a Coverdell Education Savings Account (Education IRA), using your after-tax dollars. The money grows tax-free, and neither the contribution nor the interest is taxed when you make a withdrawal, as long as you use it for education purposes.
Tax Tips to Save Money on Taxes - Get the Corporate Kick and Save Loads of Money
Why a Corporation Helps Save You Taxes
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from those properties impacts your taxes.
Early Distributions From Retirement Plans
An early distribution from an Individual Retirement Arrangement (IRA) or a qualified retirement plan need not be a "taxing" experience. Fortunately, there are exceptions to early distributions.
IRS Statute of Limitations: Do Taxes Ever Expire?
Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes. Taxes do expire at some point and in some cases IRS does not get the money they were legally entitled to collect.
Keeping Your Own Money ? NOT Handing It Over To The Taxman
Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, usually in one of two mistaken beliefs. Either:
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have overpaid because they are not required to but you can file an amended return for up to three years. Chances are, you either prepare your business taxes yourself or have your tax preparer or CPA does them. There a number of issues surrounding either tax preparation method, which can result in your tax liability being calculated as higher than it actually is including missed deductions, numerous changes in tax laws or being given incorrect advice. As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Another area, which causes many business owners to overpay, is being given incorrect advice by their CPA, tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer, prepares an average of 480 returns between February 1st and April 15th, that is a lot of returns in a relatively short amount of time which makes it difficult for your return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Moreover, in a poll of 50 professional tax preparers, consisting of 10 basic tax questions, none answered all 10 questions correctly and only 34 got at least half correct. This problem does not extend to just tax preparers or CPA's. In the IRS's 2001 assessment of their own 544 call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether you do your taxes yourself and had to call the IRS for clarification on an issue or your CPA did, odds are the answer was not accurate. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can easily make a mistake or, forget to use an exemption which could reduce your tax liability. If you have not yet filed your taxes, it is a good idea to get a second opinion from an independent source. The extra money and time spent in doing this could save you thousands. Look for someone or a company who: · Has sufficient years preparing home-based business tax returns · Prepares less than the average number of returns between January and April so that your return gets sufficient time and attention. · Have had clients get a second opinion. In addition, talk to those clients to get there first hand insight. · Is willing to pay for a second review of your tax returns to ensure accuracy. · Is willing to take MSN's online Tax IQ Test at http://moneycentral.msn.com/investor/calcs/n_taxq/main.asp. Although designed for consumers, this test contains basic tax information that even junior level tax preparers should know. Just as you trust a surgeon with your life, you trust this individual or company with your money and confidential information. Be highly selective and do not be afraid to put them through a rigorous qualification. If they are not willing to participate in your qualification then either they do not know their stuff or, your business is not that important to them. If you already filed your taxes or think you might have missed out on deductions, have been given bad advice or failed to take advantage of a tax law change which could reduce your liability for previous tax years, what can you do? The good news is that by law, the IRS is required, for up to three years, to review your returns and records as many times as needed to find errors. You have the same three years to get a second opinion and file an amended return. In fact, in 2002, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado Springs, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. You may worry that an amended return will trigger an audit however; the IRS itself admits this is not the case. In 2002 alone, 3.3 million taxpayers filed an amended return. The IRS is not the big, bad agency we used to know. In fact, statistics show that audits are down and continue to decline. Businesses throughout the U.S. overpay their taxes to the tune of billions each year and your money could be part of the billions that is overpaid. When it comes to your taxes, always get a second opinion to ensure you are not paying more than you should and, you can even hit pay dirt by looking back.
A Taxing Investment
April 15 - The most dreaded day of the year is right around the corner. Are you ready? Some of the most neglected (and misunderstood) tax issues are those related to your investments. If you invest with taxes in mind, you can avoid a nasty surprise when Uncle Sam comes to collect.
Tax Reduction Tips
In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes. Following are a few tax reduction tips that could help you save a bundle.
Save Money on Taxes - Is the Only Way to Get Your Tax Savings is to Sleep With an IRS Agent?
Tilting the Tax Laws in Your Favor.
Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)
We all love to criticize the IRS, don't we? And I'm just as guilty as anyone. It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.
Uncle Sam is Ready...Are You? Organizing Tips for Tax Time
Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall, Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow, and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you have a small business or investments--even more paper.
What to Do If You Can?t Pay Your Taxes
The end of tax filing extensions is quickly approaching. What do you do if you can't pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help.
How To Get An Extension To File Your Business Tax Returns
Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you can't imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your file the appropriate form. As you might expect, there are different forms for different businesses.
Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane
Deducting Your Auto Expenses
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