Taxes Information

Taxes Information

Taxation of Forgiven Debt: The 1099C & You


Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum.

Some Folks Pay A Lot Less Tax Than Others On Very Same Income-Did You Pay Too Much Tax In 2004?


Someone once remarked, "Next to being shot at and missed, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially small-business owners.

Getting A Second Extension to File 2004 Taxes


Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly.

Euro Tax Haven Threat


Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar, Monaco, Malta and Andorra, to disclose bank account owner information to their home country's tax authority.

Furnishing Evidence in E-Tax Compliance


Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This concept is recognised in all tax statutes, which sets out taxpayers' primary obligations, and clearly spells out that taxpayers are required to determine the amount of tax payable correctly and to pay it on time.

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.

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.

What You Need To Know About Taxes If You're Getting Married


It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation.

Send Your Kids To Summer Camp and Write It Off


If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13.

What Is Tax Law?


The federal tax code is complex. This complexity generally arises from two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the code.

History Of The Federal Income Tax


The powers of Congress, and the limitations set upon those powers, are set forth in Article I of the United States Constitution. Section 8 specifies both the power to collect, "Taxes, Duties, Imposts and Excises," and the requirement that, "Duties, Imposts and Excises shall be uniform throughout the United States.

State Tax Information


All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes.

About Income Taxes; Tidbits


1812The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt.

Requirements To Produce Tax Information (Whats Up With That?)


"What we've got here is a failure to communicate." --Strother Martin in Cool Hand Luke Statutory Law Governments pass laws, it's what they do.

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.

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MORE RESOURCES:

New York Times

Tax Bill Appeals Take Rising Toll on Governments
New York Times
Gus Kramer, a California assessor, said those appealing taxes say: “When can I have my refund check? I need to feed my family.” By JACK HEALY Homeowners ...

and more »


Providence Business News

The Internet isn't tax-free
Los Angeles Times
California should require online sellers to collect sales taxes, not leave that job to the buyer. What if California had $1 billion sitting around, unused, ...
Web retailers, states tussle over tax rulesThe Associated Press
Overstock Reverses Plan To Drop Calif,Hawaii AffiliatesWall Street Journal
States fire shots in Internet sales tax warCNN
VentureBeat -TMCnet -InformationWeek
all 324 news articles »


News 8 Austin

Thousands take part in 'tea party' protest against high taxes in ...
The Star-Ledger - NJ.com
Some 2000 people gathered on the Morristown Green to voice their protest over rising taxes as part of nationwide "tea party" rallies. ...
Tea Party Protests Rally Against TaxesCBS News
Omaha Residents Protest Taxes by Throwing Tea PartyAction 3 News
Why the July 4th Tax Day Tea Parties are full of hot July airExaminer.com
KCRG -News On 6 -Tallahassee Democrat
all 224 news articles »


Chicago Tribune

Not Everyone Agrees Internet Sales Should Be Tax Free
Wall Street Journal
It is very unfair that brick-and-mortar stores, like ours in Tennessee, have to charge sales tax to customers who shop in our store, but multibillion dollar ...
Amazon cuts RI affiliate ties over taxesBoston Globe
Blue Nile drops Rhode Island affiliates over state tax lawBizjournals.com
REFILE-Amazon shuts Web associates as sales taxes loomReuters
Wall Street Journal -Wall Street Journal -Bizjournals.com
all 329 news articles »


California's pot clubs offer to pay more tax in fiscal crisis
guardian.co.uk
Vendors of "medical marijuana" at legal herbal clinics in Oakland, California are offering to pay increased taxes in a move that many believe could save the ...

and more »


Washington Post

17-Year Term for Official in Tax Scam
New York Times
For nearly two decades, Ms. Walters used her job as a tax manager for the district treasury to issue $48 million in bogus property tax refunds for herself ...
Leader in DC tax scam gets 17 1/2 yearsWashington Times
Tax Scam Ringleader Gets 17.5 YearsNBC Washington
Swindle mastermind gets 17 1/2-year prison termWashington Times

all 171 news articles »


Boston Globe

Healthcare overhaul could limit tax breaks on benefits
Boston Globe
And because the federal government excludes health benefits from taxation, they pay no income taxes on any of it. Desperate to find ways to pay for a ...

and more »


East Valley Tribune

More than 2000 protest taxes in Gilbert
East Valley Tribune
July 4, 2009 No one acted out a violent revolution to protest taxes during the TEA Party held in Gilbert Saturday morning, which drew a record crowd from ...
Anger brews at Tea PartyNaperville Sun

all 2 news articles »


Boston Globe

Our opinion: Where are the Democrats?
Leader Vindicator
But the central question - a 16 percent increase in the state income tax, plus other tax increases, a $2 billion increase in taxes - will be decided by the ...
The crux of the debateThe Carrboro Citizen
Initiative could leave state in vulnerable spotEast Oregonian

all 105 news articles »


PennLive.com

Pennsylvania would be in the minority of states with broad-based ...
The Patriot-News - PennLive.com
In those where income taxes have been raised, "it's not been an everybody share-the-pain type of an increase. It's been let's go after these people at the ...
Shut down corporate tax loopholes to even playing fieldPennLive.com

all 2 news articles »

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