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Tax breaks can help when you lose your job - USA Today

Google IRS Federal Income Tax - Fri, 2010-03-12 01:54

Benzinga

Tax breaks can help when you lose your job
USA Today
To use this service, you must go to www.irs.gov and click on the Free File link. •Community resources. You may be eligible for the Volunteer Income Tax ...
IRS federal income tax brackets for 2009 tax returns 1040 – Tax brackets for ...Healthy Financial Habits
Make $51000, Pay No Federal TaxFutureOfCapitalism.com
Accounting News Roundup: Record Number of 'Nonpayers' of Income Tax in '08 ...Going Concern (blog)
MoneyRates (blog) -Signal
all 19 news articles »
Categories: Tax news

Appointments accepted for free income tax help - Journal Gazette and Times-Courier

Google IRS Federal Income Tax - Thu, 2010-03-11 16:16

Appointments accepted for free income tax help
Journal Gazette and Times-Courier
The Volunteer Income Tax Assistance program is available through the Internal Revenue Service and the RSVP volunteers have been certified through the IRS to ...
Help for the elderly at tax timeNewsChannel5.com
2009 income tax tables for filing federal income taxes online – IRS Income tax ...Healthy Financial Habits
Volunteer income tax assistance programNorthJersey.com
Penn State Live -Before It's News -Quad-Cities Online
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Martin Midstream Partners LP Receives Favorable Private Letter Ruling From ... - CNNMoney.com (press release)

Google IRS Federal Income Tax - Thu, 2010-03-11 16:01

Martin Midstream Partners LP Receives Favorable Private Letter Ruling From ...
CNNMoney.com (press release)
In order for the Partnership to be classified as a partnership for US federal income tax purposes, at least 90% of its gross income each year must be ...

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Parents Run Risks Helping Kids Buy A Home (Investor's Business Daily)

Yahoo Tax - Thu, 2010-03-11 15:45
Investor's Business Daily - The end of the federal tax credit for homebuyers is fast approaching. That means crunch time for parents who want to help their kids buy a place as inexpensively as possible.
Categories: Tax news

Dollar dips as Greece announces new spending cuts (AP)

Yahoo Tax - Thu, 2010-03-11 15:17
AP - The dollar eased against the euro and the pound Thursday as Greece announced additional salary cuts and tax hikes to deal with its ballooning deficit, while China reported a jump in inflation.
Categories: Tax news

USAA sues IRS for tax refund - San Antonio Express

Google IRS Federal Income Tax - Thu, 2010-03-11 14:52

USAA sues IRS for tax refund
San Antonio Express
USAA last week sued the federal government in US District Court in San Antonio seeking a tax refund on income it earned from members' credit-card ...

Categories: Tax news

Former aide to US Rep. Shays pleads guilty (AP)

Yahoo Tax - Thu, 2010-03-11 12:02
AP - The ex-campaign manager for former U.S. Rep. Chris Shays pleaded guilty Thursday to tax evasion and to taking more than $250,000 in campaign money for car repairs, limousine rides, baseball tickets, furniture and other personal uses.
Categories: Tax news

Stolen Swiss bank data at HSBC hits 24,000 clients (AFP)

Yahoo Tax - Thu, 2010-03-11 11:25

AFP - A Swiss unit of global banking giant HSBC revealed Thursday that details on 24,000 bank customers may have been leaked in a major security breach that has helped fuel pressure on Switzerland over tax evasion.


Categories: Tax news

Settlement with IRS may benefit MGIC - Bizjournals.com

Google IRS Federal Income Tax - Thu, 2010-03-11 08:44

Settlement with IRS may benefit MGIC
Bizjournals.com
The company could show a net gain of up to $82 million after resolving income tax issues. The Milwaukee-based mortgage insurer is involved in a dispute with ...

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File your 2009 federal income taxes online with free turbo tax online – Free ... - Healthy Financial Habits

Google IRS Federal Income Tax - Thu, 2010-03-11 06:41

NY1

File your 2009 federal income taxes online with free turbo tax online – Free ...
Healthy Financial Habits
... the Internal Revenue service to prepare your federal income tax returns and are capable of electronically transmitting your tax information to the IRS. ...
Filing Your Taxes in 2010Philadelphia Inquirer
Get Tax Filing Help Without The Huge FeeNY1
New filing option offered by IRSCherry Hill Courier Post

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If your 2009 was rough, seek breaks at tax time - Detroit Free Press

Google IRS Federal Income Tax - Thu, 2010-03-11 01:17

If your 2009 was rough, seek breaks at tax time
Detroit Free Press
But if last year was particularly rough, you might qualify for the Earned Income Tax Credit. You must have some income from wages or a job for 2009 and earn ...

Categories: Tax news

"Amazon Tax": Not a Money Maker

Tax Foundation - Wed, 2010-03-10 22:00

On CNBC's "Closing Bell" yesterday, Ann Holley of KPMG discusses how so-called "Amazon tax" laws -- which force online retailers such as Amazon.com to collect sales taxes -- could affect state budget deficits. She cites the Tax Foundation's recent report on Amazon taxes, which notes that rather than increasing revenue, these taxes can lead to a revenue drop:

Sponsors have promised that a revenue windfall would follow enactment of an Amazon tax, but no windfalls have been forthcoming so far. This is often because online companies respond to Amazon tax law enactments by ending their affiliate programs. Rhode Island revenue-analysis office head Paul Dion stated in December 2009 that the six-month-old law had collected no revenue. An affiliate trade group believes that Rhode Island has seen less tax revenue come in, because the elimination of the affiliate program reduced income and thus income tax collections. State Treasurer Frank Caprio echoed this, saying, "The affiliate tax has hurt Rhode Island businesses and stifled their growth, as they've been shut out of some of the world's largest marketplaces, and should be repealed immediately."

See the video clip here:

Read Tax Foundation Special Report, No. 176, "'Amazon Tax' Laws Signal Business Unfriendliness and Will Worsen Short-Term Budget Problems."

Categories: Tax news

Idaho Governor Woos Oregon and Washington State Businesses Over Tax Policy

Tax Foundation - Wed, 2010-03-10 22:00

Idaho may have scored lower in business friendly tax structure than its western neighbors Oregon and Washington in our State Business Tax Climate Index, but trends may change. While Oregon has no sales tax and Washington has no income tax (and not having a major tax is a big advantage, since you lose all the compliance and administrative burden), Oregon has pushed through big income tax increases and Washington State is considering a sales tax increase and a bunch of business tax increases.

Idaho Gov. C.L. "Butch" Otter (R) has jumped in the fray:

Last month, for example, Oregon voters approved their legislature’s decision to raise taxes on the wealthy and on many businesses by $727 million. The immediate result was that my phone started ringing – and so did phones over at our Department of Commerce.[...]

The problem in Oregon is that folks were convinced that state government was what needed to be shored up rather than the jobs- and revenue-producing private sector for which state government is supposed to work. As a result, they’re chasing some of their cash cows to the border. And I welcome those businesses with open arms.

We now are reaching out to hundreds of Oregon businesses, and will do the same with those in Washington if the legislature there follows Oregon’s lead. We aren’t offering many bells and whistles, but what we can offer is a business-friendly State government, a highly qualified and motivated work force, and communities where people understand that while government cannot be the solution to their problems it can and must be a champion for their own solutions.[...]

For those Oregon businesses facing a decision about whether to lay off employees or close their doors entirely, I have a proposal: Move to Idaho. The Tax Foundation rates our corporate tax burden at 17th in the nation, compared to Oregon’s ranking of 31st.   Our individual tax burden is lower, too. Those kinds of numbers can make a real difference to a bottom line.[...]

Gov. Otter notes correctly that Idaho's score on the corporate income tax category of our Index is 17th, beating both Oregon and Washington State.

More on Idaho here.

Categories: Tax news

Georgia Cigarette Tax Hike Would Spur Cross-Border, Black Market Sales

Tax Foundation - Wed, 2010-03-10 22:00

The $1 cigarette tax hike being proposed by some Georgia lawmakers would push cigarette sales out of state or into the black market, according to a new Tax Foundation report.

Read Tax Foundation Fiscal Fact, No. 215, "Georgia Should Refrain from Relying on Smokers to Fill Budget Hole."

Categories: Tax news

Senate passes $149 billion for jobless aid (Reuters)

Yahoo Tax - Wed, 2010-03-10 21:45
Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Categories: Tax news

Bend man convicted on federal tax evasion charges - KTVZ

Google IRS Federal Income Tax - Wed, 2010-03-10 19:35

Bend man convicted on federal tax evasion charges
KTVZ
Prior to 1995, Miller regularly filed federal income tax returns with the Internal Revenue Service (IRS). In 1995 and 1996, Miller began using abusive ...

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US Senate adopts aid for unemployed (AFP)

Yahoo Tax - Wed, 2010-03-10 19:07

AFP - The US Senate has adopted a 140-billion-dollar raft of measures aimed at shoring up unemployment benefits and setting out tax breaks to spur job creation.


Categories: Tax news

Roll Call: Senate vote on jobless aid measure (AP)

Yahoo Tax - Wed, 2010-03-10 17:51
AP - The 62-36 roll call Wednesday by which the Senate voted to extend jobless aid, tax breaks to businesses and individuals and money to help financially strapped states pay for health care for the poor.
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