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IRS sees Ohio University president's house as taxable - Columbus Dispatch

Google IRS Federal Income Tax - Sun, 2014-07-13 20:50

IRS sees Ohio University president's house as taxable
Columbus Dispatch
An ongoing IRS audit of OU found that McDavis should pay taxes on his free residency at OU. The university's board of trustees thought otherwise, voting last month to cover the “unexpected” cost: about $19,000 in federal, state and local taxes for this ...

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IRS to Rubber-Stamp Tax-Exempt Status for Most Charities After Scandal - TIME

Google IRS Federal Income Tax - Sun, 2014-07-13 20:36

Forbes

IRS to Rubber-Stamp Tax-Exempt Status for Most Charities After Scandal
TIME
Amid ongoing controversy over its scrutiny of nonprofits, the Internal Revenue Service has decided it will no longer screen approximately 80% of the organizations seeking tax-exempt charitable status each year, a change that will ease the creation of ...
12 Expenses That Aren't Tax Deductions For Most TaxpayersForbes

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A modern fairy tale playing out in Washington - Daily Commercial

Google IRS Federal Income Tax - Sun, 2014-07-13 03:01

Fox News

A modern fairy tale playing out in Washington
Daily Commercial
The new Internal Revenue Service was launched with a very modest tax threshold of $3,000 (about $70,000 today) and most Americans in 1913 did not make enough money to pay any federal income tax. But Pandora's tax box had been opened and the IRS ...
LETTER: Federal government is bloatedCherry Hill Courier Post

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Categories: Tax news

Keep your eye on local taxes, too - Tyler Morning Telegraph

Google IRS Federal Income Tax - Sat, 2014-07-12 20:22

Keep your eye on local taxes, too
Tyler Morning Telegraph
It's important the public remain engaged in the process. While we think of Washington and the IRS when we think of taxes, federal income taxes are only a portion of the total taxes we all pay. If we don't pay attention now, we could be surprised by a ...

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12 Expenses That Aren't Tax Deductions For Most Taxpayers - Forbes

Google IRS Federal Income Tax - Sat, 2014-07-12 15:28

Forbes

12 Expenses That Aren't Tax Deductions For Most Taxpayers
Forbes
“Can I deduct the cost of taking care of my cat? She's like a member of the family.” Over the course of the year, I've received a bunch of questions – like the one above – about deductions. My answer is often, “It depends.” That's because facts and ...

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Bailout Act Includes Tax Breaks for the Little Guy

SmartMoney.com - Tax Matters - Wed, 2008-10-08 12:27
The unpopular Fed bailout act does offer some nice tax breaks.
Categories: Tax news

A Smart Tax Move for Short-Term Investors

SmartMoney.com - Tax Matters - Wed, 2008-10-01 11:30
Reduce the tax hit on short-term bets by investing in broad-based equity index options.
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Refundable AMT Credit Could Mean Cash Back for You

SmartMoney.com - Tax Matters - Wed, 2008-09-24 09:49
If you exercised incentive stock options and got socked by the AMT, here's some relief.
Categories: Tax news

Borrowing From Your IRA

SmartMoney.com - Tax Matters - Thu, 2008-09-18 08:16
It can be a source for an interest-free short-term loan -- or a bad idea if you do it wrong.
Categories: Tax news

Why Our @*$! Tax Code Is So Confusing

SmartMoney.com - Tax Matters - Wed, 2008-09-10 08:30
I'm a CPA and our stupid tax code even drives me nuts. Politicians, are you listening?
Categories: Tax news

Which Cars Qualify for Alternative Fuel Credit?

SmartMoney.com - Tax Matters - Thu, 2008-09-04 06:34
Here's a list of which vehicles still qualify for the juicy tax credit of up to $3,000.
Categories: Tax news

IRAs Are Better Than Ever as Retirement Tool

SmartMoney.com - Tax Matters - Wed, 2008-08-27 07:03
More folks are eligible -- and the contribution limits are higher. So get on this.
Categories: Tax news

Late Payments of Estimated Taxes Can Be Smart Move

SmartMoney.com - Tax Matters - Wed, 2008-08-20 10:27
If you pay estimated taxes, delaying your payments is remarkably painless.
Categories: Tax news

A Sneaky New Twist on the Wash-Sale Rules

SmartMoney.com - Tax Matters - Thu, 2008-08-07 07:16
The IRS says IRA and other transactions can now trigger the dreaded wash-sale rule.
Categories: Tax news

3 Brand-New Tax Changes You Need to Know About

SmartMoney.com - Tax Matters - Tue, 2008-08-05 11:00
New legislation has changes that will affect many homeowners.
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