tax news

SHANGHAI (Reuters) - China will postpone the expansion of a pilot program to implement a property tax, the official China Securities Journal reported, citing anonymous official sources, who added that Beijing intends to keep a tight lid on the property market through other means in tier 1 cities. The officials were quoted as saying the market was not yet mature enough for wider implementation of the tax, citing the general complexity of the residential housing market, the lack of clarity regarding property rights and technical issues as reasons for the delay. ...

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Sites are staffed by AARP volunteers trained by certified IRS and AARP Tax-Aide instructors to prepare basic tax returns. E-file means it's fast, accurate and it's absolutely free. Volunteers receive training on the Earned Income Credit and other ...
Nonprofits, IRS offer free tax help for low- and moderate-income folksSun-Sentinel
Free tax prep available for low income householdsHesperia Star
Kiosks an ally for taxpayersAlbany Times Union
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(Reuters) - Many large corporations want the U.S. government to adopt a "territorial system" that would exempt their active overseas corporate profits from U.S. taxes, in whole or in part. John Engler, head of the Business Roundtable, a group that lobbies for corporate chief executives, said on Thursday that President Barack Obama might back such a change. A White House spokesman responded by saying that Obama "does not believe that a pure territorial system is the best way" to reduce corporate taxes. ...

The unpopular Fed bailout act does offer some nice tax breaks.

Reduce the tax hit on short-term bets by investing in broad-based equity index options.

If you exercised incentive stock options and got socked by the AMT, here's some relief.

It can be a source for an interest-free short-term loan -- or a bad idea if you do it wrong.

I'm a CPA and our stupid tax code even drives me nuts. Politicians, are you listening?

Here's a list of which vehicles still qualify for the juicy tax credit of up to $3,000.

More folks are eligible -- and the contribution limits are higher. So get on this.

If you pay estimated taxes, delaying your payments is remarkably painless.

The IRS says IRA and other transactions can now trigger the dreaded wash-sale rule.

New legislation has changes that will affect many homeowners.