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FairTax eliminates need for IRS - Gilmer Mirror

Google IRS Federal Income Tax - Sun, 2014-07-06 05:05

FairTax eliminates need for IRS
Gilmer Mirror
President John F. Kennedy said, “The largest single barrier to full employment of our manpower ... and a higher rate of economic growth is ... federal income taxes.” If you are a person who prefers solutions to merely complaining, start asking around ...

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IRS seeks unpaid federal taxes from Itta Bena - SunHerald.com

Google IRS Federal Income Tax - Sun, 2014-07-06 04:52

IRS seeks unpaid federal taxes from Itta Bena
SunHerald.com
The Internal Revenue Service took the action Tuesday, reports the Greenwood Commonwealth (http://bit.ly/1vLbogg), giving the federal government the power to seize city property if taxes remains unpaid. Between January 2012 and March 2013, the city ...

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Marijuana is illegal under federal law, so should the IRS be able to collect ... - fox6now.com

Google IRS Federal Income Tax - Sat, 2014-07-05 16:44

Marijuana is illegal under federal law, so should the IRS be able to collect ...
fox6now.com
Tom Gorman, who heads the Federal Drug Task Force said. Attorney Amanda Cruser, who once worked in the Justice Department's Tax Division says the IRS just wants its money. “They can collect taxes on gross income from whatever source derived.

Categories: Tax news

FairTax eliminates need for IRS - Gilmer Mirror

Google IRS Federal Income Tax - Sat, 2014-07-05 07:36

FairTax eliminates need for IRS
Gilmer Mirror
The tax would be collected by the states, with no concern for income. President John F. Kennedy said, “The largest single barrier to full employment of our manpower ... and a higher rate of economic growth is ... federal income taxes.” If you are a ...

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Categories: Tax news

Hate Taxes? Move To Tax-Free Puerto Rico, Stay American, Avoid IRS - Forbes

Google IRS Federal Income Tax - Sat, 2014-07-05 03:00

Hate Taxes? Move To Tax-Free Puerto Rico, Stay American, Avoid IRS
Forbes
The incentives include an income tax in Puerto Rico of only 4%. Compare that to your combined federal and state income tax burden you may pay now! Legally avoid the 39.6% federal rate and the 13.3% California (or other state) rate? That sounds pretty ...

Categories: Tax news

Estimating Taxes Within the IRS' Good Graces - Fox Business

Google IRS Federal Income Tax - Sat, 2014-07-05 02:56

Estimating Taxes Within the IRS' Good Graces
Fox Business
You can avoid the "penalty for underpayment of estimated tax" for 2014 if you pay 100% of your 2013 tax if your adjusted gross income, or AGI, was $150,000 or less. ... To ensure compliance with requirements imposed by the IRS, we inform you that any U ...

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Edgewater Man Sentenced to 42 Months in Prison for $7M Fraud - Patch.com

Google IRS Federal Income Tax - Fri, 2014-07-04 16:23

Edgewater Man Sentenced to 42 Months in Prison for $7M Fraud
Patch.com
Federal prosecutors say Vernon J. Smith III fraudulently obtained more than $52 million in government contracts, then hid income spent at casinos and on luxury vacations. Posted by Deb Belt ... Not only did Smith decide not to pay his fair share of ...

Categories: Tax news

Mansfield same-sex couple seeking retroactive tax recognition from IRS - Attleboro Sun Chronicle

Google IRS Federal Income Tax - Thu, 2014-07-03 21:55

Mansfield same-sex couple seeking retroactive tax recognition from IRS
Attleboro Sun Chronicle
A Mansfield couple is suing the Internal Revenue Service to gain compensation for taxes they paid before the federal Defense of Marriage Act, or DOMA, was ruled unconstitutional. Daniel Austin Horowitz, 35, and Mark Vigorito, 36, of North Main Street ...

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Edgewater Man Sentenced to 42 Months in Prison for $7M Fraud - Patch.com

Google IRS Federal Income Tax - Thu, 2014-07-03 21:50

Edgewater Man Sentenced to 42 Months in Prison for $7M Fraud
Patch.com
Federal prosecutors say Vernon J. Smith III fraudulently obtained more than $52 million in government contracts, then hid income spent at casinos and on luxury vacations. Posted by Deb Belt ... Not only did Smith decide not to pay his fair share of ...

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Categories: Tax news

IRS Announces ITIN Expiry Period - Financialbuzz.com

Google IRS Federal Income Tax - Thu, 2014-07-03 21:07

Financialbuzz.com

IRS Announces ITIN Expiry Period
Financialbuzz.com
IRS, ITIN, Taxes, Returns The Internal Revenue Service (IRS) has announced that Individual Taxpayer Identification Numbers (ITINs) will be discontinued if they are not utilized on returns for federal income tax for five successive years. However, the ...
Five Things Canadians Need To Know Before Selling US Real EstateMondaq News Alerts (registration)

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Categories: Tax news

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.
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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.
Categories: Tax news

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.
Categories: Tax news
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