Recently, the IRS released it’s annual “Dirty Dozen” list of tax scams that you need to be aware of and you need to avoid – at all costs.
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CNN: Zuckerberg to Pay $2 Billion in Taxes
Read on to find out why, for Facebook founder and CEO Mark Zuckerberg, a $2 billion tax bill is a small price to pay for huge profits.
Beware a Bad Income Tax Preparer – It Will Cost You Dearly!
Very valuable article the other day in The Detroit News about the importance of choosing a good income tax preparer. Or, should I say, the importance of NOT choosing a bad one.
Top 5 Tips For Income Tax Deductions
More Americans anticipate tax returns this year, due in part to the rise in American employment as a whole. But many taxpayers may still leave money unclaimed because of a limited knowledge about available tax deductions. Thus, I present you with the top five tax tips you may be unaware of.
Your Kids Can Save You Money at Tax Time
While driving home from work the other day, I was listening to a call-in show on NPR. A woman called to find out the best way for her family to save money for their child’s college fund. It made me think about how expensive our little bundles of joy can be. The good news – kids don’t always separate you from your money – sometimes they actually help you keep some! Here are a few ways your kids will help fatten your wallet come tax time.
Repaying the 2008 First-Time Homebuyer Tax Credit
Did you take advantage of the first-time home buyer tax credit in 2008? If so, you have to pay it back. I wish I was lying, but like George Washington, I can’t tell a lie. Also like George Washington, I have wooden teeth. But all the wooden teeth in the world can’t get me out of paying back this interest-free loan. If you’re in the same boat, read up on the details of this credit and the repayment requirements.
Major Tax Deductions Left in Limbo
Lawmakers have a plate full of leftovers from 2011 to keep them busy for a while. Even though the New Year is supposed to mean reforms and changes for policymakers, there is still some unfinished business left over from before the ball dropped in New York. More than 50 expiring business and individual tax breaks are still in limbo.
End of the Year Tax Tips: 8 Tips to Help You Save
Great article in the Detroit News today that we wanted to share here with our readers. It’s about taking advantage of any tax deductions you might be eligible for by the end of the year.
Tax-Deductible Charitable Donations – Everyone Benefits!
It’s that time of year again. The spirit of the holidays inspires charitable giving. This is the time when those of us who are fortunate enough to have what we need – and sometimes more – really feel the desire to share our wealth (meager as it may be). And, don’t delay. If you donate before the end of the year, you can claim your donation(s) on your 2011 tax return.
Government Pushes for Healthy Lifestyles Through Taxation
U.S. officials continue an initiative to limit unhealthy lifestyles through taxation, growing awareness of the dangers surrounding tanning and fattening foods.
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