Monday, December 21, 2009

Senate Bill Removes ‘Botax,’ Adds Tanning Tax

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The Democratic leadership decided to remove the 5% plastic surgery tax from the latest draft of their health care reform bill. The tax was...

Federal Employees Owe $3 Billion in Taxes

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Last week the IRS reported that over 276,300 current and retired federal employees owe approximately $3.04 million in unpaid taxes from 20...
Friday, December 18, 2009

Surviving an IRS Audit with Minimal Losses

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There is nothing more frightening to a taxpayer than checking your mail and seeing a letter from the IRS letting you know that you are bei...

White House To Unveil Loans To Bring Broadband To Rural Areas

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According to Nasdaq.com , the White House announced a new plan to issues $182 million in grants and loans to bring broadband access to rura...

Unemployment Claims Rise Unexpectedly

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Despite predictions of a decline, unemployment claims in the U.S rose by 7,000 last week for a total of 480,000. Leading economists had ex...

That Health-Care Tax Pledge

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From the Wall Street Journal.com: 'If your family earns less than $250,000 a year, you will not see your taxes increased a single dim...

IRS Reminds Car Shoppers about 2009 Tax Break

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In their new press release , the IRS reminded taxpayers looking to buy a car before the year is over that they still have time to take ad...

Latest Good Reads

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The American Bankers Association "Call to Action" Working Mother Top Companies List: The Success Stories in Big Law Some Tho...
Wednesday, December 16, 2009

A First-in-the-Nation Tax on College Tuition

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Tuition fee increases are fairly common on college campuses lately, despite the uproar they usually provoke from students. However, the ci...

California Taxes Fall Short of November Target by $439 Million

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My home state of California seems to find itself in one financial mess after another. Reports emerged yesterday that the state’s estimated...

Congress Settles for $300B Increase in Debt Ceiling Until Next Year

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From the Examiner.com: House Democrats settle for a $300 Billion increase in the national debt ceiling in order to avoid limits on spendi...

U.S. Gave Up Billions in Tax Money in Deal for Citigroup's Bailout Repayment

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Taxpayers everywhere are fuming over the news that the recently bailed-out financial giant Citigroup is being granted permission to withho...
Tuesday, December 15, 2009

Bank of America Pledges $5 Billion More for Small Businesses

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After a White House meeting encouraging U.S banks that received large bailouts to increase lending, Bank of America has announced they wo...

Hawaii's Version of Sales Tax Hides Costs

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For those of you who follow me on Twitter , you may already know that I just got back from a vacation in Hawaii last week. Which is why I w...

Financials Fade a bit as Wells Plans TARP Repayment

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From MarketWatch.com: The U.S. financial sector was down slightly in early trading Tuesday with Wells Fargo & Co. pricing an offering...

Exclusive: IRS Hires "Hundreds" for New Wealth Unit

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Following the IRS’s recent announcement regarding the creation of a new wealthy tax cheats unit, they have reportedly already hired hundre...
Monday, December 14, 2009

Questions for the Tax Lady: December 14th, 2009

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Check out the following new Questions for the Tax Lady answers and feel free to ask me questions through one of the links below. You can s...

Many See the VAT Option as a Cure for Deficits

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From NYTimes.com : Runaway federal deficits have thrust a politically unsavory savior into the spotlight: a nationwide tax on goods and s...

Senate set to Advance $1.1T Spending Bill

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While the country focuses on the Tiger Woods scandal and the upcoming holidays, the United States senate is set to pass a filibuster proof...

Why It May Pay To Convert to a Roth IRA

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From the Wall Street Journal : Investors and financial advisers are preparing to take advantage of a new tax law that makes it easier to...