Tuesday, February 15, 2011

Latest Good Reads

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The Ten Principles of Economics (10th Anniversary Edition) Republicans Promise $100 Billion in Spending Cuts Women in Management on th...

IRS Can’t Stop Paying Billions in Bogus EITC Claims

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According to a from the Treasury Inspector General for Tax Administration the agency made little improvement in reducing improper Earned I...
Monday, February 14, 2011

IRS Facing Steep Budget Cuts Under GOP Proposal

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We finally get a peak at where all these spending cuts are coming from. Take a deep breath, this is going to hurt… From TaxLawHome.com : ...

Ethics Watchdog Targets Congressional Sleepovers

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Citizens for Responsibility and Ethics in Washington, a watchdog group, is asking the Office of Congressional Ethics to investigate member...

Questions for the Tax Lady: February 14th, 2011

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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 se...

Fancy Hotel Renovated with Your Tax Dollars

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From CBS News : The Town Hall Education Arts Recreation Campus, an education and arts center, is an oasis in a needy Washington, DC nei...

Breast Pump Buyers Gain Tax Advantage in IRS Ruling

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Good news for thousands of nursing mothers across the country! From Bloomberg.com : Breast pumps and associated supplies will be conside...
Thursday, February 10, 2011

Overlooked Deductions: 2011 Edition

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2010 was a whiplash year for tax changes, from sweeping legislation to the will-they-won’t-they buzzer-beater debate on the Bush Tax Cuts ...

President Barack Obama Says He Didn't Raise Taxes Once, But He Did

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In an interview with Bill O'Reilly, President Barack Obama said, "I didn't raise taxes once. I lowered taxes over the last tw...

White House to Cut Energy Assistance for the Poor

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With all the self-righteous talk about cutting spending, those cuts have to hit someone. But is energy assistance for low-income household...

Second Special Voluntary Disclosure Initiative Opens

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The IRS announced another round of special voluntary disclosure for people hiding income outside the US. The initiative is designed to bri...

2011 Offshore Voluntary Disclosure Initiative FAQs

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The IRS put together a list of frequently asked questions about the offshore voluntary disclosure initiative. Check out a few below, or th...

US Senate Finance Chief Vows Vigorous Tax Reform Effort this Year

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On Tuesday the Senate Finance Committee Chairman said they will attempt to overhaul the US tax code this year. However, Max Baucus also wa...

10 Foreclosure Hotspots

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Although Las Vegas wins the title for the highest foreclosure rates in the US, CNN Money.com has put together a list of cities with the fa...
Wednesday, February 09, 2011

Obama Tries to Woo Business, Slams 'Burdensome' Tax

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According to reports, the President increased his efforts to woo US businesses earlier this week in a speech promising to tackle the burde...

Big Money Charity Donations Drop, According to New Survey

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2010 was a bad year for charities, especially those looking to land big donations from America's wealthiest taxpayers. According to ne...

Bomb Threat at Sarasota IRS Office

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According to reports, a man was arrested yesterday and charged with making a bomb threat at an IRS office. Thankfully no one was hurt. FO...

High Taxes? Actually, They're at a 60-Year Low

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Although some people think taxes are higher then ever, they are actually at a 60-year low, according to the Congressional Budget Office. ...

Taxes: 5 Things to do Now

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Check out this video from CBS Money Watch on what you can do now to prepare for tax season. 1. Pay attention & open your mail 2....

Why Global Food Price Inflation Really Matters

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From DailyFinance.com : Perhaps central bankers are like potted plants, able to subsist on little more than water and sunlight. That woul...