Monday, April 11, 2011

Don’t Fall Prey to the 2011 Dirty Dozen Tax Scams

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In a new press release, the IRS warns taxpayers of twelve tax scams to avoid this year. From IRS.gov : “The Dirty Dozen represents the w...

How to Take a 100% Tax Write-Off for a New Porsche, BMW or Cadillac

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Looking for a way to lower your tax liability in 2011? Thanks to a temporary tax law, you can write off the full cost of many luxury SUVs ...

Top 20 Tax-Procrastinating Cities

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Texas and California lead the nation in the amount of residents that wait until the last minute to file their tax returns. MSN Money put t...

Questions for the Tax Lady: April 11th, 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...
Saturday, April 09, 2011

General Electric's Aggressive Tax Strategy

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Check out The Onion's hilarious take on GE's tax strategy. Americans were outraged when it came to light recently that multinat...

Remember That $7,500 First-Time Home-Buyer Credit?

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According to reports, the credit has turned into quite a headache for the IRS, as taxpayers who took advantage are supposed to begin repay...

HSBC Records on American Clients with Accounts in India Sought by U.S. Tax Officials

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On Thursday the Justice Department announced that it was seeking authorization to get information from HSBC regarding account holders in I...

Taxpayer Alert: The Coming Postal Service Bailout

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Experts are warning that the postal service could reach its debt ceiling as early as September, which could push Congress to provide the f...
Thursday, April 07, 2011

JPMorgan CEO Says Rich Should Pay "Lion's Share" of Taxes

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According to JPMorgan Chase Chief Executive Jamie Dimon, the rich should pay the majority of taxes in this country. He made the statements...

Married Gay Couples "Refuse to Lie" on Tax Forms

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A growing number of same-sex married couples are refusing to call themselves "single" on their federal tax returns this tax seas...

Prices are Low! Mortgages Cheap! But You Can't Get One

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With home values continuing to fall, and mortgage interest rates at record lows, you might think it's a buyers market these days. You ...
Wednesday, April 06, 2011

IRS Announces Qualified Disaster Treatment for Japan

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Yesterday the IRS designated the recent earthquake and tsunami in Japan as a qualified disaster for tax purposes. From IRS.gov : The gui...

House Republican Budget Calls for 25% Top Individual and Corporate Tax Rate

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Peek into the future: you can read The House Budget Committee Chairman’s budget recommendations for 2012. Check out the main tax points be...

White House States Opposition To Energy Tax Prevention Act

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From NYTimes.com : In case there was any doubt, the White House on Tuesday issued a formal statement opposing a bill now before the Hou...

Turn Your House into a Billboard, Get Free Mortgage

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Looking for a way to reduce your monthly bills? A new advertising firm is offering to pay the mortgage for homeowners that are willing to ...
Tuesday, April 05, 2011

11 Last Minute Tax Tips

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Tax day is so close you can feel the panic in the air as millions of Americans struggle to get their taxes filed on time. Now, I’m sure yo...

US Government Spent More than Eight Times its Monthly Revenue

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According to new data from the Treasury Department, the federal government grossed $194 billion in March, paid out nearly $66 billion in r...

McDonald's Wants to Fill 50K Jobs on Hiring Day

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The corporation is planning to hold its first national hiring event on April 19th to fill over 50,000 openings across the country. That’s ...

New York Times Gives False Information on General Electric's Zero Income Tax Bill

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Check out this opinion piece defending GE's corporate tax strategy. From Yahoo News : It is hard to imagine that General Electric (...

IRS Files Tax Lien Against Lil Wayne

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Right around tax season the IRS loves to go after celebrities, and this year is no different. Most recent in a long line of celebs with ta...