Taxes Information

Taxes Information

Taxation of Forgiven Debt: The 1099C & You


Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum.

Some Folks Pay A Lot Less Tax Than Others On Very Same Income-Did You Pay Too Much Tax In 2004?


Someone once remarked, "Next to being shot at and missed, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially small-business owners.

Getting A Second Extension to File 2004 Taxes


Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly.

Euro Tax Haven Threat


Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar, Monaco, Malta and Andorra, to disclose bank account owner information to their home country's tax authority.

Furnishing Evidence in E-Tax Compliance


Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This concept is recognised in all tax statutes, which sets out taxpayers' primary obligations, and clearly spells out that taxpayers are required to determine the amount of tax payable correctly and to pay it on time.

IRS Statute of Limitations: Do Taxes Ever Expire?


Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes.

What to Do If You Can't Pay Your Taxes


The end of tax filing extensions is quickly approaching. What do you do if you can't pay the amounts you owe? You should still file your return by the due date and pay as much as you can.

What You Need To Know About Taxes If You're Getting Married


It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation.

Send Your Kids To Summer Camp and Write It Off


If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13.

What Is Tax Law?


The federal tax code is complex. This complexity generally arises from two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the code.

History Of The Federal Income Tax


The powers of Congress, and the limitations set upon those powers, are set forth in Article I of the United States Constitution. Section 8 specifies both the power to collect, "Taxes, Duties, Imposts and Excises," and the requirement that, "Duties, Imposts and Excises shall be uniform throughout the United States.

State Tax Information


All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes.

About Income Taxes; Tidbits


1812The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt.

Requirements To Produce Tax Information (Whats Up With That?)


"What we've got here is a failure to communicate." --Strother Martin in Cool Hand Luke Statutory Law Governments pass laws, it's what they do.

Get Uncle Sam To Pay $36,000 For Your Childs Education!


Let's assume that you would like to begin saving for your children's education fund. At the end of each year, for the next 8 years, you will contribute $2,000 into a Coverdell Education Savings Account (Education IRA), using your after-tax dollars.

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MORE RESOURCES:

ITV.com

Darling ready to admit taxes must rise
guardian.co.uk, UK - 12 hours ago
The chancellor, Alistair Darling, is preparing to admit that tax will need to rise after the next election as borrowing projections emerged showing the ...
Andrew Grice: A cool Chancellor must consider putting up taxes Independent
Swinney's call to cut taxes The Press Association
The Pre-Budget boost: pre-emptive strike or preamble to higher taxes? Telegraph.co.uk
Guide and Gazette - Independent
all 339 news articles


Cabinet Talk Aside, Corzine Faces State Crisis
New York Times, United States - 8 hours ago
They include a state work force already unhappy about cuts in benefits from a year ago, homeowners worried about rising property taxes, municipalities that ...
Freeze update to aid seniors Cherry Hill Courier Post
all 4 news articles


stv.tv

UK Budget Deficit Widens as Recession Saps Taxes (Update2)
Bloomberg - Nov 20, 2008
20 (Bloomberg) -- The UK fiscal deficit swelled as tax receipts stagnated, and economists warned of worse to come as the recession deepens and the ...
Government to ditch prudence for life support International Herald Tribune
all 30 news articles


Economic View The New Deal Didn’t Always Work, Either
New York Times, United States - 8 hours ago
DON’T RAISE TAXES IN A SLUMP The New Deal’s legacy of public works programs has given many people the impression that it was a time of expansionary fiscal ...


As jobless funds fall, states look to raise taxes
USA Today - Nov 20, 2008
By Marisol Bello, USA TODAY As the number of people filing claims for unemployment benefits hits a 16-year high, states are imposing higher taxes on ...


Legislature, governor must find $5 billion in spending cuts ...
Seattle Times, United States - 15 hours ago
The gap might be filled with new taxes, but it would be foolhardy to lay on big new taxes during an economic crisis. Every business is trying to manage its ...


State Lawmakers Consider Tripling Car Taxes
KGET 17, CA - 10 hours ago
State Lawmakers are once again talking about raising car taxes to help erase a ballooning budget deficit. Democrats say it could bring in $6 billion a year. ...
Budget deal would include steeper car fees Los Angeles Times
all 7 news articles


Miami New Times

State deficit grows; will taxes have to rise?
MiamiHerald.com, FL - 8 hours ago
State economists punched a $2.1 billion hole in the state budget Friday, precipitating the need for a special lawmaking session and talk of possible tax ...
$2.1 billion budget hole growing Daytona Beach News-Journal
Fla. budget deficit expected to hit $2.2 billion Forbes
State budget gap hits $2.14-billion Tampabay.com
Sarasota Herald-Tribune - Sun-Sentinel.com
all 30 news articles


One Day Without Taxes
KNWA, AR - 10 hours ago
A shopping excursion can be a pretty pricey trip - but if there was a day you didn't have to pay taxes on what you bought - you could save some serious ...


Princeton property taxes going up again
WFIE-TV, IN - 10 hours ago
By Liz Nichols - bio | email In the city of Princeton, where residents pay the highest property taxes in Gibson County, rates are going up again next year ...

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