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Tax deductions that shout 'Audit me!'
Rssblogstory.com News-Submit Blog | December 5th 2009 by www.creditosflexibles.com
It's one thing to push the envelope, another to volunteer for the IRS audit list. Here are some of the most imaginative -- and most illegal -- deduct45 Vote(s) read more
Bribes, thefts and other taxable income
Rssblogstory.com News-Submit Blog | December 5th 2009 by www.creditosflexibles.com
If you made money, the IRS wants some of it, and it doesn't matter whether you made it honestly or by running drugs. Here are income-reporting rules 45 Vote(s) read more
Trouble for Dwek donors as IRS follows the money
New Jersey Networks | December 5th 2009 by Raz
It was only a matter of time before the IRS began looking at the master informant behind a massive money laundering and corruption sting that led to the arrests of dozens of elected officials, rabbis and political operatives in July.... read more
Roth IRA Distributions
Wealth-O-Nomics | December 5th 2009 by Robert Klosterman
Sometimes people want to access Roth IRA funds for early retirement or other purposes. Maybe you’re one of them. If you have ever thought about taking money out of a Roth IRA, be sure to consult your financial advisor first before you make a move â read more
Attorney charged as Ponzi man
Financial Crime Online | December 5th 2009 by Financial Crime Online
‘Fort Lauderdale Attorney Charged in Billion-Dollar Ponzi Scheme’. This headline would probably have hit you harder in a pre-Madoff era. But even now this is quite an impressive allegation. The FBI and IRS seek to confiscate $1.2 billion, read more
Bollywood Star Salman Khan Campaigns for Congress!
The Masala Times | December 5th 2009 by raghavendra
Bollywood star Salman Khan spent his Sunday wooing voters for Congress nominee Anu Tandon in this Lok Sabha constituency of Uttar Pradesh.The star, who is quite a rage with youngsters, drew fabulous crowds at each of the five 'Holi Milan' functions, read more
Pamela Anderson’s Bodacious Pair . . . of Tax Liens.
The Tax Lawyer's Blog | December 4th 2009 by Peter
Sorry, I couldn’t resist. From Detroit News: Pam Anderson – the actress/Playmate/home movie star and ex-wife of Detroit native Kid Rock – owes more than $1.9 million in delinquent taxes, records show. What’s owed: The IRS fil read more
Historic Lawsuit by Freedom From Religion Foundation Challenges C…
The Celestial Navigator (Multiply) | December 4th 2009 by Astra
On October 19th, the Freedom From Religion Foundation filed an historic lawsuit in IRS tax-court, challenging the long-standing "Parson's Exemption" - allowing ministers to be paid in tax-free dollars, and allowing large exemptions for other expenses read more
Important New Facts About $8,000 Tax Credit And Your VA Loan
USA Home Loans FHA,VA and Conventional | December 4th 2009 by Rob Chom
As mentioned in earlier posts, the $8,000 federal tax credit was extended to April 2010.   This can enable you to get $8,000 back from the IRS for buying a home and $6,500 if you are a move up buyer. Here are some important additional facts ab read more
IRS Tax Debt: Know Your Tax Debt Advantages and Finish on Top
IRS-Hitman | December 4th 2009 by IRS-Hitman
Merciless: IRS Hit-men are ruthless. They don't care if your cat was sick, if credit card bills are due, or if you couldn't afford other luxuries. Boohoo. It's hard for an IRS agent to feel pity for you when the IRS gives you so many advantages. All read more
SHE TRYED TO BRAIN WASH MY SON
Mother-in-law Hell | December 4th 2009 by patricia
MY SISTER IN LAW STOLE MY IDENTITY.SHE WAS WORKING WITH MY SS# FOR YEARS UNTIL I FOUND OUT THAT SHE HADN’T FILLED TAXES FOR NEARLY 3 YEARS.THE 2 YEARS THAT SHE DID FILLED TAXES SHE DID WHAT SHE WANTED, GAVE ME A SECOND IDENTITY WITH HER OWN DEP read more
IRS Helps With Your Tax Problems
California Tax Attorney Blog | December 4th 2009 by Mitchell A. Port
The IRS and the Taxpayer Advocate Service (TAS) worked together to develop a toolkit. TAS is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problem read more
Classic Film Friday: How to Marry a Millionaire
There Goes the Neighborhood | December 4th 2009 by MH
Lauren Bacall, Marilyn Monroe, Betty Grable, are looking for a man, and not just any man, a very rich man. Schatze Page (Bacall) finds a New York high-rise apartment, penthouse even to rent from a guy who needs to lay low because of IRS problems. Thi read more
2010 vs. 2009 Standard Mileage Rate Tax Deduction Breakdown &…
Saving to Invest | December 3rd 2009 by Andy @ www.savingtoinvest.com
The IRS today issued the 2010 standard mileage rates used to calculate the tax deductible costs of operating an automobile for business, charitable, medical or moving purposes. Given all the new car stimulus deductions and credits, many folks and bus read more
Tax Credit Q & A from IRS.gov
Chicago Suburbs-Real Estate Resource and Ramblings for Glen… | December 3rd 2009 by Nanette Bauer
Part 2 of 2 Q. I purchased a home that qualifies for the first-time homebuyer credit. I will be renting two of the bedrooms and reporting the rental income on Schedule E. Will I still qualify for the credit if I use the home as my principa read more
Own a business? Beware the tax man
The Money Biz | December 3rd 2009 by Jen
In the next year, the IRS plans to look closely at small-business owners, the self-employed and those with overseas accounts. Here’s how to be ready if an auditor comes knocking. read more
The Corporate Takeover of America
EuroYank The Blog | December 3rd 2009 by EuroYank
Time to Rise Up Stand Up!Still think you're free? Still think all you have to do is vote the incumbent out of office and everything will automatically return to normal. It's too late.Look at the corporate info I found at the Delaware Secretary of Sta read more
Spreading Bear Hugs – You Can Help!
Blake's Sublime Designs Weblog | December 3rd 2009 by Blake Raab
As many of you know, I recently launched a nonprofit organization called Bears on Patrol. Our mission is to provide police officers with free teddy bears to help comfort and distract small children in cases where they are involved. Chase Community read more
Is Elder Abuse Settlement Taxable (CA. USA)
Spotlight on Elder Abuse | December 3rd 2009 by andrew chadwick
Is elder abuse settlement taxable? By George Saenz • Bankrate.com Dear Tax Talk, Will there be taxes due on a settlement from a lawsuit involving elder abuse? Mother passed away due to poor care by a doctor and nursing home in California read more
409A Correction Period Ending Soon - Last Chance
409A Dismay | December 3rd 2009 by 409Adismay
"We are just weeks away from the last chance for companies to rely on the transitional relief provided under IRS Notice 2008-113. I hope that your company has already taken action to complete a thorough review of compensation arrangements to identify read more
Carter Unveils the Geithner IRS Penalty Waiver
The Cynical Economist | December 3rd 2009
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Irs Federal Income Tax Paycheck Withholding Calculator
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
Paycheck Tax Withholding Calculator How much will I take home after tax withholdings? Are you withholding enough—or too much—from your paychecks? This valuable tool looks at your entire tax situation, including your other income and expenses, a read more
Current Allowable Automobile Mileage Tax Deduction
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
Another great advantage to itemizing your tax return is the deductions you can receive from claiming your vehicle mileage. There are many reasons that your mileage may be tax deductible. You can choose to take these optional standard rates if you a read more
Standard Mileage Rate vs Actual Vehicle Expenses
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
You may know that because the IRS provides a standard mileage rate for the deduction of vehicle expenses used in your business, you are allowed to choose between this rate and the actual expenses you incur in calculating this deduction. Because the read more
Irs Self Employed Tax Deductions & Write Offs
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
The IRS gives detailed rules and instructions for self employed persons’ tax deductions and write offs. To distinguish between the two, let’s try to be clear. Usually a write off is considered to be a one time reduction of taxable income, often f read more
Golf Cart Tax Credit
Tax News from Yellis and Foley | December 3rd 2009 by Nathanael Yellis
The IRS has approved some golf carts for an alternative energy income tax credit. Buyers of an approved vehicle get a base credit of $2500 plus an additional amount depending on the vehicle. To be eligible, carts have to meet the safety standards r read more
How Much are the Federal Income Tax Standard Deductions
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
The standard IRS tax deductions are an option that can eliminate the need for you to itemize your tax return. But, taking the standard deductions when filing your taxes may not always be the best way for you to file. How much is the standard deducti read more
2009 Economic Stimulus Checks
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
Did you know the government sent out nearly 119 million economic stimulus payments last year? If you got one, you’ll need to know the amount of the payment while filing for your 2008 tax return. You may or may not be eligible for the 2009 recovery read more
2009 Economic Stimulus Rebate Check
TurboTax Online Tax Preparation and Filing 2009, 2010 | December 3rd 2009 by Mike Sprat
When can you expect your money? That is one of many questions being asked about the 2009 economic stimulus rebate check. There are so many topics to consider. Let’s start with eligibility. Did you receive an economic stimulus check in 2008? Did y read more
What of Offshore Banking?
IRS Problem Solver Blog | December 3rd 2009 by Darrin Mish
The recent IRS UBS settlement has created a ripple effect that has far-reaching repercussions on many parties. So which are the parties involved and how does it affect them? The most obvious repercussion is the adverse image this has given to legi read more
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