New Homeowners Pay Considerably More in Taxes Than Longtime Homeowners Voice of San Diego
NOTICE OF PUBLIC HEARING ON TAX INCREASE - August 17, 2022 City of Beaumont, Texas (.gov)
What $80 Billion More for the IRS Means for Your Taxes The Wall Street Journal
Judge to rule on case that could lower property taxes for some Allegheny County homeowners - CBS News
Lehi raises taxes for first time in over 20 years Daily Herald
New Democratic spending law draws criticism over taxes Washington Examiner
U.S. Rep. Vicente Gonzalez and his wife defied property tax law for eight years by claiming two homestead exemptions - The Texas Tribune
U.S. Rep. Vicente Gonzalez and his wife defied property tax law for eight years by claiming two homestead exemptions The Texas Tribune
Glenn Hegar, Joan Huffman support eliminating âtampon taxâ The Texas Tribune
Parents and teachers can claim school expenses on taxes newschannel20.com
Opinion: Why not lower property taxes to match hike in trash collection fee? - The San Diego Union-Tribune
Opinion: Why not lower property taxes to match hike in trash collection fee? The San Diego Union-Tribune
TABLE-Russia sets grain export taxes for Aug 24-30 Successful Farming
Opinion | The New Tax Bill Doesnât Touch the Wealthy The New York Times
Skelton: We don't need to raise taxes again with Prop. 30 Los Angeles Times
Comptroller: Local sales taxes up even with gas tax holidays Olean Times Herald
Land valuation will raise farmers' taxes The Courier
Tax break for Dixie Cup plant? Not when it already owes more than $400K, county says. - lehighvalleylive.com
Tax break for Dixie Cup plant? Not when it already owes more than $400K, county says. lehighvalleylive.com
Study confirms that speculation taxes are not an effective tool in curbing house prices - EurekAlert
Whitmer Proposes Suspending Sales Tax on School Supplies Michigan (.gov)
Landlord fears his mother gifted him $50M tax liability The Real Deal
Governor Lamont Announces Connecticut's Second Sales Tax-Free Week of the Year Starts August 21 - CT.gov
Governor Lamont Announces Connecticut's Second Sales Tax-Free Week of the Year Starts August 21 CT.gov
How much schools are funded by local taxes in each NJ town New Jersey 101.5 FM
Gimmicky Sales Tax Holidays Are Short-Term and Ineffective Just Taxes Blog
Tax Breaks OK'd For Wedding Venue Expansion Jamestown Post Journal
Analysis | The Senate bill and Biden's pledge to not raise taxes on people making less than $400000 - The Washington Post
Analysis | The Senate bill and Biden's pledge to not raise taxes on people making less than $400000 The Washington Post
Austin officials are deciding what property tax bills will look like. Here are some terms to know. - Austin Monitor
Austin officials are deciding what property tax bills will look like. Here are some terms to know. Austin Monitor
Ranking Member's News | Newsroom | The United States Senate Committee on Finance - Hearing | Hearings | The United States Senate Committee on Finance
Ranking Member's News | Newsroom | The United States Senate Committee on Finance Hearing | Hearings | The United States Senate Committee on Finance
Louisiana has made millions from sports betting taxes so far this year. Will it finish strong? - Daily Advertiser
Louisiana has made millions from sports betting taxes so far this year. Will it finish strong? Daily Advertiser
Higher energy taxes in the Inflation Reduction Act will increase inflation, not decrease it - The Philadelphia Inquirer
Higher energy taxes in the Inflation Reduction Act will increase inflation, not decrease it The Philadelphia Inquirer
Higher taxes to hire more teachers â Action News Jax ActionNewsJax.com
Berkeley Lake lowering 2022 property taxes The Atlanta Journal Constitution
Wisconsin can't tax tribal lands once owned by non-Natives, court says Milwaukee Journal Sentinel
Bayonne council adopts $160 million budget with 1.4 percent tax increase The Hudson Reporter
Majority of Expats receive a US Tax Refund for 2021, among findings from MyExpatTaxes User Data Analysis - PR Web
Majority of Expats receive a US Tax Refund for 2021, among findings from MyExpatTaxes User Data Analysis PR Web
Inflation Reduction Act Doubles the R&D Tax Credit for Startups CPAPracticeAdvisor.com
As value of homes soar in borough, so too could taxes My Citizens News
Property tax rates for city of Lexington are decreasing. Hereâs what you need to know - Lexington Herald Leader
Property tax rates for city of Lexington are decreasing. Hereâs what you need to know Lexington Herald Leader
Does the Inflation Reduction Act violate Bidenâs $400,000 tax pledge? Expect 'a different answer depending on who you ask,' says analyst - CNBC
Does the Inflation Reduction Act violate Bidenâs $400,000 tax pledge? Expect 'a different answer depending on who you ask,' says analyst CNBC
Filing for an Extension: West Virginia lawmakers say tax reform not dead as special session remains paused - Parkersburg News
Filing for an Extension: West Virginia lawmakers say tax reform not dead as special session remains paused Parkersburg News
Property Taxes Due September 30 KNIA KRLS Radio
Inflation Reduction Act and Taxes Kiplinger's Personal Finance
Denmark Tax Agency Clarifies Taxation of Intra-Group Dividend Distribution Under DTA With Luxembourg - Bloomberg Tax
Denmark Tax Agency Clarifies Taxation of Intra-Group Dividend Distribution Under DTA With Luxembourg Bloomberg Tax
Democrats are pushing for a free IRS tax filing service. Tax pros worry itâs an âadministrative nightmareâ - CNBC
Democrats are pushing for a free IRS tax filing service. Tax pros worry itâs an âadministrative nightmareâ CNBC
Republicans argue Manchin and Schumer's energy, health care deal will raise taxes, citing nonpartisan data - CNN
Republicans argue Manchin and Schumer's energy, health care deal will raise taxes, citing nonpartisan data CNN
Diversity Requirements For Californiaâs $330M Annual Film & TV Tax Credits Poised To Become Law - Deadline
Diversity Requirements For Californiaâs $330M Annual Film & TV Tax Credits Poised To Become Law Deadline
How To Reduce Your Tax Bill Forbes
Inflation Reduction Act of 2022 Would Modify the Tax Treatment of Carried Interests, Include a Corporate Minimum Tax, and Expand Clean Energy Tax Incentives - Gibson Dunn
Inflation Reduction Act of 2022 Would Modify the Tax Treatment of Carried Interests, Include a Corporate Minimum Tax, and Expand Clean Energy Tax Incentives Gibson Dunn
Manchin, in Reversal, Agrees to Quick Action on Climate and Tax Plan The New York Times
Whatâs In the Climate, Tax and Health Care Bill The New York Times
What Is Withholding Tax? Forbes
How Joe Manchin Left a Global Tax Deal in Limbo The New York Times
Illinois Income and Property Tax Rebate Distribution Begins Next Month. Here's How Much Relief You Could Be Eligible For - NBC Chicago
Illinois Income and Property Tax Rebate Distribution Begins Next Month. Here's How Much Relief You Could Be Eligible For NBC Chicago
How To Get An Instant Pay Raise
As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.
Save Money on Taxes - Double Your Income Now With Tax Saving Tips on Deductions
Adding Your First Additional Stream of Income
Hurricane Katrina ? How To Use Your Business Loss To Get A Refund on 2004 Taxes
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes.
How Likely Are You To Be Audited?
Statistics for Individuals
Home Business Tax Tips
If you have recently started an Internet or home business, your probably a little intimidated by having to submit a tax return and the possibilities of being audited. Simply follow these guidelines and rest assured that filing your next tax return will go smoothly.
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. The money grows tax-free, and neither the contribution nor the interest is taxed when you make a withdrawal, as long as you use it for education purposes.
Tax Tips to Save Money on Taxes - Get the Corporate Kick and Save Loads of Money
Why a Corporation Helps Save You Taxes
Rental Property Tax Deductions
Own residential rental properties? This article discusses how income from those properties impacts your taxes.
Early Distributions From Retirement Plans
An early distribution from an Individual Retirement Arrangement (IRA) or a qualified retirement plan need not be a "taxing" experience. Fortunately, there are exceptions to early distributions.
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. Taxes do expire at some point and in some cases IRS does not get the money they were legally entitled to collect.
Keeping Your Own Money ? NOT Handing It Over To The Taxman
Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, usually in one of two mistaken beliefs. Either:
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have overpaid because they are not required to but you can file an amended return for up to three years. Chances are, you either prepare your business taxes yourself or have your tax preparer or CPA does them. There a number of issues surrounding either tax preparation method, which can result in your tax liability being calculated as higher than it actually is including missed deductions, numerous changes in tax laws or being given incorrect advice. As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Another area, which causes many business owners to overpay, is being given incorrect advice by their CPA, tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer, prepares an average of 480 returns between February 1st and April 15th, that is a lot of returns in a relatively short amount of time which makes it difficult for your return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Moreover, in a poll of 50 professional tax preparers, consisting of 10 basic tax questions, none answered all 10 questions correctly and only 34 got at least half correct. This problem does not extend to just tax preparers or CPA's. In the IRS's 2001 assessment of their own 544 call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether you do your taxes yourself and had to call the IRS for clarification on an issue or your CPA did, odds are the answer was not accurate. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can easily make a mistake or, forget to use an exemption which could reduce your tax liability. If you have not yet filed your taxes, it is a good idea to get a second opinion from an independent source. The extra money and time spent in doing this could save you thousands. Look for someone or a company who: ˇ Has sufficient years preparing home-based business tax returns ˇ Prepares less than the average number of returns between January and April so that your return gets sufficient time and attention. ˇ Have had clients get a second opinion. In addition, talk to those clients to get there first hand insight. ˇ Is willing to pay for a second review of your tax returns to ensure accuracy. ˇ Is willing to take MSN's online Tax IQ Test at http://moneycentral.msn.com/investor/calcs/n_taxq/main.asp. Although designed for consumers, this test contains basic tax information that even junior level tax preparers should know. Just as you trust a surgeon with your life, you trust this individual or company with your money and confidential information. Be highly selective and do not be afraid to put them through a rigorous qualification. If they are not willing to participate in your qualification then either they do not know their stuff or, your business is not that important to them. If you already filed your taxes or think you might have missed out on deductions, have been given bad advice or failed to take advantage of a tax law change which could reduce your liability for previous tax years, what can you do? The good news is that by law, the IRS is required, for up to three years, to review your returns and records as many times as needed to find errors. You have the same three years to get a second opinion and file an amended return. In fact, in 2002, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado Springs, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. You may worry that an amended return will trigger an audit however; the IRS itself admits this is not the case. In 2002 alone, 3.3 million taxpayers filed an amended return. The IRS is not the big, bad agency we used to know. In fact, statistics show that audits are down and continue to decline. Businesses throughout the U.S. overpay their taxes to the tune of billions each year and your money could be part of the billions that is overpaid. When it comes to your taxes, always get a second opinion to ensure you are not paying more than you should and, you can even hit pay dirt by looking back.
A Taxing Investment
April 15 - The most dreaded day of the year is right around the corner. Are you ready? Some of the most neglected (and misunderstood) tax issues are those related to your investments. If you invest with taxes in mind, you can avoid a nasty surprise when Uncle Sam comes to collect.
Tax Reduction Tips
In the rush to get tax returns prepared and filed by April 15th, many overpay their taxes. Following are a few tax reduction tips that could help you save a bundle.
Save Money on Taxes - Is the Only Way to Get Your Tax Savings is to Sleep With an IRS Agent?
Tilting the Tax Laws in Your Favor.
Tax Trap #5 -- Ignoring The IRS (and the 5 best ways to contact them!)
We all love to criticize the IRS, don't we? And I'm just as guilty as anyone. It's easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.
Uncle Sam is Ready...Are You? Organizing Tips for Tax Time
Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall, Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow, and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you have a small business or investments--even more paper.
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. There are, however, additional steps that might help.
How To Get An Extension To File Your Business Tax Returns
Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you can't imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your file the appropriate form. As you might expect, there are different forms for different businesses.
Tax Strategy - Let Washington Pay for Your Corvette, Porsche, or Air Plane
Deducting Your Auto Expenses
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