'Dangerous' and illegal tax advice on TikTok targets millennials and Gen Z with W-2s - Yahoo Finance
36 companies sue Danbury to lower taxes; action called 'unfair' Danbury News Times
Why are my property taxes so high? – Daily Montanan Daily Montanan
Alabama IVF ruling puts spotlight on state plans for tax breaks and child support for fetuses - ABC News
Alabama IVF ruling puts spotlight on state plans for tax breaks and child support for fetuses ABC News
Savings on Your Property Taxes | Southwest Regional Senior Center Cook County Assessor's Office
Mega Millions Jackpot Reaches $563 Million—Here’s What The Winner Would Take Home After Taxes - Forbes
Mega Millions Jackpot Reaches $563 Million—Here’s What The Winner Would Take Home After Taxes Forbes
Why some King County home values dropped while taxes on them rose The Seattle Times
Bring Chicago Home referendum: Brandon Johnson fighting back after Chicago real estate transfer tax ballot question ruled invalid - WLS-TV
Bring Chicago Home referendum: Brandon Johnson fighting back after Chicago real estate transfer tax ballot question ruled invalid WLS-TV
Chicago’s new progressive mayor dealt stinging blow as ‘mansion tax’ on real estate sales over $1 million struck down - Fortune
Chicago’s new progressive mayor dealt stinging blow as ‘mansion tax’ on real estate sales over $1 million struck down Fortune
Who pays for too high tourist taxes? (Opinion) Tahoe Daily Tribune
Arlington County budget proposal calls for 1.5-cent tax hike The Washington Post
Texas open economic incentive program to replace Chapter 313 The Texas Tribune
Pritzker proposes over $2B in spending growth, backed by tax increases for corporations, sportsbooks - Capitol News Illinois
Pritzker proposes over $2B in spending growth, backed by tax increases for corporations, sportsbooks Capitol News Illinois
Nebraskans need tax reform, not a tax hike Nebraska Examiner
House passes standard deduction remedy, sends bill to Senate - Session Daily - Minnesota House of Representatives
House passes standard deduction remedy, sends bill to Senate - Session Daily Minnesota House of Representatives
Eliminating grocery tax would help Illinois families Illinois Policy
IRS holds special Saturday hours to help people with tax questions News Channel 5 Nashville
The Surprising Impact of Tax Law Changes on Your Refund The Motley Fool
Cigarette excise tax increase is not good for Nebraska, and here's why. Nebraska Examiner
Landry removes job requirements, trumps local authority for industrial tax breaks - Louisana Illuminator
Landry removes job requirements, trumps local authority for industrial tax breaks Louisana Illuminator
Local governments face 'hundreds of millions' in lost property tax revenue due to mailing snafu - Maryland Matters
Local governments face 'hundreds of millions' in lost property tax revenue due to mailing snafu Maryland Matters
Your home sale may leave you in a tax shock. Here's how to reduce your capital gains tax bill - CNBC
Maryland tax return backlog clearing, comptroller says WBAL TV Baltimore
So you're about to miss the April 15 tax deadline. Now what? Chicago Sun-Times
FTC files complaint against H&R Block for deceptive marketing, deleting tax data for downgrading - The Hill
FTC files complaint against H&R Block for deceptive marketing, deleting tax data for downgrading The Hill
Attorney General Bonta Cracks Down on Tax Evasion, Insurance Fraud and Wage Theft in the Restaurant Industry - California Department of Justice
Attorney General Bonta Cracks Down on Tax Evasion, Insurance Fraud and Wage Theft in the Restaurant Industry California Department of Justice
I Had to Return $60000 of My Signing Bonus. Can I Get the Taxes Back? The Wall Street Journal
Planning to retire soon? There's a few tax-related things to consider Chicago Sun-Times
Gov. JB Pritzker wants to increase a state tax credit, but Republicans say it's not enough - WBEZ Chicago
Gov. JB Pritzker wants to increase a state tax credit, but Republicans say it's not enough WBEZ Chicago
Are You Missing Out on Education Tax Credits? The Motley Fool
Around West Orange: Layoffs + Taxes + Israel-Palestine + Lottery Win West Orange, NJ Patch
Judge Orders Proposal to Hike Taxes on Sales of Million-Dollar Properties Off Ballot; Appeal Promised - WTTW News
Judge Orders Proposal to Hike Taxes on Sales of Million-Dollar Properties Off Ballot; Appeal Promised WTTW News
Statehouse scraps: Five takeaways from flat tax flop. Ignore turnaround talk. Read the dang column. - Kansas Reflector
Statehouse scraps: Five takeaways from flat tax flop. Ignore turnaround talk. Read the dang column. Kansas Reflector
IRS' new e-file program could change the country's tax prep landscape Chicago Sun-Times
Reader's View: Thank DFL lawmakers for tax enhancements Duluth News Tribune
Don't Panic If You're Expecting a Big Tax Bill — You Have 4 Options Business Insider
Things single filers should keep in mind this tax season Chicago Sun-Times
Oklahoma House committee advances pro-growth tax cuts Oklahoma Council of Public Affairs
Kansas House Republicans fail to override governor's veto on massive tax reform bill - Kansas Reflector
Kansas House Republicans fail to override governor's veto on massive tax reform bill Kansas Reflector
Maryland tax refund check 2024: Filing deadline & how long it takes The Baltimore Banner
Should MPS close schools before asking to raise taxes? The district says savings wouldn't be significant - WDJT
Should MPS close schools before asking to raise taxes? The district says savings wouldn't be significant WDJT
Illinois grocery tax: Gov. JB Pritzker proposes eliminating 1% tax, but some mayors say unintended consequences could be costly - WLS-TV
Illinois grocery tax: Gov. JB Pritzker proposes eliminating 1% tax, but some mayors say unintended consequences could be costly WLS-TV
Sidney income tax supports police, fire and more sidneydailynews.com
Orlando tax preparation firm facing shutdown from Department of Justice for filing bogus returns: DOJ - FOX 35 Orlando
Orlando tax preparation firm facing shutdown from Department of Justice for filing bogus returns: DOJ FOX 35 Orlando
Maryland missed a deadline for tax notices. Here's how lawmakers will fix it. - The Baltimore Banner
Maryland missed a deadline for tax notices. Here's how lawmakers will fix it. The Baltimore Banner
Mapping the latest changes in NJ property-tax bills NJ Spotlight News
Advice | Why should you pay the IRS on time? The underpayment penalty is 8%. The Washington Post
Pay Federal Taxes Online: What are your different options to pay your taxes online this year? - Marca.com
Pay Federal Taxes Online: What are your different options to pay your taxes online this year? Marca.com
Income tax cuts provide greatest benefit | Community | paulsvalleydailydemocrat.com - Pauls Valley Daily Democrat
Income tax cuts provide greatest benefit | Community | paulsvalleydailydemocrat.com Pauls Valley Daily Democrat
Gov. J.B. Pritzker's budget proposal offers mixed bag on taxes Chicago Tribune
Getting ready for tax season - Government Executive Government Executive
Ballot guide: Should the new Royals stadium get taxpayer dollars? – The Beacon - The Kansas City Beacon
Ballot guide: Should the new Royals stadium get taxpayer dollars? – The Beacon The Kansas City Beacon
Judge: Boot unconstitutional 'mansion tax' from March 19 ballot Illinois Policy
Five Medical Costs You Can Actually Deduct on Your Taxes Yahoo Finance
Delegates overwhelmingly pass bill to phase out state taxes on Social Security benefits - West Virginia MetroNews
Delegates overwhelmingly pass bill to phase out state taxes on Social Security benefits West Virginia MetroNews
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: � Has sufficient years preparing home-based business tax returns � Prepares less than the average number of returns between January and April so that your return gets sufficient time and attention. � Have had clients get a second opinion. In addition, talk to those clients to get there first hand insight. � Is willing to pay for a second review of your tax returns to ensure accuracy. � 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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