Posted February 4, 2010 - 09:00 by Thursday Bram
The IRS wants businesses to pay their taxes online, as well as file their taxes online. It's faster, eliminates the need for the IRS to have people open envelopes and process paperwork and has been running for more than a decade. Here are some of the tools to help you do that.
Posted January 27, 2010 - 06:00 by Xin Lu
This week President Obama is announcing several tax credits for the middle class in his State of the Union speech. Here are some of the details on what the proposals are, and how those who qualify can get the most out of the credits.
Posted January 21, 2010 - 06:00 by Silicon Valley Blogger
We’re nearing the thick of tax time, and I’m sure the first thing on your mind (I know it’s on mine) is “how much money am I getting back?” and “what am I going to use the money for?” So how can we maximize the tax refund we get? Can we leverage some of our skills and our assets in order to bring down our tax obligations? Here are some basic strategies for ensuring that we get something back when tax time rolls around.
Posted December 23, 2009 - 22:14 by Nora Dunn
How do you deal with tax-deductible receipts that you collect on the fly? Are they stuffed into your wallet until it becomes so distended that you are forced to do something about them? Are they crumpled in pockets or left in a pile or folder dedicated to “I’ll deal with this later”? Worse yet, do you lose your receipts before you have a chance to deduct them from your income when you file your taxes? If you don’t have a quick and easy way, then read on.
Posted November 19, 2009 - 15:08 by Philip Brewer
Your paycheck has probably been bigger this year because the government stimulus package to cut the amount of tax withheld from people who were expected to get the new "Making Work Pay" tax credit. But there's a problem: According to the Treasury Inspector General for Tax Administration, more than 15 million taxpayers may unexpectedly end up owing taxes.
Posted November 7, 2009 - 08:00 by Xin Lu
A couple months ago I wrote about the pros and cons of extending and expanding the popular first time homebuyer tax credit which was due to expire on November 30th, 2009. I wrote that there was a good chance that Congress would extend the credit regardless of the costs. Sure enough, this week Congress has approved an extension and expansion of the credit. Here are some details on the changes.
Posted October 24, 2009 - 07:00 by Marla Walters
Probably due to the fact that my monthly health insurance premiums rose dramatically this year, and also because I am about to take a state-mandated 5% pay cut, my ears really perk up when I hear anything that might possibly cost me more money. But would a value-added tax do that? And what is it? I thought Wise Bread readers might want to know, too.
Posted October 12, 2009 - 05:00 by Marla Walters
Paying taxes is bad enough. Could you be saving money on the preparation fees, too? I asked my C.P.A. to give a few tips.
Posted September 22, 2009 - 05:00 by Kate Luther
Thinking of settling that debt with your credit card companies? You might want to think again. While debt settlement offers can be very attractive, there's often a nasty little surprise when tax time rolls around.
Posted September 18, 2009 - 06:49 by Xin Lu
The $8000 first time homebuyer's tax credit is set to expire on November 30th. This means that those who want to take advantage of this refundable credit have only a couple months left to close on their home purchases. Since it could take 30 to 60 days to close on a home, the deals must be made soon. Now there are talks in Congress and the Obama administration about expanding and extending this tax credit. Here are some arguments both for and against this decision.
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