Articles on Taxes

What Is a “Value-Added Tax,” Anyway?

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 per

Six Tips to Saving on Tax Preparation Fees

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.

Forgiven Debt Isn't Really Forgiven At All

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 sur

Should the First Time Homebuyers Tax Credit be Expanded and Extended?

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

I.O.U.S.A. the Movie - A Review One Year Later

I.O.U.S.A. is a documentary film released in late 2008 by the Peter G. Peterson Foundation that focuses on the national debt of the United States. I finally watched it this weeken

"Cash for clunkers" bill passed by Congress - what does it mean for consumers?

A few months ago I wrote about several car buying incentives that were floating around. This was before the bankruptcy of Chrysler and GM and there was a rumor going around that t

$8000 housing tax credit can now be turned into cash at closing according to FHA

As part of the Obama stimulus plan passed in January, first time home buyers in 2009 are entitled to a tax credit of up to $8000 that they do not have to repay. This tax credit was

The Disaster Known as the California State Budget

Live in California? Fed up with the budget crisis? If you could whisper a suggestion in your state reps ear or our illustrious governor, what would you suggest?

Do Americans really want to "Go Dutch"?

I just read a very interesting article by an American expat named Russell Shorto in the Netherlands titled "Going Dutch - How I Learned to Love the European Welfare State". The

A Stimulating Debate That Just Might Boil Down To Perception

How you perceive your tax rebate could go a long way in determining whether or not you’re going to spend it.

What can you do if you cannot afford to pay your taxes

Today is April 15th, also known as the dreaded Tax Day in America. Due to the recession many people may find that they do not have enough money in the bank to pay what they owe. I

Will these car buying incentives get you to buy a new car?

This week President Obama rolled out an initiative for the failing American automakers to restructure. The plan proposes several consumer incentives to jumpstart auto sales. Her

Did Your Parents Give You a Whole Life Insurance Policy? Here's What to Do With It.

What is whole life insurance all about? If you have any questions about this, read on.

AIG employees - Why you should donate your bonuses instead of returning it

Lately many top AIG employees who were targeted by Congress in the $165 million "Bonusgate" incident have returned their bonuses. Some people are still holding out, and in my opin

Could you profit from Obama and Geithner's toxic assets plan?

This week the United States Treasury announced the Legacy Loans Program. The program is meant to be a partnership between the government and private investors to clear "toxic" ass

I Love Tax Season (and Why It's Like Christmas)

I have a confession to make: I love tax season. Not just the days when I do my taxes or when I file my taxes or get a chunk of change deposited to my account, but the entire Tax S

The "marriage penalty" of taxes in America - how does it affect you?

It is tax season again, and it seems that every year the tax code in America gets a little more convoluted. One thing in the tax code that has always annoyed me is something calle

101 Tax deductions for bloggers and freelancers

Anyone here like doing taxes? Didn’t think so. We all have to do them; we all have to pay money to Uncle Sam (although some get away with paying much less than others). But as

What can you do with $13 extra a week?

On Friday both the House and the Senate passed a new $789 billion stimulus package as a continuation of the efforts by the United States Government to jumpstart the economy. A sig

Not too late to get your IRS stimulus rebate--if you qualify

A lot of taxpayers missed out on getting their IRS economic stimulus rebate last year, even though they qualified. If you're one of them, you'll be glad to know that there's a way