Taxes Information

Taxation of Forgiven Debt: The 1099C & You


Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum.

Some Folks Pay A Lot Less Tax Than Others On Very Same Income-Did You Pay Too Much Tax In 2004?


Someone once remarked, "Next to being shot at and missed, nothing is quite so satisfying as an income tax refund." There's no question that saving money in taxes is high on everybody's list of financial priorities, especially small-business owners.

Getting A Second Extension to File 2004 Taxes


Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly.

Euro Tax Haven Threat


Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar, Monaco, Malta and Andorra, to disclose bank account owner information to their home country's tax authority.

Furnishing Evidence in E-Tax Compliance


Self-assessment relies on taxpayers voluntarily meeting their tax obligations. This concept is recognised in all tax statutes, which sets out taxpayers' primary obligations, and clearly spells out that taxpayers are required to determine the amount of tax payable correctly and to pay it on time.

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.

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.

What You Need To Know About Taxes If You're Getting Married


It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax situation.

Send Your Kids To Summer Camp and Write It Off


If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people who, in order to work or to look for work, have to pay for child care services for dependents under age 13.

What Is Tax Law?


The federal tax code is complex. This complexity generally arises from two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the code.

History Of The Federal Income Tax


The powers of Congress, and the limitations set upon those powers, are set forth in Article I of the United States Constitution. Section 8 specifies both the power to collect, "Taxes, Duties, Imposts and Excises," and the requirement that, "Duties, Imposts and Excises shall be uniform throughout the United States.

State Tax Information


All states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes.

About Income Taxes; Tidbits


1812The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt.

Requirements To Produce Tax Information (Whats Up With That?)


"What we've got here is a failure to communicate." --Strother Martin in Cool Hand Luke Statutory Law Governments pass laws, it's what they do.

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.

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MORE RESOURCES:

Voice of America

Export Tax That Angers Farmers Advances in Argentina
New York Times, United States - 7 hours ago
Legislators debated for more than 15 hours, starting at 7 pm on Friday, before voting 129-122 to approve the export tax system created by President Cristina ...
Argentina's lower house of congress backs grain-export taxes that ... Malaysia Star
Argentina parliament backs tax hike Aljazeera.net
Argentine MPs increase farm taxes BBC News
The Money Times - New York Times
all 152 news articles


Telegraph.co.uk

Economic downturn means the next government might have to increase ...
Telegraph.co.uk, United Kingdom - 21 hours ago
But the outlook for the public finances suggests that the first Budget of an incoming Tory government might have to increase taxes rather than (aspire to) ...
Tories offer to 'share the pain' of fuel bills with variable duty Daily Mail
Tory plan to cut fuel duty ePolitix
Tories would cut 5p a litre off cost of fuel by using tax surplus ... Times Online
Telegraph.co.uk - Telegraph.co.uk
all 137 news articles


EDITORIAL: Start cutting state taxes
Niagara Gazette, NY - 18 hours ago
NIAGARA FALLS — The signs from Albany that the leadership is finally getting a clue about New York’s stifling property taxes continues to be encouraging. ...
You Had a Friend in Albany New York Times
Upstate residents will judge Skelos by deeds, not words Press & Sun-Bulletin
The dean of Albany Long Island Business News (subscription)
13WHAM-TV - Buffalo News
all 15 news articles


That topic we love to hate
Atlanta Journal Constitution,  USA - 4 hours ago
As we all learned in history class, discontent over British-levied taxes ranked high among the grievances that led to the Declaration of Independence and ...
Tax Boost on Dividend Income Wall Street Journal
Is Obama Dragging Down Stock Prices? Consumer Affairs
Pocketbook policies World Magazine
all 4 news articles


Taxes: Shared responsibility makes citizenship priceless
Orlando Sentinel, FL - 15 hours ago
The government and those not involved in the prosecution of the war had a deep aversion to paying taxes to support the conflict, and the national government ...
Amendment 5 worries local businesses Florida Today
Tax Swap Battle Continues in Florida WCTV
all 6 news articles


Affordability issue in governor's race
Boston Globe, United States - 7 hours ago
In late June, Douglas called a news conference to lambaste lawmakers for not doing anything this year to stem rising property taxes. ...


Gas and other taxes will play big role in fall campaign
Louisville Courier-Journal, KY - 14 hours ago
Mitch Daniels, a Republican, suspend the state sales tax on gasoline to save drivers about a quarter on a gallon of gas. Daniels, citing an opinion from the ...


Sioux City Journal

McCain’s Fuzzy-Math Health Care Plan
CBS News, NY - Jul 5, 2008
Senator Is Supposed To Keep Taxes From Going Up, But It May Not Work Out That Way John McCain's health care plan may work out differently than he has ...
McCain's health plan: A threat to employer plans? The Associated Press
all 140 news articles


Transportation funding looms large
Newsday, NY - 8 hours ago
"This spending plan will inevitably lead to calls for higher taxes or tolls because it fails to address the state's transportation needs," said Kean, ...


Sorry, treasurer: Wheel, motorcycle taxes paid first
South Bend Tribune, IN - 12 hours ago
Now, with the unfair wheel tax of $90 that I have to pay and the unfair $10 administrative fee (tax) on my motorcycle plates, I just didn't have enough left ...

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