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Merry Christmas from the IRS: Another Year of Government Disfunction
23 hours ago ago from Obama Snafu
Here are a few stories to bring holiday cheer for taxpayers. First, we have an Associated Press report that several hundred thousand federal bureaucrats have serious tax delinquencies. The Department of Housing and Urban Development always ranks high on the list of government entities that should be abolished, so it's interesting to see that HUD bureaucrats are most likely to be dodging their taxes: More than 276,000 federal employees and ...
Related contentTip 25: Determine if You Should Convert to a Roth IRA
1 hour, 43 minutes ago ago from The Entrepreneurial Advocate
Starting January 1, 2010, traditional IRA owners will have the opportunity to convert a traditional IRA to a Roth IRA without being limited by the IRA owner’s income level. Prior to 2010, the IRS required taxpayers to have an AGI less than $100,000 to take advantage of a roll-over of IRA assets to a Roth. This income limitation will no longer be in place as of January 1st. Roth Benefits Roth IRAs are funded with after-tax dollars and ...
Related contentHow To Get That Tax Refund Faster
17 hours ago ago from Stone Cold Cash
There are several methods which can get you your tax refund quicker. It depends on whether you keep detailed records on at least a monthly basis or not. The price of good organization is the rapid response to your tax return. It will help you, if you are a business rather than an individual, to have conscientious employees. You must first have the means to determine whether you have a refund. Some have tax attorneys, if this is your case then ...
Related contentTax Tips: New Car Tax Break for 2009
8 hours ago ago from The Retirement Advisor
The Retirement Advisor would like to remind readers of some year-end tax issues. New Car Tax Break If you are considering buying a new car, you have until Dec. 31 to take advantage of a tax break that may not be around in 2010. Taxpayers who buy a qualifying new motor vehicle this year can deduct the state or local sales or excise taxes they paid on the first $49,500 of the purchase price. Qualifying motor vehicles include new ...
Related contentVoters Remain Skeptical About Health Care Bill
19 hours ago ago from Poll Tracker
Senate Democrats celebrated passage of health care overhaul legislation but voters are still skeptical of what's ahead, says a new Rasmussen Reports survey. In the survey of 1,000 voters, conducted Dec. 22-23, 41 percent favored the health care bill but 55 percent were opposed. Some specific policies could raise challenges as Democrats try to pass a final version in early 2010, the survey said. Among them: 54 percent said ...
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