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Jul 30th
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Rangel Proposes Tax Changes, Expanded Unemployment Insurance (Bloomberg) E-mail
Bloomberg - Feb. 9 (Bloomberg) -- Representative Charles Rangel said Democrats view an economic stimulus package approved this week as a ``first step,'' and want to expand unemployment insurance and revamp the tax code to help low-income workers.
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Rebate questions and answers (AP) E-mail
AP - Beginning this spring, more than 130 million people will get rebate checks from the government in amounts from $300 to $1,200. Most households will get another $300 for each child under the economy relief bill passed by Congress. All must file an income tax return for 2007 to qualify.
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Bush: Will sign economic stimulus bill next week (Reuters) E-mail

President Bush pauses during delivering remarks at the Conservative Political Action Conference convention in Washington February 8, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. President George W. Bush said on Friday he would sign a $152 billion economic stimulus package into law next week.
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Congress sends economic aid plan to Bush (AP) E-mail

Senate Majority Leader Harry Reid of Nev., second from left, meets reporters on Capitol Hill in Washington, Thursday, Feb. 7, 2008, after Senate Democrats and Republicans reached agreement on an economic stimulus package. From left are, Sen. Richard Durbin, D-Ill., Reid, Sen. Max Baucus, D-Mont., and Sen. Patty Murray, D-Wash. (AP Photo/Dennis Cook)AP - Congress, facing the prospect of an election-year recession, passed an emergency plan that rushes rebates of $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other low-income people. President Bush indicated he would sign the measure.
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Obama suggests Clinton show tax returns (AP) E-mail

Reporters gather around Democratic presidential hopeful, Sen. Barack Obama, D-Ill., during an interview on his flight from New Orleans to Omaha, Neb. Thursday, Feb. 7, 2008. Obama was asked to comment on Mitt Romney's withdrawal from the presidential race. (AP Photo/Rick Bowmer)AP - Democrat Barack Obama suggested Thursday that Hillary Rodham Clinton follow his lead and release her and her husband's income tax returns so the public can see where the $5 million she loaned her presidential campaign came from.
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Home Office Deduction Many people whose small businesses qualify them for a home office deduction are afraid to take it because they've heard it will trigger an audit. But this deduction is no longer a red flag for an IRS audit. These tips can help you determine if you qualify to take the deduction--and rest easy when...
Brought to you by TurboTax.com
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How To
Take Advantage of 0% Cap Gains Before It's Too Late Take advantage of the 0% tax rate on long-term capital gains before it's too late.
General
Philly trying to preserve jobs while making cuts (AP) AP - Nearly a year ago, Mayor Michael Nutter took office amid glowing optimism: With the slogan "A New Day, A New Way," he promised to add hundreds of police officers, scale back taxes and help more Philadelphians get college degrees.
 
Filing Taxes
5 Smart Ways to Use That Refund Sample ImageWhile nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
Investment Taxes
OMB Control Numbers The Disclosure, Privacy Act, and Paperwork Reduction Act Notice for the
IRS Form 1040 states in part:
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number.
The fact that such a warning is printed on the IRS Form 1040
 
Work and Business Taxes
Tax Tips for Married Business Owners When married couples run unincorporated small businesses, they can really get nailed by the federal self-employment tax (SE tax). In fact, these small-business owners often face SE tax bills that exceed their federal income tax bills.
Home and Family Taxes
Broke states offering amnesty for tax cheats Desperate to bring in revenue in the middle of a recession, states across the country are adopting tax amnesty programs, offering to let people pay their past-due bills.
 
 
  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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