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Jan 06th
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Bush threatens farm bill veto if goals missed (Reuters) E-mail

President Bush and the new Secretary of Agriculture Ed Shafer look toward one another during Shafer's ceremonial swearing-in ceremony at the Department of Agriculture in Washington February 6, 2008. REUTERS/Kevin LamarqueReuters - President George W. Bush warned on Wednesday he will veto the new U.S. farm law if it raises taxes or fails to cut off subsidies to farmers and land owners making more than $200,000 a year.


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'Mafia cop' pleads guilty in tax case (AP) E-mail
AP - A former New York police detective accused of moonlighting as a hit man for the mob pleaded guilty Tuesday to one count of filing a bogus income tax return, federal prosecutors said.
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Bush budget would bring record deficits (AP) E-mail

President Bush holds up a laptop computer showing the electronic version of the fiscal 2009 Federal Budget, Monday, Feb. 4, 2008, during a meeting with members of his cabinet in the Cabinet Room of the White House in Washington. (AP Photo/Pablo Martinez MonsivaisAP - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.


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Pennsylvania governor unveils anti-recession plan (Reuters) E-mail

Pennsylvania Governor Ed Rendell addresses the media in Quarryville, Pennsylvania, October 3, 2006. Rendell on Monday proposed a $2.3 billion spending plan, including tax rebates, to spur consumer spending and bolster job creation in a move to protect the state from any national recession. (Bradley C Bower/Reuters)Reuters - Pennsylvania Governor Ed Rendell on Monday proposed a $2.3 billion spending plan, including tax rebates, to spur consumer spending and bolster job creation in a move to protect the state from any national recession.


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Bush budget makes tax assumptions (AP) E-mail

U.S. President George W. Bush holds up a laptop computer containing the 2009 budget during a meeting with his cabinet at the White House in Washington February 4, 2008.  
REUTERS/Kevin LamarqueAP - President Bush's tax-and-spending blueprint calls for making 2001 and 2003 tax cuts permanent but assumes that tens of millions of taxpayers eventually will be paying higher alternative minimum tax rates.


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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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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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