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Feb 07th
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FairTax Part Of Huckabee's Rise, But Idea Does Not Lack Critics (Investor's Business Daily) E-mail
Investor's Business Daily - Preacher-turned-politician Mike Huckabee has talked his way to the front of the Republican pack with an appeal of conservative values, compassion and charm. But he's also pitching the most radical change of any candidate -- abolishing the Internal Revenue Service.
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H&R Block says may need more financing (Reuters) E-mail

Tax specialist George Klatt (R) advises Joshua Falley in an H and R Block office in Chicago April 16, 2007. Top U.S. tax preparer H and R Block Inc said on Thursday the borrowing capacity under its committed lines of credit might not be sufficient to meet its financing needs and it might need to issue added debt or equity securities to meet future requirements. (John Gress/Reuters)Reuters - Top U.S. tax preparer H&R Block Inc said on Thursday its borrowing capacity may not be sufficient to meet its financing requirements and it may have to issue additional debt or equity.
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Tax ritual underscores need for reform (Reuters) E-mail

Postal worker Michelle Linton puts out tax forms at the main post office in New York, April 15, 2003. A last minute scramble by U.S. lawmakers to prevent millions of unsuspecting middle income families from being hit with a tax for the very rich shows just how broken the U.S. tax code has become. (Chip East/Reuters)Reuters - A last minute scramble by U.S. lawmakers to prevent millions of unsuspecting middle income families from being hit with a tax for the very rich shows just how broken the U.S. tax code has become.
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Senate Passes Extension of R&D Tax Credit (PC World) E-mail
PC World - A bill granting a one-year extension to a research and development tax credit program supported by many technology trade groups is off to President Bush for signature.
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Senate passes extension of R&D tax credit (InfoWorld) E-mail
InfoWorld - The U.S. Senate has passed a one-year extension to a research and development tax credit program supported by many technology trade groups.
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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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