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Jan 05th
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Tax Cut For Hugo? (Investor's Business Daily) E-mail
Investor's Business Daily - Energy: If there's anything more dumbfounding than the House's imposition of higher taxes on oil companies, thereby guaranteeing higher prices at the pump, it's the exemption voted for Venezuela's state oil firm.
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IRS sending out millions of alerts (AP) E-mail

President Bush smiles as he walks past stacks of boxes containing tax rebate checks ready to be mailed at the Financial Management Service Facility, where government checks are printed, in Philadelphia, Pa.,in this July 24, 2003 file photo. A reader-submitted question related to whether rebate amounts in 2008, is being answered as part of an Associated Press Q&A column called 'Ask AP.' (AP Photo/Charles Dharapak, File)AP - Don't be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and the news is good.
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Today on the presidential campaign trail (AP) E-mail

Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y., campaigns at Ohio University Southern Campus Child Development Center, in Hanging Rock, Ohio, Thursday, Feb. 28, 2008. (AP Photo/Carolyn Kaster)AP - Clinton raises $35 million in February; Obama camp says it will surpass ... Obama says economy on verge of recession, blames Bush, McCain for failed leadership ... McCain says critics distort his remark about U.S. troops staying 100 years in Iraq ... Clinton offers plan to cut child poverty in half in a dozen years ... Huckabee: Public financing questions could hamper McCain
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Liechtenstein says Germany committed crime on bank data (AFP) E-mail

Liechtenstein Prime Minister Otmar Hasler talks to the press at the European headquarters in Brussels. Liechtenstein on Thursday called for a compromise with European nations amid a worldwide tax fraud probe focused on its banks but said German agents who uncovered the scam committed a crime.(AFP/Dominique Faget)AFP - Liechtenstein said Thursday it had no choice but to investigate the theft and sale to Germany of bank data that has sparked a global hunt on tax evaders because the actions constituted a crime.
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GM posts biggest annual US auto loss (AP) E-mail

Unsold 2008 G6 sedans sit in a long row at a Pontiac dealership in Littleton, Colo., on Sunday, Jan. 27, 2008. General Motors Corp., the make of Pontiac, reported the largest annual loss for an automotive company Tuesday Feb. 12, 2008 and said it is making a new round of buyback offers to U.S. hourly workers as it struggles to turn around its North American business amid a weak economy.(AP Photo/David Zalubowski)AP - General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
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Latest Tax Tips
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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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