Friday
Feb 10th
| Fed is right to intervene to ward off recession (FT.com) |
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FT.com - As the US economy and markets weaken, perennial pessimists have moved to centre stage, arguing for the inevitability of a serious recession. Tax rebates will not help, they argue, because heavily indebted consumers will simply save the rebate. And the Federal Reserve is "pushing on a string". Moreover, even if policymakers could rescue the economy it would be a mistake to stop a necessary adjustment in imbalances. Easing policy would only encourage excessive consumption, a big trade and budget deficit and dependence on rising asset prices - and it would extend the "serial asset bubbles". ... Read Entire Article                |
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
While 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.
While 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
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. Read more...
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