Tax season has arrived and if you're considering filing without all your tax documents, or even worse, underreporting your income, you may want to think twice.
Nicole Gillyard, also known as The Profit-ista, gets candid about the Beneficial Ownership Information (BOI) report, its importance, compliance steps, how to file for free, and more in this exclusive interview.
How do we fix this unfair tax code penalty on women?
The IRS has Beyoncé on the hook for almost $3 million, but the mogul says, "Aht, aht, aht!"
"For some, Uncle Sam is a kind friend who drops a check in the mail just in time for spring. For others he's a cruel collector..."
(Washington Examiner) — Maryland and Virginia saw third-quarter losses in state tax revenue in 2010 compared with the same quarter last year, bucking a national trend showing positive gains. Nationally, states collected $7.6 billion more in taxes during the third quarter this year than in 2009, representing a 4.8 percent increase in state tax dollars, […]
Obama arranged for less tax money to be withheld from people’s paychecks, effectively giving them a small “rebate” in every paycheck, rather than a lump sum. Unfortunately, many didn’t notice.
(New York Times) — Sometimes, basic common sense can get lost in heated political rhetoric. So can consistency. That has clearly happened in the Congressional debate over whether or not to change the tax treatment on limited partnerships’ carried interest from the capital gains rate to higher ordinary income tax rates. Details of a House […]
The estate-planning community is facing an unusual situation this year. The federal estate tax expired at the end of 2009, so in 2010 there is no tax – so far, anyway. The majority of Americans won’t notice the change because their estates are too small to be affected. But this is causing some degree of […]
by Marcus Stern, ProPublica – February 3, 2010 Feb. 3 and Feb. 12: Photo by Flickr User Francis Mayne A transfer of billions of dollars in federal aid from public projects in Puerto Rico to one of the world’s largest liquor conglomerates over the next 30 years continues to move forward without any objection from […]