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Bankrate.com: 2006 Taxes Headlines
Advice to keep you on track for the big day in April -- and throughout the year
- June 15 filing deadline for some
Don't panic. This month's IRS due date only affects folks who must pay estimated taxes. But if you are required to submit a 1040ES, don't miss your payment or it could cost you more later. - June 12, 2009
- Find the tax professional who's right for you
You can protect yourself from tax scams by hiring a reputable tax preparer. Here are some tips to help you find a good tax professional. - April 17, 2009
- Time's up! It's tax deadline day
No more excuses. You must send something to the IRS by the deadline or face the consequences. - April 15, 2009
- Coming up with tax cash
If tax day is pay day and you can't pay the IRS, don't panic. Here are some options. - April 15, 2009
- 10-point tax checklist
Don't send your return until you complete this simple last-minute review. - April 14, 2009
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Straightforward advice for people in business -- and those who want to start one.
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Get personal finance advice from Bankrate.com experts.
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Forbes - Taxes
Forbes - Taxes
- Bruce Bartlett's Accessible and Insightful Guide to Tax Reform
Bruce Bartlett showed just how much he understands Washington by arranging to have his new book, The Benefit and the Burden: Tax Reform, Why we Need it and What it Will Take, published the day of the State of the Union Address. President Obama did not announce a new tax reform initiative--since he'd done this the last couple of years with absolutely no follow through, he'd have provoked guffaws if he'd tried again--but Obama did inadvertently highlight the need for reform with his incoherent laundry list of patches onto the current dysfunctional system. - January 26, 2012
- Good and Better IRS News For Abuse Victims
It is a real tragedy that someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser's tax debts. How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax than the total of two married filing separate returns (The total of the two returns as single might be even lower, but that is not an option if you are married). It is rare for couples or their tax advisers to seriously consider filing separately even for the last year of a marriage. I believe that this is a mistake. Filing jointly, which is an irrevocable election, has a price - joint and several liability. An irrevocable election is something you can choose to do, but cannot undo. Joint and several liability means that the IRS can collect the entire amount of any deficiency from either spouse. The deficiency can come either from an audit or from the return being filed without full payment. - January 27, 2012
- Hooking Up With Gen Y - Challenge for Business
- January 27, 2012
- What's Wrong With the Buffett Rule
<div class="post-thumb"><img src="http://blogs-images.forbes.com/thumbnails/blog_1931/pt_1931_159_t.jpg?t=1327712181" alt="image thumbnail - see full story for attributions" class="post-thumb" /></div> Remember, everyone: there are two "t"s in "Buffett." (Image via Wikipedia) It appears that Senator Sheldon Whitehouse (D-R.I.) intends to introduce a “Buffett Rule” bill in the Senate, in line with President Obamas State of the Union call that anybody making over $1 million should be paying at least a 30 - January 27, 2012
- Warren Buffett's Advice To A Boomer: Buy Your Sunbelt Retirement Home Now
Emerging from the political muck over how much Warren Buffetts secretary is paid and what she pays in taxes, is some good financial advice for boomers: If you want to retire to a warm clime in the future, consider swooping up your future home now, at a bargain price and a low mortgage rate. - January 27, 2012
- Shark Jumping With Facebook And Fonzie
Will Facebook be worth $100 billion after it goes public? - January 27, 2012
- The Laffer Curve Works, Even in France
One year ago, I wrote about how the French government was getting unexpected additional revenues following the implementation of lower tax rates. - January 27, 2012
- What the Romney and Gingrich 1040s Tell Us About How We Tax The Rich
<div class="post-thumb"><img src="http://blogs-images.forbes.com/thumbnails/blog_12/pt_12_36136_t.jpg?t=1327625694" alt="image thumbnail - see full story for attributions" class="post-thumb" /></div> Image via Wikipedia Ernest Hemingway: I am getting to know the rich. Mary Colum: I think youll find the only difference between the rich and other people is that the rich have more money. It turns out that when it comes to taxes, at least, Ms. Colum, was mostly—but not entirely—right. To see - January 26, 2012
- Ask the taxgirl: Form W-2 and Withholding
Taxpayer asks: - January 26, 2012
- Ask the taxgirl: I Forgot Schedule M
Taxpayer asks: - January 26, 2012
- Historian: Romney's Tax Returns Show Wealth Should Be Taxed Like Work
If youre interested in tax policy, it pays to follow the work of Joseph J. Thorndike, director of the Tax History Project at Tax Analysts, a contributing editor for Tax Notes magazine, and a Visiting Scholar in History at the University of Virginia. He is currently writing a book on the history of tax fairness and social justice in the 20th century and was a font of information when I wrote recently about billionaire poster boys for tax reform ---from steel titan Andrew Carnegie to Berkshire Hathaway's Warren Buffett. - January 26, 2012
- Caterpillar Calls Out Central Banks
Manufacturer says premature monetary tightening is chief risk to bullish economic outlook. - January 26, 2012
- Mitt Romney Is Hardly A Pig When It Comes To Tax Deductions
Overall, his tax return looks like a wealthy retiree with a large investment portfolio, and he has the luxury of waiting to generate long-term capital gains. He did report a $4.8 million long-term capital loss carryover from 2009, which may have been related to the financial market meltdown in 2008 and 2009, which points out that there is a downside risk to investing too. - January 26, 2012
- Tax Gap Grows Between Haves And Have-Nots
President Obama's call for tax reform may have sparked an unpleasant debate about who should pay more and what kind of system we have. Unfortunately, a minimum tax is something we tried in the 1960s. It spread into the out-of-control (and often quite inequitable) AMT. Will Everyone Pay AMT Next Year? Plainly, an AMT model is flawed. - January 26, 2012
- Mailbox Blues
The 1099s and W-2s now arriving feature some confusing changes. Here's help. - January 25, 2012
- Apple's Big Quarter An Exception To The Rule
Earnings season has been tricky for most companies. - January 25, 2012
- Taxes and the State of the Union
Last night was the State of the Union speech as delivered by President Obama. Traditionally, the State of the Union speech is delivered once a year to both houses of Congress. For the last hundred years or so, the speech has been delivered in January of each year and is the President's opportunity to address Congress and the nation about how we're doing as a country and what his particular agenda will be for the coming year. - January 25, 2012
- This College President Is A Game Changer
There is a man leading one of the largest private universities in the United States, and he is leading it from the front; walking the walk and making a very real difference for students, his university and those that live and work in his university's neighborhood. His name is, John Fry, and he is the President of Drexel University. - January 25, 2012
- President Obama's Tax Deform Agenda
For a while there, I thought President Obama was going to embrace tax reform in his State of the Union address. Instead, following the lead of his predecessors, he offered a laundry list of new tax subsidies, bragged about some old ones, and said almost nothing about a top-to-bottom rewrite of the tax code. - January 25, 2012
- Obama Pushes Payroll Tax Cut Extension: What's at Stake
An extension in the payroll tax cut for the remainder of the year is not guaranteed, so that is why in his State of the Union address President Obama pushed hard for it. “Our most immediate priority is stopping a tax hike on 160 million working Americans while the recovery is still fragile,” he said. - January 25, 2012
- How to Pay Taxes Like Mitt Romney
How would you like to pay taxes like GOP presidential candidate Mitt Romney? Considering that his recently released tax returns show that he paid about $3 million in taxes on each of his 2010 and 20011 returns, this doesn't sound very appealing. However, when you consider that his taxable income was about $22 million in 2010 and $21 million in 2011, he actually paid an effective tax rate of just 14% and 15%, less than many middle-income Americans pay. - January 25, 2012
- State Of The Union For Small Business
If you listened to the State of the Union speech last night and you are an independent business owner, you come away anxious. The President was clear that he intends to pursue a tax increase on those whose income is over $250,000, as well as a minimum 30% tax increase on those whose income is over $1 million. Additionally, he wants to increase the capital gains tax so that providing capital to small business owners in the form of equity will be taxed at a higher rate. - January 25, 2012
- The Case For Investing in the IRS
Most American taxpayers would not consider the IRS to be underfunded, let alone the IRSs need for more resources to be the most serious problem they face. Given the growing “tax gap” (i.e., the amount of all unpaid tax liabilities), however, a persuasive case can be made that the government should invest more in the IRSs budget. - January 25, 2012
- The Cato Institute Responds to President Obama's State-of-the-Union Address
I've already bragged that the Cato Institute is America's best think tank, highlighting the fact that we took the lead in battling against Obama's faux stimulus at a time when many were dispirited and reluctant to fight big government. - January 25, 2012
- Obama Speech Stresses Economic Benefits Of Healthy Environment
President Barack Obamas State of the Union Address focused on the role that government can play in promoting the general welfare, but a subtext running throughout was the role that a healthy environment plays in supporting our economy. - January 25, 2012
- Obama Proposes Doubling Romney's Taxes, With Minimum 30% Rate
President Barack Obama tonight called for millionaires to pay an effective minimum tax rate of at least 30%, more than twice the rate Republican Presidential Candidate Mitt Romneys tax returns show he paid in 2010 on an income of nearly $22 million. - January 25, 2012
- State of the Union's Taxes: Buffeted Poor
President Obama's State of the Union Address may have suggested Mitt Romney should pay higher taxes--Obama Proposes Doubling Romney's Taxes, With Minimum 30% Rate--but we actually have more systemic problems. Our tax system isn't held in high regard by much of the world. Even Harvard Business School alums think we're practically third world in taxes. See Politics, Tax Code Said to Stymie U.S. - January 25, 2012
- What Romney's Tax Forms Can Teach Us (and Mormons) about Tithing
I have a lot of Mormon friends. Although they are commonly referred to as Mormons, they prefer to be referred to as the Church of Jesus Christ of Latter-Day Saints (or LDS for short). My LDS friends are fantastic, and the ‘fruits of the spirit that they exhibit, their moral values, and families are a great demonstration of their faith. Im almost hesitant to talk about tithing and LDS matters, as I dont want to be labeled as an anti-Mormon (Im not), and Ill probably have a couple thousand folks filling out missionary reference cards about me. However my friends also know that I like spirited debates, I have an 'open mind', and they dont mind that this non-LDS (yet) person comes along for their camping trips. - January 24, 2012
- Cost Basis FAQ
If you are like most brokerage customers, you have gotten a mailing recently warning you about the scary new rules for determining the cost of stocks you sell. Whats going on? This guidebook will explain. It may also motivate you to invest in companies like Wolters Kluwer and Intuit. - January 24, 2012
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