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Tax

Big Winners and Big Losers in the House and Senate Republican Budgets

Marian Wright Edelman | Posted 04.11.2015 | Politics
Marian Wright Edelman

In the House and Senate budget proposals for fiscal year 2016, passed with only Republican votes at the end of March, there are big winners and big losers. The big winners are defense spending and contractors and very wealthy people and powerful special interests. The big losers are children, our poorest group in America, and struggling low- and middle-income families.

Pot for Pensions

Steve Siebold | Posted 04.07.2015 | Politics
Steve Siebold

Huge municipalities like Chicago and Phoenix are drowning in underfunded pensions. Can tax revenue from legalized marijuana save the day?

Make Tax Day Work for You

Jim Gibbons | Posted 04.02.2015 | Money
Jim Gibbons

We all know that many hard-working families and individuals could use a financial boost in this still-tough economy. Millions of Americans can get just that by taking advantage of the tax credits and free filing services available to them.

Why We Need More Senior Women Leaders in Tax

Kate Barton | Posted 03.30.2015 | Business
Kate Barton

It's hard to ignore the mounting evidence that more gender-balanced leadership teams correlate with better business performance -- and the tax profession is no exception.

6 Tales Of Tax-Time Blunders: 'The Major Mistake I'll Never Make Again'

LearnVest | Posted 03.26.2015 | Money
LearnVest

Since it's probably safe to say that many of us haven't read the U.S. tax code verbatim, there's quite a lot of room for error when it comes to correctly filling out forms and filing your return.

Self-Employment Taxes Are A Special Kind Of Hell

David A. Dedman | Posted 03.17.2015 | Money
David A. Dedman

Unfortunately, when you're self-employed this is your problem and nobody else's.

How I Beat Quicken's Upgrade-or-Else Scheme

Jeff Fox | Posted 03.12.2015 | Technology
Jeff Fox

A few years ago, I began to question whether each new version's bells and whistles, many of which I didn't need, were worth the price. Then there were the changes Intuit had made to the program's user interface over the years that forced me to change my habits.

Sales Tax On Software: Virtually Impossible to Understand

David Seiden | Posted 02.26.2015 | Business
David Seiden

States are generally slow to enact new laws in the face of new technology. Hence many of states find themselves applying existing sales tax laws, developed for brick-and-mortar transactions, to emerging technology transactions (i.e. cloud computing).

Making Sure Loved Ones Are Prepared for Their Retirement Years

Jason Alderman | Posted 02.27.2015 | Money
Jason Alderman

If a senior relative faces a sudden, debilitating illness or starts losing control of everyday finances, would you know where his or her retirement, estate and long-term care issues stand?

Is Bruce Rauner Sneaking a Tax Increase Past Illinois Voters?

John A. Tures | Posted 04.19.2015 | Politics
John A. Tures

When Illinois Governor Bruce Rauner was elected in 2014, he ran on an anti-tax platform. But is he trying to sneak a tax increase past voters that he never called for in last year's campaign?

Getting Serious? Five Important Money Questions to Ask

Jason Alderman | Posted 04.13.2015 | Money
Jason Alderman

This Valentine's Day, consider thinking beyond the roses and candlelit dinners to a potential future of merged finances. If your relationship is heading that way, a discussion is essential before making the move.

You Be You or Someone Else Will Try -- Identity Theft Prevention Techniques

Mark Steber | Posted 04.09.2015 | Business
Mark Steber

According to top industry specialists, almost everyone's personal information has ALREADY been stolen in one form or another. And it is just a matter of time of when it will happen again.

Student Loan Debt Crisis in America

Rep. Charles Rangel | Posted 04.07.2015 | Politics
Rep. Charles Rangel

Because of the student loan debt crisis, millennials are increasingly delaying investments in houses, not buying cars, and putting off starting a family, which cripples our consumer-driven economy. And perhaps most troubling, they are avoiding graduate and professional school programs.

Millions of Americans Miss One of the LARGEST Tax Benefits Every Year - Are You One?

Mark Steber | Posted 03.25.2015 | Business
Mark Steber

According to the IRS one in every four eligible taxpayers do not claim their Earned Income Tax Credit (EITC). This often overlooked tax credit is also one of the largest credits available to taxpayers. This year, the maximum EITC is $6,143 and that is a LOT of money to leave on the table.

Does My Company Have What It Needs to Be Expanded Internationally?

Darilyn Aquino | Posted 03.14.2015 | Business
Darilyn Aquino

For the export to be successful we should obtain a realistic response to the questions that will help us to assess the real situation of the company and whether if the company has a real export potential and capacity.

How to Turn Your End of Year Charitable Contributions Into Tax Savings

Lisa Greene-Lewis, CPA | Posted 02.23.2015 | Money
Lisa Greene-Lewis, CPA

While many of us show our generosity throughout the year by donating to charity and volunteering our time to help causes we support, there's no better time than the holidays to get into the spirit of giving.

Tax Tips for Gifting Yourself This Year

Mark Steber | Posted 02.22.2015 | Money
Mark Steber

So give yourself one final gift this year and consider your taxes as you do what you normally do during the end of the year and the holiday season. A bit more attention to the tax rules and possibly tweaking what you do, might give you a bigger refund at tax time.

Smart Tax Moves to Consider Before New Year's Eve

Jason Alderman | Posted 02.09.2015 | Money
Jason Alderman

The flurry of activity during the last weeks of December can make it difficult to pay attention to finances. If you want to save on your tax bill come April, now's the time to make some critical moves.

The Country Has Spoken

Jaimie Woo | Posted 02.07.2015 | Politics
Jaimie Woo

Exit polling data from Election Day showed clear majorities in against growing corporate influence on the political process and in favor of greater corporate accountability. The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

Almost Thanksgiving and Extenders Are Still on the Table. What Does That Mean to Your Taxes?

Mark Steber | Posted 01.20.2015 | Business
Mark Steber

The mid-term elections are over, but -- as of this minute -- Congress has not tackled extending some tax breaks, i.e. that collective group known as the "Tax Extenders", which we address seemingly every couple of years.

Hollywood Loves Military Movies -- Shouldn't It Love Hiring Vets?

Richard Arthur | Posted 01.10.2015 | Entertainment
Richard Arthur

We owe it to our vets -- and the American people -- to take steps to usher more veterans into the film and television business -- on set, in production offices and in the writer's room.

Unclaimed Property -- The Check Is in the Mail

David Seiden | Posted 01.08.2015 | Business
David Seiden

It is important to note that UP is administered at the state level. In fact, all 50 states and Washington D.C. have their own laws and regulations regarding types of property that can be classified as UP, the dormancy period by property type, and the reporting requirements for holders of UP.

2015 Tax Law Changes You Need to Know About

GOBankingRates | Posted 01.04.2015 | Money
GOBankingRates

Besides the ACA, there are a few interesting changes that could affect you when you file that 2014 tax return next year.

Fall of Inversions

Susan E. Harley | Posted 01.04.2015 | Politics
Susan E. Harley

Time is running out for Dave Camp to leave a positive legacy on taxes. Putting multinational corporations on the road to paying their fair share would be the perfect parting gift to his Michigan constituents.

Government Gold-Plating

Steve H. Hanke | Posted 12.25.2014 | Politics
Steve H. Hanke

In addition to supporting members of Congress and civil servants, U.S. taxpayers support welfare recipients. And they support them lavishly, too. Hawaii, Massachusetts, and D.C. residents receive sizeable welfare payments (Read: salaries).