Tax Blog

I’m cashing in a few EE series savings bonds that will result in $574.46 in interest. This interest is taxable when I submit my income tax, but it’s not taxable by the state or local entities.

How much tax should I expect to pay when the time rolls around?

Tax Blog

Aren’t tax cuts a purely republican strategy?

Didn’t Reagan and Bush both use extensive tax cuts to boost the economy at the beginning of both of their first terms?

Has Obama gone “Reagan” on us?

From: www.youtube.com April 08, 2010 April 08, 2010News Corp FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law.

Tax Blog

So many of our founding fathers strongly oppose income tax.

Federal income tax and other income taxes wasn’t introduced until the mid to late 1800′s and in 1913. This is after all our founding fathers are gone or dead.

Any readings you recommend to find out why income tax was introduced?

Democrats drop plan to increase state sales tax
OLYMPIA — Senate Democrats on Wednesday dropped a contentious proposal to raise the sales tax, clearing a path to a possible agreement on a tax package with the House and an end to the special session.

Read more on Everett Herald

Tax Blog

what tax policies can be used in times of recession to encourage investment in a country?

Individuals who dont purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agencys options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that dont comply is by reducing or confiscating their tax refunds. Speaking at the National Press Club on Monday, Shulman downplayed the irss role in enforcing the recent overhaul of the health insurance industry by claiming the agency would not aggressively target individuals who dont purchase coverage. He noted that the health-care bill expressly forbids the agency from freezing bank accounts, seizing assets or pursuing criminal charges, but when pressed said the IRS would most likely use tax refund offsets to penalize those that dont comply with the mandate. The IRS uses refund offsets to collect from individuals that owe the federal government a delinquent debt. These are not the kinds of things we send agents out about, Shulman said. These are things where you get a letter from us. Congress was very careful to make sure there was nothing too punitive in this bill. Many reports have claimed that enforcement of the individual mandate will be non-existent, but Shulmans answers indicate differently. According to businessweek, starting in 2015 Americans who dont purchase insurance will be subject to a fine of $325 and that sum increases to $695 in 2016. However, the …

Tax Blog

I’m a weddding photographer and videographer. How do I file my income tax return. I’ve not been filing or claiming taxes on my photography work. I make average about $900.00 per month some times $4,000.00 per month but I never file taxes on them. please help and thankyou so much in advance.

Tax Blog

TOTAL PRICE AFTER TAX WAS 107.75. HOW DO I FIND THE ORIGINAL PRICE (TAX WAS 7.75%)

How Any Small Business Owner Or Self-Employed Person Can Save Thousands In Taxes.
Tax Reduction Toolkit.