Topics: Taxation - 2070 results


Posted 1 year ago in Taxation by Aaron Kase  
Don’t Get Screwed by Your Spouse on Tax Day

Tax day is Apr. 15, as many consumers making last-minute trips to the post office are already painfully aware. What some people might not realize is that tax day may be the day that they get screwed over financially by their spouse. The key point to take home: If your husband or wife owes money to the IRS, that means you owe money too. Most married couples file joint returns, making them a unit in terms of tax payments in …

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Posted 1 year ago in Taxation by Michele Bowman  
‘Accidental’ Americans Still Owe Income Tax

Most people who are born in the United States or who purposely become citizens here know they are U.S. citizens. But many people who’ve spent their lives abroad and are citizens of other countries may be shocked to learn that they are considered U.S. citizens, and thus owe U.S. taxes.   Lifetime Abroad, Surprise at Home The United States is one of only a handful of countries that requires its citizens to pay taxes on income, gains and assets no …

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Posted 1 year ago in Government On the Lighter Side Taxation by Betsy Kim  
Fun Tax Facts [Infographic]

It’s a taxing time of year. So, this tax infographic provided by H&R Block aims to lighten your load with some interesting facts. It includes a breakdown of how the federal government spends your tax dollars. You can also enjoy some of the most famous (and true) quotes about paying taxes. Scroll down for some fun-to-know trivia: How long is the U.S. tax code? How many tax preparers do Americans hire each year? And more. Source: H&R Block

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Posted 1 year ago in Bankruptcy Taxation by Michele Bowman  
Dionne Warwick Seeks Bankruptcy to Avoid Old Tax Debt

Legendary songstress Dionne Warwick on Mar. 21 filed for bankruptcy in federal court in New Jersey, where she lives, hoping to end a decades-old battle with the Internal Revenue Service over her tax debt.   No Other Choice Warwick is reportedly blaming a former manager for “negligent and gross financial mismanagement” resulting in the tax mix-up that left her $10.2 million in the hole with the IRS and the State of California. Over the years, the singer was paying off …

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Posted 2 years ago in Taxation Your Home & The Law by Betsy Kim  
Save $$ with Strange but Valid Tax Deductions [Infographic]

Lawyers.com reported on Mary J. Blige’s tax troubles, as the state of New Jersey has filed a $900,000 lien against her home. But you can stay out of trouble and possibly even save money by knowing tax laws. The TurboTax infographic below shows 10 strange but legitimate ways to possibly reduce your federal taxes. Your child’s taking clarinet lessons, your quitting smoking and moving family pets are some of the interesting but little known deductions that might save you money …

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