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Tax Lounge Blogs

Facebook wasn’t the only winner with its IPO

I don’t know if you have heard of this website called Facebook.  It is really quite simple in that people mingle to share photos, updates on their lives, play games, and oh, by the way, there are a few advertisements.

Posted To: Tax Rants by David Rocci By: David Rocci on 5/25/2012 6:48:52 PM

Memorial Day = Tax Free Holiday!

Memorial Day has become the unofficial start of summer as it is packed with BBQs, trips to the local pool, camping and boating, but in Texas it is also a sales tax holiday. We are accustomed to sales tax holidays

Posted To: Tax Rants by David Rocci By: David Rocci on 5/25/2012 6:15:07 PM

Are you an independent contractor or an employee?

An individual's employment status plays a pivotal role in their income taxes during filing season. In some cases, however, determining how to classify a worker can be difficult, and individuals wh

Posted To: Tax Ranger's Blog By: Tax Ranger on 5/24/2012 4:21:06 PM

Is a Robin Hood Tax on banks a good idea?

The North Atlantic Treaty Organization, or better known as NATO, is holding its Summit in Chicago this week.  Anti NATO protestors have made the Summit a major security concern for the city police.  Amongst some of the protests were groups

Posted To: Tax Rants by David Rocci By: David Rocci on 5/19/2012 11:20:39 PM

Taking advantage of a mortgage interest deduction

A home is one of the largest investments an individual makes during his or her lifetime, and one of the benefits homeowners are privy to is a mortgage interest deduction during filing season. However,

Posted To: Tax Ranger's Blog By: Tax Ranger on 5/14/2012 2:25:20 PM

Missed the Deadline?

If you missed the filing deadline, don't panic.  There's still time to get your return filed and avoid costly penalties.

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 4/23/2012 11:08:49 AM

Taxes are due…on Tuesday!

You’ve done it again   You did it in college.  You probably made your mother miss her due date and people tell you all the time that you “will be late to your own funeral ” You procrastinated and put

Posted To: Tax Rants by David Rocci By: David Rocci on 4/14/2012 1:09:13 AM

Mark Cuban and the Shark Tank can teach us about taxes

I went on a binge this week catching up on past episodes of “Shark Tank,” ABC’s hit show that has investors, The Sharks, listening to pitches from entrepreneurs seeking investment into their companies. The entrepreneurs are coming from all walks

Posted To: Tax Rants by David Rocci By: David Rocci on 4/9/2012 12:22:02 AM

Do I have to repay my home buyer tax credit?

Did you receive a home buyer tax credit and it is time for you to repay it?  The Internal Revenue Service has a tool to help you determine how to handle repayment on your tax return. You may have to

Posted To: Tax Rants by David Rocci By: David Rocci on 4/8/2012 1:00:08 AM

You got a refund! Now what?

The average tax refund this year is approximately $3,000 and many Americans don’t typically enjoy such a financial windfall. That leads to interesting and sometimes difficult financial decisions.  Some will run out and purchase entertainment items such as big screen

Posted To: Tax Rants by David Rocci By: David Rocci on 4/8/2012 12:06:56 AM