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Tax Lounge Blogs

Did Microsoft break the law?

Is it interesting that when a “big bad corporation” does something to save on taxes being paid, we as the general public end up in rage. I truly find it humorous.  We, at Liberty Tax, spend countless hours each year

Posted To: Tax Rants by David Rocci By: David Rocci on 9/23/2012 10:24:04 PM

Tax benefits for low-income families

When households are struggling to make ends meet, build savings and plan for retirement, being hit with a tax bill can hinder their goals. While Americans should never shirk their tax responsibilities

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/20/2012 4:06:55 PM

Tips for avoiding identity theft

Keeping up with identity theft requires diligence on the point of financial institutions, but it also helps when the average taxpayer uses some common sense as well. As tax related identity theft continues to increase, keeping thieves away is

Posted To: Tax Rants by David Rocci By: David Rocci on 9/17/2012 2:38:57 PM

Potential tax issues to be aware of during retirement

A person's retirement years can be relaxing when they have planned accordingly and amassed enough wealth to keep them comfortable. However, one of the most overlooked aspects of retirement plannin

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/12/2012 2:40:02 PM

Tax rules for military personnel

Americans who serve in the military often face travel and moving costs due to frequent relocations, experience long stints overseas and incur job-related costs. Although members of the armed forces ar

Posted To: Tax Ranger's Blog By: Tax Ranger on 9/10/2012 2:49:37 PM

Does renting a room count as income?

We get it Money is tight, the economy is bleak, and you are looking to make ends meet and pay off some debt. So, you have considered renting a room out and want to know the tax consequences.  You’ve come

Posted To: Tax Rants by David Rocci By: David Rocci on 9/7/2012 10:52:48 PM

Don’t roll the dice on your tax prep when it comes to gambling

Football season is near and that bring out the rookie and pro alike when it comes to sports gambling.  Whether it is fantasy football or your Super Bowl pool, you need to know that the IRS has some rules when

Posted To: Tax Rants by David Rocci By: David Rocci on 8/29/2012 4:20:07 PM

How forgiven debt will affect your tax bill

Many individuals who fell on hard times may have struggled to pay their mortgage or spent hours negotiating their credit card debt with their lender. If these scenarios resulted in a foreclosure or ca

Posted To: Tax Ranger's Blog By: Tax Ranger on 8/24/2012 3:47:25 PM

Deducting mortgage points

Owning a home can be a great asset for Americans, and many view it as an investment into their futures. Having a stake in property not only enables consumers to build equity, but it may also qualify t

Posted To: Tax Ranger's Blog By: Tax Ranger on 8/23/2012 4:38:26 PM

Child care costs surpass rent prices in some states

Many working families who struggle to make ends meet find that housing and living costs are not the highest burdens they face. Instead, a new study shows that the rising costs of reliable child care i

Posted To: Tax Ranger's Blog By: Tax Ranger on 8/17/2012 4:19:05 PM