Ramblin Randall

If you claimed the First Time Homebuyer credit for a home purchased in 2008 and the home remained your main home during 2010, you are required to begin repaying the credit in equal payments over 15 ye...
Posted To: Ramblin Randall By: Ramblin Randall on Thursday, March 10, 2011
Beginning in 2010, all taxpayers are eligible to roll over or convert amounts from a traditional IRA into a Roth IRA regardless of their level of income. However, that doesn’t necessarily mean t...
Posted To: Ramblin Randall By: Ramblin Randall on Friday, February 18, 2011
With 2010 coming to a close, there a number of year-end tax tips that taxpayers can utilize for their tax planning benefit. Generally, these fall under one of two areas: accelerating or deferring inco...
Posted To: Ramblin Randall By: Ramblin Randall on Monday, December 06, 2010
Benjamin Franklin said in 1789 that “but in this world nothing can be said to be certain, except death and taxes”. One can say Franklin’s wisdom holds true to this day. Both death an...
Posted To: Ramblin Randall By: Ramblin Randall on Wednesday, November 03, 2010
Are you a taxpayer with a high economic income? Then you might have been the victim of a surprise attack from the spectre of taxes known as AMT or the "Alternative Minimum Tax". Many a taxpayer has an...
Posted To: Ramblin Randall By: Ramblin Randall on Friday, October 08, 2010
Did you forget to include income on your tax return or perhaps missed some deductions? If so, you can correct your return by sending an amended return to the IRS. When you amend a return, you're sendi...
Posted To: Ramblin Randall By: Ramblin Randall on Wednesday, September 01, 2010
      For taxpayers – both individuals and businesses impacted by the Gulf Oil Spill, there are many areas of special tax assistance that may be available, including: &n...
Posted To: Ramblin Randall By: Ramblin Randall on Monday, August 09, 2010
Many of us would like to receive more take home pay on our paycheck. And for many people this is possible. If you started a new job, got married or had a child you may want to adjust your withholdin...
Posted To: Ramblin Randall By: Ramblin Randall on Monday, July 19, 2010
If you need more time to prepare and file your federal individual income tax return, you may be able to get a 6-month extension to file.   April 15 of each tax year is the due date for filing a...
Posted To: Ramblin Randall By: Ramblin Randall on Monday, April 05, 2010
A pathway to retirement and tax savings for many taxpayers is an Individual Retirement Account (IRA). Everyone under 70 ½ by the end of the tax year who has taxable compensation can contribut...
Posted To: Ramblin Randall By: Ramblin Randall on Wednesday, March 10, 2010