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TEACHING YOUR CHILDREN ABOUT TAXES

There are certain types of instruction that many kids find fun and exciting. Riding a bike, learning the ABCs, tying their shoelaces and learning basic arithmetic are a few examples. However, as kids get older, many lessons become more important, such as smart money management, the importance of get…

POLE TAXES AND SIN TAXES: REVENUE GENERATORS OR TOO MUCH GOVERNMENT INTERVENTION?

With a struggling economy the typical sources of income for the government, start-up fees, new property taxes, application fees, and similar fees and taxes are very limited.  The government is forced to consider new income sources and thus has led to the introduction of a "sin tax." It sta…

LAST-MINUTE CONSIDERATIONS FOR FILING TAXES

The April 17 tax filing deadline is quickly approaching, and Americans who haven't yet filed their taxes may be scrambling to do so. Others who have already completed their returns, but owe a bill to Uncle Sam may be going through their resources to determine how to cover their balance. The good…

MEASURES TO LOWER YOUR PROPERTY TAXES

As the year comes to a close, the housing market remains a top priority for lawmakers and homeowners next year. In addition to high rates of foreclosure short sales, many families are still carrying negative equity or finding it difficult to refinance. However, home values have strengthened modestly…

FILE YOUR TAXES SAFELY THIS YEAR

Filing taxes requires individuals to collect a great deal of documents and information that displays their personal and financial details. W-2s, bank records, investment statements, student loan paperwork and invoices generally include a taxpayer's full name, Social Security number, bank account…

THE PREMIUM TAX CREDIT AND YOUR TAXES

Did you receive a premium tax credit to help pay for health insurance in 2014? If you said “yes,” then you’ll need to file a 2014 tax return. Even if you’ve never had to file a tax return before, you will need to file one this tax season. So, here’s what you need to do. Anyone who received a tax…

THE GULF OIL SPILL AND YOUR TAXES

 

 

 

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:

 

·         Postponement of collection and examin…

REMEMBER TO WITHHOLD TAXES ON YOUR UNEMPLOYMENT COMPENSATION

Guest Blogging today from Neal Braver of Brockton, MA: Believe it or not, unemployment compensation is taxable income. Too few people seem to know this (or want to know this). And this oversight often leaves tax payers owing $1,000 or more in taxes, even when you consider the tax savings from the 2…

HOW SEPARATION OR DIVORCE AFFECTS YOUR TAXES

Now that you’re separated or divorced, you likely have questions about your taxes. Who will claim the kids when tax season comes around? How will this affect my retirement? These are good questions to ponder. If you are separated from your spouse, you should know that the IRS takes many things …

AIRLINE TICKETS AND TAXES: ANSWERS TO YOUR QUESTIONS

In July, the Federal Aviation Authority failed to extend the operating authority resulting in a temporary end to taxes being collected on airline tickets. On August 5th, Congress extended the FAA authorization and this resulted in some questions with regards to passengers who traveled on and after …