Month: August 2012

Filing Taxes? Beware Sharp Increase In Audit Rates

Ah, tax day with its inevitable fretting over returns, extensions and payments is almost upon us! It's hard not to think about your chance of audit when [...]

Some Presidential Words On Federal Income Taxes

Julian Block is back, this time with a collection of thoughts by Presidents and Presidential candidates on taxation. Some Presidential Words On Federal [...]

Make These Tax Moves Before the End of the Year

Late summer can be the best time for last-minute tax planning because you still have several months to meet end-of-the-year deadlines that can minimize your [...]

Partnership or S Corp?

One concern is taxes; another is protecting assets. What's the best way to set up your business? Dear Norm, I am opening an art gallery and pottery [...]

Last Chance to Pay 0% Tax Rate on Gains

Thanks to the so-called Bush tax cuts, lots of folks qualify for a 0% federal income tax rate on long-term capital gains and dividends. You read that right: [...]

Tax Shelters for All

s your portfolio ready for higher taxes? The Bush-era tax cuts might well be extended again this year, at least for most taxpayers. But the long-term picture [...]

U.S. IRS wields summons to pry info out of wealthy, companies

Taxpayers push back, increasing summons litigation Collections agency trying to speed investigations WASHINGTON, Aug 17 (Reuters) - The U.S. Internal Revenue [...]

Your Filing Status

You have one and only one filing status. Your filing status is determined in large part by whether you were considered married at the end of the year. What [...]

Head of Household Filing Status

Claiming Head of Household status can help lower your taxes You can claim the Head of Household (HOH) filing status on your tax return if you are unmarried, [...]

Married Filing Separately

Married taxpayers filing separate tax returns Married taxpayers can choose between filing a joint tax return or a separate tax return. The Married Filing [...]