Month: October 2012

Fiscal cliff: Payroll tax cut may not survive

NEW YORK (CNNMoney) -- For all the uncertainty over how lawmakers will handle the expiring tax cuts under the fiscal cliff, there seems to be growing clarity [...]

Expats Lobby For Tax on Residence, Not Worldwide Income

U.S. citizens and permanent residents pay tax to the IRS on their worldwide income. Of late, that rule has gotten many into hot water.  American expats [...]

30 Million Taxpayers Face Alternative Minimum Tax Right Now

‘Millions will be hit’ sounds like a TV or movie teaser. The revered but dry Congressional Research Service is not known for such lines. Still, all the [...]

State Residence For Income Tax – Pay Attention To The Basics

In a state residence case, a couple of the basics are drivers license and voter registration. It reminds me a little of what one of my early mentors, Paul [...]

State Residence For Income Tax – Pay Attention To The Basics

In a state residence case, a couple of the basics are drivers license and voter registration. It reminds me a little of what one of my early mentors, Paul [...]

How Entrepreneurs Can Save On Taxes

Successful entrepreneurs find ways to save money and maximize their returns. Here are just some of the ways they do just that, according to a few [...]

Special per diem rates updated for 2012–2013

The IRS on Wednesday issued the annual update of special per diem rates for use in substantiating certain business expenses taxpayers incur when traveling away [...]

Taxes: Best and worst states

Wyoming Rank: #1 Income tax: None Corporate tax: None Sales tax: Low Wyoming once again ranks as the state with the best tax environment for businesses, [...]

10 sweet often-overlooked tax breaks

The goal of every taxpayer is to make sure the IRS gets as little as possible. For that to happen, you need to take every tax deduction, credit or other income [...]

Tax hikes ahead? Be prepared

A slew of tax breaks are expiring and some new taxes taking effect. See what’s in play. The only thing certain about the tax code these days is, well, the [...]