General

Foreign Firms Face New US Tax

On January 2, the United States President Barack Obama signed into law the James Zadroga 9/11 Health and Compensation Act, which is funded by a fee on the [...]

Do I have to File a Tax Return

You must file a federal income tax return if your income is above a certain level; which varies depending on your filing status, age and the type of income you [...]

IRS Kicks Off 2011 Tax Season with Deadline Extended to April 18; Taxpayers Impacted by Recent Tax Breaks Can File Starting in Mid- to Late February

The Internal Revenue Service today opened the 2011 tax filing season by announcing that taxpayers have until April 18 to file their tax returns. The IRS [...]

States make gains in taxes

Tax collections are surpassing projections, the clearest sign yet that state and local government finances are on the mend as the economy improves. Sharp [...]

Top 9 Tax Time Tips

It’s that time of the year again, the income tax filing season has begun and important tax documents should be arriving in the mail. Even though your [...]

15 Tax Deductions and Credits To Remember For 2010 Year End Tax Planning

As the year draws to a close it’s always a good idea to review your tax situation and in light of that, we have put together a collection of fifteen tax [...]

Taxpayers who itemize have to wait until February to File

Taxpayers who itemize on their federal tax returns will have to wait until at least mid-February to file, the IRS said Thursday. The delay is [...]

Tax Tips if an Individual Looking for a Job – Deducting Moving, Education and Job Search Expenses

With almost 10% of the United States workforce currently unemployed, the idea of owing money at tax time is downright scary. If you are actively looking for a [...]

U.S House backs Homebuyer Tax Credit Extension

The U.S. House of Representatives on Tuesday approved giving extra time to thousands of homebuyers trying to get a popular federal tax credit by the end of [...]

City budget crises force rethink of revenue sources; tax-exempt organizations are likely targets

While budgetary shortfalls amplified by the lingering recession and sharp decline in property tax collections drag on, tax-exempt organizations and state [...]