All About 529 Education Plans

The 529 Education Plans are quite lucrative. They are friendly, flexible, and available to everyone who wants to save on a bit of college costs. The unfortunate part is that not many are aware of its full potential, and the 529 Education Plan is being used only by 30% of the taxpayers even after 20 years of its existence.  Investments in 529s can [...]

Read more

Using IRAs to buy real estate

MarketWatch via NewsEdge : First of three parts SAN FRANCISCO (MarketWatch) -- One of today's soundest investments is never touted in financial-services ads. The reason: Wall [...]

IRS seeks state volunteers for taxpayer panel

Mar. 24--NASHVILLE -- The Internal Revenue Service is looking for a few volunteers from the Volunteer State to serve on panel that will make recommendations for improving IRS [...]

IRS, Partners Mark Super Saturday March 21 to Help Taxpayers

IR-2009-25, March 16, 2009 Audio Files for Podcasts: English SpanishWASHINGTON — The Internal Revenue Service and scores of its community partners will open their doors [...]

How to Avoid an IRS Audit?

Taxes are high enough; you don’t want to also pay penalties and interest because an audit reveals you’ve broken the rules. And Internal Revenue Service audits aren’t a [...]

Unreimbursed Job Related Expenses (JRE) – Deductibility on tax return

A Tax payer can avail job related expenses as an itemized deduction in the tax return. All the expenses incurred should be towards business and must not be reimbursed by the [...]

BBB Warning- Grant Companies Exploit Confusion over Stimulus Bill to Rip Off Consumers

Grant Companies Exploit Confusion over Stimulus Bill to Rip Off Consumers, Warns BBB Better Business Bureau is warning the public to be extremely wary of companies that [...]

U.S. Corporations Are Major Contributors to U.S. Tax Revenues

U.S. Corporations Are Major Contributors to U.S. Tax Revenues Business Wire via NewsEdge : Business Editors WASHINGTON--(BUSINESS WIRE)--February 25, 2009--A survey [...]

Forecasters: Economy worse in '09, better in '10

Forecasters: Economy worse in '09, better in '10 WASHINGTON_Brace yourself: The recession is projected to worsen this year. The country stands to lose a sizable chunk of [...]

W-4 Submissions, Employer responsibilities for Invalid or Incorrect ones?

When adding new employees to your company, one of the many initial duties required are the submissions of W-4 forms for income tax withholding. In addition, current employees [...]

Deadline for 1099s changed to February 17

Many investors will receive their year-end tax statements later than in past years, but these forms are likely to be more accurate, according to the Internal Revenue Service. [...]