Month: February 2013

Happy 100th Birthday to the Income Tax

A hundred years ago (on February 3, 1913), the 16th Amendment to the U.S. Constitution became law. This permitted the federal government to legally levy an [...]

Save Money with the Child Tax Credit

If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here are some facts the IRS wants you to know about the [...]

States Lost $40 Billion in Tax Revenue from Offshore Profit Shifting

State budgets across the country collectively lost an estimated $40 billion in tax revenue due to corporations and individuals shifting their profits and [...]

Eight Tax Benefits for Parents

Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you [...]

Three Simple Rules To Stay Off IRS Radar

If you don’t want to wind up in a tax dispute do everything you can to avoid an audit. No matter how secure you feel in your tax positions, you [...]

Snagging tax-saving transportation benefits

Our friends in Congress have granted some nice tax breaks for transportation-related employee fringe benefits. Several of these breaks are intended to [...]