Am i due a tax rebate

Hurricane Irene Disaster Relief and Tax Extensions

From My Dollar Plan, 5 month ago, Read 0 times. Similar articles

If you were impacted by Hurricane Irene, you may be eligible for disaster area tax relief. The IRS is providing disaster relief to individuals and businesses in certain states and counties in the form of a tax extension to give people a little more time to put their finances in order after the devastation caused by Hurricane Irene. Flooding and strong winds caused catastrophic damage to homes and businesses along the East Coast, and this tax extension is a boon to those currently trying to... Read more

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Taxing Questions [Nigel Dunn]

From Qrops Pensions - Ecademy, 5 month ago, Read 0 times. Similar articles

At least one super rich individual has the guts to say it. Warren Buffett, one the the richest men in the world, has demanded of Congress that he pays more tax. He scoffed at the argument put forward by many conservatives and, for that matter, champagne socialists, that if you tax bankers, Hedge Fund billionaires, Private equity gurus and the like they will go elsewhere and therefore the economy would suffer. Buffett is right about such arrogant people - the world actually is a small place... Read more

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New Requirement to Report ALL Offshore Assets May Foreshadow U.S. ?Wealth Tax'

From Mark Nestmann, 6 month ago, Read 0 times. Similar articles

The Tea Party contingent of the Republican Party won’t like it. But, if President Obama and his minions have their way, U.S. taxpayers may soon be paying a new tax'one based on their net worth. Such “wealth taxes” are nothing new. Among other countries, France, India, the Netherlands, Norway, and even Switzerland levy a tax based on the net worth of individual residents. I last wrote about wealth taxes here. The mechanics of a wealth tax couldn’t be simpler. You prepare... Read more

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New statutory test for tax residence - ConDoc [Edwin Huang]

From Qrops Pensions - Ecademy, 7 month ago, Read 0 times. Similar articles

What this is about The issue of tax residence affects which income and capital gain is taxable in the UK, so is fundamental to working out tax liabilities . For those not familiar with UK tax law, it may seem surprising that there is no definitive test of when an individual is considered to be tax resident (or not). Instead, we have to rely on a multitude of case law, which is unsatisfactory as each case has specific facts. Headline - Statutory residence test The proposed new statutory... Read more

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James Cruikshank [James McBrearty, the twittering taxman]

From Qrops Pensions - Ecademy, 8 month ago, Read 0 times. Similar articles

I was very sad to hear that James Cruikshank passed away at the weekend. James trained me as a BNI Assistant Director back in 2009. Here's our graduation picture, James is second from the left: James R. McBrearty MD taxhelp.uk.com Ltd, Author of Chocks Away: Achieving freedom from the 9 to 5. Read more

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Owe the IRS Money' It May Affect Your Passport

From Mark Nestmann, 9 month ago, Read 0 times. Similar articles

I’ve long predicted there would come a time when the U.S. government began requiring individuals applying for or renewing their U.S. passports to prove tax compliance. That time came a step closer earlier this month with a report from the Government Accountability Office (GAO). The report concluded that in 2008, the State Department issued passports to 224,000 citizens who owed nearly $6 billion in unpaid federal taxes. Under current law, the State Department cannot refuse to issue or... Read more

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Owe the IRS Money' Pay Up or You Might Not Be Able to Renew Your Passport

From Mark Nestmann, 9 month ago, Read 0 times. Similar articles

I’ve long predicted there would come a time when the U.S. government began requiring individuals applying for or renewing their U.S. passports to prove tax compliance. That time came a step closer earlier this month with a report from the Government Accountability Office (GAO). The report concluded that in 2008, the State Department issued passports to 224,000 citizens who owed nearly $6 billion in unpaid federal taxes. Under current law, the State Department cannot refuse to issue or... Read more

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Capping Tax Expenditures

From Greg Mankiw's Blog , 10 month ago, Read 0 times. Similar articles

A proposal from Martin Feldstein, Daniel Feenberg, and Maya MacGuineas:This paper analyzes a new way of reducing the major individual tax expenditures: capping the total amount that tax expenditures as a whole can reduce each individual's tax burden. More specifically, we examine the effect of limiting the total value of the tax reduction resulting from tax expenditures to two percent of the individual's adjusted gross income. Each individual can benefit from the full range of tax expenditures... Read more

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How to File Your Taxes for Free

From Consumerism Commentary: A Person, 10 month ago, Read 0 times. Similar articles

The federal government can only operate with the help of the millions of individuals who earn income in this country and dutifully pay taxes. You would think that, in order to ensure a smooth revenue stream of considerable size, the IRS would make filing taxes as easy and painless as possible. That’s obviously not the case, considering the tax code is one of the most confusing human inventions on the planet today. The IRS does ensure that filing federal tax returns is completely free for... Read more

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I'm Tired of Vague Tax Plan Talk

From All Financial Matters, 10 month ago, Read 0 times. Similar articles

Read in today’s WSJ about Republican Ways and Means Chief, Dave Camp’s tax plan. Here’s the plan in a nutshell: • Cap rates at 25% for both businesses and individuals. • Eliminate or reduce deductions for both businesses and individuals. The article states that Camp’s aides would not get specific on what deductions would be reduced or eliminated. Question: How can we ever reform the tax code if we keep playing politics' Give us the facts. Let us discuss them... Read more

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