The latest edition of our free Forbes newsletter, Tax Breaks, is out!
This week, it’s National Small Business Week!
Plus: State and local tax refunds, credit card swipe fees, taxing legal awards, college endowments and the IRS, nonprofits, tax trivia and more.
While I can’t post the entire article newsletter (sorry), you can easily click over and read it for free—there’s no paywall.
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
Years ago, the partner at the law firm where I worked at the time approached me about working on a presentation for a major client. The client had significant business and personal holdings and was looking to do both income and estate tax planning. We prepared for this meeting for about two weeks and came…
With Election Day just around the corner, I’ve received a number of questions about the differences between the Obama/Biden and Romney/Ryan tax plans. It’s nearly impossible to compare the plans note by note for a couple of reasons: The plans aren’t etched in stone. Details on some parts of the plans are fuzzy and others…
With concerns about identity theft continuing to mount, some taxpayers are wondering: Whatever happened to paper forms? That’s right. There was a time – not so long ago – that taxpayers actually filled out paper forms and posted them using the U.S. Postal Service. Now, it seems, everything old is new again. But finding those…
N is for Notice of Deficiency. Few things can be scarier for taxpayers than receiving mail from the Internal Revenue Service. No matter how intimidating it might be, always open the mail. Always. Sometimes, those letters can be good news. More often than not, however, the IRS is sending you a notice because they want…
With the minutes ticking away until Tax Day, my inbox is rapidly filling up with questions about where to find free tax help. So first, an obligatory stern talking to in my mom voice: free is not always good and it’s not always better. Sometimes free is just free. That said, I understand that it…
The IRS announced last week that the Free File program for eligible taxpayers is now available. The program allows taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less for the tax year 2006 to e-file their federal tax returns for free (and here you thought that nothing was free). This means that 70%…