Is IRS To Blame For Sluggish Sales At Wal-Mart?
Wal-Mart had the worst sales start in seven years. So what gives? Are consumers unhappy with Wal-Mart or is it something more?
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Health Care Insurance, Taxes & Form W-2
Notice anything different about your Form W-2? Take a look at Box 12. See anything that wasn’t there last year? The value of health care coverage provided by your employer is now reported in Box 12 with Code DD to identify the amount. The amount reported in the box should include both the portion paid…
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U.S. Postal Service To Eliminate Saturday Delivery: Will It Save Tax Dollars?
The U.S. Postal Service is expected to announce today that it will officially stop delivering mail on Saturdays as of August 1, 2013.
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White House Says No Tax Dollars To Build Death Star
Whew. We just dodged an $852 quadrillion bullet. The White House has posted a response (yes, it’s real) on its web site to a petition asking that the federal government “[s]ecure resources and funding, and begin construction of a Death Star by 2016.” The petition, which garnered nearly 35,000 signatures, was posted on the White…
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Leadership Shakeup At Treasury Could Signal Change In Fiscal Strategy
The Treasury Department may be getting a new look … or two… or three. Just weeks after (now) former Internal Revenue Service (IRS) Commissioner Doug Shulman announced his plans to step down, Secretary of the Treasury Timothy Geithner will also be departing. Since the IRS is a bureau under the Treasury, the Commissioner generally reports…
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IRS Announces Delayed Tax Filing Season
Good things come to those who wait, right? It turns out that tax season won’t begin on January 22, 2013, after all – not that we expected as much. The Internal Revenue Service has announced that it has revised its opening date for tax season, pushing it out just eight days to January 30, 2013….
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IRS Makes No Promises About Start Of Tax Season
So about that new tax deal… The Internal Revenue Service (IRS) doesn’t have much to say, so far, it seems. On their website, they have this headline, IRS Statement on Jan. 1 Tax Legislation Passed by Congress, which sounds promising, right? Until, of course, you read the statement which says this: The IRS is currently…
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10 Things To Know About The Fiscal Cliff Deal
Here is what you need to know as the dust settles on the Congressional tax bill.
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House Passes Senate Budget Bill: We Have A Deal!
Well, color me surprised. The House voted on the budget after all, and they voted up or down, rather than amending the Senate bill. The House voted “Yea” and they did so quite convincingly (257 YEA to 167 NAY). Here’s what the bill does: Income tax The tax cuts were extended – permanently – for…
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House Considers Vote On Budget Tonight (Psst: Don't Get Your Hopes Up)
Lots going on in D.C. today so let me catch you up to speed. The Democratic Senate reached a compromise on the budget deal in the wee hours of the morning. The deal extended tax cuts for all except those at the very top – but didn’t touch spending. That, the Senate claims, they’ll tackle…