Taxpayer asks:This is my situation. In 2007, I sold a bunch of stock my grandpa gave me, and had a gain of roughly $8,000. I
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Obama V. McCain: Who Has The Best Tax Package For You?
After months of speculation, the field is finally set. The US presidential race is down to Republican candidate John McCain and Democratic candidate Barrack Obama.
Read MoreQualifications For Senator: 30 Yrs Old, US Citizen For 9 Yrs, State Residency (Understanding of Tax Code Not Required)
Colorado senator Ken Salazar, who bested Coors beer Pete Coors for his Senate seat in 2004, has been mocked for his ignorance of the US
Read More“Bar” None: Maryland Woman Helps Prisoners Commit Tax Crimes
Melanie Taylor should feel comfortable behind bars: her participation in a tax fraud scheme with prisoners will likely land her in prison. Taylor has pleaded
Read MoreIRS Admits Thousands Of More Errors In Rebate Check Processing
And just when we thought the IRS had a handle on things… After admitting that 350,000 taxpayers were underpaid on their tax rebates because of
Read MoreIRS Admits “Human Error” In Processing Tax Rebates: Child Credit Omitted
So, it turns out that I was wrong. But the IRS was more wrong. Way wrong. It turns out that up to 350,000 households did
Read MoreNo Surprise Here: IRS Data Says More Taxpayers Filed In 2008
The IRS has reported that as of May 3, 2008, more tax returns had been processed than at the same time last year. How many
Read MoreWill Failure To Advise Taxpayers About Rebates End In A Lawsuit?
I’ve received a number of emails from angry taxpayers who allege that third party preparers like H&R Block and tax software developers like Turbo Tax
Read MoreScams, Schemes & Tomfoolery: Be Careful With Your Tax Rebate!
I’ve posted before that there are NO plans in Congress to distribute monthly stimulus payments or rebates or bonuses to taxpayers. Nonetheless, I continue to
Read MoreOverwhelming Majority Of Americans Cynical About Tax Rebates
An overwhelming majority of Americans believe that the so-called economic stimulus plan – largely consisting of tax rebates – will not boost the economy. According
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