Prepare to keep waiting. A flurry of dismal news including a somber May jobs report and a less than encouraging report from Federal Reserve Chairman Ben Bernanke sent stocks and spirits lower midweek. Traditionally, that combination of factors leads to talk of a federal stimulus to give the economy a bit of a shot in…
Earlier today, the Government Accountability Office (GAO) released its prepared written testimony before the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate. The five page report (longer if you include title pages and contact information) details the GAO’s findings about the American Recovery and Reinvestment Act of 2009 contract and…
Taxpayer asks: I heard that I can get more money back from my taxes this year because I am disabled. Is this true? I am on fixed income and it would help me. Taxgirl says: I think what you’re referring to is the one time payment for retirees and disabled persons as part of Obama’s…
Taxpayer asks: Im going to settlement on a property on May 1st, 2009. I havent filed my taxes yet because I wasnt sure if I should… Should I file for an extension until after settlement to make sure I get the $7500-$8000 all together… or should I file now?? I dont know if they have…
President Obama has issued a target date for the adjusted withholding to begin as part of the stimulus package: April 1. Obama mentioned the date in his weekly radio address, saying: I’m pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that…
It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. – Franklin D. Roosevelt Clearly, something isn’t working in America. With mounting job losses, creeping retail sales, record foreclosures, it was clear that something had to change. What wasn’t abundantly…
