IRS Announces Relief For Taxpayers Affected By Hurricane Michael
The Internal Revenue Service (IRS) has announced tax relief for victims of Hurricane Michael.
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Tax Relief & Helping Out As Hurricane Sandy Recovery Efforts Continue
I know that cleanup efforts are still ongoing in the aftermath of Hurricane Sandy… 21,000 people in the Philadelphia area alone are still without power and nearly 2 million are still in the dark in the State of New Jersey. Worrying about taxes in the middle of all of that shouldn’t be part of the…
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Tax Trivia Giveaway #9: Lady Godiva & Tax Relief
Our next tax trivia question is: According to legend, in the 11th century, Lady Godiva took pity upon the people of Coventry who were being oppressed by heavy taxation imposed by her husband. In one of the more interesting takes on tax reform, her husband agreed to tax relief if Lady Godiva would ride through…
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IRS Announces Additional Tax Relief For Storm Victims
We survived Irene. Five days without power and water felt like an eternity but we were very lucky to otherwise not sustain any real damage. My kids were safe albeit a little cranky. I realize that not everyone was so lucky and my thoughts and prayers are with all of you who suffered injury or…
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IRS Announces Tax Relief For Joplin, Other Areas Affected By Storms
The images and stories to come out of Joplin, Missouri over the past week have been heartbreaking. The death toll is now estimated to be 132 with an additional 156 people unaccounted for as yet. With all of the sadness, loss and disruptions facing the folks in Joplin, the last thing they need to be…
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Tax Relief Sought For BP Spill Victims
More than 3.3 million barrels of oil have now spilled into the Gulf as a result of the BP spill. To put that into perspective, the entire Exxon Valdez spill dumped a mere 257,000 barrels into the sea. There is no doubt that the fall-out from this spill, both environmentally and fiscally, will be significant….
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Vote On Stimulus Bill Expected On Monday
Senate Majority Leader Harry Reid (D-NV) has indicated that the newly “trimmed” stimulus package will go to a vote in the Senate on Monday. The bill now costs approximately $827 billion. You would have thought that the Senate had found the cure for cancer, as they congratulated each other for finally agreeing on something. They…
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The Mother Of All Tax Bills
Rep. Charles Rangel (D-NY) has unveiled what he calls “the mother of all tax bills.” The result would be a sizable “re-shifting” of the current tax burden which has been heavily criticized even among the wealthy as “tilted to the rich.” According to an analysis by the Tax Policy Center, the shift would mean that…