Mar 272017

Wash. D.C. The election of Donald Trump to the presidency has caused quite a stir. And so far, the new commander in chief has proposed quite a few changes. One centers on the federal estate tax, which up until now has been a roadblock for some wealthy investors hoping to create a financial legacy […]

Mar 262017

Wash. D.C. With the April 18th tax filing deadline almost a month away, the Internal Revenue Service has reminded taxpayers to ensure the security of their personal financial and tax information. In the sixth in a series of 10 IRS tips called the Tax Time Guide, designed to help taxpayers navigate common tax issues, […]

Mar 242017

U.S.A. The average American’s income tax refund in 2016 was $2860–that’s some serious “extra” money you don’t want to leave on the table. But, how do you plan on spending your tax refund ? To find out, GOBankingRates conducted a survey and asked Americans, “What do you plan on doing with your tax refund […]

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Mar 222017

Wash. D.C. THE EARNED INCOME TAX CREDIT This was designed specifically to assist low to moderate income families and is one of the great credits. This is truly one of the great credits. However, even  single taxpayers can benefit from the credit. Income and the number of children in your household determine the amount […]

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Mar 202017

Wash. D.C. The Republican plan being looked at in Congress has implications for Americans taxes. Much of the early response to the Republican plan is that lawmakers plan to repeal and replace Obamacare has understandably centered on the bill’s potential impact on participants in the federal health care industry program. But advocates of the […]

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Mar 162017

Wash. D.C. President Trump wants to abolish the “Alternative Minimum Tax” that, according to a copy of his federal income tax returns, cost him $31 million in 2005 and was one of the big Trump taxes. That $31 million was a majority of all the $38.5 million in taxes he paid on his $153 […]

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Mar 152017

New Jersey. The owners of a popular Jersey shore pizza restaurant chain were sentenced for evading taxes and lying to the IRS. Manco & Manco Pizza owner Charles Bangle was sentenced in federal court in Camden to 15 months in prison and three years of supervised release. His wife, Mary, was sentenced to three […]

Mar 132017

New York. Are millions of Americans just forgetting to file their taxes this year ?  More than halfway through the 2017 filing season, the U.S. Internal Revenue Service reported receiving 5.7 million late tax filings than at a comparable point last year. That’s an 8.5 percent drop showing definite evidence of late tax filings. […]

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Mar 132017

Arizona. Senator Flake (R-Ariz.) has become the latest Republican voice to speak out against the border adjustment tax in the House majority’s proposed tax reform framework. Flake took to the Senate floor on March 8th to express concerns with a proposal he said could push up consumer prices, disrupt international supply chains, and damage […]

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