September 1, 2011 – 11:49 pm
Innocent Spouse Relief has always been available as a way for taxpayers who file joint tax returns and who were not aware, nor had any kind of reason to be aware, that her or his spouse had underpaid or understated their liability for income taxes. It was designed to offer the innocent taxpayer some protection from the faults of their partners and spouses and details of how it works were to be found in Publication 971 which was entitled Innocent Spouse Relief.
The regulations detailed in Publication 971 state that innocent spouse requests that are seeking relief from liability need … Read more at 2009 Taxes
By Steve
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Also posted in Tax Law, Tax Relief, TurboTax
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Tagged Accounting, adjusts, Business, Douglas Shulman, Equitable remedy, innocent, Innocent (actor), Internal Revenue Service, irs, joint tax returns, Marriage, requests, rules, spouse, tax, Taxation, TurboTax, United States
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August 30, 2011 – 3:32 pm
More and more consumers are choosing to make purchases online today. Retailers lure them on line with web sites or even mobile apps for smart phones that compare prices and features on items from diverse sources. One selling point is that such transactions are usually free of state sales tax. In Massachusetts, though, that may not be the case for long.
Even as members of most committees of the legislature leave town for the summer break, the Committee on Revenue quietly sent legislation that would let Massachusetts start collecting sales tax on transactions that take place on the Internet. Supporters … Read more at 2009 Taxes
August 20, 2011 – 9:03 am
The recent economic recession has compelled a lot of people to seriously think about their financial condition, including their lives after retirement. With the uncertainties in the economy today, it is but logical to make sure you are putting all your resources to good use. Thanks to convenient retirement plans such as Roth IRA, you can now get some sleep.
Roth IRA is relatively a young retirement plan, debuting on 1997. It was patterned after the traditional IRA except that it provided more benefits to workers. Employees approaching the retirement age are greatly considering making IRA investments because it has … Read more at 2009 Taxes
By Steve
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Also posted in Retirement Savings, tax deductions, Tax Law, Tax Preparation, TurboTax
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Tagged Florida, Individual Retirement Account, investmentsplanning, IRA, life, Pension, retirement, roth ira, Traditional IRA, TurboTax, United States
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Do you currently run your own business? Do you find that taking care of the finances and taxes more bothersome than you care to admit? If you’re looking for ways to save on your taxes, why don’t you hire a professional tax consultant? Even if you know the tax laws yourself, since the laws are always being updated, there is a huge chance you could miss something. That’s why it is best if you find a professional that lives and breathes the tax code. If you manage to locate a good one, they can save you countless amounts … Read more at 2009 Taxes
By Steve
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Also posted in tax assistance, tax deductions, Tax Law, Tax Preparation
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Tagged Accounting, Internal Revenue Service, Law, Legal Information, retirement, Save (baseball), tax, Tax advisor, Taxation, TurboTax, United States
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Do you want to invest your money in an IRA but don’t want to get hit up with the high fees that they often carry? This seems to be the problem with most people who are investing their money for retirement. In fact some people have no clue as to how much they are paying in fees or what a good fee is. So in this article I’m going to show just exactly what you need to do see how much your paying on your retirement and were to find the cheaper rates at.
First you’ll want to see … Read more at 2009 Taxes
By Steve
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Also posted in Retirement Savings, tax returns
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Tagged an, carries, Company, fee, fees, get, Individual Retirement Account, Investment, IRA, money for retirement, Mutual fund, no, retirement, roth ira, tax, that, to, where
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