Many business taxpayers fail to pay over payroll taxes to the Internal Revenue Service ("IRS"). By doing so they expose themselves to personal liability pursuant to Internal Revenue Code Section 6672 known as the Trust Fund Recovery Penalty (TFRP). Generally, corporate officers, shareholders and others who have the responsibility for withholding and paying over payroll taxes can be held personally
A bill by State Rep. Lois Kolkhorst (R-Brenham) would require the State Comptroller to conduct a study related to replacing all state and school district property tax revenue with revenue from a transaction tax.
This bill, HB 508, is a dangerous bill because anti-tax Republicans could eventually use the study as ammunition to do away with property taxes in favor of more regressive taxes.
Accord
How you Use or Spend Your Savings Determines how much Retirement Tax You Pay
When it comes time to tap your savings and investment accounts, investors often ignore which source should come first for retirement distributions. In general, many experts often advise investors to draw from their taxable accounts first, then tap qualified accounts such as IRAs and 401(k)s [...]
Heres an interesting deal from Hertz rental cars. They are offering a FREE weekend one day car rental and all you have to do is pay the taxes. Theres no minimum days and its unlimited miles. The offer isn't available in all locations and there are terms and conditions. Weekend is pickup Noon Thursday through Noon Sunday. I checked it out for a Hertz location near me and it seemed to work
The following editorial appeared in the Appeal-Democrat on December 31, 2008:
Our hope is that people don’t get what they seem to want from state government. This requires some explanation.
This nation’s founders realized people are inclined to benefit themselves at others’ expense, so they established checks and balances to reign in unrestrained appetites. People haven’t
Every year, millions of Americans file their 1040s and end up having to pay taxes; even after all possible deductions have been taken. Many are able to itemize, while others are eligible for dependent care credits, or above-the-line deductions for their retirement plan contributions. But those who have enjoyed short-term market gains or other investment [...]
I hope that you are all enjoying the wonderful holidays. I have been to the point that I'm sitting here trying to blog, but barely able to keep my eyes open because I have eaten entirely too much. You are probably wondering why I mention this, and I do have a good reason for bringing it up.
I'm too tired to blog about the benefits and advantages of using the Deferred Sales Trust
- Scott Miller
In a country where government, at all levels, spends over $5 trillion of our tax dollars - almost 1/3 of our total annual GDP - one would think that we would be looking for way to lower spending and a reduce the tax burden on all Americans… unfortunately, not where Liberals pull the strings [...]
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Reverend Billy on Fox Business Happy Hour
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Video Killed the Radio Star by The Wrong Trousers
Monkey’s on Ice
How to figure out your new Michigan property taxes
I recently got an email about Michigan property taxes.
I came across your site searching for how to fight Michigan property taxes and Property tax assessment. How do Michigan foreclosure sales affect Michigan property taxes? If one was to buy a Metro Detroit foreclosure that sold for $200,000 3 yrs a
Sell a Company; Pay Capital Gain Taxes
Business owners or investors face the daunting problem of dealing with capital gain taxes when they dispose of business interests or company assets, including the sale of real estate. Their company has probaby grown with all of their hard work over the years and is now worth substantially more than what they have invested into the business.
The government Monday cut fuel prices and increased fuel import tariffs, for the third time in less than a month, in reaction to the continued fall of world oil prices.
The most popular 92-octane gasoline will now retail for VND12,000 (73 US cents) a liter, a decrease of VND1,000 or 7.7 percent, according to a press release from the Ministry of Finance.
The price of diesel will fall to
I’m a baby boomer. Because of my aging parents, I’ve gotten involved in senior issues over the last few years. I have one parent remaining, my step-Dad, who after 41 years in my life, I think of us as my Dad. He’s not doing well right now, but is in a safe, loving environment.
I know [...]
Why do we pay tax to our government, when it possesses the power to issue as much money as needed? Asking this question automatically raises more questions like ; what should the actual role of government be? Certainly you will get a different answer every time you ask this question, but there are issues that reasonably can be agreed upon. The finest role of government should be to protect the ind
Yes, you can have your Real Estate Property Taxes reduced!
Hopefully, these cute little dogs got your attention. This is important so read on.
Property taxes are something that you have control over. I wrote about this last year September 2007, Property Taxes-Something for Homeowners to Consider and again in May of this year, Cut Your Property Taxes, April
Should Florida raise taxes to cover education budget deficits? Yes, we need to support schools at whatever the cost. No, make them cut and live within their means.
Millions of American a year face back taxes. This article describes the 4 steps that a taxpayer must follow in order to become into “compliance” with the IRS. In other words, these are the guidelines in order for a person to pay back taxes, because taxes cannot be resolved unless they are first filed.
[...]
The Costa Rica airport tax is mandatory and everybody must pay the tax when departing the country. It can be pay in dollars or colones and the amount is $26 per person (on cash).
As an American citizen working abroad, you need to understand that the US government requires you to pay taxes. If you do not know how, you'll see that it is a rather easy process. (...)
You can do anything you want to do as soon as you're retired. However, it also means you will be living on a fixed income, so cutting corners where possible is a necessity. (...)
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Melissa Etheridge is angry.
In an article posted on The Daily Beast, Etheridge railed against the passing of Proposition 8 in California. Proposition 8 is, as you may know, a law which defines marriage in California as between a man and a woman. The law supersedes gay marriages in parts [...]
Melissa Etheridge’s response to Prop 8 passing - Melisa won’t be paying the state a dime in taxes. Melissa Etheridge’s no taxes anti prop 8 message includes the following:
Okay. So Prop 8 passed. Alright, I get it. 51% of you think that I am a second class citizen. Alright then. So my wife, uh I [...]
The Government Accounting Office (GAO) was asked to review and report on the Internal Revenue Service's (IRS) processes and procedures to prevent and collect unpaid payroll taxes. Specifically, GAO was asked to determine (1) the magnitude of unpaid federal payroll tax debt, (2) the factors affecting IRS’s ability to enforce compliance or pursue collections, and (3) whether some businesses with u
Taxpayer asks:
Taxgirl,
First …thank you for your time and effort. I am retired with an income just under 250K. ( 245K to 247K ) My income is a combination of pension ( teacher’s and law enforcement ) , soc security, income property- apartment. This year I also worked part time and [...]
Taxpayer asks:
Taxgirl,
First …thank you for your time and effort. I am retired with an income just under 250K. ( 245K to 247K ) My income is a combination of pension ( teacher’s and law enforcement ) , soc security, income property- apartment. This year I also worked part time and [...]
It’s election day. Vote.And in the spirit of exercising your rights... appeal your property taxes if you believe they are too high. You have less than two months to appeal them with December 31st being your deadline.Personally, I think most homeowners will have a difficult time winning appeals the way Oregon’s method for determining real estate taxes is constructed. In October, I shared the
When many of us start our budgets it's the first time that we seriously look where the money is going. Sometimes that view is a little scary because you realize that you've spent tons of money on stuff you don't need, don't use, or don't even have any more.I know that when Ryan and I really started tracking our spending each month there were some times we were shocked by where the money went. W
J. PINDER - NO NEW TAXES [CLICK & DOWNLOAD]TRACKLIST1. No New Taxes Prod. GMK2. No Hooks Prod. Vitamin D3. Crowded Love Prod. Vitamin D4. Growing Pains Prod. Vitamin D5. What He Say Prod. Vitamin D6. It's On feat. JFK Prod. Vitmain D7. Fuel 2 Fire feat. Brainstorm Prod. Kuddie Mac8. Cause You Left Me Prod. BeanOne9. S On My Chest feat. Brainstorm,GMK&Thig Natural Prod. Kuddie Mac10. That L
Easy Explanation for those who don't understand taxes
Let's put tax cuts in terms everyone can understand.Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.If t...
Tomorrow is Election Day here in the
US, the day we find out who will be heading up the Free World, who's
ideas have resonated with the people, the kind of system we will be
living under. It will be a real watershed moment in American history
and everyone should stay up and watch the results to the bitter
end—and one way or another, the end will be very bitter—because
it is
Education credits and deductions can help lower your tax bill for 2008 The Hope Credit and the Lifetime Learning Credit may be used to help with the bite of the cost of higher education. It is available for expenses paid...
A great blog entry this morning comes from John Locke "On Taxes and Barstool Economics." In the article, he reports a story that describes economics in terms of 10 men sitting at a bar drinking, and the breakdowns in the theory. I find it interesting that when we think about taxes and responsibility, we think about it in different terms than when we think of individual people and responsibility
Want to sum up the United States' fiscal situation in a word? Warren Buffett did, or did so in 16 words to be exact, in a chat with The New York Times: "I'm paying the lowest tax rate that I've ever paid in my life," Buffet said. "Now, that's crazy." Further, Buffett, the world's richest person as ranked by Forbes Magazine with wealth totaling $62 billion, also said the U.S. Government should incr
Perhaps you've been one of those folks to receive your hotel bill and you clutch your chest in dismay. "My word! How can this be?" you exclaim. You didn't touch your mini-bar. You didn't use the phone. You didn't slip so much as a washcloth into your luggage. Still, your bill is well over what you expected. What you thought was a bargain vacation has turned into more than you counted on. How come?
This is worth reading. If you don’t get it immediately, please try to - it’s important and it DOES make sense.
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like [...]
It's a frequent debate between smokers and non-smokers."Why should I pay for smokers out of my taxes?" complain the non-smokers. To which the smoker will point out the incredible tax they pay every time they light up.But with half of all smokers dying of a smoking related disease, is the tax on tobacco really enough to pay for the strain on the NHS?In fact smokers need not feel guilty. Despite hug
Ouch, just when you thought it was safe to elect Obama (speaking to committed Democrats and those independents who consistently vote Democrat and of course, all those voters registered by Acorn, including Mickey Mouse), president – Barney Frank opens his mouth and suggests you rethink your choice.In a meeting with the Standard-Times editorial board (not an uncommon practice in Massachusetts: Ted
Selling Assets? But, don't Want to 1031 Exchange into Replacement Property?
The Deferred Sales TrustTM or DST just might be the solution you are looking for. The 1031 exchange requires that you sell an asset and acquire a like-kind replacement asset, but what about those investors that are selling an asset and do not want to acquire a replacement asset?
Seller Carry Back Financing (Ins
Americans can't carp about funding programs they don't like with money that doesn't exist. They have to pay the freight, sacrifice something, or shut the hell up about it.
If you don’t want to waste your dollars, its critical that you understand estate tax planning basics and how to avoid estate tax.
The Annual Report on the United States Government reports that Americans paid $26 Billion in estate taxes in 2006. Every dime of those taxes could have been avoided. How do you think the [...]
The United States presidential race is entering the final stages and while most of us have probably decided who we will vote for, those of us who are still undecided might be interested in what the candidates are promising in terms of income tax changes (source: November edition of Money magazine).
Take a look:
Household Earnings
Obama’s Plan
McCain’s [...]
Obama’s tax increase will come at a worse time for America says Mcaine.
Barack Obama on Monday promised to state hard-hit foreclosures that he would hold them in their attacks while updating a famous Ronald Reagan line of criticized Republican handling of the nation’s deepening economic distress and depression is happening in America today.
Barack Obama [...]
The decision on raising the taxes on imported animal and poultry meat was officially signed by the Ministry of Finance with the aim of saving the domestic animal husbandry industry. However, the prices of imported meat have still not changed.
Big supermarts in Hanoi all say that the prices of imported animal and poultry meat have not seen any changes as the supermarts are still selling products
Matthew 22: 15-21The Question About Paying TaxesThen the Pharises went and plotted to entrap him in what he said. So they sent their disciples to him, along with the Herodians, saying "Teacher, we know that you are sincere, and teach the way God in accordance with truth, and show deferrence to no one; for you do not regard people with patially. Tell us then, what you think. Is it lawful to pay ta
It turns out that “Joe the Plumber” has more tax issues than were spotlighted during the final presidential debate. He doesn’t just not like taxes, he apparently doesn’t like to pay them. He owes the State of Ohio nearly $1200 in back taxes; Ohio has filed a lien against him to recover amounts [...]
It turns out that “Joe the Plumber” has more tax issues than were spotlighted during the final presidential debate. He doesn’t just not like taxes, he apparently doesn’t like to pay them. He owes the State of Ohio nearly $1200 in back taxes; Ohio has filed a lien against him to recover amounts [...]
Here are the numbers. For the record, the election of Barack Obama would allow me to keep $774 in my pocket. What's your number? Obama McCain If you make... you'dsave... you'dsave... less than $19,000 $567 $21 $19,000-$37,600 $892 $118 $37,600-$66,400 $1118 $325 $66,400-$111,600 $1264 $994 $111,600-$161,000 $2135 $2584 $161,000-$227,000 $2796 $4437 If you're in th
As part of my series, I’m curious: have you ever moved your home or business to another state because of state or local tax burdens? If you vote yes, I’d love to know which state you left - leave it in the comments!
DisplayVote52944();
As part of my series, I’m curious: have you ever moved your home or business to another state because of state or local tax burdens? If you vote yes, I’d love to know which state you left - leave it in the comments!
DisplayVote52944();
Tell me lies, tell me sweet little lies...Obama is singing some very pretty tunes, he sure makes his tax plan sound delicious. Certainly the prospect of punishing the rich and rewarding everyone else taps into the heart of every socialist soul out there. Sure, he is going to grow government faster than anyone since FDR, but who cares? At least those pesky wealthy bastards get what they deserve!
Transocean Inc. (NYSE:RIG), one of the world's largest offshore drilling companies, is proposing to move its incorporation location from the Cayman Islands to...
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My only debt is to the Goverment, I owe a few years of income taxes, I took some bad advice and my employer paid me through a incorporated business name I had for a business I was not operating but had not dissolved. I dont have any saving to pay? wILL DECLARING bancruptcy affect me [...]
After having done taxes for so many years, many people believe that they know a great deal about filing taxes and the applicable rules and guidelines pertaining to their specific situation. (...)
TurboTax gives you ten tax saving tips for the new year. Find strategies to lower taxes, save money when preparing your tax return, and avoid tax penalties. TurboTax - Choose Easy. If you think your tax bill is chiseled in...
Ryanair sales just keep getting better, and you can't get better than free seats!Booking Period: Tue 07th Oct 08 - Thu 09th Oct 08Travel Period: Thu 23rd Oct 08 - Tue 16th Dec 08This free seat sale means the only way Ryanair can outdo themselves in their next sale is to pay you to fly.ryanair.com
Experts are warning that rising obesity levels in the UK will mean higher taxes as treatment places a heavy strain on health and public service budgets.
The Department of Health state that obesity could cost the NHS £6.3billion by 2015, double that of treating smoking related diseases.
The Local...
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That a number of people in the United States actually overpay their taxes is common knowledge. For many, doing so is like giving away their hard-earned money. (...)
California businesses often start out small. As a new business owner you need to know your federal tax responsibilities. Here are links to basic federal tax information for start-up businesses. Links are also provided to help in making certain business decisions. The list is not all-inclusive. Other steps may be appropriate for your specific type of business such as contacting a qualified Califor
Your home is worth less, but you’ll be paying more in taxes this year.With tax bills being issued in a couple of weeks, I was looking for a silver lining to the housing crisis- one that would benefit most people, not just homebuyers looking for a deal. So I emailed the tax assessors for Multnomah, Washington, and Clackamas counties with this thought:If home prices are down, shouldn’t property
Last year at tax time there were some mumblings that our property taxes may increase as much as 9% by the next tax year. Now there are louder grumblings of up to double digit increases. I would bank on the higher and hope for the lower."Council will begin debate next week on a draft budget expected to contain a whopping tax hike of about 9%, though some speculate it could be in the double digits.
In 1991, Norway enacted a punishing carbon tax - $65 per ton of greenhouse gas emitted. The result? Carbon emissions have risen 15% since that time. The country blames the increase on growth but, with gasoline at or near $10 per gallon, it seems no price is too much to pay for personal transportation. If you think this can’t happen in the United States, think again. From the articl
The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin - Mark TwainI woke this morning with that feeling of impending doom that strikes from time to time. This mornings mild sweat inducing panic was the realisation that it's the 28th of September and I haven't completed a tax return that should be in the sweaty grasping paws of the HMRC by end of play on 3
OXFORD, Miss. - John McCain accused Barack Obama of compiling "the most liberal voting record in the United States Senate" Friday night as the two rivals clashed over taxes, spending, the war in Iraq...
Your News is the place where wonderful, funny, and amazing things exist. This blog delivers informative news in the easiest way.
Now isn't this interesting. I actually didn't know that Obama was playing the "definition-of-is-game" quite as much as he really is and does in the video above.So, though Obama refuses to be straight with us, this is what we can gather in terms of how taxes will go up for those he doesn't classify as rich:1. The video above. If you make 97K a year or above you'll be taxed more on payroll taxes bec
WASHINGTON - A Las Vegas federal jury convicted Michael Haynes of one count of conspiracy to commit tax evasion through a scheme involving the fraudulent sale of One Voice Technologies Inc. stock, the Internal Revenue Service (IRS) and the Justice Department announced today. The jury, following a one-week trial before Chief U.S. District Judge Roger L. Hunt, deliberated for about two hours before
From AP:
“Plastic forks, disposable diapers, drafty houses _ if it hurts the environment, make it cost more. That’s the message France’s government wants to send with a raft of proposed new taxes.
France’s ecology minister said Sunday the government is considering a “picnic tax” on disposable dishes to encourage people to use reusable plates and cups [...]
Ryanair 1 Pound Sale - no other taxes, fees or charges to pay.Airlines might be dropping off like flies due to high oil prices and the global credit crunch, just don't tell Ryanair that. The Irish low cost airline is having a 1 pound seat sale. That one British Pound will get you a one way fare with no other taxes, fees or charges to pay.Booking Period: Wed 10th Sep 08 - Sun 14th Sep 08Travel Peri
In October of 2007, Rep. Charles Rangel, (D-N.Y.), shocked the civilized world with a proposal so extreme that it was dubbed the "Mother of All Tax Hikes" by reasonable folks (Republicans) in the U.S. House.
At the time, it was unclear why the rotund Rangel, head of the House tax-writing committee, would propose something so draconian.
Was this raspy-voiced bundle of liberal tomfoolery that out-of
Rangel says he won’t quit House panel over tax dispute
WASHINGTON (CNN) — Rep. Charles Rangel, a New York Democrat, said Wednesday he will not step down as chairman of the powerful House Ways and Means Committee in the face of a call from the Republican leader in the House for him to do so.
Rangel has [...]
The Florida Marlins are attempting to have their franchise subsidized by the State of Florida via tax revenue for a new stadium.
The Florida Marlins have, BY FAR, the lowest payroll in Major League Baseball. They receive significantly more money form Major League Baseball in the form of revenue sharing, allowing the Marlins' ownership to pocket millions and millions of dollars. Revenue sharing
Officials in Manchester, Vt., are counting revenue from the first quarter of a new tax on meals and alcohol sales in the community. Local residents vote 61-53 at a special meeting in December to add a 1 percent tax to these items to raise $200,000 to help to close a budget gap that was expected to be $370,000.It now appears that both the tax collections and budget gap will be less than expected.Du
-Scott Miller
Rolling out our newest line of tshirts, mugs, bumper stickers, sweat shirts… you name it we got it with our new “want (higher) taxes? Obama ‘08″ exclusively from The Conservative Post. Get them here. T-shirts start as low as $11.99, bumper stickers $3.49.
Timing of this line works happens to be fortunate since Fred Thompson took Obamarxist [...]
Aer Lingus seat sale for flights from the UK. 150,000 seats on sale, just pay taxes and charges on routes to Dublin, Belfast and Cork. For travel until 31 March '09. Offer ends 15 September.Fly to Dublin FromBirmingham Edinburgh Glasgow London Gatwick Manchester Newcastle Fly to CorkFromBirminghamManchesterFly to BelfastFromLondon HeathrowZero fares plus the taxes
SCI Real Estate Investments and Exeter 1031 Exchange Services cordially invite you to:
Tax Deferral and Replacement Property Solutionsin a 1031 Exchange
Wednesday, September 17, 2008
9:00am - 12:00pmHoliday Inn Long Beach Airport
2640 N. Lakewood Blvd.
Long Beach, CA 90815
This is an intermediate level discussion on Section 1031 Tax-Deferred Exchanges. The program will include the re
Five out of six Indonesian coal companies, whose top executives were banned from overseas traveling because of unpaid royalty, agreed to pay 600 billion rupiah (some $65.51 million dollars) as a guarantee to address dispute with the government, according to local newspaper Tuesday.Indonesia, the world's largest coal exporter, has prohibited 14 executives of the firms from exiting the country due t
The town of Natick, Mass. hired David DeLuca, an attorney with Murphy, Hesse, Toomey & Lehane of Quincy, to assist in collecting money owed to the town in back taxes. The combined figure of outstanding taxes is $1.5 million, but the town realistically expects to collect around $500K.DeLuca will be paid an hourly rate of $115 per hour. Much of the work, however, will be done by a paralegal who wil
hi this is my situaton may 2007 i was diagnosed hiv pos. i had my own business and was
subcontracting off another company. at that time i owed 8000.00 for taxes
+ for a year that i havent claimed for… so aprox 10-12000 owing and
have no credit really to speak of… a loan from dell and a [...]
A conviction for willful failure to pay over employee payroll taxes is affirmed where “willfulness” does not require the government to prove that a defendant had the ability to meet his tax obligations.
In a decision made on August 22, 2008 by the federal court of appeals covering California (the U.S. 9th Circuit Court of Appeals), the court stated:
This case illustrates the enduring truth o
Time Value of Money
I'm not going to bore you with all of the statistics that are available on this topic. There have been so many academic and industry studies over time that prove beyond a shadow of a doubt that taxpayers/investors who take advantage of tax deferral and tax exclusion income tax planning strategies will always build substantially greater wealth than those taxpayers/investors who
So I don't know about you all, but I think this is set to be the most interesting election in my life time. Either party will represent a historical change for the executive branch. I think that in itself is exciting.I have to admit that I was initially offended by McCain's choice in VP. Does he really think women that supported Hilary are shallow enough to sacrifice their values based on the g
Last week AirAsia had a great MEL - KUL seat sale. Now there is a sale on covering the entire AirAsia network. 1 million seats on sale for free, just pay the taxes and charges.Booking Period: 26 Aug 2008 - 31 Aug 2008Travel Period: 1 Apr 2009 - 31 Jul 2009 AirAsia.com
With our growing national debt and continued increase in government (bailout) spending, taxes are going up sooner or later. Despite the presidential candidate's political mutterings, the only way to finance our high national debt and afford to pay for long term public obligations (such as medicare and social security) will be to increase taxes or remove existing tax breaks. Forbes recently ran a d
by Dave MindemanHere's something you won't hear much about. The 1/4 cent sales tax used for transit is being used to lower other taxes. Huh?The new board that decides on distribution called the Counties Transit Improvement Board (CTIB), has made its first committments. They focused on two projects: The Central Corridor and the Hiawatha Rail Line.But here is where it gets interesting. The money
On my many travels around the world I have had a lot of time to think. Perhaps those hours could have been better spent by doodling, playing video games or just chewing gum, drooling or reading People magazine but like the fool I am I chose to th...
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A taxpayer may have the right to discharge back taxes in a chapter 7 bankruptcy. Filing chapter 7 is a way to eliminate back taxes if you meet the conditions for discharging those back taxes. (...)
UK based low cost airline bmibaby.com are having a quick fare sale - over 100,000 seats available, just pay taxes & charges.This offer ends midnight Tuesday 19th August and is available for travel from 10th September until 11th December 2008.fly from Birmingham Intl, Cardiff Intl, East Midlands, Manchester and Glasgow.bmibaby.com
Democratic politicians misused and misrepresented the results of this modest GAO study to bash America's corporations and call for sweeping ``reforms.''
Lately, as we get closer and closer to becoming homeowners, I have become obsessed with all the little taxes, fees and surcharges that go along with it. While I could probably sit down and start writing about all the little details I have found out so far, I would no longer have time to do [...]
by: Alex Baumm
Do you have a used car that you do not drive anymore? That old vehicle may be filling up and using up so much space in your garage. No matter how you assess it, you cannot think of any other good use you can have for the old car. Did you [...]
