Supreme Court recently ruled a portion of the Defense of Marriage Act (DOMA) unconstitutional. However, many questions remain to be answered.
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Few us enjoy paying taxes, but it’s one of those things we’re required to do by law. And, since paying taxes is a matter of the law, there is the possibility of going to jail if you don’t pay your taxes.
Any discussion about how to improve the government’s budget situation has to include taxes. These tax discussions also have to encompass various tax breaks -- and who should have them.
Every now and then, a shift in financial strategy or an unexpected event leads to a debt to the IRS. Here are three approaches worth considering for paying back the debt.
If you owe money to the IRS due to back taxes or unfiled tax returns, one of the ways that Uncle Sam can get his due is by garnishing your wages. However, it doesn’t have to end in this step.
As you fill out your tax return, you will find that even your investment income is divided into different categories and taxed differently.
Find out 4 important factors you need to consider when selecting a tax professional. These include factors such as specialty, credentials, comfort level, and cost.
As an investor, it's vital that you understand how your earnings are taxed. Different sources of investment income are taxed in different ways, so you need to be on top of the situation.
You know that "nothing is certain except death and taxes," as Benjamin Franklin once said. The good news is that investment income can be more efficient than earned income, in some cases.
Many Americans take advantage of tax write-offs by finding loopholes in the system, and using them to drive down the amount they pay by way of taxes. There are many examples of outrageous tax write offs that people get away with. Here are ten of the most ridiculous.