Taxes Blog

Tuesday, October 5, 2010 1:59 pm
By Kay Bell · Bankrate.com

Want to know how important it is to have a good estate plan in place? Just ask the family of Vicki Lynn Marshall. You probably know her as Anna Nicole Smith, the former Playboy playmate who, at age 26, married 89-year-old tycoon J. Howard Marshall II. He died 14 months after they exchanged their June

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Thursday, September 30, 2010 2:26 pm
By Kay Bell · Bankrate.com

Politics trumped policy this week. Representatives and Senators left Capitol Hill without voting on the expiring Bush tax cuts. Apparently, Congress believes that their re-election campaigns will fare better without a specific tax vote to point to. Part of the problem, aside from the purely election-driven concerns, was that lawmakers couldn’t agree on what to do about tax

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Wednesday, September 29, 2010 1:28 pm
By Kay Bell · Bankrate.com

If  you had any doubt that taxes need to be thought about year-round, then consider what will happen tomorrow. On the federal level, the first-time homebuyer tax credit will come to an end Thursday, Sept. 30. That’s the day that folks who had a contract in place by April 30 on a qualifying home must actually close on the purchase

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Tuesday, September 28, 2010 11:29 am
By Kay Bell · Bankrate.com

Researchers at the University of Florida say that an increase in alcohol taxes would mean a 35 percent reduction in alcohol-related deaths. And the life-extending benefits of hiking alcohol taxes don’t end there, according to “Effects of Alcohol Tax and Price Policies on Morbidity and Mortality,” published in the American Journal of Public Health. Higher

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Tags: tax, Taxes
Friday, September 24, 2010 4:58 pm
By Kay Bell · Bankrate.com

You’ve probably heard by now that the Senate has decided not to vote on the expiring Bush tax cuts. There are lots of reasons: the upcoming Nov. 2 election, dissension within the Democratic ranks as to which  tax cuts to keep, the upcoming Nov. 2 election, the lack of time to get a bill passed

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Tags: tax, Taxes
Thursday, September 23, 2010 2:10 pm
By Kay Bell · Bankrate.com

Just in case you didn’t know it, the mortgage interest tax deduction is safe. Really? This is news?  No. But then neither was the headline of a press release on a National Association of Home Builders recent survey. The industry group message showed up in my e-mail inbox proclaiming, “Voters Warn: Don’t Mess With the Mortgage Interest

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Tuesday, September 21, 2010 11:00 am
By Kay Bell · Bankrate.com

Colorado lawmakers on both sides of the political aisle are worried about taxes. In that state, though, the concern is that voters this November will approve three ballot measures that will cut taxes. Amendment 60 would require Colorado’s school districts to cut property taxes. The state would then be forced to come up with ways

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Thursday, September 16, 2010 2:13 pm
By Kay Bell · Bankrate.com

While I was letting Congress know that it needs to stop encouraging taxpayers to cheat, a Senator decided it was time to make sure his colleagues are properly paying the IRS. Sen. Tom Coburn, R-Okla., has introduced a bill that would require U.S. lawmakers to disclose any money they owe in delinquent taxes and to have

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Tags: Congress, IRS, tax, Taxes
Tuesday, September 14, 2010 3:30 pm
By Kay Bell · Bankrate.com

Dear Representatives and Senators, Bankrate Taxes Blog reader Jackie has a message for you: I did take the original tax credit and … felt cheated when the revised 2009 credit was passed. This is especially true since I closed just 11 days too soon to take the revised credit. So I will dutifully pay back

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Thursday, September 9, 2010 3:27 pm
By Kay Bell · Bankrate.com

That headline isn’t anything new. There’s been a ton of confusion about the first-time homebuyer tax credit, which has been revised what seems like a million times since it was created back in 2008. OK, it’s only been four times, but who’s really counting? The tax break is supposed to come to an end this

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Tags: IRS, tax, Taxes
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