Taxes Blog

Thursday, May 13, 2010 10:39 am
By Kay Bell · Bankrate.com

It’s prime tornado season.  Folks in the Northeast and South are cleaning up after spring floods.  Hurricane season starts in a couple of weeks. Now’s the time to brush up on U.S. tax laws. Yep, the IRS can help when you take a hard hit from Mother Nature. You might be able to deduct on next year’s taxes

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Thursday, May 6, 2010 2:21 pm
By Kay Bell · Bankrate.com

Tax confession followed by prosecution: A fair IRS tactic or trickery to get unpaid taxes and then punish those who finally came clean?

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Tags: IRS, tax, Taxes
Tuesday, May 4, 2010 2:54 pm
By Kay Bell · Bankrate.com

Pennsylvania promotes its current tax amnesty program with a scary big brother ad. Will it work in getting those who owe to pay up?

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Tags: amnesty, tax, Taxes
Thursday, April 29, 2010 2:33 pm
By Kay Bell · Bankrate.com

The health care reform law, officially titled the Patient Protection and Affordable Care Act, has been in effect for just over a month and we’re starting to see a few of its effects. This week, the IRS gave its OK for some expanded insurance coverage to start a bit early.

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Tuesday, April 27, 2010 9:20 am
By Kay Bell · Bankrate.com

I hope Congress is happy. Legislative negligence by the House and Senate has cost the U.S. Treasury billions. Because federal legislators let the estate tax die on Jan. 1, the heirs of a Texas gas pipeline tycoon have escaped owing the IRS anything.

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Thursday, April 22, 2010 10:37 am
By Kay Bell · Bankrate.com

Happy Earth Day! This is a great manufactured holiday for environmentalists and tax geeks, since Uncle Sam will help pay for some ways to reduce your carbon footprint. Even better, the tax breaks associated with eco-activity are credits. That means they can reduce your tax bill dollar for dollar.

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Monday, April 19, 2010 11:40 am
By Kay Bell · Bankrate.com

The Show Me State is getting a head start on the 2010 sales tax holiday season. Beginning today and running through Sunday, April 25, Missouri shoppers who purchase Energy Star qualified appliances will save at least 4.225 percent off the purchase. That percentage is the state’s sales tax amount they won’t have to pay.

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Friday, April 16, 2010 11:43 am
By Kay Bell · Bankrate.com

Everyone has to meet the April 15 filing deadline, even the country’s leaders. Check out the 1040s filed this year by the president and vice president.

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Thursday, April 15, 2010 10:21 am
By Kay Bell · Bankrate.com

Did filing your tax return leave a bad taste? Then check out the many national restaurant chains that are offering some much more appetizing goodies today in celebration of the end of our annual tax ritual.

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Tuesday, April 13, 2010 10:35 am
By Kay Bell · Bankrate.com

The IRS is expecting around 60 million returns to arrive this week. If you’re one of these last-minute filers, welcome to my club! I’m planning to give my return a once-over this afternoon, then hit the send button.

But as good as it feels to be done with your 1040 for another year, don’t relax too much. You might have some more tax tasks to take care of in the next couple of days.

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