IRS And Taxes

Los Angeles Times Obama continues push for payroll tax cut extension CNN International By Ted Barrett and Kate Bolduan, CNN House Republicans Eric Cantor, Kevin McCarthy and John Boehner released a statement on the contentious payroll issue. Washington (CNN) -- President Barack Obama continues his push Tuesday to get Congress to extend a ... Capitol Hill weighs GOP payroll tax gambit CBS News House GOP offer on payroll tax cut Philadelphia Inquirer all 606 news articles »Read Full Story

Feb. 14 (Bloomberg) -- Louis Alleva, an accountant and tax professional with Intuit Inc., talks about Intuit's effort to lure customers from storefront tax preparers by offering free live tax advice with its do-it-yourself TurboTax software products. Alleva spoke to Bloomberg's Margaret Collins from the office of his Westbury, New York home on January 18. (Source: Bloomberg)Read Full Story

By Nicholas Pell for GoBankingRates.com The economy recently saw some good news on the job front: A recent jobs report paints a far sunnier picture than we’ve seen in years and led to a stock market rally. Still, the Christian Science Monitor is reporting that as many as 15 percent of Americans are still looking for work. Even many people who currently have jobs spent some time during 2011 looking for one. If you spent 2011 looking for a job, there’s a good chance you qualify for a number...Read Full Story

Whether you are filing taxes for the first time or you want to enjoy having a professional helping you getting the most out of you tax filing and deductions, looking for a tax preparer should take some time. Don’t just walk into that place down the block that looks like it’s operating out of someone’s home unless you know and trust the person, of course. But take your time to research who you go to, because this is your finances you are talking about. You don’t want someone who is going to...Read Full Story

Thanks to Kevin Tolbert, Distressed Property Expert in Port St Lucie, FL for providing this information for both Realtors and Homeowners alike.  Please take some time to provide Kevin a commen on this post Via Kevin B Tolbert, PA GRI, CDPE Keller Williams Realty (Keller Williams Realty of the Treasure Coast) : If you have been thinking about doing a short sale and take advanntage of getting the debt cancellation or "underwater" amount of your mortgage, this opportunity may be coming to an...Read Full Story

Dome Publishing Company, Inc. Products – Tax Deduction File, w/ Pockets, 11″x9-3/4″ – Sold as 1 EA – Tax deductions file allows you to record all personal tax deductible expenses. Simplifies the filing of federal and state tax returns for individuals. Use pockets for storing important papers. Tax deductions file is not dated so you can start any time. Good for a full year. Dome Publishing Company, Inc. Office – click on the image below for more information. Dome Publishing Company, Inc...Read Full Story

We are planning to rent our existing home and pull $ 200k equity from that home to buy a new primary residence. I am not clear about the $ 100k deductible limit on the home-equity loans. Can I deduct it on Sch A or against the rental income and is the deductible equity loan capped at $ 100k. We file married jointly and our AGI is $ 160k. Answer by sloopy I don’t know where the first reply came from and I’m not knocking his intentions BUT…..I never thought it was allowed or a good idea...Read Full Story