Taxes Archive

The IRS doesn’t have the time or the resources to audit everyone. In fact, only a small percentage of of tax returns are audited each year. Since there are always some returns that are randomly chosen, …

Taxation time must be the most dreaded nightmare for everyone each year. Why do we delay the inevitable by throwing the receipts into a drawer and put off the task of recording them either into …

Tax returns are normally do to be filed by April 15th of the year following the tax year. Most people can meet this time but if you can’t there are options afforded to you by …

Part of the new revenue sources created by the 2009 healthcare bill passed by Congress, and signed into law by the Obama administration, is a new tax on indoor tanning salons. This tax charges an …

American taxpayers over the years have attempted to deduct a great many weird and sometimes mind-boggling expenses on their income tax returns. Some of the deductions the IRS approved and some they did not. Not …

On August 15, Warren Buffet wrote a stunning Op-Ed piece in the New York Times. The piece was titled “Stop Coddling The Super-Rich”, and has caused a firestorm of backlash from the super-rich and their …

The Laffer Curve is a theory by American economist Arthur Laffer which predicts the relationship between the tax rate and the tax revenue of a given government. In general, it predicts that an increase in …

If you live in America, the most seemingly innocent items and services are often booby-trapped with taxes. These taxes can vary from state to state, and many stray into bizarre territory. Here’s a sampling of …

Filing taxes is something that people like to put off until the last minute. When you have to pay in at the end of the year you want to buy time but there are reasons …

People are always very skeptical about the idea of yet another tax. The 2012 election in the United States brought many things to light. One was that people felt they learned the truth about Mitt …

There are always lots of costs that crop up when you become a parent, so it’s sensible to make sure that you’ve taken advantage of all the funding entitlements that the government offers. In the …

The main taxes levied in the United States are income tax, payroll tax, sales tax, property tax, taxes on imports, gift taxes, and estate taxes. All licenses and federally-required professional credentials are also a form …

The popular saying is that “only two things are certain in life; death and taxes.” This is true and both can be very painful. There has been much debate in the U.S. in recent years …