A lot of tax payers have come into trouble with the IRS because of tax scams. Homeowners, property managers, business owners, and individuals are warned of fines, prosecution, and possible jail time if they continue with these scams and avoid paying the right amount of taxes.
The Internal Revenue Service issues a list of the top [...]

Job-hunting may prove difficult these days, but maybe, just maybe, job hunting isn’t the right course for you in keeping up with these difficult times. A good idea, a good original product, or even a product that’s popular these may just be the ticket you need to keep yourself out of financial troubles. Starting a [...]

Having summer jobs is a great way to earn a little while school’s out. Whether you are doing it to help your family, earn your tuition or simply to have your own expense money during the summer vacation, the IRS wants you to know that you may or may not be subject to taxes especially [...]

The very popular homebuyer credit has been extended until September 30, 2010, helping thousands of qualified first time and repeat buyers experience the American Dream. HR 5623, recently signed into law by President Barrack Obama, allows qualified first time and repeat buyers tax credits of $8,000 and $6,500 respectively, when purchasing a new house.
Under prior [...]

New Jersey Governor Chris Christie has approved the state budget for 2010 which effectively suspends the popular Homestead Property Tax Rebates. The budget, signed into law on June 29, however, appropriates funding for the Senior and Disabled Citizens’ Freeze and for the homestead property tax credit program.
The budget also includes the following tax measures:
Reduction of [...]

In connection with the HIRE Act enacted on March 19, 2010, the Internal Revenue Service has released a revised form to help employers hiring workers who were previously unemployed or only working part time claim their tax breaks. The form and instructions can be found at www.irs.gov/pub/irs-pdf/f8846.pdf . The exemption applies to the employer’s share [...]

The Internal Revenue Service has recently proposed to require businesses with more than $10 million in assets to disclose with their tax returns certain details about each uncertain tax position, defined as a position for which the taxpayer or a related entity has recorded a reserve in its financial statements under FASB Interpretation no. 48 [...]