http://taxnews.taxforum.us Tax News Blog Fri, 15 Jan 2010 17:32:31 +0000 http://backend.userland.com/rss092 en Want a quick tax refund? File your federal return online and have the refund deposited directly into your bank account. The Internal Revenue Service launched its online filing system Friday with a promise that people who do their taxes electronically will get refunds in as few as 10 days. For those who ... http://taxnews.taxforum.us/irs-online-tax-filers-can-get-refunds-in-10-days/ Want to keep IRS auditors away? Keep your earnings under $200,000 and they won't bother you 99 percent of the time. IRS enforcement numbers, released Tuesday, show that returns under that amount have a 1 percent chance of getting audited. Returns showing income of $200,000 and above have a nearly 3 percent ... http://taxnews.taxforum.us/make-less-then-200000-to-keep-auditors-away/ Taxes are a part of our lives and there is no getting around that fact. That said, there is no legal or moral reason for you to pay any more than you are legally required to pay. With some planning and fore knowledge, you can keep your tax bill for your ... http://taxnews.taxforum.us/investing-and-taxes/ With all the stimulus packages that have been passed left and right, everyone has gotten confused with the definition of Adjusted Gross Income or AGI. In order to qualify for many stimulus perks, your AGI, not the salary or after-tax take-home income, must be below certain limits. To complicate matters ... http://taxnews.taxforum.us/adjusted-gross-income-vs-modified-adjusted-gross-income/ A wealthy accountant convicted of filing a false tax return has been sentenced to a year of house arrest because of his extensive cooperation in the U.S. probe of Swiss bank UBS AG. A Miami federal judge imposed the sentence Wednesday for 55-year-old Steven Michael Rubinstein, the first American charged in ... http://taxnews.taxforum.us/ubs-ex-client-avoids-prison-for-tax-conviction/ If you're like most Americans, you don't have a secret bank account in Switzerland where you stash money to keep it out of IRS hands. Being out of the foreign tax-shelter loop isn't such a bad thing. Uncle Sam recently signed a new tax treaty with that Alpine nation that should ... http://taxnews.taxforum.us/tax-saving-tips-that-irs-is-fine-with/ The battered house on Sherwin Road was put to good use before the fire department burned it to the ground. SWAT teams barged through the front door in an exercise on dealing with domestic violence. Rescue crews scattered mannequins around the house and blew smoke through the halls to simulate a ... http://taxnews.taxforum.us/burning-down-the-house-irs-nixes-tax-deductions/ Nobody in the White House is going to call the president’s “mileage and pollution” plan what it is. It’s a $1,300 car tax. On the working class. On the middle class. On everyone who has responded to the government’s consumption-mania incentives — loosened credit, tax deductions — and bought/planned to buy ... http://taxnews.taxforum.us/obamas-car-tax/ Digital Distribution Tax is spreading like wild fire lately. In fact,seventeen or more States have already adopted it, and more are considering it. Back in the old days, consumers would download games such as World of Warcraft to avoid the sales tax from stores. Now it doesn’t make a difference whether ... http://taxnews.taxforum.us/ebay-against-download-tax/ President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package and prodding companies to create jobs. The size of the proposed tax cuts -- which would account for ... http://taxnews.taxforum.us/obama-sees-300-billion-tax-cut/