Tax News
Getting ready for the Medicare tax on investment income
There are few certainties for year-end tax planning this year, but if you're a wealthy investor there is one sure thing — the new Medicare…
IRS aims to clarify investment income tax under healthcare law
The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as…
Analysis: Democrats’ discord undercuts Obama estate tax push
Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the…
How to make the most of charitable tax breaks
When megastorm Sandy devastated parts of the Northeast, people raced to help: They donated money by text and credit card, scoured their closets for items…
Without fix, alternative minimum tax could hit 28 million taxpayers: IRS
Some 28 million Americans including some in the middle class would face an unintended tax hike if a U.S. tax aimed at ensuring the wealthy…
What if I don’t have the money to pay the IRS for back taxes?
The IRS is aware that taxpayers continue to struggle five years after the U.S. economy sunk into recession. The slow recovery means that many people…
New HARP Program for Your Mortgage
Recently, President Obama has been talking about another mortgage help program for struggling homeowners.Now he has released his proposal, which is an expansion on the…
Tax Form 9465: Installment Agreement Request
If you cannot pay the full amount due with your income tax return, you can ask the IRS if they will allow you to make…
