Income Taxes

The Latest

  • January 10, 2013

    Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has brought an increase in taxes for all American families — and for many that means an almost...

  • January 2, 2013

    Americans have tried just about everything to get out of paying their taxes, the Internal Revenue Service says, but very few of these excuses are likely to work.

    The IRS recently released its annual The Truth About Frivolous Tax Arguments...

  • January 2, 2013

    NEW YORK (MainStreet) — With millions of Americans drowning in debt, more creditors...

  • January 2, 2013

    There are many challenges that come with serving in the military, but worrying about managing your taxes shouldn’t be one of them. Fortunately, there is tax help for military service personnel so you can work on...

  • November 20, 2012

    Most of us have heard of certain tax-related terminology. However, that doesn't mean that we know what they actually mean or how they can affect our tax strategies. In this video, Greg McGraime explains tax credits as well as ways to take...

  • November 15, 2012

    With everyone talking about the fiscal cliff these days, it’s easy to worry we might all be jumping off of it. Thankfully, experts say there’s no need to unpack your parachutes just yet, but there may be some cause for concern if tax rates...

  • October 29, 2012

    Life insurance is an important part of a business. It may be used as a funding mechanism for your buy-sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees. Probably the...

  • July 1, 2012

    There are multiple due dates and deadlines that taxpayers must remember during the year. This tax calendar is for the year 2012 — remember that 2011 income tax returns...

  • January 23, 2012

    Taxable income, generally speaking, is the gross income of an individual or corporation, less any allowable tax deductions. Your taxable income is, in other words, the amount of your income that is subject to income tax.

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