Chris Bibey



Chris Bibey

Author's Latest

  • August 13, 2010

    The new modified carryover basis regime is something that property beneficiaries need to be aware of. In the past, beneficiaries of property received a “step-up in basis” of the property that they inherited. This is no longer the case. Instead,...

  • August 12, 2010

    Every year, American taxpayers are required to file and pay both federal and state income taxes. However, some taxpayers get so caught up with the federal tax system that they overlook their state income taxes. Your state government (just like...

  • August 12, 2010

    Every year, the federal individual income tax rates adjust. While the adjustments are sometimes subtle, it is important that you understand any rate changes and how they will affect you.

    Listed below are the 2010 individual income tax...

  • August 12, 2010

    In the early years of the United States of America, there were very few taxes. Up until 1802, the nation was mainly supported by taxes on goods (such as tobacco, carriages, sugar, and spirits). During the War of 1812, a sales tax was introduced...

  • August 11, 2010

    Many people look at their car and see something that sucks up a lot of money. While it is true that cars can be expensive, there are many tax deductions to consider. The more tax deductions that you find the more money you are going to save on...

  • August 11, 2010

    Did you know that there are tax deductions for education? In other words, you can save money on your taxes thanks to expenses that you spend on furthering your education. This is something that many people miss out on, year after year. One of the...

  • August 11, 2010

    If you own a home there are many income tax deductions that you can take advantage of.

    There is no denying that you spend a lot of money, month in and month out, to maintain your home.

    The least you can do for yourself is take...

  • August 11, 2010

    There are certain expenses that qualify as a deduction on your income tax return. These are often times referred to as itemized deductions. Many people never take the time to learn about itemized tax deductions because they rely on the standard...

  • August 11, 2010

    No matter the year, there are sure to be tax deductions for individuals to take advantage of. This definitely holds true for 2010. There are many tax deductions to consider, with some being more beneficial than others. As a taxpayer, you should...

  • August 10, 2010

    The Kiddie Tax requires that unearned income generated by children under age 19 (or 24 for full-time students) is taxed at their parents’ rate rather than their own. The Kiddie Tax applies only to unearned income...