|
|
Archive by category 'Taxes'
Why pay, use free tax filing from H&R Block
One of my favorite sites, The Tax Foundation, had a phenomenal couple posts about Maryland’s so-called Millionaire Tax. The two main posts are, Maryland’s Millionaires Missing After Tax Hike and Maryland’s Lawmaker Proposes making Millionaires’ Tax Permanent. Maryland, like many other States out there are hurting for cash, so what else can a state to
Continue reading Proof You can only Push High Net Worth and High Income Individuals So Far!
Why pay, use free tax filing from H&R Block
A bad ass blogger, Financial Samurai, made a comment on my blog today that really got to me. His comment was in response to my post Listing Most of Obama’s Proposed Taxes. Sam, as his random blogger buddies who live across the country call him, said,
It’s one of those things where one should recognize that
Continue reading Why Doesn’t Anyone Feel Remorse When it Comes to High Earners and Income Taxes?
Why pay, use free tax filing from H&R Block
I have discussed in the past that Long Term Care Insurance may be state income tax deductible, but I have never really went into the federal tax aspects Long Term Care Insurance.
Luckily, I don’t have to. Every year there is an update released by The Corporation for Long-Term Care Certification.
http://myjourneytomillions.com/2010_One_Page_Tax_Summary.pdf
My Opinion of Long Term Care Inusrance
I
Continue reading Long Term Care Insurance May be Federal Income Tax Deductible
Why pay, use free tax filing from H&R Block
Most people assume that the only way to commit tax fraud is not to pay it or to lie on those documents. However, in New York, and probably most other jurisdictions, there are numerous ways to commit tax fraud.
Like the Federal Government, and most other States, New York is short on tax revenue and in response
Continue reading There are Many Ways to Commit Tax Fraud
Why pay, use free tax filing from H&R Block
It almost seems inevitable at this point in our history that marginal tax rates will increase. Now, they (read: government) wants to start charging a surtax? I am not sure why it is called a surtax rather than just calling it what it is – an increase of your income taxes.
The Tax Foundation is
Continue reading Want to See Your Marginal Tax Rate if Health Care Surtax Passes?
Why pay, use free tax filing from H&R Block
When I discussed the best cell phone service for deaf or hard of hearing people I mentioned that my brother was deaf (yes, I know Sign Language). So, whenever I hear something about deaf life or culture I have more than a general interest. So, thanks to Kay Bell of Don’t Mess with Taxes for
Continue reading The IRS Produces Videos for the Deaf in American Sign Language (ASL) to help them Understand Recent Tax Changes
Why pay, use free tax filing from H&R Block
As I previously posted about, I learned that, Cancellation of Debt is Taxable Income, when my brother received notice that a creditor he had settled with 2 years ago filed a 1099-C for a deduction for Cancellation of Debt. Luckily he has a brother who is nice and is willing to do research for him.
Five
Continue reading Writing the IRS in Response to Increase in Income due to 1099-C – Five Rules when Replying to the IRS
Why pay, use free tax filing from H&R Block
 I learned a very interesting lesson today that I thought I’d share with everyone. It is not a new lesson in fact I remember it from Federal Income Tax class but haven’t heard about it in years. It was years, until my brother grabbed me in between my 8th and 9th beer on the 4th
Continue reading Cancellation of Debt May be Taxable Income
|
Supporters of My Journey to Millions
|
Popular Posts