Taxes  

The IRS is planning to cut the number of estate tax lawyers and audit staff it employs.

With the efforts of the Bush administration to reduce the number of people liable for the estate tax, the IRS will cut the jobs of 157 of the agency's 345 estate tax lawyers, and ...read more

Many companies offer their employees cash incentives to undertake certain actions such as buying a hybrid car. It is important to remember that such situations have tax consequences

Employer Cash Incentives To Employees For Hybrids

Purchasing a hybrid vehicle makes sense on many fronts. It is a financial windfall given tax credits ...read more

When donating your car to your favorite charity, the Internal Revenue Service (IRS) wants you to be aware of certain pitfalls. After December 31, 2004, taxpayers planning their charitable giving, donors should understand the way that the American Jobs Creation Act of 2004 will alter the rules for the contribution ...read more

An offer in compromise is basically an agreement between the Internal Revenue Service (IRS) and a taxpayer to reach a settlement on tax debts. Applying for an offer in compromise is often a lengthy and complicated process. It can take anywhere between a year and two for arriving at a ...read more

Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket:

1. Participate in company retirement plans. Every dollar you contribute will reduce ...read more

If you have an email account, and who doesn’t, you are use to receiving scam emails. Well, here is one using the IRS name to watch out for over the next few months.

Latest Email Scam Using IRS Name

No matter how hot it is outside, nothing sends a chill down a ...read more

If you purchase a new hybrid car after January 1, 2006, you can get a major tax credit for doing so. Alas, the tax credits applicable for Toyota hybrids are about to be cut in half.

The government uses all types of methodology to modify our behavior. While many look for ...read more

Taxes are the great bane of most businesses. Alas, tax deductions act as a salve to cool the burning and itching of your bank account.

The tax system in the United States is an undeniable mess. With tens of thousands of pages of laws and regulations, the phrase cruel and unusual ...read more

Republican leaders in the U.S. Senate have pledged their support of legislation which would withhold funding from the UN and the OECD should they attempt to impose taxes at an international level.

In a letter to President Bush, seven top Republican Senators stated their support of the legislation.

"While global taxes are ...read more

A taxpayer in financial difficulties has a number of options to resolve his federal tax debts. Offer in compromise is an ideal solution for a person on the verge of financial break down. It is a proposal specially designed to settle a taxpayer’s tax debts for less than what he ...read more