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If you’re stuck with a tax bill this year, rather than your usual refund, you’re not alone. This year and next, more than 15 million taxpayers may find they unexpectedly owe Uncle Sam because they received more of the Making Work Pay tax credit than they were entitled to. Here are some tips on what Continue reading What to do if you can’t pay your taxes April’s approaching. Are you ready to get going on your taxes? Here’s a rundown of seven tax tasks to take care of this month. Sheltering your investment profits from taxes may seem like a remote concern when your accounts are a sea of red ink. But tax shelters like 401(k)s and IRAs are more important than ever. The Obama administration’s plans to raise taxes and cut spending will likely hurt the still-fragile economic recovery. But it could also help strengthen the U.S. dollar, writes Simon Constable. From the expiring estate tax in 2010 to the various Obama administration proposals, including a bigger child-care tax credit and small-business breaks, there’s no shortage of tax-related headlines these days. But none of that is going to help when you do your 2009 taxes. From the expiring estate tax in 2010 to the various Obama administration proposals, including a bigger child-care tax credit and small-business breaks, there’s no shortage of tax-related headlines these days. But none of that is going to help when you do your 2009 taxes. How often do you see real passion when it comes to tax preparation? Meet Dr. Edward Kane, of Venice, Fla. |
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