Because taxes can significantly impact the economy by changing the cash flow available to both individuals and businesses, a presidential candidate’s view on taxes has become an increasingly hot topic during the past several election seasons. Each presidential candidate’s view on tax policy is different. Some candidates weigh heavily on the standpoint that tax money [...]

Taxes are on the rise, and for taxpayers who think that taxes are high now, there is only more to come. Both individual taxpayers and small businesses will be hit by higher tax rates as attempts to simplify the tax code are made to reduce the national deficit. There are several tax cuts that the [...]

Has President Obama’s new heath care bill morphed from a mandate to a tax on middle class Americans? During his electoral campaign President Obama promised that his government would not impose any tax increases on already burdened middle class citizens. During the debates that have led up to the presentation of the infamous health care [...]

There is little doubt that we are a country in trouble, despite the fact that the government may try to convince us otherwise. American consumers are finally waking up and realizing that we must pay closer attention to what is happening in our country. After seeing retirement and savings accounts almost wiped out in recent [...]

If you got a lot of cash, this may be your year to kick the bucket. 2010 is a year in which Congress has permitted the estate tax to slip which means heirs to a fortune will be receiving their inheritance without having to pay the government. This is the first time in nearly 100 [...]

The IRS 1099-Misc form has always been used to track payments made from one company to either an individual or another company that are not salary-based.  If you hire someone to design a website, it’s a one time payment.  If that payment is more than $600, then you issue that person a 1099-Misc form, and [...]

So, you’ve entered into an installment agreement with the IRS and now realize that you are unable to pay, what do you do? First off, don’t panic or become discouraged- the economy is extremely volatile and tough economic situations are understandable- even to the IRS. Take a moment to consider your situation, and how you arrived [...]

Ronald Reagan once proposed eliminating the federal corporate income tax. That was in 1983 and the same issue has been brought back to the table; however it doesn’t seem like too many people are taking notice. What is the Deal With the Corporate Tax? Under the current tax regulations, corporate earnings are being taxed twice. [...]

Journalism is not what it used to be and the Federal Trade Commission is exploring ways to reinvent the craft. The FTC proposed that the US government should be the hub of a media overhaul but some are worried it is not the right course of action.

Last year threats on the IRS have increased and in the past few weeks the IRS has been receiving threats at an increasing rate. The National Treasury Employees Union seems to believe that the threats are increasing because of the actions taken by Joseph Stack, the man who flew his plane into the IRS building [...]