IRS Certifies Toyota Highlander Hybrid as a Clean-Fuel Vehicle
Monday June 27, 2005
The IRS has certified the 2006 Toyota Highlander as eligble for the clean-fuel vehicle deduction. If you purchase the Highlander or other hybrid cars new (not pre-owned), the IRS allows ... Read More
Do I Need to File My Late Tax Returns? - Questions from Readers
Sunday June 26, 2005
Dear Tax Guide, I am a US citizen and retired about 14 years ago. I have been living abroad for the past ten years. However, I have never filed a ... Read More
Are Expenses When Selling a House Tax-Deductible? - Questions from Readers
Thursday June 23, 2005
Dear Tax Guide, I have one more question about selling my house. Does any touch up work that was done just prior to listing the house come into play? ... Read More
Tax Consequences of Selling My House? - Questions from Readers
Tuesday June 21, 2005
Dear Tax Guide, I have owned a house for about five years. I'm plan to sell the house. Is there any way I can lower the taxes on the profits?
Dear ... Read More
Small Business Taxes Made Easy
Saturday June 18, 2005
Tax advisor Eva Rosenberg, author of the popular TaxMama web site, has written a book covering tax planning for small businesses. In Small Business Taxes Made Easy, Rosenberg covers how ... Read More
IRS to discontinue Package X and Publication 1045
Wednesday June 15, 2005
Tax professionals have come to rely on IRS Package X as an annual reference. However, the IRS will discontinue printing Package X. Package X contains the most important IRS publications ... Read More
Deadline for US Citizens Living Abroad to File Their Taxes
Tuesday June 14, 2005
Americans living abroad have until June 15, 2005, to file their taxes or request an extension. One expat emailed me an exhaustive report of his experience with several ... Read More
June 15th: Deadline for 2nd Quarter Estimated Tax Payments
Monday June 13, 2005
It's time to pay those estimated taxes again. The deadline for making your second quarter estimated payment is June 15, 2005. One common question I hear quite often: can I ... Read More
Revising the 1040
Thursday June 9, 2005
A client called the other day. She told me that she made a contribution to her traditional IRA back in April, and she faxed me some documentation from her brokerage ... Read More
Another Tax Protester Sent to Jail
Tuesday June 7, 2005
What if someone told you that you never had to pay taxes again? Does it sound too good to be true? The IRS and other federal agencies have been cracking ... Read More
IRS Warns Debtors Not to Abuse the Appeals Process
Friday June 3, 2005
Several Tax Court cases have ruled in favor of the IRS regarding penalties for abusing the appeals process. Every taxpayer has a right to a Collections Due Process hearing if ... Read More
The Political Battle over the Estate Tax
Thursday June 2, 2005
Books about political haggling, espeically haggling over tax cuts, are rarely reviewed by the top literary journals. The London Review of Books, however, has just published a highly positive review ... Read More