One of my newsletter readers recently asked me about capital gains tax rates. So I thought this would be a good time to review the basics of capital gains and ... Read More

Victims of Hurricane Katrina now have an automatic extension of time to file their tax returns or to pay their taxes. The extended deadline is now February 28, 2006. Under ... Read More

The Internal Revenue Service has extended hurricane tax relief for Hurricane Rita. Among the tax relief provisions are extended deadlines for filing tax returns, making estimated tax payments, and will ... Read More

The IRS provides tax benefits for individuals who donate their accrued vacation days instead of cash to disaster relief services. Here's how the Leave Donation Program works: You have unused ... Read More

Congress has passed HR 3768, the Katrina Emergency Tax Relief Act of 2005. The bill now goes to President Bush for signature or veto. According to the summary from the ... Read More

Tax reform, and tax policy in general, can be hard to understand. The Government Accountability Office, an independent government agency that reports to Congress, has compiled a brief report entitled: ... Read More

The Internal Revenue Service announced that they lost about 30,000 estimated tax payments on September 11, 2005. A courier was transporting checks from a San Francisco, CA, post office box ... Read More

A reader who is starting an S-Corporation recently posted an intriguing question in the tax forum. The result was a brand new section on S Corporations. Briefly, the reader asked ... Read More

The Internal Revenue Service has collected together all information concerning federal tax relief for the disaster victims: Katrina News Releases and Legal Guidance. Information about federal and state tax relief ... Read More

Nearly 5,000 Internal Revenue Service employees will be re-assigned to answer FEMA telephone calls from victims of Hurricane Katrina. According to the IRS announcement, employees in Philadelphia, Dallas, and Buffalo ... Read More

The Department of the Treasury and the Internal Revenue Service have issued tax accounting guidance for businesses that are temporarily engaged in domestic shipping operations in the Gulf Coast region. ... Read More

As part of their ongoing efforts to provide short-term tax relief as a result of Hurricane Katrina, the Internal Revenue Service increased the standard mileage rate for the last few ... Read More

Indiana's Department of Revenue is offering tax amnesty for anyone who hasn't filed tax returns, or who substantially understated tax liabilities. The program runs from September 15 to November 15, ... Read More

The Internal Revenue Service continues to expand tax relief measures to help the victims of Hurricane Katrina. New tax relief measures include: More counties in the Presidentially Declared Disaster Area - ... Read More

The Internal Revenue Service and various state tax agencies have granted tax relief to victims of Hurricane Katrina. Here's all the tax relief measures: Automatic extensions of time to file tax ... Read More