Tag Archive: IRS

Jan 22 2013

Tax Trickery

January-17-24-2013

Hucksters target local churches, seniors with promises of stimulus money. Texas Attorney General Greg Abbott recently issued a warning to avoid using Syam Tax Services pending his department’s investigation of this business for a tax fraud scheme. Court documents now reveal how Syam used recruiters to canvass churches and senior centers throughout East Texas in …

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Permanent link to this article: http://www.easttexasreview.com/tax-trickery/

Jul 31 2012

Is the IRS' 'marriage penalty' real?

By Jason Alderman If your spouse-to-be is considering postponing the wedding because of fears about the so-called “marriage penalty,” you two probably have bigger issues than whether you’ll have to pay higher taxes as a married couple than when you were single. Having said that, marriage does indeed have many financial ramifications – both good …

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Permanent link to this article: http://www.easttexasreview.com/is-the-irs-marriage-penalty-real/

Jul 21 2012

Personal financial change: adjust withholdings

According to Clay Sanford, IRS spokesman one should try to have their income tax withholding match actual tax liability. If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. If too much tax is withheld, you will lose the use …

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Permanent link to this article: http://www.easttexasreview.com/personal-financial-change-adjust-withholdings/

Jul 21 2012

Shameless tax loopholes

Sen. Lindsey Graham says tax-avoiding gimmicks are “American.” By William A. Collins Don’t just hang Your head and moan, Buy a loophole Of your own. One intriguing aspect of today’s taxation debate is that it’s so shameless. Republican leaders aren’t embarrassed in the slightest to shill for the rich. Consider this gem from Sen. Lindsey …

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Permanent link to this article: http://www.easttexasreview.com/shameless-tax-loopholes/

Jun 18 2012

‘Innocent Spouse Relief’ protects against tax fraud

By Jason Alderman I’ll wager that when most brides and grooms utter the phrase, “For better or for worse,” the “worse” they’re imagining probably involves situations like getting laid off or a prolonged family illness – not being the victim of tax fraud perpetrated by a current or former spouse. Married couples typically file joint …

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Permanent link to this article: http://www.easttexasreview.com/innocent-spouse-relief-protects-against-tax-fraud/

May 21 2012

Applying for financial aid

IRS system helps with college application process By Clay Sanford/Special to ETR   College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. “The Internal Revenue Service is helping minimize the …

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Permanent link to this article: http://www.easttexasreview.com/applying-for-finacial-aid/

May 15 2012

Paperwork after tax filing season

Now that the tax filing season has come and gone, you may be wondering how long to keep records and what records to keep.  Keeping necessary records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. “Normally, …

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Permanent link to this article: http://www.easttexasreview.com/paperwork-after-tax-filing-season/

Apr 17 2012

Should you adjust your tax withholding?

By Jason Alderman Now that tax day has passed, chances are you’re either waiting patiently for your 2011 tax refund to arrive, it’s already been spent, or you just wrote the U.S. Treasury a check and are in budget-cutting mode. It’s difficult to calculate exactly how much you’ll owe in taxes unless your income and …

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Permanent link to this article: http://www.easttexasreview.com/should-you-adjust-your-tax-withholding/

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