By Terry Savage Consider this news to be another step in the Tax Accountants Full Employment Act. The latest change in the tax law: The “Kiddie Tax” now applies to much older kids! The new tax law puts a crimp in the plans of wealthy parents who had planned to gift highly appreciated stocks …
Tag Archive: tax
Permanent link to this article: http://www.easttexasreview.com/understanding-the-kiddie-tax/
Jan 11
Tax deadline extended April 17
The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds. Taxpayers will have until Tuesday, April 17 to file their 2011 …
Permanent link to this article: http://www.easttexasreview.com/tax-deadline-extended-april-17/
Dec 15
City sales tax figures up
Information from the Texas Comptroller indicates that City of Tyler sales tax revenues deposited for the month of December have increased 5.34 percent as compared to December 2010, resulting in a 2.46 percent cumulative year-to-date increase. The reported revenue of $2,538,703 is comprised of $1,692,468.93 general sales tax revenue and $846,234 half-cent sales tax revenue. …
Permanent link to this article: http://www.easttexasreview.com/city-sales-tax-figures-up-2/
Nov 30
Deadline nears
By Jason Alderman Reaching your 70th birthday is cause for celebration. But thanks to our quirky tax code, a potentially more important milestone arrives six months later. IRS rules say that you must begin taking required minimum distributions (RMDs) from your IRAs and other tax-deferred retirement accounts beginning in the year you reach age 70 …
Permanent link to this article: http://www.easttexasreview.com/deadline-nears/
Nov 16
Tax tips for holiday charitable giving
The spirit of giving seems to grow during the holiday season, and many donations are made to charitable causes at this special time of year. The IRS reminded taxpayers today to keep some important points in mind when making donations with the expectation of deducting them on a federal tax return. You can deduct donations …
Permanent link to this article: http://www.easttexasreview.com/tax-tips-for-holiday-charitable-giving-2/
Nov 16
Tax deadline looms
By Jason Alderman Each year, roughly one-third of American households itemize deductions on their federal income taxes. If you’re among that group, there are a several important actions you need to take by year’s end in order to take full advantage of available deductions. For example, by December 31 you must pay for any uninsured …
Permanent link to this article: http://www.easttexasreview.com/tax-deadline-looms/
Nov 03
State tax assistance
Understanding state tax responsibilities can be a daunting task for business owners. As the owner of a ranch operation herself, Texas Comptroller Susan Combs knows the unique challenges facing business owners and is committed to providing resources to assist in success. During the month of November, the Comptroller’s office will conduct six free taxpayer seminars …
Permanent link to this article: http://www.easttexasreview.com/state-tax-assistance/
Nov 01
Tax Wall Street to heal America
The nation’s nurses are calling for a tax on financial transactions to begin raising the revenue needed to fix the nation’s growing social crisis. By Deborah Burger National Nurses United, America’s largest union of RNs, is sounding an alarm. We’ve organized rallies in New York, Boston, Washington, Los Angeles, Chicago, San Francisco, and Las Vegas, …
Permanent link to this article: http://www.easttexasreview.com/tax-wall-street-to-heal-america/