Connect with Us
Twitter - @EDavisCPA
- At Sam & Louie's checking out the #GlutenFree pizza.
- @JustBeadiful I understand, not knowing how to make it better is the worst feeling.
Economy
7 Things to know about the Taxpayer Advocate Service
IRS Summertime Tax Tip 2010-10
The Taxpayer Advocate Service is an independent organization within the Internal Revenue Service. TAS helps taxpayers who are experiencing economic harm such as not being able to provide necessities like housing, transportation, or food, taxpayers who are seeking help in resolving problems with the IRS, and those who believe an [...]
Five Facts about the Making Work Pay Tax Credit
IRS Summertime Tax Tip 2010-06
This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers.
Eligible self-employed taxpayers can benefit from the credit by evaluating their expected income tax liability and, if [...]
News You Can Use June 25, 2010
This Week in News & Information:
Prisoners Cashed in on Homebuyer Tax Credit More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday.
Give Your Laptop Superpowers These 15 great software and hardware updates [...]
News You Can Use June 18, 2010
This Week in News & Information:
15 Most Hated Fees Stand up to the pesky charges – from checked-bag costs to retirement plan expenses – that bug you the most.
Say Goodbye to Checks: Peer-to-Peer Payments Small business owners and their customers no longer have to rely on checks to make and accept payments [...]
News You Can Use June 11, 2010
This Week in News & Information:
Homebuyers could get more time for tax credit First-time homebuyers looking to land an $8,000 federal income tax credit may have a little more time to close on their purchases if a Senate amendment unveiled Thursday makes it into law.
Five True Tales From A Tax Lawyer Tax law [...]
News You Can Use June 4, 2010
This Week in News & Information:
Banks should ramp up small-business lending, Bernanke says Federal Reserve Chairman Ben Bernanke urged banks to help the economic recovery by stepping up their lending to small businesses.
Obama: Pass $30B small business plan ASAP President Barack Obama called on Tuesday for Congress to pass a $30 billion [...]
News You Can Use May 28, 2010
This Week in News & Information:
Health-Reform Costs Become Clearer Piece by piece, CFOs are getting a clearer understanding of how health-care reform will affect their costs. According to a recent survey by Mercer, 41% of companies expect to see their annual costs increase by 2% or less when the Patient Protection and Affordable Care [...]
Tax rates
Dennis Cauchos wrote an interesting article for USA TODAY. Analysis of federal income tax data done by USA TODAY shows that “Tax bills in 2009 at lowest level since 1950″. The article points out that taxes paid have fallen much faster than income in this recession. Personal income fell 2% last year. [...]
News You Can Use Apr 30, 2010
This Week in News & Information:
JPMorgan to Cease Tax Refund Loans to Paid Preparers The move by the second-largest U.S. bank follows recent criticism of such loans by consumer groups concerned that high U.S. unemployment is forcing more people to borrow short-term at high rates.
The Beginner’s Guide to PC Backup You know [...]
News You Can Use Roundup Apr 23, 2010
This Week in News & Information:
How Facebook Plans to Dominate the Web It’s not just social networking anymore; it’s social domination.
$100 Bill Gets Facelift to Fight Fakes The Treasury Department unveiled what it calls “the next generation one hundred,” a redesigned $100 bank note to stay ahead of counterfeiters. The new [...]