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Four Credits That Can Pay You at Tax Time
You might be eligible for a valuable tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable, which means you might receive a refund rather than owe any taxes at all. Here are four popular tax credits you should...
House Repeals 1099 Reporting Requirementshttp://ping.fm/7zTnp
House Repeals 1099 Reporting Requirements
Washington, D.C. - The House approved a repeal of the expanded 1099 information reporting requirements by a vote of 314-112 on Thursday.The bill, H.R. 4, “"The Small Business Paperwork Mandate Elimination Act of 2011,” introduced by Rep. Dan Lungren, R-Calif., would...
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Did you Take an Early Distribution from Your Retirement Plan?
Some taxpayers may have needed to take an early distribution from their retirement plan last year. The IRS wants individuals who took an early distribution to know that there can be a tax impact to tapping your retirement fund. Here are ten facts about early...
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