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Tag: Irs

IRS Lets Firms Tap Cash Overseas

The Internal Revenue Service significantly relaxed the rules governing how U.S. corporations can repatriate cash parked overseas, in yet another government move to ease the credit crisis.
The ruling, issued late Friday, allows companies to bring back money for months at a time without incurring the 35% corporate income tax they normally would owe.

The move could [...]

Still Haven’t Filed a Return?

Another April 15 has come and gone, and millions of taxpayers still haven’t filed their tax returns.
About 10.3 million Americans were expected to file for automatic six-month extensions this year, up from 10 million last year, according to Internal Revenue Service estimates earlier this year. But some people didn’t even bother getting an extension.
Whatever the [...]

8 Types of Income the IRS Can’t Touch

Don’t overpay taxes on income that’s protected by the U.S. tax code. Here are the major categories to watch, including five types of raises that don’t add a dime to your taxable income. 
Want to keep the tax man away from your money? It’s easier than you think. There are lots of ways to increase your [...]

Do Taxes Yourself Or Hire a Pro?

Do you look forward to your annual tax-filing duties? The truth is that Americans universally dread the task. Just how much anxiety it evokes might depend on how you decide to complete your filing responsibilities.
You basically have two choices: Do your taxes yourself or turn the task over to a professional. But even if you [...]

Tax Attorney Roni Deutch Analyzes Proposed Tax Laws in New Featured Blog

Tax attorney Roni Deutch launched her blog www.RonisBlog.com in November 2006, where she posts daily blog entries on both tax topics and other topics of interest including baseball, surfing, and Hawaii. In her first featured blog entry Roni addresses a new proposal included in the President’s 2008 budget as a way to reduce the gap [...]