Tax Time Tips
It’s that time of the year again, the income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier. Here are the Internal Revenue Service’s top tips that will help your tax filing process run smoother than ever this year.
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IRS Warns Congress Tax Season Might Be Delayed until March or Later without AMT Patch
IRS Acting Commissioner Steven T. Miller warned Congress on Wednesday that if lawmakers fail to extend the traditional alternative minimum tax patch, up to 100 million American taxpayers could be affected, and most taxpayers might not be able to file their tax returns until late March 2013 or later. Read More...
Boehner to Introduce "Plan B" Solution to Fiscal Cliff, Raising Taxes on Millionaires
Speaker of the House John Boehner, R-Ohio, said Tuesday that House Republicans would introduce a bill to raise tax rates for millionaires as a "Plan B" in case his negotiations with President Obama on averting the fiscal cliff fail to produce an agreement. .....Read More