Taxes

  • Employees, Taxes, and Insurance - Oh My!

    Employees, Taxes, and Insurance - Oh My!

    The expenses of running a small business, with New Jersey's Cleaning Diva

    Not everyone considers the hefty fees involved in running a small business, from workers' compensation to business insurance to bonding. Continue Reading

  • Harvard Makes 11,000 Employees Pay Too Much In Taxes

    Harvard Makes 11,000 Employees Pay Too Much In Taxes

    How do you say 'ouch' in academic?

    Harvard told 11,000 employees that the university had mistakenly over-reported and withheld a collective $20,000 in federal income taxes, up to $4,000 for some. Continue Reading

  • 92-Year-Old Who Sold 'Suicide Kits' To Be Sentenced For Failing To File Taxes

    92-Year-Old Who Sold 'Suicide Kits' To Be Sentenced For Failing To File Taxes

    SAN DIEGO -- A 92-year-old woman who sold $40 kits for people to kill themselves faces sentencing in San Diego for failing to file federal tax returns. Sharlotte Hydorn faces a maximum term of one year in prison when she is sentenced Monday by U.S. Magistrate Judge Bernard Skomal. Continue Reading

  • Accountant: Tax Season's Hottest Job

    Accountant: Tax Season's Hottest Job

    This article originally appeared on OnlineDegrees.com By Maryalene LaPonsie Benjamin Franklin summed up two things that remain constant in life: Death and taxes. But while there's no way to avoid death, a skilled accountant can hunt for every legal deduction and credit available to lower your tax bill,... Continue Reading

  • 9 Tax-Time Tips For Consultants And Contract Employees

    9 Tax-Time Tips For Consultants And Contract Employees

    By Justin Thompson Tax season is upon us, with less than two months to go until the April 17th deadline. Last year at this time I was a contract employee, and I remember the hassle of having to go through my taxes. I didn't know what I was getting myself into, but I did listen to my mother's sage advice... Continue Reading

  • Why Is Investment Income Taxed Less Than Wages?

    Why Is Investment Income Taxed Less Than Wages?

    By Stephen Ohlemacher WASHINGTON (AP) -- Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long treated investment more favorably than labor, seeing it... Continue Reading

  • All 2011 Unemployment Insurance Benefits Taxable

    All 2011 Unemployment Insurance Benefits Taxable

    By Carole Feldman The jobless rate is dipping, but millions of people are still out of work. And that could have implications when they file their income tax returns. Collecting unemployment insurance benefits? All that you received in 2011 is taxed as income. Unless you requested that federal taxes be... Continue Reading

  • Obama To Take Jobs Sales Pitch To North Carolina

    Obama To Take Jobs Sales Pitch To North Carolina

    WASHINGTON (AP) -- President Barack Obama is pitching his jobs plan in North Carolina, visiting a business that the White House says would benefit from the proposals he's been pressing Congress to pass right away. Continue Reading

  • Pope Under Fire From Jobless Spanish Youth

    Pope Under Fire From Jobless Spanish Youth

    When Pope Benedict XVI landed in Madrid on Thursday, the conversation focused more on the economy than the spirit. His visit is for the Catholic Church's World Youth Day, but it's taken on a weightier significance in a country with over 20 percent unemployment -- the highest in ailing Europe -- and with nearly... Continue Reading

  • Top 10 Work-Related Tax Write-Offs

    Top 10 Work-Related Tax Write-Offs

    Whether employee or business owner, most working adults are eligible to deduct at least some work-related expenses on their tax return. Been making coffee runs in your personal vehicle for the boss? Spending a lot of time doing your work out of a home office? Unemployed and putting money into resumes and... Continue Reading

  • Unemployment and Taxes: Do You Know What's Deductable?

    Unemployment and Taxes: Do You Know What's Deductable?

    The good news: if you were unemployed during 2010 you're probably eligible for additonal tax breaks and deductions when you file your taxes in April. The bad news: if you're like most people you have no idea what those tax breaks and deductions are, and could miss out on deductions or make mistakses, if you... Continue Reading

  • Tax Loophole Creates Limo  Town

    Tax Loophole Creates Limo Town

    It just might be easier to get a limo ride in the remote Indian town of Ludhiana than it is in New York City or Las Vegas. The village, with it's dusty streets and free-roaming animals, is bursting at the seams with limousines. So far nearly 400 drivers have set up shop because of a local law that exempts owners... Continue Reading