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I've long used TurboTax online for my federal taxes, and each year I search for the best TurboTax discount. The last two years the best deal has been from State Farm. However, this year only State...
The low interest rate environment we're in makes it a good time to transfer wealth to heirs via loans or more arcane financial structures with names like SCINs, GRATs and IDGTs.
Taxing financial transactions on Wall Street is gathering support in high places. Supporters say it could raise billions and curb frequent trading. Many economists warn of the unintended...
Congress, looking for sources of revenue, happened upon an extraordinary loophole enjoyed by the extraordinarily rich private equity and hedge fund managers, effectively allowing these managers to...
The IRS and Treasury department have rolled out a number of updated and streamlined 401K and IRA rules under the guidance of the Obama administration. These are .....
It's a sure thing that taxes are going to increase in 2011. As a result, it may no longer make sense to defer capital gains. If you have an investment you've been thinking of selling, now may be a...
The House today voted to extend the existing estate tax. It was due to expire in 2010 but then return in 2011 at an even higher rate than before.
Estates are currently taxed at 45% for any...
With 2009 just around the corner, it is time for taxpayers to start taking some year-end actions with their finances to get the best outcome on their 2008 taxes.Here are some of the top tips to...
The Republican candidate is fairly conservative - except when it comes to an ambitious plan for scrapping the IRS.
The Fair Tax is basically a sales tax combined with rebates that that will...
With a $10 trillion national debt and record budget deficits, the U.S. government may be forced to implement a European-Style VAT tax to pick up the slack.
Countrywide announced today it had received $12 billion in credit financing, helping it avert any kind of liquidity crunch. The market responded positively.