Tag Archives: Barack Obama

H&R Block Backs Voluntary Tax Certification Program

H&R Block Inc. has taken the forefront to elevate industry standards in tax preparation by supporting a new voluntary certification program initiated by the Internal Revenue Service.

Tax preparers who voluntarily enroll in continuing education courses covering basic tax filings, tax updates, ethic of tax preparation and other related issues will now receive a record of completion noting their efforts. The purpose of the IRS program is to help taxpayers find qualified individuals to prepare tax returns and to help them avoid unethical practices. A study indicating that 42 million Americans have used a tax preparer with no credentials … Read more at 2008 Taxes.

Tax Carnival Ecstasy – April 10, 2013

English: Rep. Greenwood receives the "Her...

English: Rep. Greenwood receives the “Hero of the Taxpayer” Award from Americans for Tax Reform. (Photo credit: Wikipedia)

Welcome to the April 10, 2013 edition of Tax Carnival Ecstasy. We start this edition with a post from Dominic Mondal on Securing your Pension Plan by Investing in Self Managed Super Funds. Bill Smith takes a look at the U.S. tax reform and the effect of a decrease in the tax code’s bias for debt. John Schmoll has 4 Ways to Make Filing Taxes Easier from the Frugal Rules blog. And finally Edward Webber presents The New Tax Code for 2013-2014. … Read more at 2008 Taxes.

Gay Marriage Increases Federal Tax Headaches

Federal Tax Headaches

Federal Tax Headaches

The advent of a new era in our nation’s history brings with it more than gay marriage acceptance; we are witnessing the dawn of a new era of federal tax headaches.  Tax law for same-sex married couples is more complicated than that of their heterosexual counterparts, creating a need for consultation that was not needed before marriage.  Couples in this situation may find taking their taxes to an institution to be beneficial, especially considering many of them offer free federal tax filing.

Due to the 1996 Defense of Marriage ACT (DOMA), same sex marriages cannot be … Read more at 2008 Taxes.

Taxing the Sin of Luxury

Tax Act

The luxury tax and it’s close relative the sin tax are concepts that are up for debate. Depending on which economist you speak to you will get a wide range of opinions on whether this type of tax is helpful or hurtful to the economy. The luxury tax pretty much affects only the wealthy (i.e. those who can afford to buy luxury items) and consist of a tax that is applied to goods that are deemed unnecessary or nonessential. The sin tax applies to things can be seen as extreme, sinful and unnecessary to the individual and to society, like … Read more at 2008 Taxes.

Tax Advice for Newly Weds

Tax Act

The Internal Revenue Service (IRS) offers useful tips for newlyweds when it comes to filing tax returns.  In many cases, filing a joint return may allow for more savings but taking time to review whether or not you should file separately, will help both parties determine the best option.  There are several factors to keep in mind that will help minimize mistakes which could delay the processing of your return.

  • Determine which filing status to file and discuss whether or not to change your filing status.  Many are comfortable in continuing to file separately after marriage.
  • Make sure names
Read more at 2008 Taxes.