Buffett Gets It Wrong On Tax Benefits, Income Gap
Self-made billionaire Warren Buffett is the third wealthiest person in the world, according to Forbes. His net worth is $71.6 billion. He’s probably made a few million in the time that it took for me...
View ArticleFix The Tax Code Friday: What Should We Do About The Earned Income Tax Credit...
Warren Buffett was in the news again for suggesting that rather than raise the minimum wage, we should tackle the income gap through tax policy. Specifically, Buffett recommended modifying (likely...
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2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the...
View ArticleFix The Tax Code Friday: Tightening Up The EITC
It’s Fix The Tax Code Friday! Donald Trump ruffled some feathers in Kansas City when he suggested that what he wanted most in terms of tax reform was: I want to put H&R Block out of business. I...
View ArticleHere’s Why Your Tax Refund Might Be Delayed
Taxpayers are already making noise about delayed tax refunds in 2017 - and tax season just opened. However, not all of the information that is being shared about the delay is correct. Here's what you...
View ArticleIRS: Delayed Tax Refunds Should Be Arriving Soon
The Internal Revenue Service (IRS) has announced that tax refunds for taxpayers who claimed the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) should begin arriving in bank...
View ArticleTaxes From A To Z (2019): E Is For Earned Income Tax Credit (EITC)
It’s my annual “Taxes from A to Z” series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under...
View ArticleGovernment Settles With Liberty Tax
The Justice Department has announced a settlement with Franchise Group Intermediate L 1 LLC, (Liberty), the national franchisor and owner of Liberty Tax Service stores. The settlement, if approved by...
View Article8 Things That Aren’t True About The Earned Income Tax Credit (EITC)
We’ve made it through the first week of the tax filing season! With some tax returns are already on the way for processing, the Internal Revenue Service (IRS) is reminding taxpayers not to forget about...
View ArticleMultimillion-Dollar Tax Fraud Scheme Used Info Stolen From Kids (You Won't...
Remember that “13 Investigates: IRS tax loophole” video that went viral? This one? People went nuts about this supposed loophole that allowed tax credits for The post Multimillion-Dollar Tax Fraud...
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