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Cheerfulness and Good Health
March 5th, 2010 byA merry heart doeth good like a medicine: but a broken spirit drieth the bones. – Proverbs 17:22
Stay positive!
Read the whole chapter Proverb 17
IRS Wins 48-Month Suspension of a Lawyer
March 4th, 2010 byWASHINGTON — Massachusetts Tax Attorney Kevin Kilduff was barred from practicing before the Internal Revenue Service for 48 months for failing to file one federal tax return and for filing another five returns late.
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Natural Remedy for Stress and Anxiety
February 25th, 2010 byDid you know that Ashwagandha can reduce stress, restore energy, fatigue, and enhance restful sleep and mental clarity?
So What is Ashwagandha? Read more …
Banks Apply Pressure to Keep Fees Rolling In
February 23rd, 2010 byAs the government cracks down on overdraft fees, banks are mounting an aggressive campaign aimed at retaining billions of dollars in penalty income.
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10 Facts About Capital Gains and Losses
February 19th, 2010 byFrom IRS
IRS Tax Tip 2010-35 , Feb. 19, 2010
Have you heard of capital gains and losses? If not, you may want to read up on them because they might have an impact on your tax return. The IRS wants you to know these ten facts about gains and losses and how they could affect your tax situation. Read more …
Top Ten Facts – Early Distributions from Retirement Plans
February 17th, 2010 byFrom IRS
IRS Tax Tip 2010-32, Feb. 16, 2010
Some taxpayers may have needed to take an early distribution from their retirement plan last year. The IRS wants individuals who took an early distribution to know that there can be a tax impact to tapping your retirement fund. Here are ten facts about early distributions. Read more …
IRS Suspends Tax Practitioner for Preparing False Tax Returns
February 9th, 2010 byFrom IRS
IR-2010-019, Feb. 5, 2010
WASHINGTON — A Certified Public Accountant has been suspended for twelve months from practice before the Internal Revenue Service by the Office of Professional Responsibility for providing false or misleading information in connection with the preparation of his clients’ tax returns.
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10 Important Facts -Extended First-Time Homebuyer Credit
February 4th, 2010 byFrom IRS
IRS Special Edition Tax Tip 2009-13
If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies.
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Haiti Relief Donations Qualify for Immediate Tax Relief
February 4th, 2010 byFrom IRS
IR-2010-12, Jan. 25, 2010
WASHINGTON — People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return they are completing this season, according to the Internal Revenue Service.
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Tax court allows deduction for woman’s sex change
February 2nd, 2010 byBy DENISE LAVOIE
AP Legal Affairs Writer
BOSTON — The U.S. Tax Court ruled Tuesday that a Massachusetts woman should be allowed to deduct the costs of her sex-change operation, a decision that could have broad implications for transgender people.
Rhiannon O’Donnabhain (oh-DON’-oh-vin), who was born a man, sued the Internal Revenue Service after the agency rejected a $5,000 deduction for approximately $25,000 in medical expenses associated with the sex-change surgery.
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