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Tag Archives: Tom Herman
IRS Eases Up on Homeowners
WSJ Tax article ————————————————————————————— IRS Eases Up on Homeowners By TOM HERMAN IRS officials say they are speeding up efforts to provide relief for homeowners in financial distress. The Internal Revenue Service has developed an “expedited process” to make it … Continue reading
Posted in Business & Economics
Tagged Federal taxes, IRS, Tom Herman, Wall Street Journal
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Year-End Strategies to Trim Your Taxes
WSJ Tax article —————————————————————— Year-End Strategies to Trim Your Taxes DECEMBER 3, 2008 By TOM HERMAN ‘Tis the season to make last-minute tax-saving moves. Just don’t automatically repeat everything you’ve done in past years. Because of several tax-law changes and … Continue reading
New York Sting Nabs Tax Preparers
WSJ Tax article —————————————————————— New York Sting Nabs Tax Preparers NOVEMBER 26, 2008, 12:06 A.M. ET By TOM HERMAN New York State tax officials say they have uncovered evidence of significant fraud among professional tax-return preparers in a statewide sting … Continue reading
Feds Rethink Rules on Retirement Savings
WSJ Tax article —————————————————————— Feds Rethink Rules on Retirement Savings NOVEMBER 19, 2008 By TOM HERMAN Amid growing concern over the stock market’s severe drop, government officials are considering last-minute relief from rules requiring millions of Americans who are 70½ … Continue reading
Fund Investors Face Risk of Tax Hit Despite Losses
WSJ Tax article —————————————————————— Fund Investors Face Risk of Tax Hit Despite Losses Many Managers Are Planning Capital-Gains Distributions Before the End of This Year OCTOBER 22, 2008 By TOM HERMAN For most mutual-fund investors, it’s been an abysmal year. … Continue reading
Individual Taxes Under McCain or Obama — P1
While the chart [below] of their plans appear mostly similar, they differ in the following ways: Sen. McCain wants to permanently extend the current federal income-tax rates. Sen. Obama would increase the top ordinary income-tax rate, now 35%, to 39.6% … Continue reading
Posted in Current Affairs & History
Tagged Federal taxes, Tom Herman, Wall Street Journal
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Why inflation means relief for taxpayers
WSJ Tax article —————————————————————— Why Inflation Means Relief For Taxpayers Adjustments to Exemptions, Brackets for 2009 Will Benefit High-Income Filers the Most SEPTEMBER 17, 2008 By TOM HERMAN No matter who wins the White House, most taxpayers can look forward … Continue reading
Think you’re a trader? IRS may disagree
WSJ Tax article —————————————————————— Think You’re A Trader? IRS May Disagree SEPTEMBER 3, 2008 By TOM HERMAN Even if you make hundreds of stock-market trades a year, that doesn’t automatically make you a trader — at least in the eyes … Continue reading
How AMT confuses taxpayers
WSJ Tax article —————————————————————— How AMT Confuses Taxpayers AUGUST 13, 2008 By TOM HERMAN If you’re confused by the alternative minimum tax, you have lots of company. A new Treasury Department report says about 226,000 federal income-tax returns filed in … Continue reading
Posted in Business & Economics
Tagged Accounting, Federal taxes, Tom Herman, Wall Street Journal
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House-hoppers may suffer
WSJ Tax article —————————————————————— House-Hoppers May Suffer Under New Tax Rules Housing Package Makes It Harder To Exclude Gains AUGUST 6, 2008 By TOM HERMAN Life is getting tougher for some people who own more than one home. Part of … Continue reading
Posted in Financial Planning
Tagged Accounting, Federal taxes, IRS, Tom Herman, Wall Street Journal
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