“Investors love dividends,” and that, experts say, is one reason many Americans are showing deep support for a permanent dividend tax cut. According to results of a spot survey sponsored by Eaton Vance Corporation in March, seven in ten (70 percent) Americans polled agree that the current tax cut established by the 2003 Tax Act should remain. These sentiments closely…
Tag: Tax
Tax Deductions For Your 2005 Hybrid Automobile
With the recent push by President Bush for alternative fuel strategies, much confusion has arisen regarding tax incentives for hybrid vehicles. This article clarifies the issue for you. Tax Deductions for Your 2005 Hybrid Automobile People buy hybrid vehicles for different reason. They are good for the environment. They get much better mileage, which saves money. There are tax incentives…
Tax Preparation And Electronic Tax Preparation Options
Just in time for tax season you will find yourself presented with this years editions of popular tax preparation programs that promise to make tax filing a breeze for the average person. Which one is right for you and what are some of the most popular electronic tax filing solutions? Read on as we discuss your tax preparation options and…
How To Remove A Personalised Number Plate From Your Car
When it comes time to remove your personalised number plate so the car displaying it can be sold or traded against another or even scrapped you basically have two options.Before explaining these it is worthwhile pointing out that if you are trading in your car against another at a car dealership the car dealer will most likely be able to…
Year End Investment Ideas And Tax Strategies
First thing Monday morning I’m going to march into my boss’s office and demand a pay cut so that I’ll be in a lower tax bracket next year. Of course that’s ridiculous, but isn’t it about the same as the financial community’s “Conventional Wisdom” (CW) for year-end tax planning? What about the long-term nature of investing, or the merits of…
Home Appreciation And Capital Gains
The last seven years has seen tremendous appreciation in home prices. This brings up the issue of home capital gains tax issues for people when they sell. Home Appreciation and Capital Gains Owning home is considered part of the American Dream. Unless you are extremely unlucky, homeownership leads to tremendous wealth building. You simply sit in your home, make the…
Go Green And Save On Your Lease
Hybrid vehicles’ popularity has sharply grown from a couple of thousands in early 2000 to close to 300, 000 by the end of 2005. The trend is rapidly catching with the auto-leasing industry with generous tax credits and incentives on offer if you go green. Beginning in 2006, businesses and taxpayers who lease, or purchase, an environmentally-friendly and fuel-efficient vehicle…
Write Off Bad Business Debts On Your Taxes
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off bad debt losses if it…
Is Running A Home Business All That And A Bag Of Chips
Of course it is! Running a home business is one of the great ways a person with little or no business experience can build a great financial future for themselves and their family. Think about it for a small fee you can become licensed to sell a product and receive all the advantages big corporate businesses have. That is what…
Corporations Failing To Claim Amt Exemption Overpay Taxes By 11 000
Does your incorporated business pay alternative minimum tax [“AMT]? If so, there is a 93% chance you have been overpaying your taxes by an average of $11,000 a year according to the Treasury Inspector General. The Office of the Treasury Inspector General for Tax Administration was created in 1999 to oversee the IRS. One of the duties of the Treasury…