A new ruling has declared tax breaks for same sex marriages since they will now receive equality across the entire nation.The Defense of Marriage Act (DOMA), enacted by Bill Clinton in 1996, was terminated this summer. This act, which allowed same-sex couples to receive the same tax benefits as heterosexual couples, was recently repealed by a… Continue reading →
News
Small Businesses May Owe Back Taxes In California
A court ruling from December of 2012 could result in many small business investors in California owing large sums of money in back taxes from a practice now deemed unconstitutional. Five years ago many small business investors in California were promised a tax break. The investors were told that if they invested in specific types… Continue reading →
Top Earners Not to Retire?
The American dream used to be to get rich young and retire by the age of 40. However, the results of a recent survey by the Spectrem Group indicate that the current goal for many wealthy Americans is to work past the age of 70. This survey revealed that America’s uppermost wage earners do not… Continue reading →
Celebrity Back Tax Problems and Other Summer Tax Fun!
It is very common to read about a celebrity or affluent person who owes the IRS a large amount of money in back taxes. Believe it or not, some people have even taunted the IRS on social media pages in regards to stealing and defrauding the government. Here are some hot stories in the news… Continue reading →
New Tax Laws and Same Sex Marriage Ruling
The Supreme Court recently declared the Defense of Marriage Act unconstitutional. This means that, in some states, same-sex couples who are legally married can now receive the same Social Security, retirement and health care benefits that have long been available to heterosexual couples. The ruling could even lead to a check from Uncle Sam for… Continue reading →
Tax Day Freebies!
April 15, 2013 is here and upon us! If you have already filed your taxes you can breathe a deep breath and take advantage of the following offers. If you still are in the process of filing your taxes, you only have a few more hours to go. Or you can always file for an… Continue reading →
