The FairTax ensures that everyone earning above the poverty level would pay federal taxes. Loopholes would not exist and Social Security and Medicare funding would be ensured.

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Everyone knows tax increases are coming.

But a Wall Street Journal editorial explains that these hikes will be bigger than expected, with taxes on dividends nearly tripling.

Last week, the Senate Budget Committee passed a fiscal 2011 budget that includes a 164 percent increase in the top dividend tax rate to 39.6 percent from 15 percent now.

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The measure, which is expected to be signed by Gov. Arnold Schwarzenegger, would waive state taxes on mortgage debt that has been forgiven in a foreclosure or short sale.

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APRIL 15 IS TAX DAY. I am not a single issue voter. I’m a registered Independent at the DMV. I am not prepared to give an unfair and growing amount of my earnings to the Federal Government. I want to put the IRS out of business with THE FAIR TAX!
Let’s get HR 25, S 296 respectfully called upon by the Ways and Means Committee to conduct a fair, open public hearing, allotting 50% of the time each to the proponents and opponents on or about Tax Day April 15, 2010, and then send H. R. 25 to a vote of the entire House of Representatives.

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IRS issues new guidelines on obtaining home buyer tax credits The Internal Revenue Service (IRS) recently issued new guidelines and clarified documentation that taxpayers must submit to successfully obtain the federal tax credit for home buyers. MAKING SENSE OF THE STORY FOR CONSUMERS The federal tax credit for home buyers was extended and expanded late [...]

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With all the rules now available, here’s the action message to potential tax-credit seekers: Speed up your search for the house you want to buy. Get moving. There are only 14 weeks to sign a contract and just five months to go to closing.

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Spurred on by the federal government’s economic recovery efforts, there have been numerous changes to the federal tax law for 2009 and 2010. Here’s what your small business needs to know now to take advantage of this year’s expiring rules and what it needs to keep in mind for next year.

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It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

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