Tony Pugh
McClatchy Newspapers
Jan. 24, 2008 12:00 AM
WASHINGTON - As Congress and the White House craft an economic-stimulus package, there is growing concern that it can’t be enacted and implemented quickly enough to forestall a recession.
President Bush is calling for an estimated $140 billion stimulus package that includes one-time tax rebates to spur immediate spending and [...]
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If You’ve Received Your W-2s, It’s Time To Start Your Taxes
January 20, 2008
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By NICHOLAS CONFESSORE
Published: January 18, 2008
New York officials filed civil complaints on Thursday against two tax preparation firms that offer high-interest loans against income-tax refunds, saying the companies had aimed the loans at low-income black and Hispanic families and military families in violation of state antidiscrimination laws.
The two firms, Jackson Hewitt [...]
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WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations and a related revenue procedure giving taxpayers greater protection and control over their tax return information held by tax return preparers. Treasury and the IRS also issued a separate request for public comment on a proposal to restrict the marketing of [...]
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Posted in Industry News on Jan 3rd, 2008 No Comments »
Filing Season Opens on Time Except for Certain Taxpayers Potentially Affected by AMT Patch
IR-2007-209, Dec. 27, 2007
WASHINGTON — The Internal Revenue Service announced today that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax “patch.”
Following extensive work in recent [...]
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Millions of Americans have escaped the clutches of the “millionaire’s tax” again, but will have to wait for tax refunds if they file early because Congress was slow to make an annual tax fix, Rep. Roy Bunt said Wednesday.Each year, Congress approves a “patch” that spares millions of middle-class taxpayers from the alternative minimum tax, [...]
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Posted in Industry News on Dec 29th, 2007 No Comments »
It’s going to be a blue Christmas for Democrats in Congress–but not for some 20 million taxpayers who narrowly escaped being ensnared by the alternative minimum tax (AMT) this year.
Before closing up shop for 2007, the House of Representatives Wednesday abandoned its strict budgetary rules, voting 352-64 to keep the AMT from rippling across America’s [...]
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Posted in Industry News on Dec 29th, 2007 No Comments »
(CNSNews.com) - If Americans face delays in the getting their tax refunds this year, Democratic leaders want them to blame the Bush administration — even though the Democrat-led Congress caused the problem.
In a letter to President Bush on Thursday, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid urged him “to make every effort [...]
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NEW YORK, Dec. 17 /PRNewswire-FirstCall/ — Bankrate, Inc. today published the findings of a national poll which found that sixty percent of Americans think the tax system is skewed to benefit the rich. Furthermore, three in ten Americans disclosed that they feel clueless about tax preparation and planning. Bankrate released the poll results in the [...]
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Posted in Industry News on Dec 29th, 2007 No Comments »
Wednesday, December 19, 2007
There are good reasons why Congress’ approval ratings keep dropping.
Comment on this story
The inability to fix problems important to the American people remains the biggest reason for public disapproval of Congress.
A case in point would be the ongoing mess that Congress has allowed to develop over the alternative minimum tax approved by [...]
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