ComproTax Talks!

By THE ASSOCIATED PRESS
Published: March 3, 2010

Filed at 6:28 p.m. ET
NEW YORK (AP) — You bought a car last year and that monthly payment is causing pangs of buyer’s remorse. Take heart — that new car could lead you to a refund this tax season.
That’s because taxpayers who bought new vehicles in 2009 are eligible [...]

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The U.S. Tax Court has issued a decision that could benefit some members of the transgender and transsexual communities at tax time, with the potential for an even more significant impact on trans medical care in general.
The Gay & Lesbian Advocates & Defenders (GLAD) reports that the Court handed down a ruling on February 2, 2010, [...]

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Tips for the Finance-Savvy, Tax-Sexy Business Owner
By Barbara Mannino
- FOXBusiness

Here are tips for how to live your dream and not let it turn into a financial nightmare from credit-and-debt management expert Clarky Davis, tax-specialist and author of The Tax Lady’s Guide to Beating the IRS: And Saving Big Bucks on Your Taxes Roni Deutch [...]

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business-tax deductions for putting out Ask Your Doctor advertising.
The U.S. and New Zealand are the only two countries in the world that allow direct-to-consumer advertising of prescription drugs. Critics of drug ads say they drive up health care costs by encouraging people to ask their doctors for specific drugs, instead of letting the doctor choose the most [...]

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S.C. lawmakers split on tax credits for pets
By Roddie Burris - McClatchy Newspapers

In South Carolina, roughly 900,000 people own a family pet, and about 360,000 of those households have two to three pets.
In the nation’s capital, where $12.1 trillion of national debt looms and Democratic President Obama’s projected 2010 budget shortfall is expected to hit [...]

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The Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the economic recovery law.
The American Recovery and Reinvestment Act, enacted in February, created, extended or expanded a variety of business tax deductions and credits.
Because some of these changes — the bonus depreciation and increased Section 179 deduction, [...]

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By Consumer Reports

Note: Consumer Reports has no relationship with the advertisers on this site.
Donating your clunker to snag a tax deduction seems easy. A parade of charities and third-party companies advertise that they’ll pick up your old car, hassle-free, in return for potential savings on your Form 1040. But the IRS has tightened

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In order to minimize your tax bill and maximize your tax refund, you need to make sure to take advantage of every deduction and credit you’re entitled to. To make this a little easier for you, we’ve highlighted 5 deductions that most taxpayers are entitled to take, but often overlook when filing their tax returns.
State [...]

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By Ron DaParma and Sam Spatter
TRIBUNE-REVIEW
Thursday, March 5, 2009

Buzz up!

The Obama administration’s proposal to cut the mortgage-interest tax deduction for higher-income homeowners is getting bad reviews from the real estate industry.
Hundreds of dollars in tax breaks that help stimulate housing sales are at stake, and that’s not good for an already-depressed market, [...]

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By Neil Blicher/Personal Finance
Wed Mar 04, 2009, 01:02 PM EST

SUDBURY - Entrepreneurs, small business owners, and those who work at home may be considering utilizing the home office deduction when they file their taxes this year. This deduction can be advantageous, but there are several requirements that must be met before you can claim it [...]

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