There’s yet another congressional committee hearing into the I-R-S fiasco going on today in Washington, the third in the past four workdays.
So what can you deduct if you are self-employed? A lot!
You can always get at your money in an IRA, but if you do it before age 59½ you will get slapped with a 10% penalty plus taxes.
A high-ranking Internal Revenue Service official at the center of a scandal into revelations that the agency improperly scrutinized conservative groups has bowed out of her commitment to deliver the keynote address at a Massachusetts law school’s commencement.
President Obama said Treasury Secretary Jacob Lew had asked for and accepted Steven T. Miller’s resignation.
I just heard the Justice Department, another apparent political wing of the BHO administration, has been accused of an unprecedented intrusion into the news gathering policies of Associated Press, secretly confiscating telephone records of AP journalists. This one is huge…..I mean huge….and BHO fans, I for one am going to enjoy watching the carnage.
We can’t and shouldn’t tolerate it, and I’m pretty confident the public won’t stand for any effort to turn this quickly into “old news.”
When you employ someone to work in your home such as a nanny or a housekeeper, you are required to pay Social Security and Medicare taxes on their wages.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
Most of us keep too much of the paper that comes into our homes.
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