pality generally pays back the bonds with money made from those projects – by paying off a bridge bond with money that is raised from bridge tolls, for instance. Most municipal bonds are exempt from federal taxes on the interest they earn. Additionally, if the bond is issued in the state that you live in, you may owe no state taxes either. However, interest on some municipal bonds, often called private activity bonds, can still fall into al…
Filed under Tax Free by on Mar 14th, 2011. Comment. 
2008 Tax Refund Calculator The IRS recently put on its web site a summary of changes made to the Alternative Minimum Tax for 2008 and for 2009. While the 2008 information isn’t of much interest to those who already have filed their 2008 tax returns, it certainly is worth noting the changes taking effect in the current year. The 2009 changes are: AMT exemption amount increased – The Alternative Minimum Tax exemption amount was increased to …
Filed under 2008 Tax Refund Calculator by on Mar 14th, 2011. Comment.
e the return, not an extension to pay any tax due. So if you think you might owe, it may be wise to estimate what you owe and send in a payment with Form 4868; otherwise you may have to pay extra in late payment penalties and interest. Form 1065 If your business is a Partnership or Limited Liability Company (LLC), today is also your lucky day to file the annual business income tax return — via Form 1065. http://www.irs.gov/pub/irs-pdf/f1065…
Filed under Tax Refunds by on Aug 31st, 2009.
it score, which obviously makes the future funding for the home, vehicle or other types of loans very difficult. Very often, this federal tax lien can make you completely ineligible to borrow, even at prices ridiculously high interest, according to the guidelines imposed by the lender. What are your options to ensure IRS lien release? The Internal Revenue Service will publish a notice of federal tax lien within 30 days after you satisfy the tax…
Filed under Tax Refunds by on Sep 18th, 2009. Comment.
d not show a profit in two out of every five years would lose all of the tax-deductions. I remember distinctively showing that this is only a misconception of the tax rules. (From IRS Publication 535) Generally, a hobby is an activity that is carried on for personal pleasure or recreation. It is not an activity entered into with the intention of making a profit. In determining whether you are carrying on an activity for profit, all the facts are …
Filed under Tax Refunds by on Oct 16th, 2009.