All Posts Tagged With: "IRS"
Why Americans should be furious about Obama, the deficit & income taxes
Tax time is here and with it a sense of awe: While the bank accounts of American families are being depleted, paying taxes is less and less a burden for the richest among us. Income taxes come largely from you and me. They especially come from you and me if we are not among the [...]
13Apr2011 | Peter G. Miller | 2 comments | Continued
1 Million First-Time Home Buyers To Owe IRS
More than a million first-time home buyers are likely to get unfriendly letters from the IRS, brief little notices from Uncle Sam which say we want our money back. A report by the Treasury Department’s Inspector General for Tax Administration shows that nearly 1.8 million taxpayers filed claims under the government’s First-time Homebuyer Tax Credit [...]
15Sep2010 | Peter G. Miller | 0 comments | Continued
Should We Tax Our Vets?
The IRS has created an excellent Web page — Tax Information for Members of the U.S. Armed Forces — which explains tax issues for those now on active duty. There are a huge number of rules, most of which greatly benefit those now fighting overseas. But when you look at the forms, deductions, exceptions, alternatives, [...]
4Jun2010 | Peter G. Miller | 0 comments | Continued
500,000+ Grab First-Time Homebuyer Credit
More than 500,000 buyers have used the first-time homebuyer credit to purchase a home. Amazingly enough, more than 38,000 buyers have already claimed the write-off but do not qualify. Why? In most cases because they owned a home during the past three years. Figures from the Treasury Inspector General for Tax Administration show that a [...]
24Apr2009 | Peter G. Miller | 1 comment | Continued
Are You Keeping Up With Work & Wages?
If you’ve been getting more money each year and maybe a bonus here and there you might think you’re doing pretty well. After all, part of the American dream is to get better at what you do and therefore earn more money as a result. Unfortunately, you’re likely to notice that even with a bigger [...]
2Jan2009 | Peter G. Miller | 0 comments | Continued
10 Questions To Ask Before Buying a B&B
Pick up just about any newspaper or magazine and you can find ads for idyllic stays in the country, bed-and-breakfasts (B&Bs) not far from metro cores where owners live in beautiful surroundings, get paid for sharing and never worry about commuting. Not a bad way to live, and in some cases entirely delightful. But is [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
Why Do Lenders Want IRS Form 4506?
Form 4506 can be used to order past tax returns from the IRS. In effect, the lender may elect to check and see if the application information provided by the borrower matches the forms sent to the IRS. In the usual case, loans are bought and sold in large quantities or “packages.” Some loans will [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
Tax Returns, Real Estate, Refunds and Rip-Offs
A big part of every real estate transaction involves taxes: You pay transfer taxes when you buy, property taxes when you own and more transfer taxes when you sell. There are also taxes on income earned from investment real estate and even capital gains taxes, though infrequently for the sale of residential property. Not surprisingly, [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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