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Six Important Facts about Dependents and Exemptions
02/07/2013While each individual tax return is unique, there are some tax rules that affect every person who files a...
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Obama calls for short-term budget deal
02/06/2013President Obama on Tuesday called on Congress to quickly pass a new package of limited spending cuts and tax...
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Banks ease credit for some types of loans.
02/05/2013Banks are slightly loosening standards for many kinds of loans, and cutting into their own profit margins to try...
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Federal Income Tax Celebrates 100th Birthday This Month
02/05/2013This month marks the 100th birthday of the federal income tax. Ratification of the 16th Amendment in February 1913...
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The Obscure 141-Year-Old Law That Explains the Deficit.
02/05/2013Cutting the U.S. budget deficit has always been a question of politics, not math. The seemingly simple approach —...
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New law causes filing season delay
02/04/2013The delayed passage of the “American Taxpayer Relief Act of 2012” has put the IRS behind schedule. Due to...
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IRS extends deadline for farmers and fisherman
02/04/2013The IRS had to delay the start of this year’s tax filing season until it completed programming changes made...
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Home office recordkeeping simplified
02/04/2013The IRS is reducing the recordkeeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use...
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“Chained CPI”: What’s it all about?
02/04/2013As the politicians in Washington start once again to tackle the same old problems, you’re likely to hear more...
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Pay attention to restored deductions for 2012
02/04/2013A number of tax breaks that had expired at the end of 2011 or were to expire at the...
