U.S. retail figures due this week should be telling
02/11/2013Read moreWe’re about to find out how consumers reacted to higher taxes and less take-home pay in January. The U.S....
Chamber of Commerce predicts 2% GDP growth this year
02/11/2013Read moreThe nation’s preeminent business association said Friday that it is bullish on the economic outlook for 2013 and urged...
Economists predict U.S. growth will pick up by summer
02/11/2013Read moreThe first half of 2013 is expected to be sluggish as government spending cuts dampen growth and a payroll...
Florida Considers Online Sales Tax
02/11/2013Read moreRemote retailers are currently not required to collect and remit sales tax in Florida — a fact that costs...
Fed governor is on the lookout for bubbles.
02/08/2013Read moreWatch out, Wall Street. The Federal Reserve, a primary banking regulator, is trying harder to spot speculative excesses. In...
Tax Season Is Here – Here’s What’s Different This Year.
02/08/2013Read moreThe signing of the American Taxpayer Relief Act of 2012 extended many expiring tax deductions and credits through 2013....
Congress works to avert $1 trillion in automatic budget cuts
02/07/2013Read moreWith at least one million jobs on the line, Senate Democrats on Wednesday said they were closing in on...
Americans are pessimistic about economy, poll finds.
02/07/2013Read moreAmericans remain deeply pessimistic about the nation’s economic future nearly four years into the recovery, and the vast majority...
Six Important Facts about Dependents and Exemptions
02/07/2013Read moreWhile each individual tax return is unique, there are some tax rules that affect every person who files a...
Obama calls for short-term budget deal
02/06/2013Read morePresident Obama on Tuesday called on Congress to quickly pass a new package of limited spending cuts and tax...
Banks ease credit for some types of loans.
02/05/2013Read moreBanks are slightly loosening standards for many kinds of loans, and cutting into their own profit margins to try...
Federal Income Tax Celebrates 100th Birthday This Month
02/05/2013Read moreThis month marks the 100th birthday of the federal income tax. Ratification of the 16th Amendment in February 1913...
The Obscure 141-Year-Old Law That Explains the Deficit.
02/05/2013Read moreCutting the U.S. budget deficit has always been a question of politics, not math. The seemingly simple approach —...
New law causes filing season delay
02/04/2013Read moreThe delayed passage of the “American Taxpayer Relief Act of 2012” has put the IRS behind schedule. Due to...
IRS extends deadline for farmers and fisherman
02/04/2013Read moreThe IRS had to delay the start of this year’s tax filing season until it completed programming changes made...
Home office recordkeeping simplified
02/04/2013Read moreThe IRS is reducing the recordkeeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use...
