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Forgiven debt can be taxed as income
10/01/2012With the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation...
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Is all my income taxable?
10/01/2012Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money...
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Tips for cutting costs in your business
10/01/2012Keeping costs under control is crucial in today’s challenging business environment. Without a doubt, one of the quickest ways...
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Important deadline approaching for tax-exempt organizations
10/01/2012Here’s an important reminder for small nonprofit organizations: If your organization had its tax-exempt status revoked for failing to...
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Final filing deadline on October 15th
10/01/2012Tick-tock. Time is almost up on that six-month extension you filed back in April to give yourself more time...
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Payroll tax cut is unlikely to survive into next year
10/01/2012Regardless of who wins the presidential election in November or what compromises Congress strikes in the lame-duck session to...
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Fiscal crisis looms for winner of the presidential election
10/01/2012Consumers, banks and businesses have been busy getting their balance sheets into better shape since the U.S. economic recovery...
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Labor Department missed 386,000 jobs in unemployment count
10/01/2012The Bureau of Labor Statistics announced Thursday it had undercounted job growth, meaning the economy added 386,000 more jobs...
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Economic reports turn out worrisome data
10/01/2012The U.S. economy remains shaky, with threats looming at home and abroad, manufacturers mired in a slump and overall...
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Housing Rebound will Lead U.S. to Recovery, Researchers Say
09/27/2012By the less-demanding standards of the past few years, the latest housing figures, like many from recent months, look...