Timothy Geithner, the Treasury Secretary, has presented Obama’s current plan for overhauling business taxes today. This plan includes eliminating loopholes and a reduction in tax rates by up to 28%. Critics, however, state this is not low enough.
Plans are also in the works to instate a minimum tax on foreign earnings, but no details have yet been given.
Geithner went on to say that the main goal of the Obama tax reform plan is to “restore a system” which allows American businesses to succeed or fail based on the services they provide or products they make, not on … Read the rest
People are wondering for 2012 tax season how they can get the most tax refund. The filing deadline is April 17. Even though, we are a few months away from submitting returns, getting yearly spending together might be haunting the mind.
Turbo tax is the best-selling tax software that offers a step-by-step guide on how to file your tax return to get the maximum refund at a low price. Do not pay a high price to the tax office and still wonder if your savings were maximized.
To receive the highest refund, we should choose the cheapest and best option … Read the rest
Are you one of those do-it-yourselfers who believes it is always better to know than it is to pay someone else who knows? If so, it is likely that you also feel that you should be doing your own taxes. After all, how hard can it be? Millions of people do their own taxes. There are even easy-to-use software programs to help them through it. Well, while you may be right that you can do your taxes yourself, what you might not have considered are the reasons for why you might want to pass this job off to a professional. … Read the rest
As the tax season approaches, it’s time learn about all of the new features included in the #1 tax preparation software, TurboTax 2011. Whether you have real estate investments, rental properties, mutual funds or just a simple tax return; TurboTax has a version to fit your needs.
What’s new with TurboTax 2011? New features include, but are not limited to, expert advice via online chat or by phone. They also include a guide to take you step by step through your return, and make it easy to navigate to any section.