News
The Global Portfolio's First Two Buys
As a tip of the cap to the Dutch and their historical leadership position in global trade and investment, I'm calling this endeavor the Orange portfolio. The Dutch gave the US its first multinational corporation, the first modern stock exchange,

India says Vodafone-Hutchison deal structured to avoid tax
By R. Jai Krishna and Mukesh Jagota, Dow Jones Newswires India's federal government Monday said that the closely watched tax case involving the UK's Vodafone Group PLC. is an example of how some companies misuse tax havens to avoid paying taxes in

Bulgarian personal income and corporate taxes the lowest in EU
Other countries where tax on personal income was high in 2012 were also the Netherlands, Spain (both 52.0%), Austria and the United Kingdom (both 50.0%). The average numbers on personal income tax for the whole Union were 38.1%, while 43.2 only for the

Early property tax policy in Wisconsin required woodland owners to pay higher taxes on their lands.

Early property tax policy in Wisconsin required woodland owners to pay higher taxes on their lands. We are Small by Choice, Which Gives You More Control Over Your Matter. Any course involving sports, games, or hobbies, unless such course is part of the student's degree program. Capital gains and dividend rates stay lowStrong incentives to invest and seek dividend-paying investments. We've summarized a list of the year's key tax law changes for your quick reference. Car expenses and use of the standard mileage rate are explained in chapter 4 of Publication 463, Travel, Entertainment, Gift, and Car Expenses.

The maximum amount of income you can earn and still get the credit has increased. Expanded college expense deductionFor students in college or families with students in college. Individuals are not the only ones required to file income tax returns. Relief granted for Hurricanes Katrina, Rita, and Wilma. Permitted property is any obligation of the United States or any diversified investment fund approved by regulations issued by the Office of Government Ethics. The credit for the first-time purchase of a home in the District of Columbia was extended through 2007. The maximum amount of adjusted gross income AGI you can have and still get the credit also has increased. While they are subject to may of the same rules as are individual taxpayers, they are also covered by an intricate body of rules addressed to the peculiar problems of corporations. Figure any write-in adjustments to be entered on the dotted line next to Form 1040, line 36.

Qualified natural gas, propane, or oil furnaces or hot water boilers. Certain advanced main air circulating fans used in natural gas, propane, or oil furnaces. Nontaxable earnings from Coverdell education savings accounts. Otherwise, the employer is subject to an excise tax. Are you withholding enough from your paycheck to cover your tax bill? Use our withholding calculator to make sure. Certain electric heat pump water heaters; electric heat pumps; geothermal heat pumps; central air conditioners; and natural gas, propane, or oil water heaters. Personal exemption moves higherAffects all members of your family.

Alternative Minimum Tax exemption increasesFor taxpayers who might have too many deductions. Notices, Private Letter Rulings, AODs, GCMs, TAMs . You must reduce the basis of your home by the amount of credit allowed. This policy was a financial burden on woodland owners and, in many instances, landowners overcut their timber to pay their tax obligation. You must reduce your qualified expenses by the following amounts.

Do not include this amount in figuring any other deduction on your return such as on Schedule A, C, E, etc. Start now by reviewing our planning tips covering filing status, deductions, investments, and more. Alternative Minimum Tax exemptionFor taxpayers who might have too many deductions. Tax-favored treatment of qualified hurricane distributions from eligible retirement plans. Additional exemption for housing individuals displaced by Hurricane Katrina.