Tax News by File Income Tax Online, Ltd.

About Tax Planning: U.S. Updated : Tax Strategy for Health Savings Accounts Can you use a Health Savings Account to save extra for retirement? That's the suggestion from personal finance blogger "Mr. ToughMoneyLove," who urges investors to consider "Using Your Health Savings... Housing Assistance Tax Act of 2008 The Housing Assistance Tax Act of 2008 provides a four important tax law changes that impact individuals and small businesses. These tax laws are part of the larger Housing and... Claiming Bank Deposit Losses Yesterday two clients called me to ask about how the FDIC insurance works for covering their bank deposits. The basic idea is the federal government, through the Federal Deposit Insurance... Not Too Late to Claim Your Stimulus Rebate Taxpayer who qualify for the economic stimulus rebate need to file a 2007 tax return to get their rebate this year. Some people who don't usually need to file a... Starting a New Job as an Independent Contractor I've noticed a lot of people are taking jobs as an independent contractor, sometimes to supplement their income, and sometimes as a way to build a career as their own... Two Months Left to File for 2007 Taxpayers have until October 15th, 2008, to file their tax returns if they requested an extension. Here's some quick resources to help you finish up with your taxes: Which tax form... The Zero Percent Capital Gains Tax Rate Starting this year, there's a new zero percent tax rate for long-term capital gains. To qualify for this zero percent rate, the gains have to be long-term. Also, the individual... Dealing with Identity Theft, Debt and Tax Collection Issues National Taxpayer Advocate Nina Olson highlights the top five tax issues for taxpayers dealing with the IRS in her semi-annual report to Congress. The five top issues are complex... Who Gets to Take the Mortgage Deduction? The mortgage interest deduction is certainly one of the most popular of all tax deductions. Taxpayers can take a deduction against their taxable income for mortgage interest paid during the... Free Accounting Software from NolaPro NolaPro offers free double-entry accounting software as a download or Web-based application. My colleague Shelley Elmblad, About.com's guide to financial software, reviewed NolaPro and had this to say, "I was... RSS Datafeeds Amazon Associate Software