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Tax Liability Of An AnnuityEverybody is interested in avoiding taxation legally because no one likes to pay taxes. There is generally no tax liability in case of annuities and this is what makes it so popular. After all, ‘a penny saved is a penny earned’ therefore why not invest in these since they do not require you to pay tax? The tax-deferred growth that one can enjoy from an annui
Paul Ryan Taxes To Be ReleasedFollowing in the footsteps of presidential candidate Mitt Romney, Paul Ryan has agreed to release his tax returns for the past two years.The ‘Paul Ryan taxes’ story broke when he announced that he would be releasing the details of his 2010 and 2009 taxes on  CBS’ “60 Minutes” television program.As Chairman of the House Budget Committee,
Welcome to the November 29, 2012 edition of Tax Carnival Ecstasy. In this edition we start with two articles from Bill Smith, a look at Eco Products That Are Tax Deductible and an article all about the Buffett Rule. Then there’s a post on the Fiscal Cliff and whether large corporations are immune by John Schmoll. Finally David de Souza examines Where Your Taxes Go. Hope you enjoy the materi
Thanks to a new tax amnesty program, Kettering Ohio has brought in more than $163,000 in the first five weeks since the program was kicked off. This program has allowed eighty-nine people to pay their income taxes and interest without having to pay tax penalties that would normally apply. This program will continue running until December 14.By using this program, the tax payers did not have to pa
Welcome to the November 13, 2012 edition of Tax Carnival Ecstasy. In this edition we some really good articles including one from Bill Smith who looks at Saving Money and Time On Taxes this coming tax season. John Schmoll examines the Fiscal Cliff and whether we Should We Really be Concerned. Have you ever wondered if the S&P has a Seasonal Pattern? Alex Peters has an article covering the top
Tips to Get Turbo Tax DiscountsTurbotax software comes in various different versions like Premier, Deluxe, etc. Turbo tax software is used to prepare both State & Federal Income Tax Returns. One of the best things about the software is that it is regularly updated once the IRS completes any revisions to the tax forms. This software is widely used because of its user-friendly interface and its
How to get online tax refunds with H&R Block?Nowadays there are many tax filing programs available online, but even today most of the people think twice while filing their income tax returns using these online programs.  Many taxpayers still does not trust these online tax programs and prefer doing it themselves or seek help from experts to file their returns.TurboTax and H&R Block are 2
Federal Tax HeadachesThe advent of a new era in our nation’s history brings with it more than gay marriage acceptance; we are witnessing the dawn of a new era of federal tax headaches.  Tax law for same-sex married couples is more complicated than that of their heterosexual counterparts, creating a need for consultation that was not needed before marriage.  Couples in this situation may fin
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