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Keyword: 1040

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  • Trump pulled the rug from underneath Rachel Maddow’s great big tax scoop

    03/14/2017 7:34:36 PM PDT · by 2ndDivisionVet · 45 replies
    The Blaze ^ | March 14, 2017 | Carlos Garcia
    President Trump may have pulled the most epic political trolling since, well since the last time he did something like this to a political opponent. MSNBC’s Rachel Maddow was set to release a big scoop about Trump’s taxes Tuesday, when the White House went and released them right before her show began. Here was the announcement of the scoop that set the political world aflutter from Rachel Maddow’s Twitter account: (TWEET-AT-LINK) She later added the clarification explaining what she had in her possession, writing, “What we’ve got is from 2005… the President’s 1040 form… details to come tonight 9PM ET,...
  • Major Blow to Obamacare Mandate: IRS Won't Reject Tax Returns That Don't Answer Health Insurance Q.

    02/15/2017 7:37:02 AM PST · by GonzoII · 41 replies ^ | |Feb. 14, 2017 | Peter Suderman
    The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the law How much difference does a single line on a tax form make? For Obamacare's individual mandate, the answer might be quite a lot. Following President Donald Trump's executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement. The health law's individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a...
  • Really? Someone actually tried to deduct ‘Sturgis, baby’ on their taxes

    02/09/2017 11:02:33 AM PST · by Red Badger · 24 replies ^ | February 8, 2017 4:58 pm | by Josette Elieff
    That trek to South Dakota on your Harley isn’t going to get you a tax deduction. Sorry. Maybe that seems obvious, but someone actually tried to write that off on their taxes, according to the Minnesota Society of Certified Public Accountants. In their defense, the person wore a company shirt and tried to call it an advertising expense. There’s plenty more where that came from. The Society of CPAs did a study on the ridiculous things people have tried to use as deductions – and it’s pretty funny. Business deduction fails: Someone tried to write off their pop-up camper, calling...
  • How Obamacare subsidies could impact your tax refund

    08/25/2014 9:10:45 PM PDT · by Citizen Zed · 9 replies
    cbs news ^ | 8-25-2014
    Taxpayers accustomed to filing a simplified 1040EZ will not be able to do so if they received health insurance tax credits this year. Some highlights: -- You may have heard that the IRS cannot use liens and levies to collect the law's penalty on people who remain uninsured. But there is no limitation on collection efforts in cases where consumers got too big a tax credit. If your refund isn't large enough to cover the repayment, you will have to write the IRS a check. "They are not messing around," Brandes said. For families, the cap is double the amount...
  • 4 shot in Detroit after fight over tax refund

    02/28/2014 10:40:29 PM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb 28, 2014 11:12 PM EST
    Four employees at a tax preparation office on Detroit’s east side have been wounded in a shooting after a dispute over a refund check. […] The shooting was reported shortly after 3:30 p.m. Friday at Tax City Tax Service. Deputy Police Chief Rodney Johnson said the woman being sought became upset when her tax refund wasn’t ready yet. …
  • List of IRS Forms that 1040 filers can begin filing in late February or early March 2013

    01/14/2013 2:58:04 PM PST · by Libloather · 17 replies
    1/11/13 | email
    List of IRS Forms that 1040 filers can begin filing in late February or early March 2013January 11, 2013 Late on January 1, 2013, Congress passed HR 8 (Tax Relief Extension Act) which extended almost all of the Federal tax provisions that had expired at the end of 2011 and 2012. The IRS announced on January 9th that they will not accept electronic or paper returns before January 30, 2013, a delay from the original January 22nd beginning date. This is necessary to allow them time to reprogram their systems to comply with the changes included in the Tax Relief...
  • ‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ [$33,750 - $45,000 /yr]

    11/29/2012 11:31:01 AM PST · by Red Badger · 43 replies
    CNBC ^ | Published: Thursday, 29 Nov 2012 | 11:24 AM ET | By: Mark Koba
    One of the key questions lurking in the "fiscal cliff" talks — though well below the public's radar — is what happens to the alternative minimum tax — or AMT. Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation. During the 2011 tax year for example, the higher tax hit single taxpayers with incomes as low as $48,450 and joint filers making only $74,450. But millions more Americans could be subject to the AMT in their 2012 returns...
  • New Obamacare Tax Form Mandates Americans Report Personal Health ID Info to IRS

    11/01/2012 11:07:24 AM PDT · by Red Badger · 27 replies
    Americans For Tax ^ | November 1, 2012 1:09 PM EDT | Posted by Ryan Ellis and John Kartch
    Here's why the IRS will require Americans to disclose their personal health ID information starting in 2014 When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a payment”. So why will the Obama IRS require...
  • Had enough yet?

    05/23/2009 8:28:11 AM PDT · by DogByte6RER · 9 replies · 1,057+ views
    The Temecula Valley News ^ | Friday, May 22nd, 2009. | Rick Reiss
    Had enough yet? Rick Reiss Friday, May 22nd, 2009. Big government proponents frequently remind us that taxes are the price we pay for a civilized society. This line is actually attributed to the former Supreme Court Justice Oliver Wendell Holmes. While true in some respects, our current tax system is anything but civilized. America now has a government riding roughshod over people and businesses with even higher taxes and more rules and regulations. It is only fitting to remember a quotation by another famous American jurist. “That the power to tax…” wrote US Supreme Court Justice John Marshall “involves the...
  • TEMECULA: Anti-tax rally set for Weds.; Organizers are preparing for possibility of counter protest

    04/11/2009 10:52:30 PM PDT · by DogByte6RER · 7 replies · 829+ views
    North County Times/The Californian ^ | Saturday, April 11, 2009 | AARON CLAVERIE
    TEMECULA: Anti-tax rally set for Wednesday Organizers are preparing for possibility of counter protest By AARON CLAVERIE - Staff Writer Saturday, April 11, 2009 TEMECULA ---- Guy in Grim Reaper costume. Check. A "Zombama" (a President Barack Obama tax zombie). Check. "Don't Tread On Me" flags. Check. Patriotic and anti-tax songs blaring from a boom box. Check. And that's just the top half of the checklist that Rick Reiss has written up for an anti-tax "tea party" rally scheduled for 11 a.m. Wednesday at Temecula's Duck Pond Park. Reiss, a member of the Murrieta-Temecula Republican Assembly, said late last week...
  • LAST CALL: Temecula Tea Party on April 15, 2009 PLUS Thwarting A Tea Party ACORN Plant

    04/10/2009 10:22:50 AM PDT · by DogByte6RER · 28 replies · 3,449+ views
    I Am With ^ | Friday, April 10, 2009 | Rick
    2009 Taxpayer Tea Party proudly brought to you by the FreedomWorks Foundation... Taxed to death and living in Southwest Riverside County, CA? Join us on Wednseday, April 15, 2009 at 11:00 am at the Temecula Duck Pond on the corner of Rancho California and Ynez Road in Temecula. We will be ridding ourselves of some crates of Obama Messianic Tea and fighting off the evil ravenous Zombama, the tax eating zombie. This Temecula Tea Party is valiantly supported by the local Republican clubs TMVRWF and MTRA. See you all there patriots!
  • TEMECULA TEA PARTY! April 15, 2009 - Temecula, California

    03/15/2009 2:30:55 PM PDT · by DogByte6RER · 16 replies · 4,444+ views
    I am with ^ | March 15, 2009 | Rick
    Taxed to death? Join us on Wednseday, April 15, 2009 at 11:00 am at the Temecula Duck Pond on the corner of Rancho California and Ynez Road. We will be shredding 1040 forms, ridding ourselves of some crates of Obama Messianic Tea, and fighting off the evil ravenous Zombama, the tax eating zombie. See you all there patriots!
  • Lawyer gets 5-cent IRS bill, 4-cent refund

    01/03/2009 6:30:52 PM PST · by DogByte6RER · 16 replies · 1,851+ views
    MSNBC ^ | Sat., Jan. 3, 2009 | Associated Press
    Lawyer gets 5-cent IRS bill, 4-cent refund Detroit defense attorney remains confused over two notices DETROIT - James Howarth is a little confused by two letters he has received from the Internal Revenue Service. The Detroit defense lawyer received one letter in November that said he owed the IRS money — five cents. He was warned that he should pay "to avoid additional penalty and/or interest," the Detroit Free Press reported Saturday. Howarth said he then received a second letter telling him the government owes him money — four cents. He was told he would have to request the refund...
  • Judge sentences Snipes to 3 years for tax convictions

    04/24/2008 8:51:05 PM PDT · by XR7 · 48 replies · 101+ views
    msnbc ^ | 4/24/08
    <p>OCALA, Fla. -- Wesley Snipes was sentenced to three years in prison on tax charges Thursday, a victory for prosecutors who sought to make an example of the action star by aggressively pursuing the maximum penalty.</p>
  • Obama Campaign Closes For Three Hours *satire*

    03/06/2008 12:51:41 AM PST · by Keli Kilohana · 1 replies · 85+ views
    Obama wants to make sure everyone in the campaign can properly make change, skillfully sling empty platitudes about hope--and to fully understand the latest attack: Rope-a-dope.
  • 2006 Income Taxes: Check "NO"

    01/24/2007 12:48:21 PM PST · by Sir Hailstone · 21 replies · 884+ views
    Sir Hailstone
    FReeper Activism: When doing my taxes for this year, I was clicking the boxes on my electronic tax preparation software. I came to the section whether I wanted $3 of my taxes to go towards the Presidential Election Campaign. Right at that moment, I had FNC on the TV and I heard the shrill voice of ... you guessed it .. HILLARY CLINTON!!! The very thought of Hillary even potentially getting ANY amount of MY tax dollars to run for President was enough to make me cringe. I clicked "NO". Don't have your tax dollars support Hillary, Osama, or any...
  • On Tax Day, $125 billion in waste

    04/15/2006 10:14:03 AM PDT · by DogByte6RER · 13 replies · 434+ views
    On Tax Day, $125 billion in waste By Matt Schumsky April 14, 2006 Another dreaded April 15th – Tax Day – is nearly upon us. Our annual tax ritual requires over 26 hours from the average person filing a standard 1040, and over 60 percent of Americans seek professional help. The reason: The U.S. tax code now exceeds 60,000 pages, and those pages often give conflicting advice. No wonder that in 1976, presidental candidate Jimmy Carter declared, “Our income tax system is a disgrace to the human race.” In many ways, things are worse today than they were then. Our...
  • Check Out Free File - FREE Online tax preparation via IRS

    03/11/2006 5:53:18 AM PST · by RedBloodedAmerican · 8 replies · 713+ views
    IRS ^ | 2006 | IRS
    Check Out Free FileSeventy percent of the nation's taxpayers are eligible for free tax preparation software and free electronic filing. See if you are eligible. Whoever said there is no such thing as a free lunch may have been right. But for millions of eligible taxpayers, with an Adjusted Gross Income of $50,000 or less, there is Free File. Free File is online tax preparation and electronic filing through a partnership agreement between the IRS and the Free File Alliance, LLC. In other words, you can e-file... free. Need additional time to file your tax return? Several companies offer free...
  • Anti-Tax Crusader Irwin Schiff Sentenced [to more than 13 years in Federal Prison]

    02/26/2006 12:04:05 AM PST · by XR7 · 57 replies · 2,647+ views
    KLAS TV ^ | 2/25/06 | staff
    Anti-tax crusader and author Irwin Schiff has been sentenced to more than 13 years in federal prison for advising people that no U-S law requires them to pay income tax -- and for contempt of court during trial. The 78-year-old Schiff used his sentencing to again declare his innocence -- accusing what he called a "fascist" government of trying to stifle his truth. His lawyer pleaded for leniency -- arguing that Schiff is mentally ill. But U-S District Court Judge Kent Dawson in Las Vegas used against Schiff his own witness stand boast that he'd helped thousands of followers legally...
  • Just the tax for bleeding-heart liberals - (any takers in Malibu, the Hamptons or Nantucket?)

    06/17/2005 4:30:01 PM PDT · by CHARLITE · 30 replies · 647+ views
    NEW YORK -- President Bush's bipartisan Advisory Panel on Federal Tax Reform should propose a measure to assist a neglected segment of society: the avowedly under-taxed. The HOT would give those who think their levies are too low the ability to pay the steeper tax bills they say they deserve. This is the truly compassionate thing to do. The HOT, or Higher-rate Optional Tax, would offer relief to powerful Democrats and wealthy liberals who cannot stand it when Republicans cut their taxes. Look how lowering taxes has raised the blood pressure of these Americans: "I don't need a tax cut,"...