Tax Articles

These Tax articles will give you the news and information you need to stay up to date in the ever changing Tax industry.

January 2, 2014 – 1,197 views
Tax Professionals' Resource
A decision that may affect many individuals and businesses severely, the US administration has decided to let the package of a total of fifty-five popular tax break expire at the end of the year, 2013. This practice of the lawmakers to let these tax breaks expire and then finally renewing, is creating a headache for... Full Story 
December 18, 2013 – 1,168 views
Tax Professionals' Resource
Aided by the low interest policies of the Federal Reserve, the housing market, which collapsed during the recession of 2007, has seen a turnaround this year. The year of 2008 saw a raise in the loan limits to keep the market active during recession. Mortgage-finance giants Fannie Mae and Freddie Mac operate by purchasing mortgages and bundling them into securities and offering them to investors. It was taken over by the government at the peak of the financial crisis. The FHFA is now contemplating on reducing the loan purchase limit of Fannie Mae and Freddie Mac... Full Story 
December 16, 2013 – 1,217 views
Tax Professionals' Resource
The Valiant Bank has become the first Swiss bank to announce its intention of entering into a deal with the US government to end a three year tax evasion dispute. The Valiant Bank, along with three other Swiss Banks entered into the deal to ensure more transparency with the US government. The deal has currently been accepted only by three banks, but it will soon be offered to other Swiss banks as well... Full Story 
December 11, 2013 – 1,335 views
Tax Professionals' Resource
The US government is planning to introduce new taxes on airlines and flyers that will result in a significant increase in the price of flying. The new taxes will be used to fund the TSA (Transportation Security Agency) and DHS (Department of Homeland Security). The taxes will increase the price of aviation which is already quite high... Full Story 
December 10, 2013 – 1,183 views
Tax Professionals' Resource
The holidays are the perfect time to celebrate as families come together. Every holiday season exemplifies the spirit of giving and receiving, some more than others. The end of the year, during Thanksgiving and Christmas especially, are holidays that seasons are particularly noted for the spirit of giving that they bring along with them. Charities that rely mainly on donations see their biggest incomes at this time of the year. Certain charitable organizations such as food banks have a great spike in the number of volunteers and donations that come in during this time. The numbers become so large that some volunteers are even turned away... Full Story 
December 5, 2013 – 1,181 views
Tax Professionals' Resource
You might be aware of the fact that most fast-food giants save their money by paying very little to their workers. But did you know that they are also saving a lot of money by paying millions to their CEOs? All this thanks to the loophole in the tax code which has been in existence for around 20 years now. This means that it is actually the peoplesí tax payment that is covering these costs... Full Story 
December 4, 2013 – 1,122 views
Tax Professionals' Resource
The long wait for Detroit is finally over as the city will move forward with the largest ever bankruptcy in the history of the United States. The judge passed the verdict saying that the city, which is crumbling financially, is eligible for shedding billions in debt... Full Story 
December 3, 2013 – 1,146 views
Tax Professionals' Resource
Elder abuse has become quite common and widespread throughout the country. Over the last decade reports of abuse have increased by 150%. Elder people have become vulnerable to abuse because of isolation and various disabilities and dependencies. Being vulnerable due to such reasons, they make easy targets for physical abuse, mental abuse, neglect, fraud and financial exploitation. Elder citizens do not generally come forward to report such abuses and are even reluctant to admit it. This is generally because they feel ashamed, humiliated afraid and embarrassed. At times, these victims may also defend the abuser as it is more common than not that the abuser is a family member... Full Story