9 Tax Breaks Every First-Time Homebuyer Must Know

9 Tax Breaks Every First-Time Homebuyer Must Know
how tax deductions were started
And with higher pay and steadier job security, tax breaks for homeowners can make the prospect of buying a home attractive. "Tax-wise, this is a good time to buy," said Yvette Best of tax preparation company Best Services Unlimited. "Homeownership …

Hawaii Businessman Sentenced to 46 Months For Tax Fraud
how tax deductions were started
Most of those expenses were claimed as business deductions on Waimana's corporate income tax returns, or were falsely characterized as "loans" from the company to Hee, prosecutors said. Hee did not report that money from the company as income on his …

Golf Courses Battle with IRS Over Tax Deductions for Conservation
how tax deductions were started
As part of an effort to tighten what it sees as an overly generous environmental incentive, the Internal Revenue Service is going after courses that it believes benefit from undeserved tax breaks. The details of the story were laid bare this week in a …

Letters

Letters
federal taxes history
As a reader and Post subscriber for 54 years, I have had the privilege of enjoying so many writers. I loved all the Scrawls (Sam C. Rawls) political cartoons; learned about Steve Mitchell's life in North Carolina; followed Ron Wiggins' journeys through …

Winning the Powerball! What to do WHEN you win
federal taxes history
With a donor-advised fund, you can make a charitable donation this year and claim a federal tax deduction for your irrevocable contribution but postpone recommendations about which charities should receive grants from the account until some time in the …

Lee: Oregon group must stand down, Obama's gun orders fuzzy
federal taxes history
Mike Lee of Utah says an armed group that took over federal buildings at an Oregon wildlife refuge should stand down and nothing in his Mormon beliefs justifies their actions. The Republican senator made the comments to reporters Wednesday … Obama …

That's a wrap on 12 Months of Giving

That's a wrap on 12 Months of Giving
how tax deductions were started
Some financial donations were easier to tie directly to P-I's 12 Months of Giving than others, but our math indicates nearly $ 20,000 in financial gifts for the charities during their individual months. In addition, Gannett … Secondhand kitchen items …

Centre planning to replace RGESS with more 'flexible' equity scheme
how tax deductions were started
The scheme allows for income tax deduction of 50 per cent to new retail investors, who invest up to Rs 50,000 directly in equities and whose annual income is below Rs 12 lakh per annum. The scheme has a lock-in period of 3 years. Tax benefits under the …

Under Wire, House Passes Big Package of Tax Cuts
how tax deductions were started
Other provisions in the bill include a small-but-symbolic tax deduction for teachers who spend their own money on books, supplies and computer equipment used in the classroom; and a separate deduction for state and local sales taxes. The measure would …

United Way: New IRS rule could chill giving to charity

United Way: New IRS rule could chill giving to charity
irs history
Unfortunately, history has proven that voluntary rules are the first step to intrusive legislation that eventually causes the general public to question the reason for governmental interference. In addition to the concern that this legislation will …

National Organization For Marriage Denied Attorney Fees In IRS Lawsuit
irs history
It looks like the National Organization for Marriage has come to the end of the line in its hope for a big payday from the IRS for the unauthorized disclosure of the Schedule B (donor list) attached to its 2008 Form 990. Form 990 becomes public (The …

IRS Releases Criminal Investigation Division Annual Report
irs history
The annual report is released each year for the purpose of highlighting the agency's successes while providing a historical snapshot of the make-up and priorities of the organization. The very first Chief of IRS CI, Elmer Lincoln Irey, served from 1919 …

Vernon County tax levy to increase 6.31 percent

Vernon County tax levy to increase 6.31 percent
tax norse
The Vernon County Board of Supervisors passed the county's projected $ 17.4 million 2016 budget on a 20-7 vote, Tuesday, Nov. 4, in Viroqua. The budget includes a $ 622,107 local property tax increase, largely by including $ 480,000 in principal loan …

If Ex-HP Chief Carly Fiorina Was President, Here's What Would Happen to the U
tax norse
Her main targets — should she win the Republican primary, the 2016 general election and convince Congress to back her — appear to be a complex tax code, laws with cumbersome regulations such as the Dodd-Frank Act and Obamacare, and crony capitalism …