Tax break given - only for early retirees
The federal government said this month that it had relaxed tax rules that penalize thousands of early retirees whose savings have been slammed by the bear market. But it stopped short of providing the same help to millions of older retirees who complain that they suffer from much the same problem.
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By KATHY KRISTOF,
Columnist,
10/15/2002 09:47 AM PDT)
IRS change cuts down on paperwork
A break? From the IRS? Well, sort of. Under new rules announced last week, starting next year, millions of taxpayers will have one less form to fill out at income-tax time.
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BY NEIL DOWNING,
The Providence Journal,
10/01/2002 08:26 AM PDT)
IRS increases interest/dividend threshold
More than 15 million taxpayers will be able to skip filing a separate IRS form for interest and dividend income next year under a move announced by the tax agency Thursday.
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09/26/2002 08:44 AM PDT)
IRS losing tax war, chief says
The Internal Revenue Service is losing the war on tax evasion because the methods of cheating grow increasingly sophisticated while the IRS has barely enough resources to keep pace, the agency chief said in a report Tuesday.
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Curt Anderson,
The Associated Press,
09/25/2002 09:21 AM PDT)
Identity theft alert: latest scam
It seems that almost every month there's a report of yet another identity theft scam. The latest is particularly worrisome because it plays off Internal Revenue Service forms, something the IRS says hasn't happened before.
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EILEEN ALT POWELL,
AP Business Writer,
08/29/2002 08:11 AM PDT)
Tax breaks would ease market losses
WASHINGTON Even before President Bush started talking about it, House Republicans were at work on election-year tax legislation aimed at easing the sting of stock market losses for investors and giving older people more time to build up retirement assets.
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BY CURT ANDERSON,
Associated Press,
08/20/2002 09:35 AM PDT)
Market hits can be a help at tax time
Wall Street's summerlong meltdown is providing some unusual tax planning opportunities for individual retirement accounts, tax gurus say.
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08/04/2002 12:22 AM PDT)
A guide to tax breaks from real estate
One benefit of investing in real estate is tax savings. However, the value of the tax breaks can vary depending on how much you earn and what you do for a living. The best breaks go to middle-income folks who manage their own properties. But even so-called passive investors and high-income taxpayers can reap some rewards.
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By Kathy Kristof,
Columnist,
07/30/2002 10:55 AM PDT)
Insurance helps the rich evade gift taxes
In recent months, some of the wealthiest older Americans have been buying huge life insurance policies on themselves. Oddly, these people have shopped not for the cheapest rate but for the highest rate. In some cases, they happily pay 10 times the lowest rate for that insurance. The reason? Taxes.
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New York Times,
07/30/2002 10:30 AM PDT)
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