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BellaOnline's Taxes Editor

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 E D I T O R   P I C K S  

Here are the Editor's Picks articles for the Taxes Site! These are the top ten articles that your Taxes Editor feels are most important for you to read. Enjoy!

1. HGTV Dream House Tax Nightmare
Is it fact or fiction that if you win the HGTV Dream House that it becomes a tax nightmare? Perhaps it’s all an issue of perception and if you want to actually keep it or not. What would you do if you were the 2008 winner?

2. Tax Facts - Deductible Holiday Gifts For Clients And Employees
Tis the Season – it’s time for being generous to your employees and clients and customers, to show your appreciation and to share in the spirit of the holiday season. Are those gifts deductible business expenses?

3. Is my Investment Loss Deductible for my Taxes?
You can’t turn on a TV, Radio or Computer these days without hearing about the economy and the plummeting values of investments. So you might find yourself wondering if your losses for the year in the value of your investments is deductible for tax purposes...

4. Depreciation of Assets - Employees Not Included
Depreciation of Assets - Employees Not Included - Depreciation is a tax concept that is often misunderstood by taxpayers. What is it?

5. Taxes, Socialism, Redistribution of Wealth
The Republicans have focused on the story of Joe the Plumber and spreading the wealth. They used this story to label Democrats as socialists. But it is a fact that one of our first tax credits for tax and wealth redistribution was created during the Republican Reagan presidential term (per CNN).

6. Is It Considered Taxable Income?
Many, many times throughout the year someone asks me if income that they received is considered taxable for federal income tax purposes. Here are a few of the items that are commonly mentioned followed by the question “Is It Taxable?”

7. Extended Due Date Change On Some Business Returns
The IRS is reducing the extension time from six months to five months on some business returns to correct a timing issue on returns that generate Schedule K-1 and other flow through statements that individuals need to complete there personal returns to "Reduce Tax Burden on America’s Taxpayers".

8. IRS Email Tax Scam Spam
Did you really get an email from the IRS? I don't think so!

9. Economic Stimulus Package Rebate 08 Facts To Date
The first fact is that the facts are confusing related to the Economic Stimulus Package Rebates for 2008. Like many things in life these days even good things come with baggage; in this case confusion is the name for the baggage attached to the 2008 Economic Stimulus Package rebates...

10. Why We Pay Income Taxes
When was the first income tax levied and why? The telling of this tale of taxes is unfortunately not a child's storybook tale but there have been many big bad wolves around for years huffing and puffing and blowing hot disagreeable taxing air.



Be sure to visit the Taxes Archives for all the articles!



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The Taxing Subject of Taxes

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Why We Pay Income Taxes

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