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BellaOnline's Taxes Editor

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 T O P   T E N  

Here are the top ten articles for the Taxes Site! These rankings are live and get reset at the beginning of each month, so check back often to see what your fellow visitors are most interested in!

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. Requesting an Extension of Time To Pay Your Taxes
So you owe the IRS money on your current year’s tax return or you filed your return for last year without paying the balance due and now you received a balance due notice from the IRS. Not sure what to do? Read on for some possible options.

3. Will I Owe Taxes If I Sell My Personal Residence
In slumping real estate markets it may seem that there are no homes selling at gains but in reality some people are still making money on the sale of their personal residences. This prompts the question of whether that gain is taxable for income tax purposes. Let’s take a look at that query...

4. Tax Savings, Contributions, Homeless Pets
If you are looking for a reason to donate to Animal Shelters and Animal Rescue Organizations there’s the obvious opportunity to take a tax deduction if you itemize; and then there’s the opportunity to extend true charity and kindness by helping to care for rescued homeless animals.

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. What is the Standard Deduction?
When you prepare your personal federal tax return, or have it prepared, you choose to reduce your gross income by the amount of your allowable standard deduction or allowable itemized deductions. You cannot do both. So how do you know which one is better or which one you qualify to take?

9. AARA 2009 - Tax Deduction for Vehicle Purchases
The 2009 American Recovery and Reinvestment Act puts money into the struggling economy with individual and business tax relief. The goal is to stimulate growth and sales, including vehicle sales. If American made cars disappear, what’s next to disappear - baseball, hot dogs, and apple pie?

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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