If you live on the east coast, the last two weeks have been an experience to say the least. High winds and copious amounts of water inadvertently created moats around and throughout many homes. As the victims of Hurricane Irene dry out their basements, the IRS recently announced tax relief for the victims of Hurricane [...]

Comedian Seth Myers recently said “(The) Debt Showdown is like a chess match where both sides think the goal is to throw the most chess pieces out the window”. The debt ceiling debate has some obvious ramifications. For one, the debt limit uncertainty is handcuffing the financial markets, as investors and small business owners stand [...]

FOX NEWS.COM LIVE w/ Tracy Byrnes Watch the latest video at video.foxbusiness.com The Internal Revenue Service recently revoked the tax exemptions of 275,000 non-profit organizations after they didn’t meet certain reporting requirements. Non-profits can have their tax exemption revoked for failing to file annual tax returns for three (3) consecutive years. The action represents about [...]

Let’s face it…Audits of any kind aren’t enjoyable, especially audits from the Internal Revenue Service (IRS). It’s been two months since April 18th and you’ve hopefully submitted your tax returns. If you owe the IRS money, chances are you’ve already received an invoice. Instead of an invoice, some other people have received ‘audit’ inquiry letters. [...]

Watch My Segment with Laura Ingle on FoxNews.com Live Watch the latest video at video.foxnews.com The Senate just shot down the request by banks to delay new rules that would greatly slash the fees that banks charge retailers to process debit card transactions. These are also known as swipe fees. It’s been reported that the [...]

The Associated Press recently reported that hackers have gained access to credit card information of some of Citigroup’s North American customers. Citigroup also says that hackers gained access to about 1% of those customers, or 200,000. The hacking incident at Citigroup Inc. could cost the company millions of dollars for customer notifications, card replacements and [...]

Tax day is upon us and many people wait until the last minute to file their income tax returns. Regardless of whether you have hired a CPA or prepared the returns yourself, you have enough to worry about. Before you file your tax returns, here are four last minute tax tips to remember: 1. Extensions: [...]

Visit msnbc.com for breaking news, world news, and news about the economy Taxes Continued! 3. Important Tax Credits & Deductions: Every year, millions of people leave tax breaks that they qualify for on the table. a. Health Care Premiums for Self Employed: If you’re self-employed and not covered by an employer-paid plan, though, you can [...]

Visit msnbc.com for breaking news, world news, and news about the economy Jansing & Co. – MSNBC Tax day is upon us and many people wait until the last minute to file their income tax returns. Regardless of whether you have hired a CPA or prepared the returns yourself, you have enough to worry about. [...]

If you’re an independent contractor, you chances are you’re subject to self employment taxes! According to IRS, you are self employed if you are a sole proprietorship or an independent contractor. As a result, self employed individuals and independent contractor must pay Self Employment Tax on the money they make. Self-employed individuals generally must pay [...]