January 9, 2009
Hidden Treasures of the tax code
Tax time doesn't have to mean walking the plank. Buried in thousands of pages of tax code lies a treasure chest full of hidden gems for taxpayers -- and whether you're a business owner, a parent, an investor or all three, you can jump on these legitimate tax breaks to reduce your tax burden. Link to original articleMan Barred from Making Slavery Tax Claims
A New York man was temporarily barred on Friday from preparing income tax returns for others because he has been including bogus tax credits such as reparations for African-American slavery and segregation.
In certain financial planning circles, it is known as the stealth tax. In the language of the US Internal Revenue Service, it is known as Form 6251. But to investors like you, it is simply called the alternative minimum tax, or AMT.
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