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November 20, 2008



Tax-exempt hospitals may reclassify bad debt

NORTHEAST FLORIDA -- Nonprofit, tax-exempt hospitals in Northeast Florida could soon have to consider spending more of their dollars on charity care in order to keep their tax-exempt status. Read more here

Survey ranks South Dakota fifth in scope of state sales tax

PIERRE, S.D. - A survey by the Federation of Tax Administrators shows South Dakota has among the most sweeping sales tax systems in the nation. According to the survey, only four states tax more different services than South Dakota.

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What to do with all those tax records?

When it comes to tax paperwork, many people are adamant about keeping every scrap of paper, often believing those documents will save them if the Internal Revenue Service comes knocking. But that’s not necessarily the case. Bankrate.com tax writer Kay Bell has these tips on how to sift through piles of tax-related documents and keep only the ones you really need. •  What to keep. Hang on only

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