The Family Resource Center of Raleigh (FRC of Raleigh) has been a major force for strengthening the family unit. Its various programs are designed to keep families together under one roof with the kids in school. Continue reading
Taxes
Medical Expense Tax Deductions Changing in 2013
Even with the help of health insurance, medical expenses cost a whole lot and they are only continuing to rise year after year. The good thing is that insurance premiums, co-pays and uncovered medical expenses are deductible as itemized deductions on your tax returns. Whether you are covered by your employer or by an individual coverage, there are some tips that you can use to make sure you are maximizing your deductions. Continue reading
South Carolina allows hackers access to your bank account
In one of the most embarrassing blunders made by state officials, South Carolina has failed to protect the private information of its tax filiers. Social security numbers and bank account numbers are now in the hands of hackers. Continue reading
November is high time for income tax lenders
Families who fail to save money for the holidays risk falling deeper into debt trying to manage holiday spending. Income tax loans are one of the worst ways to raise quick cash for the holidays, yet thousands flock to providers that promise quick cash at horrendous terms. Continue reading
Forty-seven percent of Americans don’t pay income tax…
“There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that’s an entitlement. And the government should give it to them. And they will vote for this president no matter what…These are people who pay no income tax.” Continue reading
The “tax-free weekend”: A temporary solution to a long-term problem
From August 3 to August 5, North Carolina had a “tax-free weekend.” During these days, people were able to purchase school supplies without paying the 4.75 to 7.75% sales tax. (While the minimum is 4.75%, most NC counties have a 6.75% sales tax.) Other sales tax-exempt items were clothing and footwear under $100, sports equipment under $50, computers under $3,500, and computer equipment retailing less than $250. One of my family members was able to save over 7 percent on an $800 computer he will be using for college, and millions of people across the state were able to save a little on their back-to-school purchases. I thought every state had a tax-free weekend at the beginning of August, but I was surprised to find only 20 states and DC have a tax holiday during the year, and not all of them deal with just school supplies. I was also surprised to find out the origin and politics involved in these holidays. Continue reading
Juceam Group is Tax Lady Roni Deutch Redux
Tax Lady Roni Deutch allowed reprehensible activities to occur at her former law firm. Despite a $34 million lawsuit, allegations of destruction of evidence and contempt of court charge, she has defied authorities in so many ways that it seems there is no limit to her audacity. That arrogance is now firmly in the hands of her successor firm, the Juceam Group. Continue reading
Absolute Collection Service loses, yes you guessed it, a debt collection case for taxes owed
The largest collector of medical debt in North Carolina fought tax assessments on three corporate jets for five years. Now it has agreed to pay up after losing appeal after appeal. Does that make Absolute Collection Service a victim of its own game? Continue reading
Tax Day is NOT today! (April 16)
The story of the income tax begins in 1861, when the Union passed the Revenue Act to fund the Civil War. The legislation was renewed pretty much every year, until a subsequent piece of legislation in 1894, called the Wilson-Gorman Tariff Act, was deemed unconstitutional by the Supreme Court. Whether you feel the income tax is constitutional or not, the 16th Amendment was ratified in 1913, allowing Congress to levy income taxes. Today, Americans unofficially celebrate “Tax Day,” the day of the year where we are supposed to report our earnings to the Internal Revenue Service. (Unless, of course, we are approved for an extension, in which case we get an extra six months to report.) Tax Day is typically the first day of the year where people no longer have to dig through a giant pool of paperwork in order to calculate what exactly we made last year and what exactly we can count as a tax exemption. I’m writing this article on April 16, and you might be fretting because you thought the deadline to file your taxes has already passed. Don’t fear, however, because in 2012, you still have one more day! (Thank 16th US President Abraham Lincoln for this.) Continue reading
How to Choose Home Energy Tax Credits
By installing insulation, replacing leaky windows and doors, and replacing old furnaces and air conditioners with energy-efficient models, you can raise your comfort level and lower your energy bills. Yes, these projects do cost money but it will be for your benefit at the end of the day. Continue reading
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