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Is Avoiding Income Tax Moral

The closest the Supreme Court has come to saying that "from whatever source derived" in the amendment expanded the taxing power of Congress was in Justice Holmes' dissent in Evans v Gore (253 U.S. 245, 267 (1920). (Holmes dissent) (Partially overruled by U.S. v Hatter. 532 U.S. 557 (2001), with respect to the prior reasoning about the compensation clause.)). In that case, the Court was considering Read More...

IRS Assumes AMT Patch Even Before Congress Changes the Law

In unprecedented action, the IRS has jumped the gun and changed its Alternative Minimum Tax form Form 6251 to reflect the current estimate of what the AMT exemption amount would be if and when Congress enacts this year's AMT patch. Individual taxpayers should proceed with some caution at this point, however, until the law actually is changed. While it is expected that the current logjam bet Read More...

Home Affordable Guidelines for Rental Income

If you own a rental property below is information you will want to know before you apply for your loan modification. This is for homeowners who are trying to modify their primary home, but may have other property they own. If you are trying to modify your investment home, it will not qualify under the government's Home Affordable, because under that program it needs to be your primary home. Lend Read More...

2010 Free Federal Income Tax Form 1040 and 1040A

The Form 1040, U.S. Individual Income Tax Return, is the starting form for personal (individual) Federal income tax return filed with the Internal Revenue Service (IRS) in the United States. The first Form 1040 was published for use for the tax years 1913, 1914, and 1915. Beginning with the tax year 1916, Form 1040 was converted to an annual form (i.e., updated each tax year with the new year prin Read More...

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