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Don't Suffer the Alternative -- The Alternative Minimum Tax That Is: Reduce the Effect of AMT by ...766 days ago
CEDAR RAPIDS, IA--(October 24, 2007) - The individual Alternative Minimum Tax (AMT), implemented in 1969, is a parallel income tax system that was created to prevent 155 wealthy Americans from aggressively using tax credits, deductions, and legal tax shelters as tools to help them avoid having to pay federal income tax. The idea was simple: Create a minimum tax that ensured everyone pays Uncle Sam his due. Fast forward to present day and you'll find millions of middle-income Americans are now getting snared by the AMT. The main reason the AMT now reaches into the pockets of the middle-class is because regular income tax brackets are indexed for inflation but the AMT thresholds are not. The result has been the steady expansion of households who find themselves hit by the AMT -- especially households with a large number of children, education credits, residential energy credit and / or state and local taxes. Why haven't Americans been clamoring for an immediate overhaul to the ...
788 days ago
Cedar Rapids, IA - October 2, 2007 - 2nd Story Software®, Inc., developers of TaxACT® software, celebrates ten years of free federal Web-based tax preparation software and announces the immediate release of TaxACT® 2007 Preview products - now available. As a trusted and secure source for tax preparation and electronic filing services for millions of taxpayers, TaxACT.com is the only Web-based tax planning and preparation solution to offer taxpayers a year-round solution. Choosing the right TaxACT product is contingent upon the taxpayer's situation and the amount of assistance that s/he may need to recognize and take full advantage of the various deductions and credits that one is entitled to claim. TaxACT Standard, a popular choice among those who traditionally file a straight-forward federal return is free to prepare, print and e-file. The Deluxe version, which is $9.95 when you choose to print or e-file a federal return, is packed with additional help and guidance. In ...
932 days ago
2nd Story Software®, Inc., developers of TaxACT® software, recognized by critics and users alike as being America's #1 value-priced tax preparation software, reports continued growth at a rate faster than the growth of the general consumer tax preparation software industry. As a trusted and secure source for tax preparation and electronic filing services for millions of taxpayers, TaxACT continues to demonstrate that its unique and unprecedented completely free tax software offer is gaining acceptance by an increasing number of users who opt to e-file their federal income tax return. As of April 19, 2007, year-to-date 2,923,533 taxpayers have completed e-filing their own federal tax return using TaxACT. This is up from 2,450,849 e-filed returns for the same period the year before, and this represents a 19.29% growth year-over-year. At the same time, IRS data indicates that a total of 21,834,967 taxpayers have completed e-filing their own federal returns, up 10.62% over the prior ...
961 days ago
Have you been putting off doing your taxes? You're not alone. Despite the filing deadline being extended two extra days, millions of taxpayers are beginning to feel the pressure to finish their taxes. The reasons are plentiful as to why you may not have filled your 2006 tax return. Fortunately, however, you have a two more days to file your tax return this year. Because April 15 falls on a Sunday and April 16 is a legal holiday in Washington, D.C., you have until April 17 to file your return (without requesting an extension).
981 days ago
2nd Story Software®, Inc., developers of TaxACT® software, recognized by critics and users alike as being America's #1 value-priced tax preparation software, reports continued growth at a rate faster than the growth of the general consumer tax preparation software industry. As a trusted and secure source for tax preparation and electronic filing services for millions of taxpayers, TaxACT continues to demonstrate that its unique and unprecedented completely free tax software offer is gaining acceptance by an increasing number of users who opt to e-file their federal income tax return.
