Archive for February, 2009
$8,000 Tax Bonus for First-time Homeowners
Obama stimulus plan includes up to $8,000 of tax credit for those who purchase home first time. At times when real estate business has stalled, this dangling a carrot in front of would-be buyers is aimed at bringing housing industry back to life. The tax...
Read the full articleIRS to Crack UBS Vault Open
You better come in now before your name comes out. The message of the IRS is clear. While Swiss banks are renown for their privacy, they have become the resort of tax evaders ot large proportions. With recession hammering harder, IRS sems determined to...
Read the full articleBushfire Tax Relief
In an effort to help those who suffered most from the bushfires, the government of Victoria announced an extensive stamp duty relief. Businesses that were incapacitated as a result of the fires will also be relieved of land tax. This tax relief also extends to...
Read the full article2005 US Tax Refunds Closing Soon
US tax law gives people who have worked in the states up to three years to claim back a tax refund of any overpaid tax. For 2005 US tax refunds the three years is now up and the deadline for claiming a refund is approaching fast - applications close...
Read the full articleCanadian Tax Season Kicks Off
The ski season in Canada may be drawing to a close but the tax season is just beginning! In two weeks time the Canadian tax office will begin accepting applications for Canada tax refunds from the 2008 tax year – which ended on December 31st....
Read the full article$50 removed from Australian tax refunds
The Australian Government has made some amendments to the Nation Building and Jobs Plan which includes making changes to the size of the promised tax bonus. According to ATO the changes are made to ensure the passage of the plan while at the same time...
Read the full articleUSA Expatriates Tax Liability
Expatriate US citizens and green card holders get entangled in complex tax situation each year, when filing their foreign and domestic tax return. In difference to most countries, the United States taxes per citizenship rather than residence. This means that, if you are an American...
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