President Donald Trump’s immigration crackdown is worrying some of the nation’s blueberry farmers. Bill Mortellite, the third generation of his family to grow blueberries in Hammonton, New Jersey, the self–described “Blueberry Capital of the World,” typically needs about 125 workers to harvest his 240-acre farm. This year, he thinks he will be lucky to find 10…
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The IRS is blaming a shrinking budget and a dwindling staff as the reasons why audits of individuals have dropped to their lowest level in 13 years. In fiscal year 2016, just 0.7 percent of individual taxpayers were audited, either in person or by mail, which is the lowest audit rate since 2003, the Associated…
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If you owe the IRS a whole lot of tax money, you may lose your ability to travel abroad… if you do absolutely nothing to address the debt. Oh, and if Uncle Sam ever gets around to enforcing that penalty. Back in December 2015, Section 7345 of the tax code went into effect and gave…
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President Trump heaped new praise Friday on Canada’s immigration system, which has served as a model for countries around the world because it focuses more on immigrants who can contribute to the economy than those with little more than family ties. Trump sent out a Tweet after apparently watching a segment on Fox & Friends…
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Congratulations! You made it through another year. What better way to start 2017 than with 17 great money-saving tax deductions? Use them to save money on your 2016 taxes if applicable, and keep them in mind to save on next year’s taxes as well. 1. Charitable donations: Donations to a qualified charitable organization are deductible…
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Looks like the IRS is going to be a little more lenient on people who don’t disclose if they have health insurance. Under the Affordable Care Act, ACA, or Obamacare (whichever you prefer to call it) Americans must have health insurance coverage or pay a stiff penalty. For the 2016 tax year, the penalty could…
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WASHINGTON — President Trump has a rocky history with the Internal Revenue Service, which he has complained audits him with unfair ferocity. Now he wants to significantly cut the tax agency’s funding at a time when it has already been bleeding staff and struggling to keep up with a flood of returns ahead of Tax…
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Sen. Marco Rubio has said that immigration reform is “difficult but…possible.” The Florida lawmaker made the comments on FOX News Wednesday, the day after President Trump gave an address which mentioned the issue several times. During his interview, Rubio outlined a three-step approach which involves enforcing current laws, modernizing the criteria for determining who stays,…
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WASHINGTON — The Internal Revenue Service announced today that unclaimed federal income tax refunds totaling more than $1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return. To collect the money, taxpayers must file a 2013 tax return with the IRS no later than…
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WASHINGTON — Taxpayers can get the most out of various tax benefits and get useful tips on preparing their 2016 federal income tax returns by consulting a free, comprehensive tax guide available on IRS.gov. Publication 17, Your Federal Income Tax, features details on taking advantage of a wide range of tax-saving opportunities. This includes tax…
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