Daily Archives: June 18, 2010

Nightmare vision for Europe as EU chief warns ‘democracy could disappear’

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel…

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HOW MUCH WILL EUROPE DEBT CRISIS AFFECT AMERICANS?

A Clear Look At The Current Risks To The US Economy

Anxiety about Europe’s debt crisis last month caused U.S. stocks to suffer their worst month in more than a year. Yet many experts say fears that Europe will deal

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Universal Accounting – Potential Health Grants Can Benefit Your Small Business

Small businesses generally don’t have the funds to initiate a wellness program with their employees. The new health reform bill will change all that.  Most agree that promoting good health in the workplace can ultimately benefit small business.  Not only…

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Feds Tell Unemployed: Doesn’t Pay To Work

A federal law is creating an incentive for unemployed workers not to seek part-time jobs, according to critics of a law that slashes unemployment benefits for workers who take temporary jobs.When Rachel Grossman, a retail manager, lost her job last…

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TIGTA Report Uncovers Homebuyer Credit Fraud

A recent report released by the Treasury Inspector General for Tax Administration (TIGTA) reveals that additional steps are necessary to prevent fraud and abuse with regard to the first-time homebuyer credit. It should have come as no surprise

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Illegal is Illegal

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Recent IRS announcements

  • IR-2010-77, Deadlines Extended for Certain Retirement Plans in Eight States
  • IR-2010-74 Affordable Care Act Provides Expanded Tax Benefit to Health Professionals Working in Underserved Areas
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Power of Attorney Processing Delays Continue

The IRS has stated that because there is such an increase in filings of Form 2848, Power of Attorney and Declaration of Representative, and Form 8821, Tax Information Authorization, it is taking them at least 15 days to process the…

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IRS Provides Tax Help, Guidance to Gulf Oil Spill Victims

The Internal Revenue Service is providing guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and has announced a number of new efforts to help affected taxpayers, including a special Gulf Coast

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US “Discovers” Nearly $1 Trillion In Mineral Deposits In Afghanistan

And there are those who wonder why the US has spent countless dollars and thousands of dead soldiers protecting a few desolate mountain passes in Afghanistan. And no, it turns out it is not just the opium trade. The NYT

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