The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.
“For those thinking about buying a new car this year, this deduction may give them [...]

The Internal Revenue Service is offering Alabama car buyers a tax break. The tax deduction is for next year’s taxes for vehicles purchased during certain times in 2009.
The tax agency announced Monday that individuals who buy a new car may be entitled to deduct Alabama and local sales and excise taxes paid on the [...]

Do the following simple review of just a few accounts on your financial statements to get a good reading.
First, print your Balance Sheet. Click Reports, then Company & Financial, choose Balance Sheet Standard. Click the Modify Report button and choose Report Basis - Accrual. Choose December 31, 2008 for the date. Finally, click OK (print [...]

All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service.
“This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need for the relief provided by the [...]

An effort to remove the state’s 4-cent sales tax from groceries failed in the Alabama House.
A vote to bring the proposed constitutional amendment up for debate failed on Tuesday. The House voted 56-42 for the bill, but that fell short of the 59 votes needed to bring it up for debate in the 104-member House.
The [...]