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Taxes

Friday, October 5, 2012

IRS: Tax Extension Deadline is Oct. 15

If you are asked for a six-month extension to file or pay your income taxes, the deadline is upon you—again.

Nearly quarter of a million Virginia residents asked for a tax filing extension, and now have just one full week left before the deadline to finish their returns and submit them to the Internal Revenue Service. It seems like a lifetime ago, but it was only this spring when many rushed to file for a six-month extension, giving them until Oct. 15 to get their tax returns prepared or their taxes paid. About 243,000 Virginians have requested an extension, said Mark Hanson, a North Carolina-based IRS spokesman. A total of 11 million people in the U.S. requested an automatic six-month extension, but many of them have yet to file, he added. Most people will have to pay by the Oct. 15 deadline—in 10 days—but a few people, such as military members …

Friday, July 13, 2012

Poll: Should Obama Propose Extending Tax Cuts to All?

President Obama wants to extend tax cuts only to those making less than $250,000.

As President Barack Obama prepares to visit Fairfax County, one of the wealthiest counties in the nation, on Saturday, members of Congress are debating whether to heed his call to extend a Bush-era tax cut to families making less than $250,000. Republicans want to see that cut applied to all, including families making more than $250,000. House Majority Leader Eric Cantor, who represents Virginia's 7th Congressional District, said he would schedule a vote later this month to extend the cuts to all, including the wealthy. Obama has said he would veto anything that includes tax cuts for all. Former Gov. Tim Kaine, a Democrat and friend of the president, disagrees with Obama on the cut-off point. Instead of just extending the tax cuts for …

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T-Bird

10:53 am on Friday, September 21, 2012

When you say "poor" do you mean the 47% of the population Romney dismissed? I love this new party line where ONLY the rich create jobs. That IS rich! Perhaps you never heard of a guy named George Romney. Living on welfare and food stamps at one point, he made some money and is now rich and employs people. You speak of opprutunity, but it seems you mean only for the rich. While the rest of us …   more ›

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