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16 June 2009
If you plan to buy a new car this year then this couldn’t have come at a more apt time as the U.S. Treasury Department and the Internal Revenue Service announced last week that a sales tax break would be levied on new vehicles bought in the United States. All this is attributed to the [...]
Posted in Economy0 Comments
13 June 2009
Former AT&T chairman and CEO Edward Whitacre Jr. would head GM’s board post GM’s bankruptcy protection recovery. The 67 year old ex AT&T CEO will replace Kent Kresa, though Kresa will continue to serve as the interim chairman of the company till it recovers from bankruptcy. Whitacre was responsible for the company’s sales and acquisitions [...]
Posted in Economy, Energy0 Comments
13 June 2009
In reaction to President Obama’s proposed plan on changing the income tax deferment rules for corporates, Steve Ballmer the Microsoft CEO warned that Microsoft would move a chunk of it’s operations overseas. Bloomberg News reported that Ballmer remarked that he would move the jobs overseas if the purported international tax reforms are passed stressing on [...]
Posted in Economy, Jobs0 Comments
13 June 2009
In an announcement today, IRS officials stated that they taxpayers can now depend on the defined “United States person” status as put forward earlier in an instruction to the FBAR form for determining eligibility rules. This is applicable to the taxpayers who are nearing the 30th June 09 last date for filing the FBAR form.
Posted in Banking, Saving & Investing0 Comments
13 June 2009
Looks like the retail mania of offering discounts has not spared even the United States Treasury either. At a time when the Nationwide Tax Forums commence, the treasury invites professionals in the field of finance, mainly tax planners to register early for one of the 6 forums and avail a discount on the full registration [...]
Posted in Saving & Investing0 Comments
12 June 2009
It is sometimes hard to believe that we still live in the same world where not so long, mutual funds were considered “incomprehensible”, life was a lot simpler with a fixed plan in every student’s mind when they entered graduate school. The common ingredients to this recipe of a successful life usually consisted of studying [...]
Posted in Saving & Investing0 Comments
12 June 2009
The time just does not seem right either for school leavers or for those leaving graduate school. With stars in their eyes, these students had worked hard to get into their dream graduate school. But with recession looming large, just hard work alone is not sufficient as money appears to be the reason many high [...]
Posted in Economy, Education0 Comments
12 June 2009
Speaking at the launch of the “Tax Return Preparer Review”, Doug Shulman the IRS commissioner said that by 2009 end, an intensive set of recommendations would be proposed so that IRS could leverage the preparers with goals higher compliance from taxpayers and ensure high levels of moral and ethical conduct for the tax return preparers. [...]
Posted in Banking, Economy, Saving & Investing0 Comments
10 June 2009
Ten big banks from the United States have got the green signal from the Treasury Department to repay the $68 Billion of the government bailout money. This comes in wake of the complaints made by the bank officials that the restrictions that the government had imposed made it difficult for these banks to retain the [...]
Posted in Banking, Economy0 Comments
09 June 2009
Last week Bank of America Corp announced that 2 of its directors have resigned from the board committee, bringing the total number of people who resigned since April to five. The stepping down of Patricia Mitchell and Jackie Ward, effective this June 3rd is no surprise as it was a part of the overhaul process [...]
Posted in Banking0 Comments
