Tag Archives: Unemployment

Learn About Tax Liability

Tax liability can have you make wrong choices. However, the IRS has been helpful to some people in difficulties such as these. For example, the unemployed and people running small business will benefit from the ‘fresh start’ initiative. In fact, their installment agreement will ensure that there is easier and rational payments made.

Doug Shulman, the IRS commissioner stated that the agency has a duty to work with troubled taxpayers to meet their tax liabilities. Taxpayers have to understand the penalties against defaults arising out of failure to pay taxes on time. For example, 5% of unpaid taxes will be … Read the rest

Did Tim Geithner Use Turbo Tax to Determine the Detroit Employment Rate?

The Obama administration has been pushing hard recently to receive the American public’s approval of the bailouts given to America’s top automakers. Started by the preceding White house administration, these bailouts have proved to be a failure in the current administration’s policy where taxpayers once again have to pick up the tab. Taxes 2010 accounted for a majority of what the last two White House administrations paid the top automakers in Detroit to increase jobs and spurt economic growth.

Treasury Secretary Tim Geithner recently claimed that the bailout led to an increase in jobs in the city of Detroit. When … Read the rest