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If you are self-employed and live in the United States or Canada, you can probably reduce your taxes with a small business run with an honest expectation of profit and where your expenses are ordinary, necessary, and reasonable for that business. It's that simple.
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Rangel Admits Owing Taxes On Rental Income (The Record)
WASHINGTON - Rep. Charles Rangel, the head of the House tax-writing committee, admitted Wednesday that he owes about $5,000 to the Internal Revenue Service for failing to report income on his returns.
Rangel Says He Will Pay Back Taxes; GOP Wants Him Out Of Chairmanship (Washington Post)
As House GOP leaders called for his removal from the powerful chairmanship of the House Ways and Means Committee, Rep. Charles B. Rangel (D-N.Y.) announced yesterday that he will repay an unspecified amount in back federal, state and local taxes on unreported income from a Dominican Republic...
Rangel On Rental Income Tax: I Didn't Know (WNYC New York Public Radio)
Congressman Charles Rangel -- chairman of the House Ways and Means Committee, which writes the nation's tax code -- says he didn't know he had to pay taxes on rental income from his vacation home. R....
Obama And McCain Plans For Income Taxes (CBS News)
In the first installment of "Where They Stand," Anthony Mason takes an in-depth look at each of the candidates' plans for personal income tax - and how each could affect your wallet.
Rangel Admits Taxes Not Paid On Rental Income (AM New York)
Rep. Charles Rangel -- the powerful lawmaker besieged by questions about his personal finances -- has admitted he owes $5,000 to the IRS for mistakes on his taxes.
U.S. House Tax Chief Says He'll Pay Owed Taxes (Reuters Via Yahoo! News)
The powerful head of the tax policy committee in the House of Representatives said on Wednesday he will pay several thousand dollars in back taxes on investment income from a villa he owns in the Dominican Republic.
RANGEL ADMITS HE OWES $10,000 IN TAXES (New York Post)
Rep. Charlie Rangel admitted this morning that he owed more than $10,000 in back taxes from unreported rental income on his Caribbean villa but vowed that the controversy won't force him to relinquish his powerful leadership position...
Rangel Admits Error On Taxes; Won't Quit Post (NPR)
New York Rep. Charlie Rangel says he made mistakes on his tax returns and will pay $5,000 in federal taxes owed on income from vacation property in the Dominican Republic. The head of the tax-writing Ways and Means Committee says he won't step aside, however.
Rangel Also Owes U.S. Back Taxes On Rental Of Island Villa, His Lawyer Says (New York Times)
Representative Charles B. Rangel, chairman of the Congressional committee that writes the nation?s tax code, failed to pay an unspecified amount in federal taxes during the past five years on rental income from a villa he owns in the Dominican Republic, his lawyer said on Tuesday.
Rangel Owes U.S. Back Taxes, Lawyer Says (New York Times)
Representative Charles B. Rangel failed to pay an unspecified amount in federal taxes on rental income, his lawyer said.
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