Tax News

One Top Taxpayer Moved, and New Jersey Shuddered

The hedge fund manager David Tepper’s relocation to Florida is a case study in how tax collection changes when income becomes concentrated in the ha...
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$458 billion in taxes go unpaid every year

The IRS has updated its estimate of the 'tax gap' -- taxes that are owed but go unpaid....
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Unpaid Annual Taxes Rise to $458 Billion, I.R.S. Reports

The agency attributed the increase to better estimates, but Senator Orrin G. Hatch called for it “to get smarter about guaranteeing tax compliance....
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Missed the Tax Filing Deadline? Don’t Wait Much Longer

The I.R.S. may not contact you until fall about the delay, but if you owe, penalties and interest began accruing last week....
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I.R.S. Fights Back Against House Republicans’ Attacks

A measure passed Thursday barring bonuses until customer service improves was just one of six anti-I.R.S. measures the House approved this week....
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$20 Billion in Tax Credits Fails to Increase College Attendance

Researchers found no impact on increasing education, but eliminating paperwork and delivering dollars at the right time could work....
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Donald Rumsfeld rants about tax code madness

Donald Rumsfeld sends a letter to the IRS every year pleading for tax simplification. He's still waiting for a response....
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What your 2015 income tax dollars paid for

Health and defense sucked up half of your federal income tax dollars, while less than two cents of every dollar you paid went to housing or to science...
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Connecticut Chooses to Cut Jobs Over Increased Taxes in Budget Crisis

Starting with a wave of layoffs last Monday, and despite union advertising, Gov. Dannel P. Malloy has focused on trimming overhead as taxable personal...
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Obama Tax Return Hints at His Post-Presidency Plans

The president cashed out nearly $1 million in investments last year, which suggests preparations for large expenses, like buying a house....
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Use your tax refund to buy tax prep stocks?

The tax deadline is almost here! Turbo Tax owner Intuit is thriving while rivals H&R Block and Liberty Tax struggle....
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6 (not so) dumb tax questions you're too embarrassed to ask

Here are answers to a few seemingly dumb and super-simple tax questions that actually are neither....
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Tax Return Not Done? File for an Extension

As tax day approaches, requesting an extension for filing your return can help you reduce errors and avoid penalties for missing the deadline....
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20% of big companies pay zero corporate taxes

A new report from the Government Accountability Office, which conducted its analysis at the behest of Senator Bernie Sanders, found that a fifth of la...
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Europe plans to force big firms to come clean on profits and tax

Thousands of big companies could soon be forced to publicly divulge their juicy secrets about earnings and taxes around the world, under new rules pro...
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Cuomo’s Tax Cuts, Boon for Middle Class, Come With Risk

While the cuts are projected to save taxpayers more than $20 billion by 2025, critics fear that they could leave the state open to financial pitfalls....
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Doing Your Taxes? Here Are Some Last-Minute Tips

There’s not much time left to get your paperwork together and finish those tax returns. We’ve collected advice and guidance to help you out....
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12 biggest tax scams to avoid

There's no end to the creative ways scammers will try to steal your identity and your money. And tax time is one of their favorite times of the year. ...
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Quiz: Is it tax deductible or not?

Sometimes even the strangest things can be justified as legitimate deductions on your federal tax return.Podcast favorites: Blindsided: How ISIS Shook...
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