Tax News

She mines popular memes for millions

Startup Print Syndicate is making millions by mining popular memes and turning them into T-shirts, pillows, posters and mugs....
Read More >

Why Americans Don’t Want to Soak the Rich

How you make sense of this seeming paradox of rising inequality and flat or declining support for redistribution depends on your ideological assumptio...
Read More >

Would You Let the I.R.S. Prepare Your Taxes?

The maker of the TurboTax tax preparation program opposes return-free filing, a system that might eliminate the use of its software....
Read More >

Tax Returns Show Cuomo’s Income Rose in 2014, Largely From Memoir Deal

Gov. Andrew M. Cuomo received a $376,667 payment for his book, which has sold only 3,000 hardcover copies. Mayor Bill de Blasio and his wife, Chirlane...
Read More >

Dirty tax secrets: The little lies we tell on our taxes

Boosting a number here, reducing a number there. Whether inadvertently or intentionally, a lot of us may end up reporting a little bit of fiction on o...
Read More >

What happens when you can't pay what you owe the IRS

Read full story for latest details....
Read More >

When Taxes Aren’t a Drag

Low-wage workers with kids know that tax season brings a huge boost....
Read More >

I.R.S. Is Looking Into Captive Insurance Shelters

Captives can be designed so the risks they insure are so unlikely they will never pay a claim and all the premiums will go back to the owners or their...
Read More >

Obamas’ Tax Return Shows Most Income Is From Salary

The tax return showed that President Obama, who in 2008 and 2009 received $8.1 million from his two autobiographies, last year earned most of his mone...
Read More >

An Extension Sends Tax Season Into Overtime

By filing for an extension, a taxpayer can go beyond the April 15 deadline in filing a return, but there are downsides....
Read More >

The Obamas paid $93,362 in federal income taxes

Read full story for latest details....
Read More >

Average tax refund tops $2,800

The majority of U.S. tax filers have been getting refunds. With less than a week to go before April 15, the IRS has already paid out $217.35 billion o...
Read More >

Top 400 taxpayers' average income jumps to $336 million

Not only did the top 400 taxpayers make far more in 2012 than in the prior two years, they ended up paying a lower percentage of it to Uncle Sam....
Read More >

What Rand Paul's flat tax plan would look like

The new presidential candidate's proposal for a one-rate tax system will be a key hallmark of his campaign....
Read More >

Carried Interest Should Be Disclosed on Tax Forms, and to Private Equity Investors

Requiring investment funds to disclose carried interest on tax forms would help investors as well as makers of tax policy....
Read More >

When the IRS can keep your refund

The government can keep some or all of your tax refund if you have any government or court-ordered non-tax debt that you've been delinquent in paying....
Read More >

Where the highest U.S. earners live

In terms of paycheck, New Yorkers do better on average than the rest of the country. But if the focus is on investment income and overall income, resi...
Read More >

You've never seen IRS penalties like these

Read full story for latest details....
Read More >