Tax News

The Latest

  • May 27, 2015

    This article gives you the tax rates and related numbers that you will need to prepare your 2015 income tax return. In general, 2015 individual tax returns are due by April 15, 2016.

    If you are looking for 2014 tax rates, you can find them...

  • March 11, 2015

    Below are the tax rates and related numbers that you will need to prepare your 2014 income tax return, which is due by April 15, 2015.

    2014 Income Tax Brackets

    There are 7 tax brackets for the Federal income tax: 10%, 15%, 25%, 28%, 33%,...

  • March 3, 2015

    The table below shows the 2015 deadlines for filing 2014 individual income tax returns, as well as deadlines for tax extensions. One important thing to note is that you can file your taxes anytime after...

  • February 2, 2015

    Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes effect. This means that each and every taxpayer (and family member) is now required to maintain basic health insurance, also called “...

  • January 15, 2015

    IRS Newswire just released this information about the upcoming tax season:

    “The Internal Revenue Service announced the on-time opening of the nation’s 2015 filing season and highlighted a growing array of online services, including...

  • September 23, 2014

    Every year, the IRS publishes a list of the “Dirty Dozen” tax scams that pose the most danger to taxpayers at large. If you fall prey to one of these scams, you are at risk for owing the IRS a large sum of money. In extreme cases, a tax scam can...

  • August 15, 2014

    The Internal Revenue Service (IRS) and the Treasury Inspector General for Tax Administration (TIGTA) say that a number of individuals have received unsolicited phone calls from people claiming to be the IRS and demanding immediate payment of...

  • July 17, 2014

    On Wednesday, Congressional Republicans claimed that new emails reveal the former Internal Revenue Service (IRS) official, Lois Lerner, was deliberately seeking to conceal information from Congress. Lerner, the former Director of Exempt...

  • July 1, 2014

     

    WASHINGTON ― The Internal Revenue Service announced the adoption of a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation'...

  • June 27, 2014
     

    When it comes to taxes, wouldn’t you love to be able to use the same annoying excuses as the IRS?

    Rep. Steve Stockman (TX) thinks so. He even came up with the legislation.

    It’s called “The Dog Ate My Tax Receipts Act” and it...