Tax News

The Latest

  • February 13, 2013

    It's that time of year again. Tax season is here and a lot of people are in the process of preparing their tax-related documents. Unfortunately, scam artists are also hard at work to try to separate you from your hard-earned money....

  • February 13, 2013

    Coverdell education savings accounts have never really drawn many headlines, even when unexpectedly saved from extinction as part of Washington's "fiscal cliff" deal.

    Much like the 529 college savings programs that are familiar to many...

  • February 13, 2013

    Giving is a virtue under the U.S. tax code, but concern is growing among philanthropic leaders about the charitable contributions deduction, a key fund-raising tool for charities.

    Worried that federal deficit-fighting efforts are putting a...

  • February 13, 2013

    A former U.S. Postal Service carrier and a co-defendant pleaded guilty on Monday over their roles in a scheme to obtain $65 million of bogus income tax refunds with taxpayers' stolen identities, one of the largest such frauds ever uncovered, U.S...

  • February 12, 2013

    NEW YORK (MainStreet) — Pew Research calls it the “Lost Decade Of the Middle Class.”

    “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth and shed...

  • February 12, 2013

    It doesn't matter what you want to do with your mobile device; it seems like there's an app for anything and everything you can think of. Well, being that it's tax season it should come as no surprise that there's an app for that...

  • February 12, 2013

    When you’re hunting for tax savings on your 2012 returns, comb through the way you paid your taxes in the past. You might have missed an easy write-off that’s waving its hand and shouting, “look at me!” For example:

    ...

  • February 10, 2013

    NEW YORK (MainStreet) — Did you forget to say happy birthday to income taxes? Feb. 3 was the 100th anniversary of the ratification of the 16th Amendment...

  • February 8, 2013

    Withholding tax (also known as “payroll withholding”) is essentially income tax that is withheld from your wages and sent directly to the IRS by your employer. The employer then sends the withheld amount to the appropriate taxing authority....