Tax News

The Latest

  • July 17, 2013

    You may have noticed a bigger bite out of your paycheck since January, 2013.

    The monster responsible is payroll taxes. That is because politicians allowed the ...

  • July 16, 2013

    Occasionally an article will pop up about the hard-edged stance the IRS takes with small businesses, and particularly sole proprietorships.

    Always, the implicit...

  • July 8, 2013

    Financial pressure in Congress has caused substantial changes in Federal taxation. Here is a list of those changes, sectioned off by who the changes will most likely affect.

    Everyone

    Medical and dental expenses: You can...

  • June 25, 2013

    Ever heard the saying “There is no such thing as a free lunch?”

    Well, it can be true for the IRS, because if your employer provides that lunch free of charge, then the IRS could tax you on it.

    ...

  • June 7, 2013

    Internal Revenue Service officials on Thursday tried to tame another scandal plaguing the agency, apologizing to lawmakers for a lavish 2010 conference in California that included an elaborate Star Trek spoof training video.

    "After I saw...

  • June 7, 2013

    Switzerland's parliament halted a bill on Wednesday that would let Swiss banks hand over client information to the U.S. authorities as part of a clampdown on tax evasion, saying it needed to know more about what the deal involved.

    The...

  • June 7, 2013

    The Internal Revenue Service is a long way from developing a system to verify an individual's annual income-tax filing before sending out a refund, a government watchdog said on Tuesday.

    Individuals who under-report income on their taxes...

  • June 7, 2013

    A lone Republican lawmaker blocking Senate votes on several tax treaties is a concern, but won't stop a new anti-tax evasion law from taking effect in 2014, a Treasury Department official said on Tuesday.

    Republican Senator Rand Paul's...

  • June 7, 2013

    The world's wealthy will continue to trust their fortunes to stable, neutral Switzerland even as a clampdown on tax evasion undermines the country's secrecy laws, Swiss bankers said.

    "The worn-out cliche has it that the sector was built on...