Tax News

The Latest

  • April 25, 2013

    Are you happy and relieved that April 15 has come and gone? I am! I love tax day, but that wasn’t always true for me. Tax day is a mirror for your relationship with money. For most people, taxes are their biggest expense of the year. 

    What...

  • April 9, 2013

    The heads of the two tax-writing committees in Congress brushed aside skeptics on Monday and pledged in an opinion piece published in the Wall Street Journal to seek a bipartisan tax code overhaul despite fierce political headwinds.

    ...

  • April 9, 2013

    Tax day this year falls on a Monday, making it all the more enticing for procrastinators to attempt to cram in all their accounting on the weekend prior.

    If this is your plan, you have a little bit of an excuse: The tax season started...

  • April 7, 2013

    NEW YORK (MainStreet) — The clock is ticking for millions of U.S. taxpayers working toward the IRS deadline for filing their taxes, April 15.

    Why...

  • April 4, 2013

    Do you need to file a state income tax extension? While it’s fairly simple and streamlined to file a federal tax extension, state extensions vary depending on where you live.

    Because of this, we’ve compiled a list of where to go for each...

  • April 3, 2013

    Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a 3.8 percent tax on investment income intended...

  • April 1, 2013

    The U.S. Internal Revenue Service on Wednesday lost a request to prevent the partial shutdown of its tax return preparer regulatory program pending an appeal.

    In a one-page ruling, the U.S. Court of Appeals for the District of Columbia...

  • April 1, 2013

    The U.S. Internal Revenue Service on Thursday broadened a crackdown on tax related identity theft to include all 50 states, allowing local law enforcement officers limited access to IRS documents.

    Under the IRS program, police can gain...

  • March 21, 2013

    You do — which comes to most people as a surprise.

    You probably know that you owe a nanny tax on the wages of a regular babysitter. That same tax applies to any household employee. That includes someone you hire to clean your house, even...