Tax News
Win a Super Bowl bet? It's taxable
Tue, 31 Jan 2012 7:00 pm - Bankrate.com
The IRS will have a hard time collecting from winning wagers on the Super Bowl game.
Tue, 31 Jan 2012 1:58 pm - IRS News Releases
IR-2012-13, Jan. 31, 2012 – The IRS and Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft.
You can file your return without 1099 forms
Mon, 30 Jan 2012 7:00 pm - Bankrate.com
Still waiting on 1099 forms to file your return? You can do your taxes without them.
Getting (tax) credit for college expenses
Mon, 30 Jan 2012 7:00 pm - Bankrate.com
Use the American opportunity credit to help pay college costs, including tools required for school.
Video: Uncle Sam can help with child care costs
Mon, 30 Jan 2012 7:00 pm - Bankrate.com
If you send your kids to day care so you can work, check out the child care tax credit.
Claiming an adult child as a dependent on your taxes
Mon, 30 Jan 2012 5:39 pm - USATODAY.com
Your unemployed adult child is living in your basement. Does that mean you can claim him as a dependent on your tax return?
What You Can Learn From Mitt's Tax Return
Mon, 30 Jan 2012 5:00 pm - WSJ.com
Republican presidential candidate Mitt Romney's 2010 filing is a case study in tax planning. Here is a guided tour.
Maximum Money: Five Tools to Lower Your Tax Bill
Mon, 30 Jan 2012 3:20 am - WSJ.com
Losses in the stock market and investments in infrastructure bonds can help reduce the taxes you have to pay this year.
What to do if you don't get your W-2
Sun, 29 Jan 2012 7:00 pm - Bankrate.com
If your wage statement gets waylaid, here's a substitute the IRS will accept.
Blessings of Gridlock: Few Changes in Taxes
Sun, 29 Jan 2012 12:01 am - WSJ.com
Taxpayers will have to grapple with relatively few tax-law changes on their federal income-tax returns for 2011, but some of the new forms and changes there are can be tricky.
Sat, 28 Jan 2012 12:01 am - WSJ.com
If you're self-employed and in the top echelon of earners, there's a big potential retirement-plan tax break available to you—and you don't even have to be Mitt Romney to get it.
Fri, 27 Jan 2012 1:24 pm - IRS News Releases
IR-2012-11, Jan. 27, 2012 — Millions of Americans who earned $49,078 or less may be able to take advantage of the Earned Income Tax Credit. Taxpayers should look into the credit to see if they qualify, especially if their financial, marital and parental statuses have changed recently.
Free Tax Help Available Nationwide
Fri, 27 Jan 2012 11:04 am - IRS News Releases
IR-2012-12, Jan. 27, 2012 — Free tax preparation services for low- to moderate-income or elderly taxpayers are available nationwide.
Household employers face tax deadline
Thu, 26 Jan 2012 7:00 pm - Bankrate.com
Did you hire someone to help around the house? You could have some tax housekeeping to do by Jan. 31.
8 tax breaks that cost Treasury trillions
Wed, 25 Jan 2012 7:00 pm - Bankrate.com
As Congress tries to reduce the deficit, your favorite tax breaks may be on the chopping block.
What to do with your tax refund
Wed, 25 Jan 2012 7:00 pm - Bankrate.com
You can direct deposit and split your tax refund among as many as four different accounts.
The Tax Implications of Foreclosures
Wed, 25 Jan 2012 11:14 am - SmartMoney.com
Bischoff: In Part 1 of a two-part series, we look at the federal tax implications of a principal residence foreclosure.
10 sweet often-overlooked tax breaks
Tue, 24 Jan 2012 7:00 pm - Bankrate.com
Nobody wants to overpay the IRS. These often-forgotten breaks could lower your tax bill.
How 3 homeowners fought their property tax bills
Tue, 24 Jan 2012 7:00 pm - Bankrate.com
Property taxes are appealing only when that means you're fighting them. See how it's done.
Romney made $42.7 million in 2 years
Tue, 24 Jan 2012 12:13 pm - CNNMoney.com
Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.
Tue, 24 Jan 2012 12:07 pm - CNNMoney.com
Which presidential candidate paid the most in taxes? Who is the most charitable? Here's an inside look at the top candidates' 2010 income tax returns.
Don't let your tax break get washed away
Mon, 23 Jan 2012 7:00 pm - Bankrate.com
Did you sell a loser stock? Before you buy it back, make sure you don't violate the wash sale rules.
Who pays tax on disability benefits?
Mon, 23 Jan 2012 7:00 pm - Bankrate.com
Social Security disability benefits are taxable, depending on your level of income.
College students face stiff competition for financial aid
Mon, 23 Jan 2012 6:32 pm - USATODAY.com
Cuts in state and federal funding for financial aid mean more students will be competing for a smaller pot of money. Tips on how to apply.
What to expect in Romney's tax return
Mon, 23 Jan 2012 1:30 pm - CNNMoney.com
What can the public -- and his rivals -- expect to learn when Mitt Romney releases his 2010 tax return on Tuesday?
Will the IRA Charity Rule Be Extended?
Sun, 22 Jan 2012 12:01 am - WSJ.com
A provision allowing people age 70½ or older to transfer as much as $100,000 a year directly from an IRA to qualified charities, without triggering taxable income, is likely to be resurrected. But no one knows for sure.
AMT Complicates Tax-Payment Estimates
Sun, 22 Jan 2012 12:01 am - WSJ.com
Calculating quarterly tax payments may prove more difficult than usual given the expiration of the 'patch' for the alternative minimum tax, though many expect Congress will revive it at some point this year.
The Disappearing IRA Charitable Donation
Fri, 20 Jan 2012 10:13 pm - WSJ.com
What should would-be IRA donors do this year, with the law still in limbo?
Standard or itemized tax deduction?
Thu, 19 Jan 2012 7:00 pm - Bankrate.com
Tax deductions reduce taxable income, so it pays to choose carefully.
Shielding your assets from estate taxes
Thu, 19 Jan 2012 7:00 pm - Bankrate.com
You can use two types of trusts to shield your home or investment portfolio from estate taxes.
Thu, 19 Jan 2012 9:31 am - SmartMoney.com
Part 2 of the Tax Guy's rundown on the changes that kick in with your 2011 return.
Do nonresident investors pay capital gains tax?
Wed, 18 Jan 2012 7:00 pm - Bankrate.com
Is it really true nonresidents don't have to pay taxes on capital gains tax on stocks?
Is Romney's effective tax rate lower than yours?
Wed, 18 Jan 2012 5:27 pm - CNNMoney.com
So Mitt Romney thinks his effective tax rate is about 15%.
IRS to Host Second Real-Time Tax System Meeting
Wed, 18 Jan 2012 9:45 am - IRS News Releases
IR-2012-10, Jan. 18, 2012 –– IRS hosts second meeting to discuss matching information in real-time instead of by the look-back method.
Properly defined dependents can pay off at tax time
Tue, 17 Jan 2012 7:00 pm - Bankrate.com
Kids depend on you for a lot, but at tax time they could pay off when you claim them as dependents.
Take out a short-term loan from your IRA
Tue, 17 Jan 2012 7:00 pm - Bankrate.com
You can lend yourself money from your retirement account, but there are limits.
IRS Announces Five New Members for Information Reporting Program Advisory Committee
Tue, 17 Jan 2012 1:29 pm - IRS News Releases
IR-2012-9, Jan. 17, 2012 — Five new members have been selected to serve on the Information Reporting Program Advisory Committee.
Do Your Federal Taxes for Free with IRS Free File
Tue, 17 Jan 2012 1:00 pm - IRS News Releases
IR-2012-8, Jan. 17, 2012 — IRS Free File opens today. Everyone can use Free File, either the brand-name software offered by IRS’ commercial partners or the online fillable forms.
IRS e-file Launches Today; Most Taxpayers Can File Immediately
Tue, 17 Jan 2012 11:12 am - IRS News Releases
IR-2012-7, Jan. 17, 2012 — The IRS opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns.
2011 tax-filing season has started: Some tips to remember
Tue, 17 Jan 2012 8:48 am - USATODAY.com
Tips for taxpayers, including details on IRS Free File and other filing options.
Pay taxes on savings bonds for college?
Mon, 16 Jan 2012 7:00 pm - Bankrate.com
When you redeem savings bonds for school, the tax impact depends on who bought them and when.
Figuring taxes on failed installment sale
Mon, 16 Jan 2012 7:00 pm - Bankrate.com
When a buyer stops paying and a renter trashes her condo, what is this widow to do?
IRS free electronic tax filing program now open
Mon, 16 Jan 2012 7:00 pm - Bankrate.com
The IRS starts tax filing season with Free File, an electronic filing program for taxpayers.
7 ways to get organized for the tax year
Sun, 15 Jan 2012 7:00 pm - Bankrate.com
Filing taxes can be less frustrating and less time-consuming when you're ready for the task.
Getting the most from tax software
Sun, 15 Jan 2012 7:00 pm - Bankrate.com
Don't want to spend hours on your return? Tax-preparation software may be the answer.
Sat, 14 Jan 2012 12:01 am - WSJ.com
Treasury bonds have been on a 30-year tear. Whether or not the party can last is beside the point—there are far better places to put your money.
Deducting interest expense of investment property
Wed, 11 Jan 2012 7:00 pm - Bankrate.com
Your mortgage interest can offset investment income from dividends, interest and capital gains.
Filing status can make a difference in your tax bill
Wed, 11 Jan 2012 7:00 pm - Bankrate.com
It seems easy enough to choose your filing status, but your choice could mean the difference in your tax bill.
Wed, 11 Jan 2012 2:23 pm - CNNMoney.com
The IRS is discovering vastly more mistakes on tax returns than it used to.
Wed, 11 Jan 2012 12:40 pm - SmartMoney.com
Bischoff: In Part 1 of a two-part series, we look at some of the key changes to consider this year.
Wed, 11 Jan 2012 9:44 am - IRS News Releases
IR-2012-6, Jan. 11, 2012 — National Taxpayer Advocate Nina E. Olson released her annual report to Congress, identifying the combination of the IRS’s expanding workload and declining resources as the most serious problem facing taxpayers.
Tue, 10 Jan 2012 7:00 pm - Bankrate.com
The IRS doesn't require a tax return from some individuals. Find out if you have to file.
6 surprising IRA investment options
Tue, 10 Jan 2012 7:00 pm - Bankrate.com
Tired of plain vanilla holdings? You can try spicing things up if you can handle the risk.
Average tax refund slips to $2,913 in 2011
Tue, 10 Jan 2012 12:28 pm - CNNMoney.com
The IRS not only doled out fewer tax refunds last year, but it also cut smaller checks with the average refund slipping by nearly $100.
E-payments rapidly phasing out paper checks as an option
Mon, 9 Jan 2012 6:35 pm - USATODAY.com
Increasingly people will have no choice but to accept electronic payments for everything from retirement benefits to tax refunds.
IRS gives offshore tax cheats another chance to come clean
Mon, 9 Jan 2012 6:15 pm - CNNMoney.com
The IRS has collected $4.4 billion from two programs that allowed tax evaders hiding money in offshore accounts to come clean and said it will launch a similar initiative this year.
Mon, 9 Jan 2012 2:32 pm - IRS News Releases
IR-2012-5, Jan. 9, 2012 — The IRS reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.
Key tax deductions left hanging
Mon, 9 Jan 2012 11:41 am - CNNMoney.com
It may be a new year, but when Congress returns from its winter break it will be all old business that lawmakers failed to finish before Christmas.
Defending Kim Kardashian on Taxes
Mon, 9 Jan 2012 8:27 am - SmartMoney.com
Arends: It takes a lot to get me to write about -- let alone defend -- Kim Kardashian.
Mon, 9 Jan 2012 12:01 am - WSJ.com
Here's how exchange-traded funds can help investors hold off Uncle Sam—or can trip them up.
Deduct health insurance premium?
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
Thanks to the recent jobs act, sole proprietors get a break on health insurance costs.
The skinny on paying estimated taxes
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
Have to pay estimated quarterly taxes? June 15 is the date to do so.
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
You can often avoid sales taxes by shopping on the Internet. Or you can shop in these five states.
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
Most taxpayers claim the standard deduction amount, which is adjusted each year for inflation.
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
An effort to compromise in Congress resulted in the extension of the Bush tax cuts for two more years.
2011-2012 estate tax and gift tax amounts
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
Whether you give away substantial amounts of money during your life or after, you may have to pay tax.
2011-2012 retirement plan contribution limits
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
The IRS imposes different contribution limits for different retirement plans, and they often change.
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
You can deduct mileage for travel pertaining to business, moving, medical and charitable purposes.
The lowdown on different tax professionals
Sun, 8 Jan 2012 7:00 pm - Bankrate.com
Need help filing your tax return? Pick the tax pro who's perfect for your tax situation.
Sun, 8 Jan 2012 12:01 am - WSJ.com
Most of the changes stem from annual inflation adjustments that affect income-tax brackets, the standard deduction and other provisions.
Sat, 7 Jan 2012 1:38 pm - WSJ.com
With Washington unlikely to address major tax questions soon, taxpayers are facing a lot of guesswork. Here's what to do now.
Sat, 7 Jan 2012 12:01 am - WSJ.com
If your income is high, your chances of getting a visit from the Tax Man are on the rise—and there isn't much you can do.
Sat, 7 Jan 2012 12:01 am - WSJ.com
The IRS estimated that Americans underpaid their taxes by $385 billion for tax year 2006 in its latest report on the nation's "tax gap."
Fri, 6 Jan 2012 2:38 pm - IRS News Releases
IR-2012-4, Jan. 6, 2012 — The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time.
IRS audited 1 in 8 millionaires last year
Thu, 5 Jan 2012 7:28 pm - CNNMoney.com
The IRS audited one out of every 8 millionaires last year, the third year in a row the agency has ramped up its enforcement of the nation's top earners.
More Innocent Spouses Qualify for Relief Under New IRS Guidelines
Thu, 5 Jan 2012 4:50 pm - IRS News Releases
IR-2012-03, Jan 5, 2012 — New proposed guidelines to provide relief to more innocent spouses requesting equitable relief from income tax liability.
Taxpayer Advocacy Panel Members Selected
Thu, 5 Jan 2012 4:39 pm - IRS News Releases
IR-2012-2, Jan. 5, 2012 — Twenty-six new members have been selected to serve on the nationwide Taxpayer Advocacy Panel.
Is cash surrender value of life insurance taxable?
Wed, 4 Jan 2012 7:00 pm - Bankrate.com
If the cash surrender value of the policy consists of excess earnings, that portion is taxable.
IRS Kicks Off 2012 Tax Season with Deadline Extended to April 17
Wed, 4 Jan 2012 4:04 pm - IRS News Releases
IR-2012-1, Jan. 4, 2012 — Tax filing season begins today. E-file and Free File will be available beginning Jan. 17. Taxpayers have until April 17 to file their tax year 2011 returns.
IRS extends tax filing deadline to April 17
Wed, 4 Jan 2012 3:58 pm - CNNMoney.com
The IRS is giving taxpayers two extra days to get their taxes turned in this year.
Wed, 4 Jan 2012 2:00 pm - SmartMoney.com
Bischoff: The rules are trickier than you might think. Here's how to report your winnings -- or losses.
Cheap, fast tax refund loan alternatives
Tue, 3 Jan 2012 7:00 pm - Bankrate.com
Be patient when waiting for your tax refund, because refund anticipation loans can come back to bite you.
Don't let scandals stop charitable giving
Mon, 2 Jan 2012 5:53 pm - USATODAY.com
After a year in which several well-known charities have become immersed in scandal, you might be tempted to stop giving. Don't.
What Is the Payroll Tax Reduction?
Sun, 1 Jan 2012 12:01 am - WSJ.com
The payroll tax, which has been extended for two months, differs from the federal income tax rate, which will remain unchanged for 2012.
Most Popular News Articles
Red flags that tempt the tax auditor
Mon, 19 Mar 2012 8:00 pm - Bankrate.com
Don't play fast and loose with your tax return. The IRS might target you for an audit.
Is Profit From a Home Sale Taxed?
Sat, 21 Apr 2012 8:33 pm - WSJ.com
Taxpayers typically can exclude as much as $500,000 of the gain on the sale of their primary residence if they're married and filing a joint tax return. For singles, it's $250,000.
Fri, 20 Apr 2012 9:42 pm - WSJ.com
The increasing focus on retirement savings is a reminder that tax treatment of the accounts, once considered permanent, is anything but.
How to Get the IRS to Notice You
Sun, 1 Apr 2012 9:42 pm - WSJ.com
The IRS audited just 1% of all individual tax returns last year, but if you want to remain in the 99%, watch out for some of these problems on your return.
Investors Gird for Dividend-Tax Rise
Wed, 29 Feb 2012 3:07 pm - WSJ.com
Financial advisers and their clients are starting to plan for, if not yet act on, a possible jump in taxes on dividends.
Fri, 9 Mar 2012 12:35 pm - CNNMoney.com
From pet pigs to Playboy magazines, here are some of the most outlandish deductions taxpayers have tried to slip past the IRS.
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