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Tax Law

European Ruling Highlights Apple's Corrupted Business Model

William Lazonick | Posted 09.01.2016 | Business
William Lazonick

There is much for U.S. authorities to learn from the European example of forcing corporations to pay their fair share of taxes, but more far-reaching oversight of executives' allocation of resources is also required.

Why the IRS Should Push Tax Day to June 15

Adam Levin | Posted 01.28.2017 | Politics
Adam Levin

The only way to stop tax refund fraud is to change the way the tax filing and refund system works, and while this may be a painful process for employers and taxpayers alike, it's necessary.

The Best Legal Job Market for Millenials? Tax Law

Debra Carpenter | Posted 07.29.2016 | Business
Debra Carpenter

The tax code governs just about everything from how businesses operate to encouraging people to buy particular items and services, and yet there are very few people who understand most, if not all, of the particulars.

Bonanza for the Super Rich: The Fund Managers' Tax Break

Dean Baker | Posted 06.13.2015 | Business
Dean Baker

The reason most of us have seen little gain from economic growth over the last three decades is that the rich have rigged the rules to ensure that money flows upward. Through their control of trade policy, Federal Reserve Board policy, and other key levers of government, they have structured the market to weaken the bargaining power of ordinary workers and benefit the CEOs and Wall Street crew. As a result, the typical worker has seen almost none of the gains from economic growth over the last four decades. Most of this rigging comes in before-tax income.

Ending the Federal Government's Doublethink on Marijuana

Chris Weigant | Posted 05.11.2015 | Politics
Chris Weigant

Seen as a whole, the current federal attitude towards marijuana can truly be described as "doublethink." There are so many contradictions in the government's attitude that they are indeed hard to accurately count.

Congress Passes Tax Extenders: What You Need to Know

Lisa Greene-Lewis, CPA | Posted 02.18.2015 | Money
Lisa Greene-Lewis, CPA

Yesterday, the Tax Increase Prevention Act of 2014 was passed by Congress, temporarily and retroactively extending more than 50 tax breaks that expired on December 31, 2013, meaning you and other taxpayers out there may receive a little extra holiday cheer this season.

2015 Tax Law Changes You Need to Know About

GOBankingRates | Posted 01.04.2015 | Money

Besides the ACA, there are a few interesting changes that could affect you when you file that 2014 tax return next year.

Working From Home? It Could Cost You!

Robin Hardman | Posted 05.05.2014 | Business
Robin Hardman

Each April, at least some of those state-crossing commuters encounter a rude surprise. The poor suckers coming in from Connecticut are one of the best examples.

Ryan J. Reilly

U.S., Switzerland Near Deal In Crackdown On American Tax Cheats | Ryan J. Reilly | Posted 08.29.2013 | Business

WASHINGTON -- The U.S. and Switzerland are nearing a deal that would allow some Swiss banks to avoid prosecution for sheltering the funds of wealthy A...

A Few Lessons From the IRS Scandal

Jared Bernstein | Posted 07.16.2013 | Politics
Jared Bernstein

If we make this scandal only about rogue actors in the agency and whether it reached the administration, we will miss the glaring impossibility of what we're asking the IRS to do in these cases, which is to implement completely incoherent tax law.

Know Your Limits: 2013's Tax Thresholds Rise with Inflation

Women & Co | Posted 04.09.2013 | Business
Women & Co

In 2013, the amount of unearned income received by minor children that isn't subject to federal income taxes is $1,000, up from $950 in 2012. This is a key number for parents who set up custodial accounts for their children under their state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act.

Dan Froomkin

IRS Buckled To GOP Pressure On Secret Donations, Lawyer Says | Dan Froomkin | Posted 10.08.2011 | Politics

The Internal Revenue Service succumbed to pressure from Republican members of Congress last month when it suddenly shut down its examinations into whe...

We Need Freedom From Religion Not Just Freedom of Religion

Frank Schaeffer | Posted 05.25.2011 | Religion
Frank Schaeffer

Why does the Roman Catholic Church, which has done so little to make up for pedophilia abuses, have a tax exempt status? Why do the Scientologists?

CHART: America's Strangest Taxes, Including Cocaine, Sex & Blueberries

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

One of the financial perks of illegal drug dealing is presumably a tax-free income. But in Tennessee between 2005 and 2009, if you were dealing illeg...

Justice Bader Ginsburg's Husband, Martin Ginsburg, Dies

Posted 05.25.2011 | Politics

WASHINGTON (AP) -- Martin Ginsburg, the husband of Supreme Court Justice Ruth Bader Ginsburg and a prominent lawyer in his own right, died Sunday from...

Tax Favors, IBM, and the Murder of Vernon Hunter

David Cay Johnston | Posted 05.25.2011 | Business
David Cay Johnston

The important aspects of the Joe Stack suicide attack story that have been left out by the mainstream media relate to how corrupt and outdated tax law-writing is in this country.

Senator Scott Brown On Austin Terror Attack: "People Are Frustrated"

Bill Lichtenstein | Posted 05.25.2011 | Politics
Bill Lichtenstein

In what Fox News is calling his first national TV interview since being elected, Scott Brown pointed to the public's frustration with Washington when he was asked about Joe Stack.

Austin Pilot Suicide Note: Joe Stack Motivated By Tax Law In IRS Attack

New York Times | Posted 05.25.2011 | Business

In his suicide note, the computer software engineer who flew a small plane into a building with Internal Revenue Service offices in Texas on Thursday ...

More Charities Seek Tax Break for Donors, Costing U.S. Billions

New York Times | STEPHANIE STROM | Posted 05.25.2011 | Politics

Experts say nonprofits are skillfully exploiting the tax code's broad and elastic definition of what constitutes such a charity, making it difficult f...

A Tax Lawyer Refutes Glenn Beck's Call to Lawlessness

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

The bottom line is Beck and his ilk are nothing more than 10 year old children who scream when they don't get their way.