iOS app Android app

Paying Taxes

Your Chances Of Getting Audited By IRS Are Lowest In Years

AP | STEPHEN OHLEMACHER | Posted 04.14.2014 | Business

WASHINGTON (AP) — As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in ye...

Questioning My Own Sanity After A Brutal Winter

Tom Cramer | Posted 04.14.2014 | Fifty
Tom Cramer

I hate tax season. When I was young and single, living in an apartment, it wasn't very complicated, just another pain in the butt thing that I never wanted to do. When I was married, it was worse. My ex-wife would start asking about it on January 2nd, disregarding the fact that neither of us had received any of the necessary documents yet.

Can Paying Your Taxes Late Affect Your Credit Score?

Credit.com | Posted 04.08.2014 | Money
Credit.com

It's pretty simple: If you don't pay your taxes, the IRS can file a notice of federal tax lien with the credit bureaus, and that's a huge negative on your credit reports.

Good Afternoon, Vietnam: A Revolutionary Small Business Impetus and I Learned About It on Skype (Part 2)

Steve Mariotti | Posted 04.01.2014 | Business
Steve Mariotti

As exciting as the social enterprises presented were, the most interesting and perspective-changing lesson for me was the Vietnamese flat tax.

State Taxes: What To Do When You Do Not Have the Money

David Seiden | Posted 10.28.2013 | Business
David Seiden

There are many reasons why taxpayers can owe back state taxes, penalties and interest, including making bad business decisions, having bad luck, or getting caught doing something inappropriate. Regardless of the reason, many states have programs that enable taxpayers to "wipe the slate clean."

What to Do If You Receive an IRS Notice or Letter

Mark Steber | Posted 06.30.2013 | Business
Mark Steber

While fear is a completely normal reaction, here are three steps every taxpayer should follow if they receive an IRS letter.

What to Do If You Made a Mistake or Forgot a Deduction On Your Tax Return

Mark Steber | Posted 06.26.2013 | Business
Mark Steber

Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.

Tax Tips for Self-Employed Professionals, Freelancers and Contractors

Mark Steber | Posted 06.22.2013 | Small Business
Mark Steber

While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.

Eleazar David Melendez

Bitcoin Celebrated As Way To Avoid Taxes

HuffingtonPost.com | Eleazar David Melendez | Posted 04.16.2013 | Business

It's 364 days until most Americans will once again face a deadline to file their taxes, but Teresa Warmke already has a plan for Tax Day 2014: She's g...

What You Need to Know About Filing a Tax Return Extension

Mark Steber | Posted 06.12.2013 | Business
Mark Steber

Filing a tax return extension can remove the failure-to-file penalty, which is the larger penalty on a monthly basis, but it will not remove the failure-to-pay penalty.

Who Else Loves To Pay Taxes?

Rabbi Evan Moffic | Posted 06.08.2013 | Religion
Rabbi Evan Moffic

Even though it may seem odd, tax season is actually a perfect time to teach our children about gratitude. Doing so is critical, because our culture does not reinforce it.

Tax Tips for the Last Two Weeks of the Tax Season

Mark Steber | Posted 06.04.2013 | Business
Mark Steber

If you're planning to file an extension because you might owe taxes, you should know that an extension only extends the deadline for the forms to be filed. It is not an extension to pay your any taxes you owe.

Helpful Tax Tips for Renters

Jeff Golding | Posted 05.26.2013 | Business
Jeff Golding

Most taxpayers assume that those who get the most money back are homeowners, business owners, and non-profit organizations. But lo and behold, renters are a strong competitor! Most of them just don't know it yet.

Important and Lesser-Known Life Changes That Could Save You Money on Your Taxes

Mark Steber | Posted 05.20.2013 | Business
Mark Steber

Life changes are applicable to just about every taxpayer, and that's where you should look to get the most out of your tax return.

Three Simple Rules To Keep The IRS Away

Forbes | Posted 10.27.2012 | Money

We all have to pay taxes and no one wants any trouble. Follow these three simple rules and you'll reduce your chances of grief from the IRS:...

How I Reframed Paying My Taxes: Why Self Talk Matters

Lisa Earle McLeod | Posted 07.30.2012 | Small Business
Lisa Earle McLeod

I found myself saying, "I can't believe we have to send that much of our money to the government."

Did Tax Gripes Inspire Munch's 'The Scream'?

Wall Street Journal | Laura Saunders | Posted 05.08.2012 | Money

Edvard Munch’s “The Scream” recently sold for $120 million at an auction conducted by Sotheby’s in New York. One of four painted or pastel ver...

Here's Why Half Of Americans Don't Pay Income Tax

CNNMoney | Jeanne Sahadi | Posted 04.26.2012 | Money

NEW YORK (CNNMoney) -- It's a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it's not ...

Tax Deduction Paradise! Don't Overlook These 8 Tips

Natalie Pace | Posted 05.31.2012 | Money
Natalie Pace

Whether you are filing an EZ form, fighting an IRS penalty, undergoing an audit or just beating the April 17, 2012 deadline, these tips will help you put your best leg forward on the path to financial freedom.

Can't Pay Your Taxes? Try These Tips

Jason Alderman | Posted 05.14.2012 | Money
Jason Alderman

If you're worried you won't be able to pay your income taxes by this year's April 17 filing date, don't panic; but don't ignore the deadline and certainly don't wait for the IRS to reach out to you first.

11 Ways America's Richest Taxpayers Avoid Taxes

Businessweek | Jesse Drucker | Posted 06.08.2011 | Business

For the well-off, this could be the best tax day since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts will remain at...

Paying Taxes: The Old Patriotism Meets the New Philanthropy

Mark Olmsted | Posted 05.25.2011 | Politics
Mark Olmsted

Don't fight higher taxes, Rich People; pay them. Just tell yourself you're giving it away to a poor relation. After all, Uncle Sam is family.

IRS Hunts Down "Tax Defiers"

New York Times | LYNNLEY BROWNING | Posted 05.25.2011 | Business

If you think paying taxes is unfair, illegal or unconstitutional, then watch out -- the Justice Department is after you. Just as the Internal Revenue...

Wesley Snipe's Tax-Shirking Trial Begins

AP | Travis Reed | Posted 05.25.2011 | Business

Wesley Snipes made millions playing a half-man, half-vampire in the "Blade" trilogy, but believed he didn't have to pay any federal income taxes, acco...

Haven't Filed Your Taxes? This Will Get You Into The Mood

Posted 04.11.2012 | Money

Tax Day is less than a week away, which means if you still haven't filed your income tax forms, it's crunch time! But don't sweat. We've created this ...