Bernie's wife Jane said she'd swap Bernie's tax returns for HIllary's secret speech transcripts. The tax returns aren't worth much, but HIllary's speech transcripts clearly are. Is there something for the IRS to tax here?
It isn’t unusual for a taxpayer to report less income on a federal income tax return than is shown on an information return such as a Form W-2 or Form 1099 if the taxpayer thinks that the amount on the information return is too high....Show More Summary
by Linda Beale Senate Finance Committee cuts tax return preparer regulation As most tax practitioners realize, many people who hold themselves out as “tax return preparers” actually know nothing about the tax laws and may even assist their clients in cheating on their taxes by inventing home offices, travel-away-from-home expenses, or other fictional deductions. The […]
Bernie Sanders won't release his tax returns until Hillary Clinton releases transcripts of her paid speeches, the candidate's wife, Jane, said on Tuesday.
Jane Sanders made it clear to Wolf Blitzer on CNN this afternoon that they'll be releasing more tax returns when Hillary Clinton releases her speech transcripts.
Tax Day has come and gone, but if you’ve made a mistake on your return, you might have a little extra work ahead of you. Thankfully, filing an amended return is a relatively simple process. Here are a few things you should know about it. Read more...
BERNIE SANDERS DOES NOT PRACTICE WHAT HE PREACHES ON TAXES: “Bernie Sanders released his 2014 tax return this weekend, revealing that he and his wife took $60,208 in deductions from their taxable income. These deductions are all perfectly legal and permitted under the U.S. tax code, but they present a morally inconvenient, if delicious, irony: […]
The April 18th tax filing deadline is behind us. Your taxes are filed and now you’re sitting back waiting for that refund check to hit your account - or trying not to think about that big check you had to write. Then you realize you messed up. Maybe it was a [...]
Here's a tax-related travel tip. Mail your return before you head out to your favorite festival. Some of the attendees of the Coachella Valley Music and Arts Festival's opening weekend, April 15-17, tried to fulfill their tax-filing duties. Show More Summary
Tax scams just seem to keep coming. The IRS is also warning tax professionals of a new tax scam that particularly targets tax return preparers. In this new tax scam, the cybercriminals try to obtain control over the preparer’s computer system and then file client tax returns—with the refunds being redirected to the cybercriminals.
In many ways, their return paints a picture of a typical high-income working household—with one major exception: The Obamas gave much more generously to charity than most, even more than most of their fellow one-percenters.
Sen. Elizabeth Warren, D-Mass., might be a polarizing figure, but she is correct about at least one issue: pre-filled tax returns. Warren introduced legislation April 14 that would require the IRS to fill out tax returns for taxpayers with relatively simple tax situations. Show More Summary
The Joint Committee on Taxation has released Disclosure Report for Public Inspection Pursuant to Internal Revenue Code Section 6103(p)(3)(C) for Calendar Year 2015 (JCX-32-16): Section 6103(p)(3)(C) of the Internal Revenue Code provides that the Secretary of the Treasury shall, within 90 days after the close of each calendar year, furnish...
Yesterday was the dreaded Tax Day for many Americans, especially higher-earners. If you have enough income that you have to pay the IRS, it makes sense to pay on the due date. And taxes for the rich can take time: tax returns get really complicated if you have a multitude of earnings and complex deductions usually designed to offset high taxes. Show More Summary
WHY SHOULD THE IRS BE ANY DIFFERENT THAN THE REST OF THE ADMINISTRATION? White House rejects demand to boost IRS integrity. Just as some 5 million Americans are rushing to meet Monday’s tax return deadline, the White House took the unusual step of dumping on three House bills that demand that the IRS improve its […]
Jim Geraghty rolls out a particularly well-worn chestnut: Bernie Sanders released his 2014 tax return this weekend, revealing that he and his wife took $60,208 in deductions from their taxable income. These deductions are all perfectly legal and permitted under the U.S. tax code, but they present a morally inconvenient, if delicious, irony: The Democratic […]
Like millions of other Americans, President and Mrs. Obama filed their 2015 tax return shortly before yesterday’s deadline. Unlike most of us, they also posted their return on the White House website for everyone to see. In many ways, their return paints a picture of a typical high-income working...
While millions of Americans on Monday, April 18, were worrying about getting their taxes to Uncle Sam on time, folks in Houston had bigger problems. Tax Day 2016 coincided with deadly flooding in Texas' largest city. Rescuers head out in boats, rafts to help motorists stranded on flooded Houston streets. Show More Summary
Jane and Bernie Sanders. (Flickr) Monday was the deadline for filing federal tax returns. The presidential candidates are also making tax-related headlines, as four of the five have already released their 2014 tax returns to the public. Show More Summary
The Daily Beast, Coachella’s Hot New Act: Filing Taxes at the Last Minute: Almost a dozen concertgoers rushed to Indio, California’s post office to snail-mail returns to the IRS between dropping acid and listening to Guns N’ Roses. The Coachella music festival’s makeshift post office saw unexpected traffic this weekend,...