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Why Do Taxpayers Leave Money on the Table?

My dad taught a teenage me an important lesson when he helped me file my first federal income tax return. I earned the minimum wage at a part-time job, and didn’t have to file. But he explained that I should file, knowing my effort would be rewarded. “You don’t earn enough to owe income taxes,” […] The post Why Do Taxpayers Leave Money on the Table? appeared first on TaxVox.

Bill Clinton Cites Low Capital Gains, Despite Tax Returns

Bill Clinton told an interviewer that he had taken “almost no capital gains” over the last 15 years, but his tax returns from 2000 to 2006 show otherwise.

Personal finance Q&A: Understanding education tax breaks

Dear Liz: I am confused regarding my ability to take advantage of the American Opportunity Credit for college expenses in filing my 2014 tax return.

The union ties that bind

A supervisor at the Illinois Department of Revenue made a mistake last fall. She decided to help out with a backlog of tax returns in her department.

Tax Cheaters? Clinton Foundation to Refile Tax Returns from Foreign Governments

Yet, the gotcha media questions take center stage as shady Clinton Foundation practices come to light.

How to Verify Your Identity with the IRS

With the increase of identity theft, the IRS has taken steps to verify the identities of taxpayers when there is suspicion of fraud.  Suppose a tax return is submitted to the IRS under your name and Social Security number that looks... The post How to Verify Your Identity with the IRS appeared first on.

'Dead' Michigan woman unable to file taxes, collect her refund

What's worse than going to file your federal tax return and discovering your identity has been stolen? Finding out you're dead. OK. Technically you're still with us if you're trying to file a 1040. But when you're as good as dead to Uncle Sam, you are out of luck in collecting your tax refund. Show More Summary

National Football League surrenders tax-exempt status

In a letter to team owners, Commissioner Roger Goodell says the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell says the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income. Show More Summary

IRS officials say you need to get current on tax returns — Tax Day is long past now, but if you haven’t filed, the IRS says it’s best if you do so. IRS Spokesman Joe Munoz says the IRS has ways to help you out getting current. “You are not... The post IRS officials say you need to get current on tax returns appeared first on.

Penalties for Abuse of IRS Preservation Deduction Upheld

Getting "creative" with your tax returns can cost you, as Gordon and Lorna Kaufman found out last week when the First Circuit affirmed penalties against them for an "historic preservation easement" that had no value. After Lorna bought a $1 million house in Boston, the Kaufmans learned about a "tax......

Amending Clinton Foundation Taxes, Like Cleaning Monica Lewinsky's Dress, Can't Change The Past

Hillary Clinton doesn't keep emails, uses her own server 'for convenience' and won't accept foreign donations. Oops, we're amending 5 years of tax returns. Does that mean it never happened?

Clinton Foundation On Tax Returns: ‘Yes, We Made Mistakes’

Today, Maura Pally, the acting CEO of the Clinton Foundation, released this blog post addressing some of the concerns raised by the media...

Clinton Charities Review Tax Returns Amid Scrutiny of Foreign Grants

last weekNews : NYTimes: News

The review follows the discovery of errors involving the charities’ reporting of grants from foreign governments during Hillary Rodham Clinton’s tenure as secretary of state.

Here are the most common math errors the IRS catches when people file their taxes

The IRS reports that it caught 2.3 million math errors on 1.7 million tax returns in 2014 (that's returns for tax year 2013). That actually seems pretty good, since the IRS received more than 2 billion information returns total. Most people calculated how much they owed wrong. Show More Summary

Texas Governor Paid $104 in Income Taxes in 2014

Texas Governor Greg Abbott and wife Cecilia paid just $104 in federal income taxes on income of $131,231 for 2014, their joint tax return shows. That's about 0.079%. The Abbotts earned a total of $131,251 in income for 2014, on which...Show More Summary

Hillary Spokesfreak James Carville: ‘Clinton Cash’ Author is an ‘Anti-Disney, Gay Bike Bar Glenn Beck or Whatever’

Can we get an English translation of this nutcase? ED SCHULTZ: I want to go back to the tax returns if I can. People amend tax returns when they’re not correct. People refile tax returns when there are mistakes. What’s … Continued

Clinton Charities to Re-File Taxes After Murky Foreign Donations Revealed

Charities tied to the Clinton Foundation are re-filing at least five tax returns after massive errors were uncovered in how their donations from foreign governments were reported.

STENCH OF CORRUPTION: Cash Flowed to Clinton Foundation as Russians Pressed for Control of Uranium …

STENCH OF CORRUPTION: Cash Flowed to Clinton Foundation as Russians Pressed for Control of Uranium Company. Related: Clinton charities will refile tax returns, audit for other errors: “For three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign and U.S. governments, a […]

Hillary Clinton's Family Charities to Refile Tax Returns and Audit for Errors

last weekNews : Newsweek: US

NEW YORK (Reuters) - Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation...Show More Summary

Ooopsie: Bill & Hillary Clinton Foundation Re-Filing FIVE YEARS of Tax Returns Over ‘Errors’

As queen Hillary makes ready to be coronated as our next president, her “charity” foundation is undergoing some more scrutiny. Now the Bill and Hillary Clinton Foundation has had to

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