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Emanuel says Rauner should release tax returns

Mayor Rahm Emanuel today said GOP governor hopeful Bruce Rauner should release his tax returns, echoing calls from Democratic Gov. Pat Quinn’s campaign.

Prove it, Zephyr

As a would-be candidate for governor — and one whose New York residency is sketchy — Democratic gadfly challenger Zephyr Teachout should immediately make public her tax returns.

Stated Income Loans Make Comeback As Mortgage Lenders Seek Clients

By Michelle Conlin and Peter Rudegeair (Reuters) - Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore. Show More Summary

Stated income loans make comeback as mortgage lenders seek clients

last weekNews : The Newsroom

Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore. Show More Summary

Not breaking news: Rauner is wealthy

Let's get one thing straight: Bruce Rauner is really rich. His income tax returns show he earned $108 million between 2010 and 2012. That's a lot of coin. Let's get one thing straight: Bruce Rauner is really rich. His income tax returns show he earned $108 million between 2010 and 2012. That's a lot of coin.

DOJ: Losing Losers At NOM Deserve No Legal Fees For Their Losing Lawsuit

last weekLGBT / Gay : Joe. My. God.

The Department of Justice has issued a blisteringly scornful request to NOM's demand for nearly $700K in attorneys' fees for their lawsuit over the accidental release of their tax return. Enjoy: Despite losing all the significant issues...Show More Summary

Bruce Rauner, release those tax returns

We've all probably seen the TV commercial where an earnest-looking Bruce Rauner declares that he's "ready to go to work for you." Rauner, the Republican nominee for Illinois governor, has been emphasizing that he's a "business guy, not a politician."

Law Article Discusses Post-DOMA Tax Changes

A law professor wrote an article discussing our work ensuring state tax guidance to same-sex couples after DOMA was struck down. About half the states both (1) require state tax return filing status to match the federal tax return filing status and (2) ban gay marriage. Show More Summary

Distict Court Joins Loving, Holds IRS Lacks Statutory Authority to Regulate Tax Return Preparers

The U.S. District Court for the District of Columbia yesterday followed Loving v IRS, 742 F.3d 1014 (D.C. Cir. 2014), and held that the IRS lacks statutory authority to regulate tax return perparers. Ridgely v. Lew, 1:12-cv-00565 (D.D.C. July 16, 2014). Prior TaxProf Blog coverage: D.C. Circuit Invalidates IRS's Regulation...

Making the Most Out of Ch-Ch-Changes

David Bowie sang "don't want to be a richer man" but not many of us agree. Life changes can have dramatic effects on your tax return. From getting married to having a baby or even getting divorced, use our tips to help keep more of your money in your pocket. Marriage Tax time is another reminder that you are no longer single. Show More Summary

King of Abortion: Warren Buffet Has Spent $1.23 Billion, Enough to Kill 2.7 Million Babies in Abortions

The world’s fourth richest person, Warren Buffett, ploughed $1.23 billion into abortion groups over eleven years, a media watchdog has found. The Media Research Center (MRC), which analysed tax returns for Buffett’s foundation, labeled him the ‘king of abortion’. The MRC says the money given ‘is enough to pay for the abortions of more than 2.7 million […]

FBI warns: Fake tax returns are soaring

The agency's Internet Crime Complaint Center reports a sharp increase in complaints about identity theft. Here's what you can do

Thursday Humor: The New US Tax Return

The recent IRS scandal is sure to go down as one of the most ridiculous of scandals in U.S. history. As Andrea Combs scoffs (rightly), the more that is uncovered, the more unbelievable the story becomes. So, in the interests of "fairness" - a topic this administration holds at its core - we present the new tax return, with addenda... h/t @BuzzPo

Johnston: Americans Have Missed Out on $6.6 Trillion of Income Since 2000 Due to Bush Tax Cuts

Al Jazeera: Americans Have Lost Out on $6.6 Trillion, by David Cay Johnston: I calculated that enormous figure by comparing the average income Americans reported on their 2000 tax returns with what they reported each year for 2001 through 2012, adjusting for inflation and the growing population. Add up the...

TIGTA: IRS's 17% Error Rate in Processing Amended Tax Returns Resulting in $2.1 Billion of Erroneous Tax Refunds

The Treasury Inspector General for Tax Administration yesterday released Amended Tax Return Filing and Processing Needs to Be Modernized to Reduce Erroneous Refunds, Processing Costs, and Taxpayer Burden (2014-40-028): The IRS received more than 4 million amended tax returns in Fiscal Year 2012. This audit was initiated because previous TIGTA...

EX-NOLA Mayor Ray Nagin Sentenced to 10 Years

Former New Orleans mayor Ray Nagin has been sentenced to 10 years in federal prison. He was convicted in February on 20 of 21 counts of bribery, money laundering, fraud and filing false tax returns. The judge sentenced him below the 15 year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

FREE GUIDE: Simplifying and Securing Your Life with LastPass and Xmarks

If you’re like most people, the keys to your entire life are stored online. Your bank accounts, health records, work files, tax returns, vehicle registration information, and just about every other important document is stored somewhere in the cloud. Show More Summary

Quinn calls on Rauner to release tax returns he hasn't even filed yet

Democratic Gov. Pat Quinn on Tuesday called for opponent Bruce Rauner to release tax returns that the Republican challenger said he hasn’t even filed yet.

Tax Myths: Part IV: It’s Not Income If It’s Not on a W-2 or 1099

Most taxpayers understand that income reported on a Form W-2 or Form 1099 must be reported on their tax return. Whether they understand why those amounts are gross income, they usually understand that “the IRS knows about it, so I had...Show More Summary

These Are The States That Allow Married Tax Returns For Same-Sex Couples

Just about one year after the Defense of Marriage Act (DOMA) was struck down in the United States Supreme Court, over a dozen states allow same-sex married couples to file tax returns with "married" status. Below, H&R Block has illustrated...Show More Summary

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