Tax returns must be filed under penalties of perjury, so be careful who prepares yours and review it carefully before filing.
Siegfried Meinstein is currently unable to pay his dues — because the IRS mistakenly thinks he's dead.
Tax returns are signed under penalties of perjury, so you can't lie. But creativity sometimes pays off. Do you feel lucky today?
Siegfried Meinstein just wants to do his civic duty and pay his taxes, but he can’t, because the IRS insists he’s dead. As The Columbus Dispatch reports, the 94-year-old World War II veteran found out last April, to his surprise, that he’s dead. Show More Summary
Karen Roach/Shutterstock Just less than one in three taxpayers claim itemized deductions on their tax returns, with the vast majority choosing instead simply to take the standard deduction, according to the latest available IRS figures, from the 2012 tax year. Show More Summary
Let’s be honest for a moment and acknowledge that not everyone is 100% honest or accurate when filing their tax returns. There are lots of people out there who wouldn’t be shocked to hear from the IRS that they owe more or didn’t pay enough, which is why thousands of Americans have been scammed out of millions of dollars by … [More]
Following up on last week's post, TurboTax Customers Angry Over Change In Tax Return Software: USA Today, TurboTax 'Messed Up,' Refunds Customers: Investors outraged by TurboTax’ recent change that forced them to pay 50% more for the tax preparation software: put down your pitchforks. TurboTax isn’t just apologizing, but will...
About $305.7 billion worth of tax refunds are on the line this tax season, making the proper filing of tax forms a huge deal
A month out from the Feb. 24 city election, Mayor Rahm Emanuel has called on his four opponents to release five years worth of full tax returns.
Before you file your tax return, do you have unusual income items you need to report? Just about everything is taxable, including these strange items.
Legal agreements, filing tax returns, registering for your home business and start-up, corporate advisory, International taxation and countless further day-to-day chaotic errands
Alamy If you're like the more than half of individuals, according to the GAO, a professional will prepare your tax return. Unfortunately, as the Consumerist blog noted, there's a significant chance that the preparer won't be competent...Show More Summary
Happy first day of tax season! Today is the first day that you can file your federal income tax return. Most Americans have to file a tax return, but a substantial number of people still don’t have bank accounts and conduct life in cash. Walmart wants to keep people in that situation away from check-cashing stores…and keep them in Walmart … [More]
Do you hear that? It's the rustle of tens of thousands of taxpayers sending in their 2014 tax returns. That's what must have awoken me at the unusually early, for me, hour of 6:20 a.m. That's OK. I understand the excitement. Tax filing season begins today, Jan. Show More Summary
Americans can start filing their 2014 tax return on Tuesday. Also, the International Monetary Fund cut its global growth foreasts for 2015 and 2016. Jill Wagner reports on the day's top MoneyWatch headlines.
No, not the retro: New security measures to deter identity theft and fraud will delay Illinois income tax returns this year, Illinois Department of Revenue officials said.The agency won't say what those security measures are, but they...Show More Summary
Almost four years ago, in Why Teaching Isn’t Just a Matter of What One Knows or Understands, I commented on the conviction of a then Hamline University School of Law tax professor, Robin Kimberly Magee, for failure to file state income tax returns for at least 17 years. Show More Summary
2014 is over, but you still have time to take advantage of this tax move and retroactively apply it to your tax return.
Tax season officially begins soon. If you are preparing one of the 150 million individual tax returns that will be filed this year, it's time to get busy. Jill Schlesinger reports.
Republican Gov. Bruce Rauner has pulled the plug on Democratic predecessor Pat Quinn’s attempt to raise the minimum wage for state contractors, require the governor to release more details about his tax returns and stop Illinois State Police from detaining people based on their...