Today is June 22, the date in 1936 when the U.S. first adopted a graduated corporate income tax. Unlike individual income taxes, a progressive corporate income tax doesn’t make much sense. The tax is paid in some combination by shareholders,...Show More Summary
By the time he was 18, James Calabrese helped teach a world history class at his high school that intertwined "Star Wars" canon and philosophy into reality. So, it should surprise no one that Calabrese later blew his tax refund on photos...Show More Summary
As tax time looms closer, online ads spruiking an “instant” or “same day” tax refund have likely caught your attention. (After all, when it comes to cash reimbursements, now is usually better than later.) However, the truth is that many so-called “same day tax refunds” are anything but. Show More Summary
A recent Tax Court case, McAuliffe v. Comr., T.C. Summ. Op. 2016-25, demonstrates the importance of creating and maintaining proof that tax returns are filed, and when they are filed. Though the case involved whether refund or credit...Show More Summary
At issue is how to decide what the stadium is worth. [ more › ]
Today is May 31, the date in 1904 when the U.S. Supreme Court decided McCray v. United States, upholding an excise tax that had the real purpose of discouraging the purchase of one product to benefit a competitor. Dairy farmers successfully...Show More Summary
Trying to pressure banks to cease tax refund anticipation lending, FDIC staff crossed several lines of impropriety [inspector general executive summary via Kevin Funnell] Consumer Financial Protection Bureau, class action lawyers’ best...Show More Summary
Gillian recently explored “How the Tax-Prep Industry Takes Advantage of Low-Income Filers”—namely by overcharging poor people to process…
JBreezyBaby fulfilled a lifelong dream by attending the 2015 Star Wars Celebration and paying to have photos taken the the Star Wars actors. He says he spent his entire tax refund doing it. But these aren’t just fan pictures. He’s re-enacting scenes from the movies! He posted a story for each actor in the gallery at imgur. Show More Summary
Chris Jacobs: A proposed refundable tax credit aimed at mitigating the effects of rising health costs for some families could end up exacerbating the problem on a broader scale.
Sure, King George III's pesky tea tax served as a catalyst for the United States' rebellion against Great Britain. King George III in 1755, courtesy National Portrait Gallery, London. Click image to hear G3's first song, which mentions...Show More Summary
To combat identity theft-related tax fraud, Rep. Jim Renacci (R-OH) introduced H.R. 3832, or the Stolen Identity Refund Fraud Prevention Act of 2016. The bill, which was co-sponsored by Rep. John Lewis (D-GA), Ranking Member on the Ways and Means Subcommittee on Oversight, passed the House on May 15, 2016.
This time it's personal. Rep. Jim Renacci (R-Ohio) introduced the Stolen Identity Refund Fraud Prevention Act of 2016 last year after he became a tax identity theft victim. Rep. Jim Renacci talks with Cleveland WOIO anchors about being a tax identity theft victim. Show More Summary
It's no secret that tax refund fraud is big business for scammers. Congress thinks it has a plan to stay ahead of the scammers. There's just one problem: in the attempt to slow tax refund fraud, millions of families may have a longer wait next tax season to get their refund.
There’s no need to panic if you can’t get all your information together to file a tax return by the deadline. If you believe you are owed a refund, simply file your return as quickly as possible, even if it’s after the deadline. If you believe you may owe taxes, you’ll need to file a... Read more » The post Ten Tips for Filing an Extension on Your Taxes appeared first on.
Obama has now set it up with the IRS so that illegal immigrants can get tax refunds. Never mind that they are illegal and don’t pay taxes… they will get
Writer Justin Simien's story is one straight out of the "I'm going to get this movie made no matter what" playbook. Simien took his hard-earned tax refund to create a concept trailer for his 2014 hit movie, Dear White People, and then used crowdfunding to make the film.
During tax season, conversations about how to use that always-anticipated tax return pop up all over the internet. Many who get a refund use it on vacations and other big ticket items. And while this isn't always a bad idea, it may not...Show More Summary
The smartest thing is to arrange your withholding so you avoid a refund, which is an interest -free loan to the government. If you do get a refund, paying down debt and stocking an emergency fund are among the best uses for the mone...
A sticky-fingered former mail carrier admitted to stealing $443,000 in tax refund checks along his route in New Jersey.