A bank employee who was an accomplice deposited more than $18 million in fraudulent tax refunds in a scandal that sent D.C. tax office manager Harriette Wilson to prison in 2009.
The neediest Americans will be short $100 billion in delayed tax refunds at a time when they're really counting on it. Chaos may ensue, an issue neither presidential candidate is addressing. In June, I sounded the alarm on How Congress is About to Screw Up the Economy in an Unprecedented Way. Show More Summary
The neediest Americans will be short $100 billion in delayed tax refunds at a time when they're really counting on it. Chaos may ensue, an issue neither presidential candidate is addressing.
The Democratic presidential nominee announced a plan on Tuesday to double the Child Tax Credit and to increase the amount that low-income families could get back in refunds. Clinton said she is trying to help families struggling with...Show More Summary
I WISH I COULD SAY THE SAME: The New York Times Paid No Taxes in 2014. “For tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was […]
The value of visiting Argentina as a tourist keeps getting better and better due to at least three financial reasons which have significantly reduced the cost to enjoy what this country in South America has to offer — which means more...Show More Summary
The IRS and state tax authorities have been exploring ways to combat tax fraud while still ensuring that honest taxpayers receive their refunds in a timely manner. The Alabama Department of Revenue is hoping that new technology will help them stay ahead of scammers and thieves. All it takes is a cell phone.
Tax time is a fun time of year as most of us lodge our returns and then wait patiently for our tax refunds to arrive from the ATO. But preparing and lodging a tax return can be intimidating for some; particularly younger taxpayers who are less familiar with the process. Here are six common tax mistakes that younger people often make — and how to avoid them. More »
$10,162. That's how much of a federal tax refund that Republican vice presidential nominee Mike Pence and his wife Karen received on their 2015 tax return. Indiana Gov. Mike Pence, GOP vice presidential candidate, campaigning among Ohio State tailgaters during a stop earlier this month in the key Nov. Show More Summary
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If you usually get a big tax refund, it might be time to fix that. The IRS announced that refunds for 2016 taxes might be a little late and they urge taxpayers to adjust their withholding . Read more...
Expecting a quick tax refund in 2017? Don’t count on it.
Tax Vox: Federal Taxes Are Very Progressive, by Robertson Williams: The US federal tax system is highly progressive, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative income taxes for households with low income. Updated estimates from the Tax Policy Center project...
The US federal tax system is highly, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative income for households with low income. Updated estimates from the Tax Policy Center project that effective federal tax rates this year will range from 3.5 percent for households in the lowest-income quintile […]
The US federal tax system is highly progressive, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative...
Rupert Grint is about to be short $1.3 million, after a dispute over his taxes, according to E! News. The 27-year-old Harry Potter actor will be forced to pay the hefty fee after a judge ruled that he changed some of his accounting dates to shield his earnings from a high tax rate. Rupert reportedly [...]
A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips. Continue reading How to Claim a Tax Refund on the Stuff You Buy in Europe and More...
The UK has a departure tax ('Airline Passenger Duty') that's high in coach and higher still in premium cabins, and is often referred to as a 'premium cabin departure tax' or 'luxury tax'. One improvement, implemented a little over a year and a half ago, is that children under 12 flying economy no longer pay this tax. Show More Summary
For many young Australians, their annual tax return is an opportunity for extra spending, while some prefer to use their returns to pay off their HECS-HELP debt. Given this is a popular use of tax refund, it is worth tackling the question:...Show More Summary
Andrew Hayashi (Virginia), The Effects of Refund Anticipation Loans on Tax Filing and EITC Takeup: The IRS has an uneasy relationship with tax return preparers. Preparers may ease the tax filing process and improve take-up of benefits like the earned income tax credit (EITC); however, preparers also profit from financial...