Reuters - Still haven't finished that tax return on this Monday deadline for filing? Then you have time to take advantage of some tips from the friendly folks at the Internal Revenue Service to avoid errors.
Warren Buffett just fact-checked Donald Trump.
In a debate Sunday, Trump acknowledged using a nine-figure loss in 1995 to reduce tax obligations and sought to liken the move to strategies used by some of Democratic presidential nominee Hillary Clinton’s wealthy supporters, including Buffett. On Monday, the billionaire Berkshire Hathaway chairman released information from his personal taxes and challenged the Republican presidential candidate to do the same.
No one enjoys doing taxes, which probably explains why so many of us leave it to the last. Possible. Moment.
With Tax Day fast approaching (next week!), millions of Americans are no doubt scrambling to track down receipts, bank statements and other important documents in a bid to meet the April 15 filing deadline.
But the more you rush, tax pros say, the more you’re likely to make mistakes that can cost you in the form of penalties, a delay in getting your refund and even a higher risk of an audit.
Last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand.
The U.S. Treasury hopes to assign up to 1,000 delinquent accounts a month to each of four different companies, which will be able to keep 25 percent of the tax bills they collect.
WASHINGTON (Reuters) - Details of a U.S. Drug Enforcement Administration program that feeds tips to federal agents and then instructs them to alter the investigative trail were published in a manual used by agents of the Internal Revenue Service for two years.
It has been one of the biggest mysteries of the presidential debate, but - according to one calculation - it may be resolved in as little as two weeks. According to the WSJ, Donald Trump may have "one last tax card to play", and it’s a doozy: his 2015 tax return.
In little-noticed comments after his first debate with Hillary Clinton, the Republican presidential candidate has hinted he could make that return public in under two weeks.
ATHENS — Greece will send its economic reform plans to eurozone finance ministers on Tuesday morning, a government official said, missing a Monday deadline for submitting the list which is a condition for extending the country’s bailout program.
Earlier in the day government spokesman Gabriel Sakellaridis had said the list, which covers measures such as tackling tax evasion, would go to the Eurogroup by the end of Monday.
Financial advisers and tax professionals are a concrete bunch. We never like having to guess, and we don’t much care for having to take a roundabout path to accomplish a goal, either. When the Internal Revenue Service leaves a situation vague, however, sometimes guesswork is unavoidable. While an announcement that the IRS has clarified a […]View the full post at: IRS Offers A Direct Path To Greater Savings