The statute of limitations on tax misdeeds varies, depending upon the type of lapse. The rules differ for civil, criminal and fraudulent actions.
Lawmakers have put off major tax decisions, including whether to continue the Bush tax cuts, until after the Nov. 6 election. That doesn't leave much time to make changes.
Penalties have been eased for the unemployed, and installment-payment options have been expanded. The IRS even has videos to explain the program.
If you follow those rules, you're likely to stay out of tax trouble. Hint: Keep an eye on the paper.
A new report says more than $4 billion in retirement income is not reported. But a confusing system may be more to blame than tax evasion.
Citibank sent out 1099s this year, counting miles awarded in a promotion as income. That judgment may be right, but here's how to deal with the inflated value Citi put on the miles.
| Tags: | federal taxtax lawtaxes |
GOP presidential candidate Herman Cain -- the frontrunner, according to some polls -- has proposed a major overhaul of the U.S. tax system. What would it mean to taxpayers and the economy?
The tax deadline this year is April 18. But if you find that you owe and can't pay, don't bury your head in the sand. File your return on time, then check out these options for dealing with the debt.
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