Two players argue that much of their income should be classified as royalties and not taxed by the United States. The IRS disagrees.
That email is NOT from the IRS. Also, be careful with your files, both paper and electronic, to avoid identity theft.
The agency issues an 84-page report debunking common arguments people use to try to avoid taxes. The penalty for 'frivolous' filing is $5,000.
Senators agree to revert to old law and throw out new requirement that businesses send 1099s to vendors. Landlords still must do additional reporting.
President Obama's proposal for tax reform and a simplified tax code will run into trouble once talk turns to ending specific tax benefits.
Agency wins court case after arguing that CPA used ploy to avoid payroll taxes.
Making the tax code less complex would mean creating new groups of winners and losers. Does Congress have the guts?
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Which store penalizes you for too many returns? And which one will let you retroactively apply coupons?
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.