U.S. Tax Court rules that nonprofit status would not be appropriate.
To the list of the absurd becoming ordinary we can now add the idea that richer Americans should arrange to die in 2010 to save on estate taxes.
Or you could pay for the right to display your love for your team on an electronic plate.
Think April 15 is taxing now? If you own a small business, you haven't seen anything yet.
It shouldn't, and here's a proposal to phase it out.
So far the $100,000 plug-in is the only vehicle to qualify for an electric-car tax credit this year.
The agency doesn't look kindly on the "taxes are voluntary" and other frivolous arguments against paying.
Here's how the IRS picks tax returns to examine more closely.
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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.
SMART SPENDING
Remember when real estate was so hot there were homebuyer lotteries and bidding wars? And people so desperate to buy that they'd make an offer sight-unseen? In some markets, they're back.
SMART TAXES
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.
