12 biggest tax scams to avoid
There’s no end to the creative ways scammers will try to steal your identity and your money. And tax time is one of their favorite times of the year. Here’s how to spot a top scam and protect yourself.
6 (not so) dumb tax questions you’re too embarrassed to ask
Here are answers to a few seemingly dumb and super-simple tax questions that actually are neither.
Quiz: Is it tax deductible or not?
Sometimes even the strangest things can be justified as legitimate deductions on your federal tax return.
The candidates’ tax returns — what they made, what they paid
Here’s a look at some key details from the 2014 federal tax returns of the remaining 2016 candidates.
Bernie Sanders’ mega tax increases largest in peacetime history
Almost everyone would chip in something under Bernie Sanders’ tax plan, but the highest income households would pay the most by far among individuals. And businesses would also help foot the bill in some major ways.
Here’s how much Hillary Clinton’s tax plan would hit the rich
The tax proposals the Democratic presidential front-runner has put forth so far would raise the tax burden of the country’s highest earners, according to a new analysis from the Tax Policy Center. But her plan would also make the tax code more complex.
Trump says he can’t release tax returns because of audits
Donald Trump says he wants to release his tax returns but can’t because he is being audited by the IRS.
The IRS seized this guy’s life savings. Now he’s getting it back
Laws intended to nab criminals have ended up hurting innocent individuals, whose bank assets get taken by the IRS. In the case of a North Carolina convenience store owner, the IRS has finally agreed to repay him in full, his lawyer said.
Marco Rubio’s tax plan would cost at least $6.8 trillion
GOP presidential candidate Marco Rubio wants some radical changes to the tax code. But the numbers don’t add up, according to a new analysis.
Record number of Americans dump U.S. passports
The number of citizens and long-term residents cutting their official ties to the U.S. jumped more than 20% last year to a new record of 4,279.
Leader of tax-related phone scam sentenced to nearly 15 years in prison
Sahil Patel, an organizer of a criminal phone scam operation based in India that bilked U.S. taxpayers out of $1.2 million, will not only do time but must forfeit $1 million.
Sorry. IRS no longer accepting $100 million checks
Federal Reserve banks will no longer accept checks for more than $99,999,999.00.
What the Republicans are saying about taxes
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The Donald Trump hedge fund crackdown that wasn’t
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Report IDs world’s top tax havens
Bermuda, the Cayman Islands and the British Virgin Islands are three of the world’s biggest tax havens, according to a report from Citizens for Tax Justice and the U.S. Public Interest Research Group.
Coming soon: New steps to prevent tax refund fraud
The IRS, state tax administrators and leading tax preparation software companies announces new measures that will be implemented for the 2016 tax filing season designed to better detect and protect against identity theft and refund fraud.
A world with no IRS? Really?
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Carly Fiorina wants a 3-page tax code: Here’s what she means
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7 steps to avoid becoming a tax scam victim
The IRS, state tax agencies and tax preparation industry say that while they’re doing even more to prevent refund fraud and tax-related identity theft, those efforts won’t be enough unless individuals also take steps to protect their personal, financial and tax data.
Overdue taxes? You could lose your U.S. passport
A new law may soon be enacted that will let the State Department revoke, deny or limit the passports of U.S. citizens who have more than $50,000 in seriously delinquent tax debt.
McDonald’s under investigation for tax dodging in Europe
The tax affairs of McDonald’s are under the microscope as top European officials accuse the company of shady tax deals with Luxembourg.
Busted! The IRS’s list of tax cheats and scoundrels
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Jeb Bush would cut taxes for everyone, but …
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Should there be a fat tax on soda and junk food?
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Apple scheming to avoid taxes? ‘Total political crap,’ says Tim Cook
Apple CEO Tim Cook, in an upcoming interview with ’60 Minutes,’ pushes back against assertions that his company aggressively pursues tax schemes to lower its U.S. tax bill.
How you’ll benefit from the new tax deal
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