America used to stand alone among Western nations when it came to corporate tax-dodging. No more: Just as we've exported Hollywood and fast food to the world, we're apparently exporting that aspect of our culture too: Witness how Volkswagen and Porsche are beating one big tax bill.
In many cases, getting married can mean big changes in your tax situation, and the sooner you start planning, the more likely it is you'll avoid some huge pitfalls that snare many newlyweds.
After the taxman takes his share of a big lottery jackpot, it's not nearly so big as it was advertised. And even a lot of people who favor raising taxes on the rich think that's not quite fair.
In their mad dash toward the Form 1040 finish line, late taxpayers often make costly errors. If you're among those last-minute tax filers, first, take a breath. Then take note of these common filing mistakes to avoid.
For whatever reason, celebrities often end up crossing paths with the IRS, and surprisingly, most of the problems they have with the tax man are traps anyone could fall into. Here are some common mistakes of the stars, and what you can do to avoid them.
Doing your taxes done is never fun, so it's no surprise that many people postpone it. But there's a price to pay for delay: Procrastinators tend to spend more on the process.
From hip replacements to pole dancing classes, here are some of the most outlandish deductions taxpayers have ever attempted to claim. You won't believe what these people tried that their accountants said wouldn't fly -- and you really won't believe what did (literally).
If you have to write the IRS a check every year, there's a chance you could get even worse news from the tax man: an extra bill for interest and penalties. How can you avoid that? Welcome to the nerve-wracking world of estimated tax payments.
Every year, tax season inspires Americans ... to gripe and complain. But rather than focus on the depressing side of your yearly ordeal, why not consider the more enjoyable things that taxes have inspired -- namely, a long list of films. On Oscar weekend, there's no better time to recall these taxing classics.
Chalk it up to the nation's lingering economic malaise: More Americans this year plan to sock some of their tax refund away in savings. If you're among them, here are a few smart ways to stash that cash.
Is the U.S. tax code designed to be confusing? At more than 70,000 pages, its complexity is hard to overstate. But forget its size: Even in its most basic terms, the IRS seems determined to muddy the waters. To help you out, we've unpacked a few of the most weaselly weasel words.
A series of major problems and the whiff of potential fraud at a tax-prep company called "Mo Money Taxes" are a scary reminder: Be smart about selecting the professional who helps with your tax return. Here are some tips to help you avoid the shady characters.
It's tax season, which means the annual deluge of W-2s, 1099s and other financial forms. But thousands of Citibank customers will have an extra surprise in their mailboxes: 1099 forms reporting their frequent flier miles as income.
Over the years, taxpayers have concocted a lot of zany arguments to justify tax deductions. We've come up with what we think are the 10 most creative ones that the tax courts decided didn't quite pass muster.
2011 wasn't a good year for those expecting big checks from the IRS. Not only were fewer refunds delivered, but the average refund was smaller. That's no surprise in this economy, but it's also a sign that Americans are getting smarter about how we handle our taxes.