The Pros and Cons of Getting a Tax Extension
Getting a six-month extension to file your taxes is easy to do and gives you some clear advantages if you're feeling crunched on time.
Tax
Cyprus Bank-Deposit Tax Sends World Markets Tumbling
Stocks around the world fell sharply Monday as investors gave their initial verdict to a weekend plan to tax depositors in Cypriot banks as part of the island nation's bailout.
Claim Your 2009 Tax Refund Before It Disappears
About 1 million people never filed tax returns in 2009 who should have, and the IRS owes them more than $900 million. But if they don't act before April 15, it'll be too late.
Employers Caught Off Guard by 'Unfair' Health-Care Fee
Next year, most big employers will owe $63 for every employee they insure, with the money going into a $25 billion fund -- and they're not happy about it.
7 Money Moves You Should Never Hide From Your Tax Preparer
It's safe to assume that not every taxpayer is 100 percent truthful when it comes to filling out their tax returns. But these 7 little fibs could put your tax refund in jeopardy.
4 Tax Breaks Every College Student Should Know About
In 2009, Americans missed out on $800 million in education-related tax breaks. If you're paying tuition, make sure you get your share: Before you complete the take-home final that is your 2013 tax return, review the four most-lucrative tax breaks for college students.
Fiscal Cliff: 100 Million Taxpayers Could Face Delays, IRS Says
The IRS warned that as many as 100 million taxpayers - far more than previously estimated - could face refund delays if law makers' "fiscal cliff" negotiations fail to fix the alternative minimum tax (AMT) before year-end.
"Hey Guys - This Is Barack": Obama Holds Chillaxed Fiscal Cliff Twitter Q&A
The world's most powerful man went to Twitter to promote his plan to avoid the so-called 'fiscal cliff' of impending tax hikes. So, make like your commander in chief, relax, and check out some of the best moments of tax policy in 140 characters or less.
It's Official: Wealth Gap Is Our No. 1 Source of Conflict
Do you think that the biggest conflict in America today is between the rich and the poor? If so, join the club: According to a recent Pew Research Center poll, 66% of Americans believe the wealth gap is the greatest cause of tension in this country.
Even With Buffett Tax, Middle Class May Still Get Hit
Warren Buffett's tax proposal would put the bite on America's wealthy: Those who make $1 million or more would pay 30%, while those who make more than $10 million would pay 35%. But even if it passed, experts say balanced budgets will require sacrifices across the board.
What's the Fallout From Defaulting on a 401(k) Loan?
Brian borrowed $5,000 from his 401(k), and now he can't make his $150 a month payments. DailyFinance's Laura Rowley looks at the fallout from failing to keep up, and what Brian should do.
IRS Cuts 'Innocent Spouses' Some Slack
When people play fast and loose with their taxes, they often leave their spouses -- and ex-spouses -- in the dark. Until now, those innocent wives and husbands had only two years to file for relief, even if they didn't know about the problem until it was too late. Now, the IRS is eliminating the deadline.
Will Senate Repeal an Unpopular Tax-Reporting Requirement?
The U.S. Senate is schedule to vote Tuesday on a bill that would repeal an unpopular tax-reporting requirement enacted as part of last year's health-care law. The House of Representatives approved the bill last month.
