When the IRS sends you an email that it owes you some cash, and all you need to do to collect it is click through to their website, it's naturally tempting. Don't bite: No matter how convincing that email is, you can rest assured that it's a scam.
If Hurricane Sandy damaged your home, you may face months of waiting for much-needed repairs and insurance reimbursements. But you might find some relief from an unlikely source - the IRS.
The IRS assured GOP lawmakers Tuesday that agents would play no role in enforcing the requirement that Americans buy insurance under President Obama's health care overhaul. "IRS revenue agents will not be involved. There will not be audits," IRS Deputy Commissioner Steven Miller said.
Despite the fact that tens of millions of Americans are still struggling to make ends meet in our slowly rebounding economy, the cost of college keeps rising higher. Fortunately, one institution is offering some relief from high tuition: the IRS.
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).
When you're dealing with the soulless bureaucracy that is the Internal Revenue Service, it helps to have a little extra "soul" on your side. And Anita Majors, the Singing Tax Lady, can provide it.
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.