Recent Articles
| 5:00 PM 4/1/2011
Most economists agree that the way to get the economy moving is to get money into the hands of those most likely to spend it. That's why recent stimulus packages have included adjustments and tax credits meant to lower tax bills and, in some instances, boost tax refunds. It's apparently working:...
| 9:00 AM 3/31/2011
If you're one of the thousands of taxpayers who find themselves rushing around to file their federal income tax returns at the last minute, take heart. Following are nine tips to help ease your tax stress this season:
| 12:00 PM 3/30/2011
With tax season coming to an end in the next few weeks, taxpayers and the Treasury Department alike will be waiting to see the results of a pilot program for issuing refunds on prepaid debit cards. The program was rolled out to a limited pool of taxpayers this January.
The program, which was...
| 5:30 PM 3/25/2011
The IRS has announced that it will be opening nearly 100 IRS offices across the country Saturday, March 26, to assist taxpayers with their tax issues.
IRS offices will be open from 9 a.m. to 2 p.m. local time and will be staffed by IRS employees. Employees will be able to assist with tax return...
| 5:00 PM 3/24/2011
The IRS has announced a special voluntary disclosure initiative to return offshore money back into the U.S. tax system and help taxpayers with offshore accounts get compliant. The new initiative is called the 2011 Offshore Voluntary Disclosure Initiative (OVDI) and is similar to the 2009 Offshore...
| 9:00 AM 3/24/2011
The IRS has announced that there is $1.1 billion in previous unclaimed tax refunds waiting for nearly 1.1 million people who did not file a federal income tax return for 2007. The IRS estimates that half of these potential 2007 refunds amount to at least $640.
| 11:00 AM 3/23/2011
It can be pretty scary to realize that you're going to owe federal income taxes. Even though statistically, half of all taxpayers didn't owe anything in federal income taxes last year, tens of millions of taxpayers did owe the government. If you're one of those taxpayers who owes in 2010 -- but...
| 10:00 AM 3/23/2011
Rapper and actor Ja Rule, whose real name is Jeffrey Atkins, pleaded guilty Tuesday to failing to pay federal income taxes on more than $3 million earned between 2004 and 2006. He faces up to three years in prison for the charges, as well as penalties.
| 1:00 PM 3/22/2011
With less than a month to go before Tax Day, more taxpayers are considering e-filing their federal income tax returns. The IRS encourages taxpayers to e-file, citing it as the "safest, fastest and easiest way to submit their individual tax returns." Last year, nearly 100 million taxpayers took them...
| 3:00 PM 3/21/2011
Let's face it: For many taxpayers, Tax Day is a major source of stress. Worries over whether you can file your return on time, pay what you owe and avoid an audit can rattle even the calmest of nerves and cause you to make a mistake. Mistakes on your tax return can cause a delay in processing your...