Tax News
Tax-free Coverdell savings accounts saved by Congress
Coverdell education savings accounts have never really drawn many headlines, even when unexpectedly saved from extinction as part of Washington's "fiscal cliff" deal.Much like the…
Two plead guilty in New Jersey over $65 million tax refund fraud
A former U.S. Postal Service carrier and a co-defendant pleaded guilty on Monday over their roles in a scheme to obtain $65 million of bogus…
How much tax should I have withheld?
Withholding tax (also known as “payroll withholding”) is essentially income tax that is withheld from your wages and sent directly to the IRS by your…
What is a ‘marginal tax rate?’
So glad you asked! Published tax rates are confusing, and cause many people to think they are paying more in taxes than they really are.Your…
Understanding and establishing ‘Material Participation’ for tax purposes
When it comes to your income taxes, U.S. tax law makes a distinction between different types of income — including income from passive investments and…
Special rules for deducting moving expenses
There are many costs associated with moving and they can really add up fast. Fortunately, if you are moving because of a new job, or…
IRS delays start of tax filing season to January 30
The Internal Revenue Service said on Tuesday it will begin accepting 2012 tax filings on January 30, eight days later than originally planned due to…
Insight: In “fiscal cliff” bill, White House was key to corporate tax breaks
As the Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over…
