Tax News
Credit debt, tax reform, low savings keep money pros up at night
If you're reading this article after Dec 21, the Mayans got it wrong. The world is still here. But there's still plenty to worry about,…
Tax tips for the end of the year
While you may be focused on hunting holiday presents, this is the time of year when you need to be thinking about the April 15…
Getting ready for the Medicare tax on investment income
There are few certainties for year-end tax planning this year, but if you're a wealthy investor there is one sure thing — the new Medicare…
IRS aims to clarify investment income tax under healthcare law
The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as…
Analysis: Democrats’ discord undercuts Obama estate tax push
Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the…
How to make the most of charitable tax breaks
When megastorm Sandy devastated parts of the Northeast, people raced to help: They donated money by text and credit card, scoured their closets for items…
Without fix, alternative minimum tax could hit 28 million taxpayers: IRS
Some 28 million Americans including some in the middle class would face an unintended tax hike if a U.S. tax aimed at ensuring the wealthy…
What if I don’t have the money to pay the IRS for back taxes?
The IRS is aware that taxpayers continue to struggle five years after the U.S. economy sunk into recession. The slow recovery means that many people…
