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Super Bowl 2015 Could be Canceled

Super Bowl 2015 Could be Canceled [Update]

The Best 2014 Super Bowl Ads

The Best 2014 Super Bowl Ads

CES 2015: What to Expect from Sony

CES 2015: What to Expect from Sony

Super Bowl 2015 Ads

Super Bowl 2015 Ads

Doutzen Kroes Instagram Sizzles

Doutzen Kroes Instagram Sizzles

Income tax in the United States

The Biggest Winner In Triple Crown Betting

The Biggest Winner In Triple Crown Betting Some 15 million people will watch California Chrome June 7th, many pulling for California Chrome. A Triple Crown Winner would be great, especially out of a kind of rags to riches story like this one. And that probably...

Jun 7 2014, 1:23pm CDT

IRS is Taxing Tax Day Freebies?

IRS is Taxing Tax Day Freebies? The list of Tax Day Freebies and discounts grows every year. Tax Day can be painful, so collecting fun perks that also help businesses seems like a win-win. But could they themselves be taxed? It’s not a silly...

Apr 15 2014, 4:35am CDT

How Long Can IRS Audit? It All Depends On You

How Long Can IRS Audit? In most cases, the IRS has three years after you file to audit. If the IRS shows up after that, you may be able to point out that the statute of limitations has run. It’s better than hunting for receipts! But there are...

Apr 3 2014, 8:11am CDT

IRS Says Bitcoin is Property Not Currency

IRS Says Bitcoin is Property Not Currency The IRS passed some legislation according to which Bitcoin is a property, not a legal currency in tax system. And Bitcoin is to be taxed. This decision is of great importance indeed.

Mar 26 2014, 3:42am CDT

IRS.gov Updates IRS2Go Smartphone App

IRS.gov Updates IRS2Go Smartphone App IRS.gov has developed a free smartphone app called IRS2Go. An updated version of this app is now available for both iOS and Android devices.

Mar 8 2014, 4:24am CST

IRS.Gov Free App Update is Now Available

IRS.Gov Free App Update is Now Available An updated version of the IRS.gov developed free smartphone app IRS2Go is now available for both iOS and Android devices.

Feb 26 2014, 1:19am CST

U.S. Tax Rates? Not Competitive, But California's Are Worse

U.S. Tax Rates? Not Competitive, But California's Are Worse Is the U.S. tax system competitive? Many global companies say it isn’t. Companies like Apple say they have to jump through hoops to stay competitive. In September 2012, the Senate Permanent Investigations...

Feb 13 2014, 1:31am CST

IRS Goes Mobile

IRS Goes Mobile Looking for tax information on the go? The Internal Revenue Service has released the update to its smartphone application for the new tax season. The app, IRS2Go 4.0, is free for your iPhone or your Droid. The app,...

Feb 10 2014, 8:47am CST

CES 2015 News
IRS: Don't Call Us, Look It Up On IRS.Gov

IRS: Don't Call Us, Look It Up On IRS.Gov As the Internal Revenue Service begins  processing an expected 148 million individual income tax returns for 2013, IRS Commissioner John Koskinen  is apologizing to taxpayers for the sorry state of telephone...

Jan 31 2014, 4:55pm CST

Higher Minimum Wages Means More Independent Contractors

Higher Minimum Wages Means More Independent Contractors Did President Obama just make independent contractor v. employee issues bigger? Arguably, yes. His State of the Union Address noted that he would sign an executive order increasing the minimum worker wage for...

Jan 29 2014, 2:22am CST

Tax Forms Face a Dearth During E-Filing

Tax Forms Face a Dearth During E-Filing The tax forms that are being distributed to ordinary citizens are facing a dearth in quantity. And this paucity of paper rigmarole comes during a time when the federal government and the state department are E-filing.

Jan 20 2014, 3:59am CST

Gun-Toting At The IRS

Gun-Toting At The IRS The IRS wields enormous power, but should agents be armed too? With all of the controversy facing the IRS and the tax system these days, it can seem doubly scary to contemplate tax collectors being armed. As Prof. Paul...

Jan 18 2014, 3:36pm CST

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

Will Overstock Force IRS To Make Up Its Mind About Bitcoin? Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far the largest, most...

Jan 13 2014, 11:01pm CST

Top 10 Most Litigated Tax Issues

Top 10 Most Litigated Tax Issues What happens when a taxpayer disagrees with the Internal Revenue Service? Some people think that the matter ends there: the IRS always wins, right? Not necessarily. There are a few ways to appeal an action with IRS but...

Jan 11 2014, 3:51pm CST

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs When Congress threatened “right-sized” budget cuts for the Internal Revenue Service last July, it was a clear swipe at the agency which had been under fire following a number of scandals. House Appropriations Chairman...

Jan 9 2014, 10:56pm CST

IRS Seeking Volunteers To Help Taxpayers File For Free

IRS Seeking Volunteers To Help Taxpayers File For Free “Occupation?” I asked. “Spy,” he replied, looking at me with his eyes sparkling, daring me to disagree. I nodded. And then I typed “Retired.” I probably sat with 20 seniors that day at the Internal Revenue Service...

Jan 9 2014, 9:06pm CST

I4U news

Taxing Bitcoin: IRS Review Will Have Big Implications For Investors In Virtual Currency By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as virtual currency. That’s useful shorthand, but is it really money? And should it be taxed as...

Jan 7 2014, 2:56pm CST

Jodie Sweetin Paid off Tax to IRS

Jodie Sweetin Paid off Tax to IRS Jodie Sweetin has finally paid off an income tax amounting to $53,000 to the IRS.

Jan 7 2014, 8:13am CST

Cracker Barrel Waitress Serves Up Happiness, Gets Tip & More

Cracker Barrel Waitress Serves Up Happiness, Gets Tip & More “Can you give us your grumpiest server?” That was the request made by two men at a Nebraska Cracker Barrel. The hostess couldn’t accommodate their request. There are no grumpy servers here, she told them. Instead, she...

Jan 6 2014, 11:51pm CST

What You Need To Know About Taxes In 2014: Expired Tax Breaks, Obamacare Penalties & More

What You Need To Know About Taxes In 2014: Expired Tax Breaks, Obamacare Penalties & More Tax season opens in 26 days. And here’s my big prediction: a lot of taxpayers will be taken by surprise. Despite all of those “no new taxes” type promises, tax bills are expected to edge higher for a number of taxpayers...

Jan 5 2014, 6:31pm CST

IRS: New Year, New Rules

IRS: New Year, New Rules There are a lot of changes brewing in the tax world for 2014. Some changes are the result of things Congress did – and even more, the result of things didn’t do. But Congress doesn’t pull all of the strings. The...

Jan 3 2014, 2:36pm CST

7 Reasons Not To Pay Off Your Mortgage Before You Retire

7 Reasons Not To Pay Off Your Mortgage Before You Retire Many people, including myself, dream of having a “mortgage burning” party the week they retire. The very thought of making my last mortgage payment makes me jump for joy. No mortgage payment means peace of mind, freedom...

Jan 3 2014, 9:06am CST

Top Tax Stories Of 2013

Top Tax Stories Of 2013 When it comes to taxes, one thing you can’t say about 2013: it definitely wasn’t boring. Here are the top ten most popular tax stories on Taxgirl this year, by reader views: 11 Reasons Why I Never Want To Own A House...

Jan 1 2014, 10:36pm CST

13 Dramatic Year End Tax Strategies For 2013

13 Dramatic Year End Tax Strategies For 2013 The clock is ticking. 2013 is almost over which means that year end tax strategies are on the minds of many taxpayers. By now, we all know the most common tips (pay mortgages and taxes in advance, make contributions to...

Dec 31 2013, 12:16am CST

12 Days Of Charitable Giving: Committee To Protect Journalists

12 Days Of Charitable Giving: Committee To Protect Journalists It’s the eleventh day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have just...

Dec 29 2013, 9:36pm CST

The True Cost Of Christmas: Santa's Tax Bill

The True Cost Of Christmas: Santa's Tax Bill It’s Christmas Eve and this year, as always, at my house, there’s a lot of anticipation. And by anticipation, I mean that the kids don’t want to go to sleep (I have a totally different idea). We’re tracking Santa’s...

Dec 24 2013, 10:56pm CST

Timing Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year

Timing Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year At year end, there is often a flurry of advice about making income and deductions count for the year. The general consensus tends to be that nearly everything needs to be wrapped up by December 31. While December 31 is...

Dec 23 2013, 5:11pm CST

I4U news

TheTaxVox 2013 Lump Of Coal Award: Wait 'Til Next Year Edition Tax Vox proudly announces its seventh annual Lump of Coal Award for the worst tax and fiscal policies of 2013. The year was a curious mix of really bad ideas and dithering. After all, Congress’s finest moment may have...

Dec 23 2013, 8:46am CST

Duck Dynasty's Cracker Barrel PR? Talk Taxes

Duck Dynasty's Cracker Barrel PR? Talk Taxes Set in real Louisiana bayou country, A&E’s popular reality series Duck Dynasty follows a brood of real-life brothers who manufacture duck calls and love to go bird hunting. But Phil Robertson of the cast gave an...

Dec 22 2013, 11:31am CST

Woody Allen's Blue Jasmine Has A Tax Lesson

Woody Allen's Blue Jasmine Has A Tax Lesson I think that it is intuitively obvious that divorce is a major source of stress. I do not need to supplement the assertion with further research.   Go ahead and google “divorce stress” and pick from the numerous...

Dec 22 2013, 11:31am CST

Andrew Schiff Does Not Recommend That You Imitate His Father Irwin

Andrew Schiff Does Not Recommend That You Imitate His Father Irwin Irwin Schiff has taught that the federal income tax does not apply to most ordinary Americans.  You can read how he arrives at that conclusion in The Federal Mafia – How It Illegally Imposes And Unlawfully Collects...

Dec 20 2013, 8:34am CST

Microsoft, Amazon, Others Join In Fight Against Tax Proposal Of course they do

Oct 6 2010, 10:09pm CDT