The IRS is cracking down on people with foreign bank accounts. If you have one, better pay up or file for amnesty.
The super-rich had at least $21 trillion hidden in secret tax havens worldwide at the end of 2010. And it’s probably a low-ball amount.
If you had any doubt that taxes need to be thought about year-round, then consider what will happen tomorrow. On the federal level, the first-time homebuyer tax credit will come to an end Thursday, Sept. 30. That’s the day that folks who had a contract in place by April 30 on a qualifying home must actually close on the purchase