Taxes have helped reduce the number of smokers. They also have cost the U.S. Treasury billions — because of tobacco tax loopholes, not fewer smokers.
A Republican bill makes what supporters say are improvements to the popular $1,000 child tax credit. Most Democrats, however, disagree with the ‘improved’ moniker.
While the courts duke it out over who is eligible for the Obamacare premium tax credit, the IRS chief says his agency will continue to offer the credit as usual.
Wealthy New York City residents who do move tend to stay relatively close to their old home in other high-tax states.
Victims of tax preparer fraud suffer twice, says the Taxpayer Advocate. First they lose their tax refunds, then they must wait years for a replacement check.
Around $106 billion is lost government-wide due to improper payments. The IRS contribution to this unwelcome amount is $15.6 billion in bad EITC claims.
Crowd funding is a fun and potentially lucrative way to pay for your project. It also could leave you with a big tax bill.
Few people who turn 30 receive a birthday gift that requires a $6.9 million tax payout.
Celebrate Independence Day by flying Old Glory proudly. In some states, your U.S. flag purchase is tax free.
Uncle Sam is serious about getting his cut from foreign accounts. FATCA and new voluntary disclosure rules should help.