Taxes Blog

Tuesday, November 1, 2011 12:46 pm
By Kay Bell · Bankrate.com

Uncle Sam is happy to help you pay for your continuing education. But just like your parents, he’d really appreciate it if you’d attend class. Such truancy has produced a billion dollar tax problem for the federal government, according to the Treasury Inspector General for Tax Administration, or TIGTA, the office charged with keeping an

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Tags: tax, Taxes
Thursday, October 27, 2011 11:56 am
By Kay Bell · Bankrate.com

During the recession, most of us have learned to live on less. That situation soon might apply to the Internal Revenue Service, too. Both the House and Senate Appropriations Committees, the panels that propose how much money federal operations get, want to cut the IRS budget. The House plan calls for the IRS to get

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Tags: tax, Taxes
Tuesday, October 25, 2011 1:08 pm
By Kay Bell · Bankrate.com

There is no dress code for Occupy Wall Street. But at the gathering in Chicago this month you could have caught a glimpse of several protesters in green tights. The group was calling for a Robin Hood tax. And they dressed to make their point, including the legendary bandit’s vest and green conical hat, complete

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Tags: tax, Taxes
Friday, October 21, 2011 11:33 am
By Kay Bell · Bankrate.com

No one likes paying taxes. But would a flat tax make more of us tolerate the task more? Republican presidential hopefuls Herman Cain and Rick Perry are betting their path to the White House is along a flat tax route. A tax system in which all taxpayers pay the same percentage rate obviously would be

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Tuesday, October 18, 2011 12:44 pm
By Kay Bell · Bankrate.com

Nobody likes paying taxes, even when we acknowledge that we must do so to get services. But which tax do we hate the most? It’s a close race, but last year property taxes edged out income taxes as the most-hated tax. Yes, even though this levy can offer some tax benefits to homeowners who are allowed to

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Thursday, October 13, 2011 11:52 am
By Kay Bell · Bankrate.com

Who here ordered a new U.S. tax system? You? Great. Here you go. That’ll be 9-9-9. And don’t worry about tipping your delivery blogger. Actually, 9-9-9 isn’t the price of the tax reform plan offered by Republican presidential candidate Herman Cain. It’s the name of his proposed solution to our convoluted tax system. Cain wants

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Tags: tax, Taxes
Tuesday, October 11, 2011 10:19 am
By Kay Bell · Bankrate.com

While it’s easier for criminals to exploit tax themes around the April filing deadline, tax scams crop up 365 days a year. But despite the time of year, the most popular tax con remains the same: phishing. Identity thieves send out emails purporting to be from the Internal Revenue Service and request personal and tax information

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Thursday, October 6, 2011 2:30 pm
By Kay Bell · Bankrate.com

Colorado is home to the skinniest Americans, although there are reports they’ve been loosening their belts of late.    Colorado also imposes a soda tax and a candy tax. Coincidence? Or cause and effect? If you’re a fan of the taxes, you say that the extra pennies tacked onto fattening food and drinks supplement willpower and help people keep

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Tuesday, October 4, 2011 1:46 pm
By Kay Bell · Bankrate.com

You know that old saying about the cobbler’s kids going barefoot, right? Well, I’m the tax geek version. A lot of years I file for an extension. And when I do, I also tend to wait until the drop-dead October filing deadline (it’s Monday, Oct. 17, this year) is upon me before I complete my

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Thursday, September 29, 2011 1:20 pm
By Kay Bell · Bankrate.com

In these tough times a lot of folks have to scrimp to pay their bills. That includes what they owe the IRS. The IRS understands this. And the agency long ago discovered what private businesses have known all along. If you let people pay off their bills over time, you get the money, and you

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