Taxes Blog

Tuesday, April 19, 2011 3:02 pm
By Kay Bell · Bankrate.com

While millions of us were struggling to finish up our tax returns on Monday, April 18, folks in the Southeast had much more difficult and devastating battles on their hands. They were digging out of three days of deadly storms and tornadoes.  In times like that, nothing matters but finding your loved ones. And taxes definitely

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Thursday, April 14, 2011 1:39 pm
By Kay Bell · Bankrate.com

With the April 18 filing deadline bearing down, I know you’re focused on your 2010 tax return. But some of us have a couple of extra tax tasks to take care of by Monday, too. Are you looking to reduce your tax bill by deducting a traditional IRA contribution? You need to get that money

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Tuesday, April 12, 2011 10:54 am
By Kay Bell · Bankrate.com

Haven’t done your taxes yet? Maybe it’s because you’ve been working on your hairdo. OfficeMax’s 2011 Tax it to Me survey found that around 40 percent of respondents said they’d feel more confident taking a pair of scissors to their own locks than filling out their tax returns on their own. Before you go gender stereotyping, that

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Friday, April 8, 2011 1:52 pm
By Kay Bell · Bankrate.com

Yes, the tax filing deadline is close. But don’t get in such a panic that you fall victim to a tax scam. To make sure we all avoid this season’s most prevalent cons, the Internal Revenue Service has released its annual ”Dirty Dozen” tax scam list. These 12 scams could cost you more than you expect. Not only

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Thursday, April 7, 2011 12:47 pm
By Kay Bell · Bankrate.com

It’s looking like neither side is willing to blink in the government shutdown game of chicken. So what does that mean to taxpayers who haven’t filed their tax returns yet? Nothing. Internal Revenue Service Commissioner Doug Shulman has made it clear that while his agency will be short-staffed if the federal government runs out of money,

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Tuesday, April 5, 2011 2:46 pm
By Kay Bell · Bankrate.com

A lot of folks fear tax filing time because they’re afraid they’ll end up answering questions from the Internal Revenue Service. Yes, tax audits — or examinations as the IRS likes to call them, are real. But they’re not a problem for most of us. The IRS 2010 Data Book says that in the last fiscal

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Thursday, March 31, 2011 9:32 am
By Kay Bell · Bankrate.com

I’m a wife, so I do a lot of reminding. My husband insists on calling it nagging, but I know other wives out there understand that I’m just using gentle reminders to make sure that my very busy spouse doesn’t forget important things. As tax-filing season winds down — can you believe we’re now through

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Tuesday, March 29, 2011 12:48 pm
By Kay Bell · Bankrate.com

Are you as stunned as I am that General Electric Co., which netted $14 billion in worldwide profits last year, paid no U.S. taxes on the earnings? I’ve focused on taxes for almost 15 years. I lived in Washington, D.C., for two decades and saw how tax laws were made and then changed once folks

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Thursday, March 24, 2011 12:42 pm
By Kay Bell · Bankrate.com

 If you’re still waiting for your tax refund because the Internal Revenue Service had a problem with your repayment of the 2008 first-time homebuyer credit, you can expect your money by April 5. Really. That’s the official word from the IRS. OK, the IRS says that target date “assumes that there are no other issues with

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Monday, March 21, 2011 2:31 pm
By Kay Bell · Bankrate.com

Some homeowners who this year began paying back their first-time homebuyer credit are still waiting for their refunds because of an Internal Revenue Service computer glitch associated with that tax break. The affected taxpayers are those who took the original homebuyer credit on a residence purchased in 2008. That $7,500 tax credit wasn’t really a

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