Tax-related identity theft is the fastest growing kind of identity theft. Between 2005 and 2009 complaints to the Federal Trade Commission tripled from 11,000 to nearly 34,000, according to a Scripps Howard News Service investigation. Thieves steal personal information to use for themselves or sell, or they take it to divert a tax refund into their own pockets. Identity theft, as a whole, is on the decline, but the abundance of personal information in circulation during tax season makes it a prime time for thieves to strike. Here are four tips for keeping your information safe:
Tax evasion, nonpayment, and underpayment are important factors in the $300 billion the IRS doesn't collect each year. Why the tax evasion? Lack of enforcement is one reason.
Many people would answer a resounding 'yes.' But some experts caution that tax rates, when looked at historically and in comparison with those of other countries, aren't that bad. Here are some statistics – and how the debate might go between those who think taxes are too onerous and those who don't.
On Tax Day 2011, the 'Making Work Pay' tax break, which can be worth up to $800 per household, is one of several tax credits for which filers may be eligible.
To finance the Civil War, the Union government levied taxes on products, companies, and incomes. How income taxes have – and haven't – changed in the 150 years since.
According to The Smoking Gun, an investigatory website that examined the Donald J. Trump Foundation's tax forms, Trump 'may be the least charitable billionaire in the United States.'
The IRS has released an app that lets taxpayers track the status of their tax refund via smartphone.
US military action in Libya has led to new concerns about defense spending in Washington. It's time for Congress to make cuts.
Homeowners who got the first-time homebuyers tax credit in 2008, beware. You have to start paying it back on Tax Day 2011. But other homeowners are in line for new deductions.
Tax filing is required, even for illegal immigrants, under US and Arizona law. But in a new tax-filing crackdown, Arizona is not sending out refunds when ID numbers don't match.