Topic: Internal Revenue Service
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Income taxes: Five changes for 2012
Here are new income tax provisions to watch for as you work through your 1040 form:
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Ten tax moves to protect yourself from the fiscal cliff
Americans are facing an unprecedented tax increase of nearly $500 billion on Jan. 1, 2013, from the so-called "fiscal cliff." Are you ready? Here are 10 year-end tax strategies I recommend:
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4 ways Congress can help American businesses
The US unemployment hovers around 8.2 percent and the Dow Jones Industrial Average is struggling to remain above 12,000. The message is clear: This recovery from the Great Recession is still fragile. Legislators should focus their attention on these four straightforward policy changes to help American commerce.
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Major gay marriage cases in federal court and where they stand
Battles over same-sex marriage have been raging in the federal courts for several years. Two could reach the US Supreme Court within a year: one challenging California's ban on gay marriage under Proposition 8, and the other seeking to invalidate the federal Defense of Marriage Act (DOMA). Here are the cases to follow.
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Tax day: 8 top tax breaks for parents on tax deadline
As tax deadline looms, parents are looking for as many tax breaks as possible.
All Content
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Opinion: Obamacare faces new legal challenge: Its 'tax' still violates the Constitution
The Supreme Court saved Obamacare by deeming the law's individual mandate a 'tax.' But in that case, the law violates the Constitution's Origination Clause, which says all tax bills must originate in the House, not the Senate. Letting the law stand sets a dangerous precedent.
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Decoder Wire Obama bangs: With jokes like this, who needs Conan O'Brien? (+video)
Obama bangs joke at the White House correspondents' dinner Saturday night shows how, with professional help, presidents are now just as funny as the comedian hosts.
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Chapter & Verse Boston marathon bombing: how it connects Tolstoy, David Foster Wallace
Echoes of one of Tolstoy's great works, inspired by the conflict between Russia and Chechnya, can be found in the final novel by David Foster Wallace.
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The New Economy IRS to close for five days: this week in the economy
The IRS will shut its doors to the public for five days in the coming months due to federal budget cuts. IRS closure dates and other news from around the economy this week.
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Boston Marathon attack: Circle of possible bombers narrows, experts say (+video)
Experts who follow radical groups inside the US look at emerging details about the Boston Marathon attack and see the work of a domestic operative – either American jihadi or antigovernment extremist.
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Working late on tax returns? Here's how to file for an extension.
It's tax day, and if you're not done, just file for an extension instead of rushing to finish, experts say. It's easy to get an extension, and the penalty for not filing anything at all is high.
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USA Update Obama, like everyone, must face the tax man. Here are his numbers.
President Obama is wealthy, but his income has been dropping in recent years, mainly due to a decline in book revenues. In releasing his 2012 return, the White House again pushed for tax reform.
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Focus
Tax reform: Why a kinder, simpler tax code eludes Congress, so farAs Tax Day nears, Americans in the throes of preparing their returns may be dreaming of a simpler tax code. Here's why tax reform is such a tall order for Congress – and how two lawmakers are laying the groundwork for it now.
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Energy Voices Wind industry in holding pattern, awaiting new tax rules
As long as construction starts before year-end, wind and geothermal properties are eligible for the Production Tax Credit. The problem, Hinckley writes, is no one is exactly sure what it means to begin construction.
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IRS unclaimed refunds: The IRS owes you $1 billion (some of you, anyway)
Did you claim your refund? The IRS reports that $917 million in unclaimed refunds from 2009 will be theirs to keep as of April 15. If your paycheck withheld more than you owed, there's no penalty for filing your taxes late — but after three years, the feds get to keep your unclaimed refund.
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Florida Lt. Governor resigns amid Internet gambling probe
Authorities in Florida have spoken to former Lt. Gov. Jennifer Carroll about a firm she once represented that is under investigation. Carroll submitted her resignation Tuesday.
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Chris Zorich, ex-Chicago Bear, faces tax charges
Chris Zorich faces four misdemeanor counts of not filing federal income tax returns from 2006 to 2009.
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What the 'sequester' means for you ... and what won't change
For millions of Americans, life should go on much as usual, but for millions of others cuts in federal spending from the 'sequester' are likely to bring tangible effects. Which camp are you in?
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Tax VOX Financial aid: finding better ways to help college students
There are many ideas for improving federal assistance for low-income college students, Rueben writes, including better targeting of higher education tax credits.
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Wal-Mart weak forecast gives glimpse of economy
Wal-Mart forecast: The poor and middle-class Americans Wal-Mart caters to — and who are big drivers of spending in the U.S. — are struggling with rising gas prices, delayed income tax refunds and higher payroll taxes.
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The Vote White House correspondents' dinner: Conan O'Brien too safe for 'nerd prom'? (+video)
The White House correspondents' dinner is about the hippest thing going, by D.C. standards. The host is always a big deal. So what does Conan O'Brien bring to the table?
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Income taxes: Five changes for 2012
Here are new income tax provisions to watch for as you work through your 1040 form:
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Mayor Maureen O'Connor loses $1 billion gambling, San Diego stunned
O'Connor pleaded not guilty to a money laundering charge in an agreement with the Justice Department that defers prosecution for two years while she tries to repay the foundation and receives treatment for gambling.
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Saving Money Tax preparation: 4 ways to get it for free
Depending on your age and income level, there are a wealth of cheaper alternatives to hiring a tax pro.
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Tax VOX Immigration debate: a reason to separate work and family tax credits
Work and family tax credits are needlessly complex for immigrant families whose children's legal status and residency determine their eligibility those credits, Maag writes.
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Tax VOX Can the income tax fund the government we want?
The income tax’s ever-narrowing base simply cannot support the nation’s spending demands, Gleckman writes.
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Where's my refund? IRS tool helps you answer that question.
'Where's my refund' has been updated this year, so you can find your status within 24 hours of filing your return electronically. The 'Where's my refund' tool won't give an estimated refund date immediately, but 90 percent of tax refunds should go out within 21 days.
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Tax VOX Why the IRS should tax equity fund profits as ordinary income
Business profits should be taxed as ordinary income, Rosenthal writes, and private equity funds are the same as other businesses, in that they deploy capital, labor, and other inputs to make their profits.
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Obama birth-control proposal: Some religious groups reject revised plan
Obama birth-control plan would give women at religious nonprofits birth-control coverage through a separate insurance plan, which their employers would not pay for.
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The Monitor's View: Immigration reform as a path to conscience, not just citizenship
A bipartisan plan on immigration reform by a group of senators reflects tough terms for forgiving most illegal immigrants. President Obama, too, must adopt only an amnesty that strongly contributes to rule of law.
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