When it comes to figuring your taxes, should you rely on software or turn to a pro?
Speaking with a “Daily Show” correspondent about President Obama’s plans to increase minimum wage, Euro Pacific Capital CEO Peter Schiff ridiculed the idea, suggesting that the “mentally retarded” could work for $2 an hour, because “you’re worth what you’re worth.”
Waterbury Mayor Neil O’Leary is vouching for a retired detective who faces sentencing in connection to lying to federal tax agents investigating a tax preparer.
Maine’s governor, who has gained attention in the past for telling the NAACP to “kiss my butt” and comparing the Internal Revenue Service to the Gestapo, has moved out of his office at the State House and says he’ll work out of the governor’s mansion because of a dispute over a television screen.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.