There are moments in life when you are simply stunned by your own stupidity. Business Insider tells the story of Zach Jason, whose stupid mistake on his return cost him dearly. The letter Zach Jason received from the IRS on his birthday simply disconcerted him. “Your tax…
An American has not paid taxes for 10 years. He told Slate how he stopped filing taxes, how his problems grew, and why he decided to come clean. Jim, a healthcare worker, has not filed a return for ten years. He submitted it in 2020...
Filing a tax return can be a complicated process. It’s easy to make mistakes, such as miscalculating arithmetic, missing deductions, or choosing the wrong tax status. These mistakes often result in stress and financial problems. However, you can correct the mistake you made to avoid penalties and…
The new tax season is approaching, and while most Americans are preparing to file their taxes, there are those who won't. People don't file tax returns for various reasons: a difficult divorce, death or illness of loved ones, and sometimes they just don't want to, thinking that...
From tax policy overhauls to renewed trade tensions, these developments could change the rules of business and family budgeting, writes Go Banking Rates. According to forecasts, four economic shocks await us on the first day of Trump's second term.…
Some Americans could get a tax break in 2025. Nine states are starting the year with state income tax cuts, CBS News reports. The changes are part of a recent trend of state-level tax cuts that began during the pandemic, when…
It's probably not surprising that a country with such a colorful and varied history as the United States can have some crazy taxes. From belt buckles to a deer carcass, there are many oddities that will increase your tax bill. MSN writes about this. Alabama: Confederate Veterans...
Choosing a tax professional is important to preparing an accurate and well-prepared tax return. The Internal Revenue Service (IRS) provides guidance and resources to help taxpayers make informed choices and avoid scams. Types of Tax Professionals There are three…
December isn't just about the Christmas tree and plans for next year. It's also about summing up your finances and preparing to file your taxes. The IRS announces inflation-related rates and deductions every year. We've collected the data to…
Without a winner since early June, the Mega Millions jackpot has grown to $575 million, the ninth-largest jackpot ever. But don't expect to take home the entire amount if you're lucky enough to hit the only winning combination of five white balls plus…