MIX Means Variety » taxes

Your Facebook Page Could Get You in Trouble with the IRS [VIDEO]

Lori Crofford — Tue, 09 Apr 2013 17:31:40 +0000

Tax time is drawing to a close in fact you have until Monday to file your taxes. However, if you cheat a little bit on your taxes or cheat big on your taxes, be prepared because the IRS is using more than just your tax return to check up on you. The IRS is now [...]

Dionne Warwick Declares Bankruptcy With a $10 Million Tax Debt

Ryan Anderson — Wed, 27 Mar 2013 10:19:19 +0000

Looks like crooner Dionne Warwick won’t be able to ‘Walk on By’ the IRS. The songstress has filed for bankruptcy, claiming she has $25,000 in assets but owes $10.2 million to Uncle Sam. You’d think Miss Cleo would’ve warned her about this. TMZ reports that Warwick’s repÂ Kevin Sasaki chalked up the mess to “negligent and [...]

Is Your Unclaimed Tax Refund Among the $1 Billion Being Held by the IRS?

Chris Chaberski — Fri, 15 Mar 2013 12:23:29 +0000

There are still a few weeks left to file your 2012 tax return, but April 15 of this year marks another important deadline for taxpayers: it's your last chance to file for a refund on your 2009 taxes.

Why You Should Beware of Tax-Refund Loans

Chris Chaberski — Thu, 07 Mar 2013 11:00:27 +0000

It takes at least a few days, sometimes longer, to receive your refund after you’ve filed your taxes with the IRS. Some people, though, just can’t seem to wait. This almost certainly is a bad decision. Not long ago, banks offered something called refund-anticipation loans, which basically meant that a bank would immediately lend you [...]

How Do You Plan to Spend Your Tax Refund [POLL]

Lori Crofford — Wed, 06 Mar 2013 15:29:06 +0000

It is tax season, which means folks all over the U.S. are getting back a part of their hard earned money, or they are cussing because they have to pay. Either way it all has to be done by April 15th, which falls on a Monday this year. So if you are getting a chunk [...]

How to Stop Identity Thieves From Stealing Your Tax Refund

Chris Chaberski — Wed, 13 Feb 2013 11:50:54 +0000

Last week, the Internal Revenue Service announced that it had targeted about 400 identity thieves across the country. The thieves were using stolen Social Security numbers to file false tax returns and then claim the refunds.

Higher Taxes and Higher Prices Are Coming in 2013 — Dollars and Sense

Mike Adams — Mon, 29 Oct 2012 12:30:16 +0000

Regardless of the American economy’s checkered enthusiasm, it appears as if consumers are currently aboard the fast track to higher taxes and rising prices on things like health care and grocery items scheduled to come around at the turn of the new year.

Should Olympic Medalists Have to Pay Taxes on Their Winnings? [POLL]

Shauna Wright — Fri, 03 Aug 2012 12:00:25 +0000

Olympics medals aren’t worth much, so it may surprise you to know that medalists also get stuck with a hefty tax bill.

Is the US Tax System the Best in the World? — Survey of the Day

Jeremy Taylor — Wed, 18 Apr 2012 12:04:49 +0000

Perhaps tax season, and all the stress and frustrations it can bring, isn’t the best time to ask Americans what they think of our system of taxation. But that’s what Rasmussen Reports did. One thousand adults were surveyed to get their take on whether they thought America has the best tax system in the world. [...]

Do You Support the Buffett Rule? — Survey of the Day

Jeremy Taylor — Tue, 17 Apr 2012 12:41:18 +0000

Named for billionaire investor Warren Buffett, who has argued that he shouldn’t pay a lower tax rate than his secretary, the Buffett Rule would mandate a minimum 30 percent tax rate for any household which makes over $1 million a year.

But is the rest of country onboard with such an idea?

10 Things You Definitely Should Not Do on Your Taxes

Maura Chwastyk — Thu, 05 Apr 2012 12:26:56 +0000

So, you think you’re ready to file your taxes, huh? Well, not so fast. Preparing your yearly return is no simple chore, but, luckily there are some tips you can use to make the process a whole lot easier: File Late (or not at all) The failure to file fine is generally greater than the [...]

Should Soda and Other Sugary Drinks Be Taxed? — Survey of the Day

Jeremy Taylor — Thu, 22 Mar 2012 13:49:49 +0000

Much like cigarettes and alcohol are taxed, there is a movement afoot to levy similar charges on soda and other sweetened beverages. As it stands, 33 states have some form of sales tax that is added to soda and other sugar-based drinks. And more and more places are trying to jump on the “soda tax” train, including New York [...]

What Do You Plan On Doing with Your Tax Refund? — Survey of the Day

Jeremy Taylor — Wed, 14 Mar 2012 12:13:23 +0000

The good news is that 67 percent of Americans expect to to get a refund from the IRS this year. The bad news is that much of this money is going to be spent taking care of other debts, rather than be used for something fun. According to a Taxsoftware.com survey of 1,005 adults, 29 [...]

MC Hammer Reportedly Owes $700,000 in Unpaid Taxes

Scott Shetler — Tue, 13 Dec 2011 13:45:53 +0000

MC Hammer‘s money woes just will not go away. TMZ says the U.S. government is suing the ‘U Can’t Touch This’ rapper and his wife for $779,585 in back taxes. The taxes are reportedly from 1996 and 1997, a time when Hammer was famously struggling with debt. TMZ adds that the government could attempt to [...]

'Jersey Shore' Costs New Jersey Taxpayers $420,000

Shauna Wright — Fri, 16 Sep 2011 12:30:54 +0000

‘Jersey Shore’ doesn’t just rot brains — it drains tax coffers, too.

MTV’s hit reality show, which depicts the exploits of a group of raisin-tanned 20-somethings as they live and party along the New Jersey coastline, has just had $420,000 of its 2009 production costs covered by the state’s Economic Development Authority.

Here's What You can Save on This Weekend During Texas Sales Tax Free Weekend

Lori Crofford — Wed, 17 Aug 2011 13:42:03 +0000

The masses will be coming out in full force this weekend to stores all over Texas. Why? To save money on back to school clothes and supplies. It is sales tax free weekend this Friday, Saturday, and Sunday. Here is the list of what you don’t have to pay taxes on this weekend. If you [...]

How To File an Extension For Your 2010 Taxes

Lori Crofford — Mon, 18 Apr 2011 18:16:39 +0000

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

Five Craziest Taxes in History

Lori Crofford — Mon, 18 Apr 2011 17:09:34 +0000

Do you ever get the feeling that you are paying taxes on some of the most ridiculous things. I don’t think some taxes could get as crazy as the following taxes. Thank goodness you don’t have to pay taxes on these things anymore. #1.) Urine. Ancient Rome’s sewage system was revolutionary, but a lot of [...]