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IRS tax fraud map
See full size here. (Credit: IRS)
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How to Stop Identity Thieves From Stealing Your Tax Refund

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.

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Category: AC, Country, Hot AC, News, Rhythmic, Rock Tags:
Money
401(K) 2012, Flickr
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Higher Taxes and Higher Prices Are Coming in 2013 — Dollars and Sense

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.

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Category: News Tags:
Tim Boyle, Getty Images
Tim Boyle, Getty Images
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Should Olympic Medalists Have to Pay Taxes on Their Winnings? [POLL]

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

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Category: News, Sports Tags: ,
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Is the US Tax System the Best in the World? — Survey of the Day

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.

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Category: News Tags:
Mario Tama, Getty Images
Mario Tama, Getty Images
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Do You Support the Buffett Rule? — Survey of the Day

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?

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Category: News Tags: ,
Thinkstock
Thinkstock
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10 Things You Definitely Should Not Do on Your Taxes

So, you think you’re ready to file your taxes, huh? Well, not so fast.

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Category: News Tags:
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Should Soda and Other Sugary Drinks Be Taxed? — Survey of the Day

Much like cigarettes and alcohol are taxed, there is a movement afoot to levy similar charges on soda and other sweetened beverages.

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Category: News Tags: ,
Mark Wilson, Getty Images
Mark Wilson, Getty Images
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What Do You Plan On Doing with Your Tax Refund? — Survey of the Day

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.

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Category: News, Sports Tags: ,
Joe Scarnici, Getty Images
Joe Scarnici, Getty Images
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MC Hammer Reportedly Owes $700,000 in Unpaid Taxes

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.

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Category: Celebrity News, News Tags: , ,
Jason Merritt, Getty Images
Jason Merritt, Getty Images
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‘Jersey Shore’ Costs New Jersey Taxpayers $420,000

‘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.

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flickr/EvelynGiggles
flickr/EvelynGiggles
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Here’s What You can Save on This Weekend During Texas Sales Tax Free Weekend

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.

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Joe Raedle, Getty Images
Joe Raedle, Getty Images
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How To File an Extension For Your 2010 Taxes

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.

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Category: News Tags: , , ,

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