NEW YORK, Sept 3- When everyone else starts loading their backpacks and shopping the back-to-school sales, I know it is time for me to dive back into TurboTax. That's because fall is the perfect time to plan my approach to the tax forms I won't file until next April. By using the next four months strategically, I may be able to reduce the amount I have to pay then.» Read More
High earners worried that this year’s Tax Day will be the last before their rates rise have more than the White House and Washington to blame. They can also look to two academically revered French economists whose work is the subtext for the battle over tax fairness.
Here are some things to check or consider if you still have the good old "1040 Form" on your to-do list, the Christian Science Monitor reports.
Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.
Baby boomers could stand to inherit more than $8 trillion in a transfer of wealth from their parents and, according to one estimate, more than a quarter of that money has already been doled out.
The Mega Millions Jackpot now stands at $640M and Richard Lustig, a 7-time lottery winner, discusses what to do if you win.
April is the month with the deadlines for IRA contributions and mandatory IRA withdrawals and the deadline for your 2011 IRA contribution is April 17, 2012.
The good news is Americans are living longer. But the worry for many retirees is that they'll outlive their savings.
Is a tax refund coming your way? If you have already received your refund for 2011 or are about to receive it, you might want to think about the destiny of that money. Here are some possibilities.
Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.
For most of us, retirement will be the shortest, most challenging period of our lives and yet few are fully prepared for this life stage.
Last year, property tax collections declined 0.9 percent when adjusted for inflation. If that downward trend continues, property taxes may actually decline in absolute terms, which hasn't happened since the Great Depression. USA Today reports.
"Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits," says one financial planner.
One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not.
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union.
The IRS audited one in eight millionaires who filed taxes last year while only auditing 1 in 100 individuals earning less than $200,000 in an effort to "assure that there's equity in the system."
Prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities, and sources briefed on the matter said the three worked for Wegelin & Co, one of Switzerland's oldest private banks.
The stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. The New York Times reports.
At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.
The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.