Despite a surge in the number of partnerships over the last decade, the IRS did not conduct field audits for 99 percent of these tax-favored businesses from 2007 through 2012, said the preliminary report from the Government Accountability Office, the investigative arm of Congress.» Read More
The numbers of people filing their taxes on a mobile device is accelerating. CNBC's Jon Fortt shows how taxpayers can file on their tablets.
The deadline for filing taxes is midnight Tuesday. If you're due a refund— and about three-quarters of filers typically are— missing the April 15 deadline will not get you in trouble. The IRS allows taxpayers to file for extensions, giving them an additional six months.
Financial advisor Jerry Lynch took a deeper look at President Obama's tax return. Here are five of the biggest tax issues for the first family.
The IRS is doing less audits than it used to, but if you're wealthy your chances of being audited have more than doubled over the past 5 years, reports CNBC's Robert Frank.
Thomas Stemberg, Highland Consumer Fund managing general partner, discusses corporate tax rates and why it's time for tax reform.
Lawmakers are fighting to scrap an operation that exists to sell government documents people can find for free online.
While individuals seek to take advantage of dozens of deductions and loopholes, corporations have famously excelled at this game, NYT reports.
CNBC's Robert Frank and CNBC contributor Ben White take a look at what's likely to trigger an audit by the tax man.
Social Security Administration suspends a program in which thousands of people were having their tax refunds seized to recoup old overpayments.
With the deadline for filing hours away, tax professionals across the country said some clients have been surprised to learn the Internal Revenue Service was taking a larger bite.
Mark Martiak, Premier Wealth Management, discusses how tax-related selling contributes to the market's latest weakness. CNBC's Robert Frank provides perspective.
CNBC contributors James Pethokoukis and Jared Bernstein discuss the increased tax rate on the top 1 percent of earners.
CNBC's Robert Frank reports the average tax bill for the top 1 percent of earners will be $525,231.
If you have trouble balancing your checkbook, imagine trying to keep track of where $2.7 trillion goes every year. We give it a shot.
RIO DE JANEIRO, April 14- The group representing Brazil's buyout industry is in talks with the government and lawmakers to implement a lower tax scheme on venture capital funds to help lure more money into the highly-risky segment, senior executives said on Monday.
NEW YORK, April 14- There are many enterprises out there trying to separate you from your tax refund- from splurges such as airlines tickets for a celebratory vacation or for good purposes, like putting it all in a college savings account.
The IRS audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income.
AUGUSTA, Maine— The Democrat-controlled Legislature in Maine on Monday killed a bill proposed by Republican Gov.
LONDON, April 14- When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas trading operation to Singapore from Britain, it said the aim was to get closer to its customers. "Singapore has already attracted some people from Geneva," he added.
As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in years.
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