A filing error has resulted in the delay of up to 600,000 tax refunds — among them students who need the money to pay for books and the tax receipt to apply for financial aid, the IRS said Tuesday.
Did you know there is a 20 percent chance that you have a mistake on your credit report? CNBC's Eamon Javers has the details. And Mike Dewine, Ohio Attorney General, weighs in on what consumers can do about it.
Big companies in Britain now pay less tax than they did 12 years ago despite a big jump in profitability. Tax campaigners say the trend is the clearest signal yet that tax avoidance has blossomed under a more business-friendly strategy at the UK tax authority Her Majesty's Revenue and Customs.
Rebecca Berg, Capitol Hill Reporter at BuzzFeed, tells CNBC that in the debate over the debt ceiling the Democrats may be more obstructionist than the Republicans over tax cuts.
There are many financial perks that come with being married. Filing taxes generally isn’t one of them.
Mitt Romney said "There are 47 percent of the people who pay no income tax." Who are these people, and why are they exempt? Click to see which states have the highest number of people who pay no federal income tax.
My worst fears about Paul Ryan were borne out in Wednesday night's speech.
Kelley Blue Book has provided CNBC.com with its list of 10 cars that are the best for commuting. Check out the list.
President Obama must be paying the least amount of taxes possible, as he has access to such talented people, right? Wrong. Even without a thorough analysis, we see there are some huge ways to reduce what the Obamas are paying in taxes.
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.
GOP Candidate Mitt Romney wants to cut the top income tax for individuals to 28 percent, down from his earlier plan to preserve the 35 percent rate.
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.
By knowing exactly what cash you have coming in and going out and when those transfers occur, you ensure you have enough cash to continue operating from day to day. At its most basic level, cash-flow forecasting helps a business survive.
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.
The battle over extending a payroll tax cut and employment benefits continues. Details on how a bi-partisan compromise can be made, with Jared Bernstein, former chief economist/economic policy adviser to Vice-Pres. Biden, and former Sen. Judd Gregg (R-NH).
CNBC's Bertha Coombs has details of a shocking new study that shows just how little taxpayers are getting in return for corporate tax credits and economic development subsidies.
The IRS audits a higher percentage of businesses with assets below $50 million than businesses above that level, according to data from Syracuse University. With 2012 fast approaching, now’s a good time for small businesses to consider an end-of-year legal review to pinpoint and improve areas of potential risk, according to online legal-help company Rocket Lawyer.