Smart investors try to boost true return by using low-cost investments and tax-loss harvesting to minimize taxes. Robo-advisors can help.» Read More
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.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
Congress is battling over whether to extend the payroll tax cuts passed last year. Here's how to use currencies to trade the debate.
While Senate Democrats this week offer a new compromise on U.S. tax cuts including an extension of the payroll tax cut, broader tax reform remains unresolved heading into next year’s presidential election. Small businesses especially have a lot at stake.
Few, if any, politicians like to raise taxes, and those who do often pay dearly for it. Raising taxes, however, is sometimes a necessity evil, because there is simly no other way to increase revenue or reduce a deficit. What do you think?
Worries about municipal bond issue defaults have been overblown, obscuring the investment advantages of a once trusted debt instrument.
Taxpayers looking for ways to trim their 2011 tax bill, or simply to avoid unpleasant surprises when they file their returns, have a few weeks to make potentially helpful, money-saving moves.
There's nothing like taxes to start an argument. Though virtually everyone thinks they are too high in general, there's little agreement on what's fair for one group versus another.
Personal income taxes are likely to rise as lawmakers grapple with the country’s deficit. That's why some investors are opting for Roth IRAs and betting on paying a lower tax rate now. Not so fast, experts say.
You don’t have to be Warren Buffett to leave money to your family in trusts. There are tools to assist those with even modest wealth to reduce tax exposure, and protect and transfer assets.
If you're weary of focusing on holiday gifts and company parties, you may want to give some attention to another end-of-year ritual: tax-planning.
Accountant Paul Etzler says that with a little planning now, business owners can ensure they take advantage of all of the appropriate deductions and credits for the 2011 tax year. Here are his seven tax tips.
Insight into what is next for Greece and discussing the steps the European Union has taken to lever global debt, with Kyle Bass, Hayman Capital Management managing partner and CNBC's David Faber at the Barefoot Economic Summit.
Mad Money host, Jim Cramer weighs in on the NAT GAS Act, which expands the tax credit for natural fueled vehicles, with David Demers, Westport Innovations CEO.
Anyone considering the purchase of a new automobile has to think about more than just the sticker price, and ask how much the car is going to cost them to own.