Whether its Jeb or Hillary in the White House, here's why tax reform will be the big winner in 2016, says political consultant Stephen Myrow.» Read More
Sole proprietors may be on top of it in terms of getting their taxes done, but they may be cheating themselves: According to data compiled from online accounting solution Outright.com, business owners are neglecting to report mileage expenses on their tax returns.
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.
Even if you haven't finished — or started — filling out your tax forms, you've still got time to get your receipts in order and work the tax code to your advantage.
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.
The latest inflation data shows rising gasoline prices could start to pinch consumers and steal away any savings from the just-approved extension of the payroll tax cut.
Rising gasoline prices could bite into any savings from the expected extension of the payroll tax cut, but for now the higher costs could be somewhat offset by lower winter heating bills.
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.
. USA Today reports.
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.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
a wrap-up of the day's news in small business.
A wrap-up of news in small business.
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?