The owner of the most expensive apartment ever in New York City owes just 0.017 percent in property taxes thanks to a legal loophole.
Some wealthy and low-income married couples are losing out at tax time, but experts say eliminating the marriage penalty is complicated.
After a year of higher taxes, small businesses face uncertainty on tax deductions they've come to rely on, The New York Times reports.
Identity theft is already a serious problem—the No. 1 complaint to the FTC—and tax-related identity theft is a growing part of this crime spree.
Apple and other multinationals that keep money overseas are not doing anything wrong on taxes, opposing political pundits agreed on CNBC. But they clashed on reforms to discourage that practice.
Anders Borg, the Swedish finance minister, tells CNBC what progress has been made so far on a European banking union.
Donal O'Mahony, global strategist at Davy, tells CNBC that when the dust settles on Cyprus investors will be left thinking about what Europe didn't do.
Lars Seier Christensen, co-founder and CEO of Saxo bank, tells CNBC that one has to assume the EU may use a depositor tax again in future crises.
Lothar Mentel, CIO of Tatton Investment Management, tells CNBC that the Cyprus situation was known for a while and that the Europeans played brinkmanship in the way they handled it.
CNBC's Steve Sedgwick grilled the president of the EU commission, José Manuel Barroso and the Russian prime minister, Dmitry Medvedev, on the relationship between Europe and Russia at a press conference in Moscow.
Ruth Lea, economic advisor at Arbuthnot Banking Group says fiscal stimulus proposed in the U.K. budget is too small.
Ivan Tchakarov, chief economist at Renaissance Capital, tells CNBC that the Cyprus crisis presents an opportunity for Vladimir Putin to take the moral high ground and become the 'savior of Europe'.
Nicholas Spiro, managing director at Spiro Sovereign Strategy, tells CNBC that to take the risk on Cyprus for a puny 5.8 billion euros 'beggars belief'.
Anthony Scaramucci, managing partner at Skybridge Capital, tells CNBC that like when Lehman Brothers was allowed to fail, allowing Cyprus to fail will have unintended consequences.
Efi Xzanthou, a member of Cyprus's Green Party and Parliamentary Finance Committee, tells CNBC that as soon as they open there will be a run on the banks as no depositor will feel safe.
Stephane Deo, global head of asset allocation at UBS, tells CNBC that taxing small savers in Cyprus is the wrong thing to do, and taxing big depositors is a better solution.
The Cypriot parliament will today vote on the highly controversial levy on bank deposits, CNBC has been speaking to a number of market experts who all warn that the tax sets a dangerous precedent.
Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.
Ashraf Laidi, chief global strategist at City Index, tells CNBC that investors, who want to play the Euro without the periphery, should play the Swiss Franc.
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.