If there is anything nearly every American can agree on, it is that the way the American government collects taxes is frustrating, confusing, and downright crazy. The system has become so complicated that a layman would have to spend hours, if not days, shifting through all of the different rules and regulations if they want to ensure their yearly return is done properly.
April 15th is a day that elicits a strong emotion in many of us Americans. While millions of Americans have already filed their Federal Income taxes, there are always millions more procrastinators out there who wait until the final minute to submit their paperwork. Everyone has their own reasons for doing their taxes when they do them.
So Ted Cruz is running for President, and wants to abolish the IRS.Back in the wake of the “IRS Scandal”—that is, when the public became aware that the IRS was selectively targeting nominally conservative or Tea Party-associated groups for tax audits, Cruz’s solution was to eliminate the federal body altogether.
Don't ever think of telling President Obama he is a lame duck. He has too many things he still wants to accomplish before he leaves and beginning the process of lifting up the middle class is at the top of his list.
If you ever want to see a 'real life experiment' on how to turn Ayn Rand's philosophy into a state wide policy, then look no further than Kansas. Governor Brownback coasted to election four years ago on his promise to make Kansas a bastion of conservative orthodoxy.
The corporate tax rate is a heavily debated topic in this country. And many on the far right and those on the side of big business sight that upwards of a 35% corporate tax rate is far too high a premium to pay in taxes, just to do business in the United States.
The tax preparation industry is one of those industries that everyone loves to hate. Since the average American doesn't understand the tax code, these organizations step in and promise to take care of everything for you. All you need to do is give them a hefty fee and voila, your taxes are now done. If you're lucky, you'll get some money back.
Several months behind Colorado, but still only the second state in our union to do so, Washington state has begun to officially sell recreational marijuana. Sales began on July 8th. As with Colorado, the first day of sales was largely celebratory and more historic in nature, than anything else.
Federal Income Tax News & Opinion Articles
|Mon Apr 13, 2015 | vox.com|
By one estimate, American individuals and businesses together spend 6.1 billion hours complying with the tax code every year. Lots of that time is likely compressed into...
|Sat Mar 14, 2015 | cnn.com|
They are very convincing when they call. They have a Washington phone number and can cite your financial history down to the cent.
They say you're under investigation,...
|Tue Jul 01, 2014 | business-standard.com|
With July 31 being the last day for filing income-tax returns, tax assesses need to start getting their returns ready electronically. In the last few years, things have...
|Mon Apr 14, 2014 | entrepreneur.com|
April 15 seems so far away. And then it comes, like a flash.
A six-month tax filing extension might seem like the best option, especially when there is a business to...
|Fri Apr 11, 2014 | forbes.com|
If you could live (or vacation) anywhere in the world, where would it be?
If your idea of the perfect home is on the water, you’re in luck: the Internal Revenue...
|Thu Apr 10, 2014 | reuters.com|
There are many tax-time nightmares, but here's one of the most common: You don't have the cash to pay what you owe on April 15.
"A couple of weeks ago, I ended up...
Federal Income Tax Videos
|Mon Apr 14, 2014|
Ellen had an expert on to answer some very important tax questions.
|Tue May 08, 2012|
What happens when a paycheck talks? Don't miss an opportunity to learn where your federal income taxes and payroll...
|Fri Apr 13, 2012|
CNN explains the importance and stress of tax day, when it originated and what happens if you don't take it seriously.
|Fri Mar 11, 2011|
A number of tax forms exist to cover federal, state and city tax filing situations, but online filing can help you...