Tax News
Depardieu, Newly a Russian, Will Play Frenchman in Chechnya
Gérard Depardieu, who renounced his French citizenship over high taxes, held a news conference in Grozny, the formerly war-torn Chechen capital, to a...
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Most outrageous tax cheats
From a restaurant owner who hid cash receipts in "seasoned octopus" boxes to a self-proclaimed governor of Alabama who buried gold coins in his yard, ...
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A Deduction Unevenly Used
A new report buttresses economists’ suspicions that high-income homeowners are the most likely to take advantage of the mortgage interest tax de...
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IRS to close for 5 days due to budget cuts
Forced budget cuts are taking another bite out of the tax collection agency's operations. In addition to longer waits on its helpline, the agency will...
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Israel’s Austerity Budget Draws Citizen Protests
A plan for higher taxes has prompted demonstrations reminiscent of those that rocked the country in 2011, when crowds protested the high cost of livin...
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Where the mortgage deduction pays off
The mortgage interest deduction is one of the most expensive tax breaks on the books, but its benefits are distributed unevenly across the country, ac...
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Greek Crackdown on Tax Evasion Yields Little Revenue
Tax evasion lies at the heart of the Greek financial collapse, yet efforts to collect billions of euros in taxes from deadbeat residents have yielded ...
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How does your mortgage deduction compare?
In 2010, the average mortgage deduction among homeowners claiming it on their federal tax returns was $10,640. But the average deduction claimed in ea...
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U.S. citizens ditch passports in record numbers
If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to America, tax-wise....
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Senate to vote on proposed Internet sales tax law
The U.S. Senate is expected to vote on a long-debated Internet sales tax law Monday, paving the way for millions of consumers to start paying sales ta...
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How to survive a tax audit
Tax season has finally wrapped up, but audit season is just about to begin....
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How Obama's tax hikes would hit the rich and middle class
While President Obama's 2014 budget proposal would violate his oft-cited pledge not to raise taxes on those making less than $200,000, it doesn't do s...
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Internet sales tax: What you need to know
Senate set to vote on long-delayed measure to allow collection of sales tax on Internet purchases, which could mean major change for online commerce....
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IRS employees charged with stealing benefits
Two dozen former and current IRS employees were indicted for claiming they were unemployed in order to receive more than $250,000 in jobless benefits,...
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