There are few things more stressful than filing your taxes, but CBS2 has the five red flags the Internal Revenue Service looks for before they come knocking on your door so you can hopefully avoid an audit.
If you haven’t already begun, now’s the time to prepare for filing your 2014 tax returns.
New York City Mayor Bill de Blasio’s signature proposal, a tax increase on the wealthy to pay for universal prekindergarten, appears to be on life support.
The mayor visited P.S. 130 in Chinatown on Tuesday afternoon to announce his administration has lined up all the classroom seats and then some to roll out universal pre-K this September.
The Quinnipiac poll found 49 percent of city voters support funding pre-K without raising taxes versus 40 percent who favor de Blasio’s proposed tax hike on those making at least $500,000.
Some cabbies turned in petitions over the six cents per fare fee, but other drivers said the money will go to good use.
De Blasio said he’d tax those making $500,000 or more to cover the cost of universal pre-K. Any tax would have to be approved by the state legislature and be signed by Gov. Cuomo.
It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for taxpayers.
It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam.
If you’re preparing your own taxes you should definitely do what the professionals do: use tax preparation software.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.