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.
For easy filing this year download all your Federal Tax Forms from our one-stop shop.
Tuesday is the deadline to file and send in your tax returns, so if you haven’t started, it’s not too late. Kelli Grant from SmartMoney.com has some last minute tax tips.
Only a few energy tax credits will extend through 2016.
The state Economic Development Authority on Wednesday approved covering $420,000 of the production costs for the hit reality series’ inaugural 2009 season.
Judge Nicholas Garaufis told prosecutors in Brooklyn that no more tax dollars should be spent on the case unless he gets a letter from Attorney General Eric Holder saying he still wants to seek death for Ronell Wilson. Otherwise, Wilson would automatically get a life term.
A bill co-sponsored by Republicans and Democrats would spread the $300 per employee tax increase over several years rather than require full payment starting in July. It would reduce this year’s tax increase to $130 per employee.
The tax package signed by President Obama in December includes a two-percent cut in payroll taxes. This reduction means the average American will get an extra $1,000 in take-home pay in 2011.