tax changes

  • Yahoo Finance Live: Your year-end money questions answered

    Our panel of experts is here to answer your money questions! Jean Chatzky, Alicia Jegede, and Avani Ramnani are here to help get your finances in shape for 2019. If you have questions, email us at moneyquestions@yahoo.com

  • Now You Can Pay Your Taxes While Buying a Slurpee

    You can now pay your taxes in cash at your local 7-Eleven store, thanks to new technology at the IRS. “We continue to look for new ways to provide services for our taxpayers,” said IRS Commissioner John Koskinen in a statement. Taxpayers who want to pay in cash should visit the IRS payment website and select the cash option.

  • Airbnb hosts in San Francisco will have to pay taxes on dishes and bedsheets

    Property owners who rent their apartments on Airbnb and other services in San Francisco have...

  • US Taxpayers Paid Millions for Shoddy, Unsafe Buildings in Afghanistan

    Congress has appropriated about $110 billion for U.S. reconstruction projects in Afghanistan. The majority of the funding -- about $69 billion, or 62 percent -- has been funneled through the Department of Defense, and the agency has spent about $55 billion as of September 2015. Many questions remain about just what the U.S. has received in exchange for those billions, and a new analysis of reconstruction spending in Afghanistan does little to quiet critics of the effort.

  • The IRS Warns of a New Tax-Season Scam

    Every year the IRS and consumer advocates warn taxpayers to be wary of scammers calling and pretending to be from the IRS in order to gain access to personal information. This year, fraudsters have a new tactic: They’re claiming that they have a taxpayer’s return and need to verify a few details — like a social security number or credit card information — in order to process it. “These schemes continue to adapt and evolve in an attempt to catch people off guard just as they are preparing their tax return,” IRS Commissioner John Koskinen Said in a statement.

  • How a Special IRS Security Tool Led to More Taxpayer Rip-offs

    The Internal Revenue Service is suspending an online service to retrieve special personal identification numbers (PINs) after it found 800 fraudulent returns that used such numbers. The IRS this year mailed Identity Protection PINs to 2.7 million taxpayers who have been or could be victims of tax-related identity theft. Taxpayers who lost or forgot their IP PINs could retrieve them on the IRS website after correctly answering four questions from Equifax, the credit reporting agency, to prove their identity.

  • 7 Birthdays That Can Change Your Tax Returns

    These ages can triggers several rules in the federal tax code. 

  • Google accounts show 11 bln euros moved via low tax 'Dutch sandwich' in 2014

    AMSTERDAM/LONDON, Feb 19 (Reuters) - Google moved 10.7 billion euros ($12 billion) through the Netherlands to Bermuda in 2014, as part of a structure which allows it to earn most of its foreign income tax free. Accounts for Google Netherlands Holdings BV published on Thursday show the unit transferred almost all its revenue, mainly royalties from an Irish affiliate through which most non-U.S. revenue is channelled, to a Bermuda-based, Irish-registered affiliate called Google Ireland Holdings. The tax strategy is known to accountants as the "double Irish, Dutch Sandwich'.

  • 5 Ways a Hillary Clinton Presidency Could Affect Your Money

    Hillary Clinton is probably one of the most recognizable people on the U.S. political scene who hasn't been president. Voters have a lot to think about over the next several weeks (and, potentially, months), not least of which is how a Clinton presidency could affect their financial well-being. Here are a few of the shifts you might feel if Clinton is in charge.

  • Why the IRS Should Push Tax Day to June 15

    The only way to stop tax refund fraud is to change the way the tax filing and refund system works.

  • Study Challenges Clinton’s Tax Plan for $1 Trillion in New Spending

    Hillary Rodham Clinton’s fiscal policies are premised on a commitment to roughly $1 trillion of new spending programs, tax breaks for the middle class and a “Buffet Rule” style surtax imposed on the wealthiest Americans. Like many of her Democratic and Republican rivals in the 2016 presidential campaign, the former Secretary of State’s budget and tax proposals are still a work in progress. In contrast to Sen. Bernie Sanders’ call for as much as $18 trillion of new spending over the coming decade for a raft of domestic programs financed through steep tax hikes on upper-income Americans, Clinton has been selling her approach as pragmatic and fully paid for down the road.

  • Bernie Sanders: ‘We Will Raise Taxes. Yes, We Will’

    One of the biggest issues dogging self-described Democratic Socialist Bernie Sanders, the chief rival to Democratic frontrunner Hillary Clinton has been questions about how he will fund the various programs he is promising to create for the American people, including “Medicare for All” and tuition free college. Moderator Chris Cuomo interrupted at one point. “That is an unfair criticism for the following reason,” Sanders said.

  • Your 2016 Tax Fact Sheet and Calendar

    It’s not hard to find tax information on the Internet–when quarterly taxes are due, 401(k) contribution limits, and so forth. But in the interest of saving you a few clicks, we’ve amalgamated all of 2016’s important tax facts and dates in a single spot.

  • Tim Cook calls notion of Apple avoiding U.S. taxes 'political crap'

    SAN FRANCISCO/BENGALURU (Reuters) - Apple Inc Chief Executive Tim Cook dismissed as "total political crap" the notion that the tech giant was avoiding taxes. Cook's remarks, made on CBS' 60 Minutes show, come amid a debate in the United States over corporations avoiding taxes through techniques such as so-called inversion deals, where a company redomiciles its tax base to another country. Apple saves billions of dollars in taxes through subsidiaries in Ireland, where it declares much of its overseas profit.

  • How Ryan’s Big Tax Deal Could Lead to Major Reform

    As word spread Wednesday about the details of a major bipartisan agreement on tax breaks, some lawmakers touted the deal as the next step toward comprehensive tax reform – a goal that lawmakers, including House Speaker Paul Ryan, have been chasing for years. The bill makes permanent a number of tax breaks – from business research costs to an expansion of the Earned Income Tax Credit and Child Tax Credit – that have been renewed on an annual or biannual basis for years, sometimes at the last minute. Related:  Why Is Congress Giving Away $500 Billion in Unfunded Tax Breaks?

  • The IRS Won't Tax Corinthian Students' Forgiven Loans… But What About Everyone Else?

    The government should consider foregoing taxes on all students' forgiven loans, not just for Corinthian College students.

  • Tax-Loss Harvesting: What the Heck Is That?

    You can reduce your tax bill by selling stocks or assets that have lost value. Here are the basics you need to know to use tax-loss harvesting wisely.

  • Congress Prepares Huge Tax-Break Giveaways for 2015

    With the holiday season upon us, Congress and the White House are once again engaging in the ritual of parceling out tens of billions of dollars in tax breaks and other goodies to just about every conceivable interest group – from well-heeled corporate executives and film producers to rum makers, horse breeders and just plain Americans looking for a tax break or two. Instead, lawmakers and the administration will be wrestling with decisions on the fate of 55 or so highly obscure but often extraordinarily costly tax breaks that lapsed at the end of 2014 and must be reauthorized retroactively for the 2015 tax year. GOP House and Senate leaders will make a big push soon to try to work out a two-year compromise with the White House before the Christmas recess.

  • 8 States Making Tax Changes: Some Painful, Some Pleasant

    California Gov. Jerry Brown a speaks during a rally in support of Proposition 30. Proposition 30 is raising sales tax and increasing income tax to provide funding to California's K-12 schools, state universities, community colleges and Police

  • Tax Law Changes You Need to Know About for 2013

    By Bonnie Lee Happy New Year! I don't know what you did on New Year's Eve, but we all know what Congress did: they finally hammered down some tax legislation for 2013 and beyond. These last-minutes decisions put the IRS behind when it

  • IRS To-Dos Before You Say 'I Do'

    Planning a wedding takes a huge amount of effort. But as much as you may not want to add one more thing to your to-do list, you really need to get a handle on how getting married will affect your relationship with Uncle Sam and the IRS. In many

  • Five Changes That Could Affect Your 2010 Tax Bill

    There's a lot you can be doing now to reduce the taxes you pay next year, based on tax changes for 2011. But did you know it's not too late to reduce the taxes you pay this year, when you file your 2010 return? Here are five changes

  • IRS to reduce mileage deduction for 2010: will you owe more?

    The IRS made an announcement this month that is a matter of pennies but could significantly affect some taxpayers' 2010 amount owed; by reducing the allowance for mileage deductions. Claiming the mileage traveled for business is, after