Tag Archives: IRS

This Is Not a Post About Jessica Alba

April 15th has come and gone, but taxes are still very much in the news these days. The passage of a new $3.5 trillion budget (and the projected $1.75 trillion deficit) has a lot of people talking about the taxes we’ll need to pay all of this money back.  In that vein, I was checking [...]

Haven’t Filed Your Taxes Yet? Here’s What You Need To Know

If you haven’t filed your tax returns yet, you’re not alone. The IRS is expecting to receive 20 million returns this week, which means about 16% of Americans put it off until the last minute. It’s not too late to file on time, but the midnight deadline is definitely approaching. If you owe the government [...]

Uncle Sam Giveth New Auto Tax Breaks, Taketh Old Auto CEOs

As you already probably know, General Motors CEO Rick Wagoner has been asked to step down by the White House after 32 years with the company. As the AP notes: Wagoner isn’t the first CEO to lose his job as part of a government bailout. The CEOs of mortgage giants Fannie Mae and Freddie Mac [...]

Explaining the Obama Nominees’ Tax Reporting Woes

With tax season approaching, and a tax code that’s more complicated than ever, there are many Americans who are confused about just what Tim Geithner, Tom Daschle, and Nancy Killefer did to get themselves into trouble.