Tax Center

News and Articles About Tax Center

The Half-Baked Plan for Pot Legalization
Finance

The Half-Baked Plan for Pot Legalization

Increasingly, marijuana is seen as a potentially big financial opportunity. But the tax man is making it a business buzz-kill.
Ray Hennessey
Bitcoin Companies Subpoenaed Over Regulatory Concerns
Technology

Bitcoin Companies Subpoenaed Over Regulatory Concerns

New York state financial regulators have issued subpoenas asking Bitcoin-related companies for information into whether safeguards are in place to prevent the virtual currency from being used in illegal activities such as money laundering.
Ray Hennessey
Why Exxon's Lower Profit is Bad for Taxpayers
Finance

Why Exxon's Lower Profit is Bad for Taxpayers

While some lawmakers are quick to join in the chorus of complaints about 'Big Oil', it's companies like Exxon that send the bags of cash to Washington for Congress to squander, writes Ray Hennessey.
Ray Hennessey
Buying Up Powerball Tickets? Remember the Lottery is a Tax
Finance

Buying Up Powerball Tickets? Remember the Lottery is a Tax

There is a load of hoopla over the latest Powerball jackpot, now up to $235 million. But from a business standpoint, these kinds of lottery awards can be nothing but trouble.
Ray Hennessey
Obamacare Delay Estimated to Cost U.S. $12 Billion
Growth Strategies

Obamacare Delay Estimated to Cost U.S. $12 Billion

The Congressional Budget Office estimates the increased cost of giving large employers an additional year before they are hit with fines.
Catherine Clifford
OPINION: For Employers, Obamacare Penalties Abound
Finance

OPINION: For Employers, Obamacare Penalties Abound

When it comes to the increased trend of adding part-time jobs under Obamacare, what looks like a 'win-win' is actually a 'lose-lose' for businesses.
Ray Hennessey
How Big Businesses Slash Taxes With R&D Credit -- and How Yours Can, Too
Finance

How Big Businesses Slash Taxes With R&D Credit -- and How Yours Can, Too

A look at how small businesses can take advantage of the research and development tax credit to cut their taxes and improve their bottom lines.
Dean Zerbe
Signs That You Are About to Get Audited (Infographic)
Finance

Signs That You Are About to Get Audited (Infographic)

Here's a look at your odds of being audited. And how you can tell if you might be next.
Kathleen Davis
The Internet Sales-Tax Bill Takes a Step Forward
Finance

The Internet Sales-Tax Bill Takes a Step Forward

A bill which would end tax-free online shopping moves on to the House of Representatives, where it is likely to be met with resistance from anti-tax Republicans.
Catherine Clifford
The Internet Sales-Tax Showdown and Your Bottom Line
Finance

The Internet Sales-Tax Showdown and Your Bottom Line

The Senate is expected to vote on the Marketplace Fairness Act of 2013 this week. If passed, online retailers would have to collect sales tax in all states, even if they don't have a physical footprint in the state.
Catherine Clifford
As Tax Reform Stalls, Small-Business Owners Spend Up To 150 Hours on Their Taxes
Finance

As Tax Reform Stalls, Small-Business Owners Spend Up To 150 Hours on Their Taxes

A new taxation survey finds that the administrative burdens of paying taxes are more significant than the financial burdens. Here are a few tips on how to keep the time devoted to your taxes to a minimum.
Catherine Clifford
How to Buy More Time on Your Taxes With an Extension
Finance

How to Buy More Time on Your Taxes With an Extension

Don't feel pressured to file by April 15. If you're scrambling to get your taxes done this weekend, you might be better off filing for an extension. Here's how to do it the right way.
Mark J. Kohler
Simple Strategies for Last-Minute Tax Filers
Finance

Simple Strategies for Last-Minute Tax Filers

You have one week left to get your taxes done, but that doesn't mean you have to scramble. Here are some simple strategies to make the process go smoothly.
5 Questions to Ask Before Filing Your Taxes
Finance

5 Questions to Ask Before Filing Your Taxes

Don't file your taxes just yet. You could save yourself more money by answering these five simple questions.
Mark J. Kohler