Tax Cheats: The Most Common Ways People Cheat On Their Taxes

Tax Cheats: The Most Common Ways People Cheat On Their Taxes

With a weak economy, this filing season has seen an astonishing increase in the amount of people cutting corners, attempting to collect the largest refund possible. In a recent article, CNN stated, “The IRS identified 335,341 tax returns claiming $1.9 billion in fraudulent refunds as of March 4, 2011, according to the findings of an audit conducted by the Treasury Inspector General for Tax Administration. Full story

Tax Free Friday: How to Spend Your Time Without Taxes Wisely

Tax Free Friday: How to Spend Your Time Without Taxes Wisely

April 15 is the unbudging, non-negotiable tax filing deadline – except for this year. In observance of Emancipation Day (Abraham Lincoln’s freeing of slaves in the District of Columbia) on April 15, 2011′s tax filing deadline has been moved to Monday, April 18. So yes, you could procrastinate and file sometime over that weekend – but why not use the time to your benefit? Consider all that you could instead do by finishing your taxes early. Full story

A Wave Of Corporate Tax Collections

A Wave Of Corporate Tax Collections

Since 1999, a number of states have generated unprecedented income from corporate income taxes. While 2009′s revenue increased over $13 billion from 1999′s revenue, 2007 saw the highest overall corporate tax collection of the last ten years–87.5% greater than 2009′s, to be exact. Here, we explore a decade of corporate tax collection–and see which states have managed to stay afloat, as well as which are generating less revenue than they were before. Full story