Tax News

Tax Freedom Day Came Three Days Later in 2014 than 2013

May 19, 2014

Tax Freedom Day, the day when the nation has collectively earned enough to pay its total tax bill for the year. For 2014 this date passed on April… Read More

IRS Updates Dirty Dozen Tax Scams for 2014

March 18, 2014

Tax season is in full swing and that means it's prime time for criminals looking to take advantage of unsuspecting victims. Fraudulent tax schemes can take many different… Read More

Report: Health Care Law Fraud Likely Without IRS Changes

December 30, 2013

The official rollout of Obamacare is still a few weeks away but problems are already plaguing the new health care law. Reports of Americans losing their existing insurance… Read More

Government Shutdown to Delay 2014 Tax Filing Season

December 2, 2013

The federal government shutdown created problems for millions of Americans and it looks like it will continue to impact taxpayers into next year. The IRS has announced that… Read More

A Visual of Uncle Sam’s Progressing Addiction to Taxing & Spending

November 20, 2013

We recently completed an in-depth historical analysis of the United States tax collections and tax spending since 1940. The results of this analysis were alarming, to say the… Read More

IRS OKs Federal Tax Benefits for Married Same Sex Couples

September 11, 2013

In June 2013, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act, which denied federal recognition of married same-sex couples. The ruling effectively… Read More

IRS Audits Target Thousands of Adoptive Families

June 11, 2013

The Adoption Tax Credit was introduced in 1996 as a means of helping low and middle-income families offset some of the costs of the adoption process. While the… Read More

Proposed Airline Tax Could Make Travel More Expensive

June 4, 2013

Over the past decade, the airline industry has struggled to maintain its economic footing in the face of higher gas prices and an overall increase in operating costs.… Read More

How Does the Proposed Internet Sales Tax Affect You?

May 6, 2013

Shopping online is a convenient way to save on just about anything but great deals may soon be harder to come by. Congress is currently considering the passage… Read More

Obama Budget Plan Brings Higher Taxes for Rich, Middle Class

May 2, 2013

President Obama's proposed budget for 2014 is projected to boost revenues and reduce the federal budget deficit by $1.8 trillion over the next decade. The budget plan includes significant… Read More