taxes

The Internal Revenue Service says the number of IRS-related phone scams is on the rise.

If A Caller Says, 'I Am With The IRS,' He's Not

11:57am April 03, 2015

by Marilyn Geewax

The IRS says if you are surprised to be getting a call from the agency, it's not them on the line. Don't fall for it! Scammers are trying to trick you into giving up personal information or cash.

Tax preparation software doesn't always calculate the complexity of Affordable Care Act subsidies and credits properly.

Affordable Care Act Makes This Tax Season Painful For Many

5:08pm March 26, 2015

by Michelle Andrews

Figuring out the penalty for not signing up for health insurance is just one complication. Tax filers who made more money last year than they anticipated may have to pay back some of their subsidy.

"Brewers in my district are about not only about the sort of art of brewing, they're about jobs," says Rep. Patrick McHenry, seen pouring a beer in his Capitol Hill office.

A Craft Beer Tax Battle Is Brewing On Capitol Hill

7:49am March 13, 2015

by Juana Summers

Craft beer is a rapidly growing industry, and Washington lawmakers have noticed. Two proposed bills would lower the federal excise tax for small brewers.

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Administration Grants Tax Time Reprieve For Obamacare Procrastinators

2:02pm February 20, 2015

by Phil Galewitz

There will be a special insurance enrollment period from March 15 to April 30 for people to use HealthCare.gov if they discover they owe a penalty for not having coverage when filling out their taxes.

President Obama, shown speaking at the University Of Kansas on Jan. 22, defends his budget as an exercise in "middle-class economics." But forecasters at the nonpartisan Tax Policy Center say the 60 percent of Americans at the middle of the income ladder

Obama's Budget Proposal Lifts 2013 Caps, Adds Billions In Spending

12:14pm February 02, 2015

by Scott Horsley

The president's $3.99 trillion proposal, released Monday, calls for more spending on domestic programs, infrastructure and defense — and includes tax hikes the new Congress is unlikely to approve.

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Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act.

Tax Preparers Get Ready To Be Bearers Of Bad News About Health Law

4:17pm January 24, 2015

With Affordable Care Act open enrollment ending Feb. 15, taxpayers could find themselves shut out of health insurance – and saddled with big fines – if they don't deal with taxes early this year.

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President Obama receives a standing ovation as he prepares to deliver his State of the Union address to a joint session of the U.S. Congress on Capitol Hill Tuesday.

'Tonight, We Turn The Page': Obama Lays Out 2015 Agenda

12:48am January 21, 2015

by Bill Chappell

"It has been, and still is, a hard time for many" Americans, President Obama said in Tuesday night's State of the Union address. "But tonight, we turn the page."

Tax Time Gets New Ritual: Proof Of Health Insurance

8:32am January 15, 2015

by Michelle Andrews

The health law requires people to report their coverage status at tax time. Those without insurance or those who received subsidies will have to fill out new forms.

London Mayor Boris Johnson Owes IRS Money, Won't Pay

10:42am November 21, 2014

by Krishnadev Calamur

Johnson holds dual U.S.-U.K. citizenship, but hasn't lived in the U.S. since he was 5. He told WAMU's Diane Rehm Show that he had been billed for capital gains on the sale of his first home.

Economy

Federal Gun Tax Benefits NC Wildlife Research

4:51am September 18, 2014

by Michael Burke

Wildlife research in North Carolina is benefiting from an increase in sales of guns and ammo in the past few years.

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