taxes

Harvard Makes 11,000 Employees Pay Too Much In Taxes

Harvard Makes 11,000 Employees Pay Too Much In Taxes

How do you say 'ouch' in academic?

Harvard told 11,000 employees that the university had mistakenly over-reported and withheld a collective $20,000 in federal income taxes, up to $4,000 for some. Read More »

92-Year-Old Who Sold 'Suicide Kits' To Be Sentenced For Failing To File Taxes

92-Year-Old Who Sold 'Suicide Kits' To Be Sentenced For Failing To File Taxes

SAN DIEGO -- A 92-year-old woman who sold $40 kits for people to kill themselves faces sentencing in San Diego for failing to file federal tax returns. Sharlotte Hydorn faces a maximum term of one year in prison when she is sentenced Monday by U.S. Magistrate Judge Bernard Skomal. Read More »

Accountant: Tax Season's Hottest Job

Accountant: Tax Season's Hottest Job

This article originally appeared on OnlineDegrees.com By Maryalene LaPonsie Benjamin Franklin summed up two things that remain constant in life: Death and taxes. But while there's no way to avoid death, a skilled accountant can hunt for every legal deduction and credit available to lower your tax bill,... Read More »

9 Tax-Time Tips For Consultants And Contract Employees

9 Tax-Time Tips For Consultants And Contract Employees

By Justin Thompson Tax season is upon us, with less than two months to go until the April 17th deadline. Last year at this time I was a contract employee, and I remember the hassle of having to go through my taxes. I didn't know what I was getting myself into, but I did listen to my mother's sage advice... Read More »

Why Is Investment Income Taxed Less Than Wages?

Why Is Investment Income Taxed Less Than Wages?

By Stephen Ohlemacher WASHINGTON (AP) -- Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long treated investment more favorably than labor, seeing it... Read More »

All 2011 Unemployment Insurance Benefits Taxable

All 2011 Unemployment Insurance Benefits Taxable

By Carole Feldman The jobless rate is dipping, but millions of people are still out of work. And that could have implications when they file their income tax returns. Collecting unemployment insurance benefits? All that you received in 2011 is taxed as income. Unless you requested that federal taxes be... Read More »

Obama To Take Jobs Sales Pitch To North Carolina

Obama To Take Jobs Sales Pitch To North Carolina

WASHINGTON (AP) -- President Barack Obama is pitching his jobs plan in North Carolina, visiting a business that the White House says would benefit from the proposals he's been pressing Congress to pass right away. Read More »

Pope Under Fire From Jobless Spanish Youth

Pope Under Fire From Jobless Spanish Youth

When Pope Benedict XVI landed in Madrid on Thursday, the conversation focused more on the economy than the spirit. His visit is for the Catholic Church's World Youth Day, but it's taken on a weightier significance in a country with over 20 percent unemployment -- the highest in ailing Europe -- and with nearly... Read More »

Top 10 Work-Related Tax Write-Offs

Top 10 Work-Related Tax Write-Offs

Whether employee or business owner, most working adults are eligible to deduct at least some work-related expenses on their tax return. Been making coffee runs in your personal vehicle for the boss? Spending a lot of time doing your work out of a home office? Unemployed and putting money into resumes and... Read More »

Unemployment and Taxes: Do You Know What's Deductable?

Unemployment and Taxes: Do You Know What's Deductable?

The good news: if you were unemployed during 2010 you're probably eligible for additonal tax breaks and deductions when you file your taxes in April. The bad news: if you're like most people you have no idea what those tax breaks and deductions are, and could miss out on deductions or make mistakses, if you... Read More »

Tax Loophole Creates Limo  Town

Tax Loophole Creates Limo Town

It just might be easier to get a limo ride in the remote Indian town of Ludhiana than it is in New York City or Las Vegas. The village, with it's dusty streets and free-roaming animals, is bursting at the seams with limousines. So far nearly 400 drivers have set up shop because of a local law that exempts owners... Read More »

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