More Americans believe the Trump Administration will hike their taxes rather than cut them, according to a new poll. The CBS News survey found 38 percent believe the president will raise their taxes, 25 percent believe he will lower them and 33 percent think their tax bills won't change. The tax increase belief was strongest among poll participants who made less than $100,000. The telephone poll, conducted between April 21-24 by SSRS of Media, Pennsylvania, was released by CBS News on Wednesday, April 26, the same day that the White House revealed its latest tax reform plan. That tax plan,... Read more →


An autographed photo of San Antonio Spurs point guard Tony Parker and the NBA team's head coach Gregg Popovich from Daniel Lewis' autograph collection. Another Coach Pop signature on a restaurant receipt with a really, really big tip is now getting attention. Gregg Popovich is in the midst of going for his sixth NBA championship as a head coach, but he's already the champ to one Memphis, Tennessee, restaurant employee. Pop, as the coach of the San Antonio Spurs is known, apparently left an almost 613 percent tip after a visit April 21 to McEwen's on Monroe. The dollar amount... Read more →


Since Rep. Jason Chaffetz announced on April 19 that he won't seek reelection in 2018 and then the next day suggested he may even leave before his term ends, there has been much speculation as to what this might mean for additional Congressional investigation into possible questionable ties between the Trump Administration and Russia. Chaffetz is, after all, chairman of the House Oversight and Government Reform Committee, which is one of the Capitol Hill panels with jurisdiction over the international conflict of interest questions. To many, Chaffetz, a Utah Republican, seemed reticent to dive into such inquiries, although today he... Read more →


At midnight on Donald J. Trump's 99th day in the Oval Office, the federal government could shut down. That would be a public relations disaster for the 45th president, who's struggling to show that he and his administration can get things done as he promised in his 100-day contract with voters. "Saw this at my school's accounting career fair," wrote LittleNuclearReactor in a Reddit post during the last government shutdown Oct. 1-16, 2013. But it could be a bigger disaster for folks waiting on their federal tax refunds. Millions left waiting for tax cash: The Center for American Progress (CAP)... Read more →


Happy Tax Freedom Day! Today is the day, according to Tax Foundation calculations, when the nation as a whole has earned enough money to pay its total tax bill for the year. via Giphy.com Critics of the tax-related designation, most notably the Center on the Budget and Policy Priorities, argue that Tax Freedom Day's average tax rate across the United States is misleading and doesn't accurately reflect typical U.S. households' tax burdens. In answer to those concerns, the Tax Foundation acknowledges that its estimates reflect the average tax burden for the overall economy, rather than for specific subgroups of taxpayers.... Read more →


Happy Earth Day 2017! Maybe you're spending this Saturday simply out enjoying the beauty of Mother Earth. Or perhaps you're participating in the March for Science (the main event in D.C. or satellite marches across the country) to support scientific efforts, including the study of climatology and climate change. Regardless of how you acknowledge Earth Day, thank you for thinking of our planet. In recognition of your commitment to protect and preserve the only place we humans and other creatures have (so far) to live, here are 7 tax saving options that reward energy and environmentally friendly efforts. Let's start... Read more →


When the clock ticked past midnight today (Saturday, April 22), Texans welcomed their first sales tax holiday of 2017. During the three-day event, which runs until midnight Monday, April 24, no state or local sales tax will be collected on certain emergency preparation supplies. Portable generators like this sure come in handy when natural disasters disrupt regular power sources. Tax-free purchases these next three days include: batteries, fuel containers and flashlights priced at less than $75; hurricane shutters and emergency ladders priced at less than $300; and portable generators priced at less than $3,000. There's no limit on the number... Read more →


Is that really the Internal Revenue Service knock, knock, knocking on your door? That's a concern shared not just by individuals who find people claiming to be with the federal tax collector's office, but also the IRS itself. "Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email," noted the IRS in a statement issued this week. In-person tax scams: While email phishing attempts and the still pervasive fake IRS agent telephone tax scam are still going strong — and could even see a surge as the cons are tweaked to incorporate the... Read more →


Some folks didn't file their federal taxes on April 18. Judging from social media, much of the deadline busting was the fault of cats. "Can't claim my cats as dependents? Well I can't file then," Tweeted @deedles420. Sorry, Dee, but while a dependent doesn't have to be a blood relative, your fur babies don't pass tax muster. Dee was not alone. The Twitter hashtag #ExcusesForNotFilingTaxes underscored the internet's reputation as cat loving and apparently tax hating. "Still waiting for cats' social security numbers," Tweeted @growingupZee. Good point, Zee, since those nine official digits from the Social Security Administration are key... Read more →


Tax Day 2017 is over. That means Uncle Sam has the bulk of his take from our 2016 earnings, thanks to tax bills paid on April 18 with return filings and extensions. Now what's he going to do with our money? Steve Ballmer at World Mobile Congress in 2010 talking about the Windows phone when he was still heading Microsoft. (Photo by Aanjhan Ranganathan via Flickr CC) Steve Ballmer, former Microsoft CEO and current owner of the NBA's Los Angeles Clippers, has the answer to that eternal taxpayer question. Well, not Ballmer himself, but rather his newly launched government financial... Read more →


The U.S. Postal Service has evolved since the days when Texas Panhandle residents depended on mule mail. That's a good thing, since millions of taxpayers still insist on using today's postal system to send their annual tax returns to the Internal Revenue Service. (Photo courtesy of Traces of Texas via Facebook) The 2017 tax filing season has been unusually slow. Through April 7, the Internal Revenue Service reports it had received 3.6 percent fewer tax returns than during the same time period last year. The decrease in filings extends even to electronic returns, an area that in recent years had... Read more →


You've got until midnight your time to get your 2016 tax return to the Internal Revenue Service, either by hitting "send" on your computer or getting your paper form to a Post Office where it can be postmarked today. Or, if it becomes clear that you're just not going to finish that 1040, and the IRS expect around 13 million of us to arrive at that realization sometime today, it's then time to turn to another IRS form: the 4868. Form 4868, otherwise known as the procrastinating taxpayer's best friend, will get you six more months to complete your tax... Read more →


Remember those frantic times when your classroom assignment was due and you were running out of time to finish it? Millions of U.S. taxpayers are flashing back to those school days as they scramble to complete their 2016 tax returns by tomorrow, April 18. We all face deadlines. And at some point, we all procrastinate. If that's you now as the April 18 tax filing deadline looms, don't panic. You've still got time to do the tax job right. But the tax stakes are definitely higher than that what you faced with that looming senior essay you put off too... Read more →


Around 25,000 people gathered on the U.S. Capitol grounds Saturday, April 15, as part of a nationwide Tax March demanding the president release his tax returns. (Photo courtesy Trump Tax March via Twitter) Donald J. Trump fell back on his "I'm president and you're not" argument in rebuttal to the tens of thousands who marched Saturday, April 15, to demand the president release his federal returns. The morning after the gatherings in almost every state, @realDonaldTrump Tweeted, "Someone should look into who paid for the small organized rallies yesterday. The election is over!" Trump had said during the campaign that... Read more →


If you've waited until now to finish your taxes (or are going to delay until the very last minute on April 18), then your best filing, and paying if you owe, bet is to go electronic. As the Internal Revenue Service has been saying for years, filing and paying your taxes is easier and more accurate than going the old fashioned paper route. In case you haven't made your e-filing and, if needed, e-payment choices yet, here are your options. E-filing choices: Tax e-filing actually covers two things, using software to prepare your 1040 and associated schedules and forms and... Read more →


Every journalist, regardless of his or her beat, follows a time-honored template in crafting stories. Each article should tell readers the who, what, when, where, why and how of the selected topic. Answers to those six questions are perfect for detailing the intricacies of estimated taxes. The first estimated tax payment for the current tax year is due every April on the same day that our annual tax returns must be filed. Yep, that means next Tuesday, April 18. With that tax double due date looming for some, here are the answers to the 5 Ws and 1 H of... Read more →


People who live in storm ravaged areas of Georgia, Louisiana and Mississippi have enough to worry about, so the Internal Revenue Service says they don't have to worry about filing their taxes next Tuesday. Neither do U.S. military personnel who are in combat zones. A Federal Emergency Management Agency (FEMA) worker assesses damage in Georgia from late January 2017 storms and tornadoes. (Photo courtesy FEMA Facebook) Major natural disaster victims: Taxpayers in several areas deemed major disasters — the IRS keeps a running list of tax-affected disaster areas —qualify for more time to file their tax returns and pay any... Read more →