Taxes

IRS Watchdog: High-Income Filers Skipping Taxes

(CNN) - A government watchdog says the IRS failed to go after hundreds of thousands of high-income individuals who didn't pay their taxes. That's according to Bloomberg news, citing a report by the Treasury Inspector General for Tax Administration.…

California Abandons Plan To Tax Texts

San Francisco, CA (KGO) - California is dropping a plan to tax text messages. State regulators say a new FCC ruling is preventing them from imposing a tax on text plans. The state hoped to add new monthly fees…

Charlie Sheen Reportedly Owes $5 Million in Back Taxes

(CNN) -Online entertainment publication 'The Blast' reports former "Two and a Half Men" actor Charlie Sheen owes almost $5-million in back taxes. The publication said it obtained court documents on Sheen showing unpaid taxes from 2015. 'The Blast' reports that…

Online Purchase Sales Tax Fight Heads to SCOTUS

(CNN) - The debate about paying sales tax on online purchases is heading to the U.S. Supreme Court. Big retailers like Amazon and Walmart collect sales tax on all online sales in the 45 states with a statewide sales tax.…

Tax Apps

Tech guru PC Mike Wendland looks at popular tax apps.

Tax Return Filing Season Begins

(CNN) - It's that time again... Tax filing season is here! Beginning today, the Internal Revenue Service will begin accepting 2017 returns. This year the deadline to file is April 17th. You have two extra days. April 15 falls on…

Consumer Watch: Start Filing Taxes

(CNN) - It's hard to believe it's almost the IRS' favorite time of the year. Tax time. It's time to start preparing those W-2's. The IRS will start accepting 2017 federal income tax returns on Monday, January 29th. But if…

Trump Open to Raising Gas Tax

(CNN) - President Trump says he's open to raising taxes on gasoline to pay for his infrastructure spending plan. He told Bloomberg news Monday that he would consider raising the federal gas tax if the money went towards the highways,…

IRS to Use Debt Collection Firms for Unpaid Taxes

(CNN) - Tax payers with long overdue federal tax payments will soon have to answer to private debt collectors. The IRS said Tuesday it will begin sending out letters this month to affected taxpayers. With this new process, the IRS…