Jul 28 Watch Top-down or middle-out? Debating the key to economic growth By PBS News Hour What’s the best engine to drive the economy? More money for the rich, or better wages for the working class? Economics correspondent Paul Solman explores the debate between those two lines of thought with billionaire venture capitalist Nick Hanauer and… Continue watching
Jun 18 IRS will waive tax evasion penalties — if you can prove it was an accident By Stephen Ohlemacher, Associated Press WASHINGTON — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven't been paying their U.S. taxes. Continue reading
Jun 02 77,000 foreign banks share details on U.S. account holders in IRS crackdown By Stephen Ohlemacher, Associated Press Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world's financial giants, as well as many places where Americans have traditionally… Continue reading
May 05 Tough new IRS penalties set to target Russian banks By Stephen Ohlemacher, Associated Press Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but… Continue reading
Apr 15 What rates should we be paying on tax day? By Simone Pathe Fifty-two percent of Americans think their taxes are too high, but a similar majority think their taxes are fair. On this tax day, Making Sen$e revisits some of our favorite tax conversations to examine how much Americans of different income… Continue reading
Apr 14 Compare your pay after averaged taxes to other developed nations By Elizabeth Shell, Frank Bi Use our interactive to get an idea of how income and social safety-type taxes are factored into your paycheck, and how you’d fare if the U.S. had a wage tax structure similar to other developed nations. Continue reading
Apr 13 As cuts and new duties strain IRS, chance of audit relatively low By Associated Press As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in years. Continue reading
Apr 08 Senate Finance Committee holds hearing on tax return preparer regulations By Sam Weber More than 40 million taxpayers use tax preparers who do not have to meet any standard of competency in order to prepare taxes. Continue reading
Apr 05 Organization offers free tax help By PBS News Hour The Volunteer Income Tax Assistance Program is a nationwide organization of tax preparers available to help low-income taxpayers. Last year alone, VITA helped prepare almost one and a half million individual tax returns completely free of charge. Continue reading