Tax News

Gov. Sonny Perdue has signed legislation that would increase dozens of Georgia user fees and slap a new tax on hospitals to help balance the state's struggling budget.  ...Read More

In his final year in office, Gov. Sonny Perdue finally was able to fulfill one of his major campaign promises Wednesday when he signed legislation eliminating retirement state income taxes on middle-income and wealthy retirees  ...Read More

Professional number-crunchers are acutely aware of missteps, loopholes, and boondoggles that cost the federal government literally hundreds of billions each year—bits of misguided or poorly executed policy of which most Americans never know the impact.  ...Read More

Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem.  ...Read More

April 15 can be a day of fear, loathing or even downright panic – and that can work to great advantage for companies anxious to separate people from their money. While confused consumers are profitable consumers, frightened consumers are a gold mine.  ...Read More

The IRS is stepping up its audit game. It's focusing on returns of the wealthy and the self-employed, where it hopes to find larger amounts of hidden cash. And, according to some reports, it is trolling websites like Google maps and Facebook in an effort to find tax cheats.  ...Read More

Did you know you can legally take a deduction that is more than the total of your receipts? It's called the standard deduction and for a lot of taxpayers it's a money and time saver. (Warning, this article is correct, but check how your state tax is affected. Some states have such low standard deduction amounts that you will still be ahead by itemizing)  ...Read More

If it seems like tax laws are changing every time you time around, it's not your imagination. Over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. Trying to make sense of it all can be overwhelming. To help you out, here's a rundown of 13 changes that may impact your 2009 taxes.  ...Read More

Uncle Sam is offering a nice deal for investors who want to switch traditional Individual Retirement Accounts into tax-free Roth IRAs.  ...Read More

The IRS plans to require tax preparers to pass a test and register with the government to better police a largely unregulated industry used by most taxpayers.  ...Read More