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How Cuts to State Taxes Could Hit Voters in the Wallet

Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these... read more »

California City Hit With $2 Million 'Parking Ticket'

Faced with the prospect of becoming the biggest municipal bankruptcy in U.S. history, Stockton, Calif., decided on a novel gambit: They just... read more »

Your Taxes Are Due!

Unless you've filed for an extension, today is the last day to get your taxes turned in to the IRS. It also happens to be Tax Freedom Day, when... read more »

Certain life events can impact your tax filing status and amount of refund. We have all the information you need to make the correct decisions.

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Tax News

Investors Need to Get Specific with Brokers to Avoid Big Tax Bills

By Dan Caplinger

| 12:25PM 4/12/2012

Thanks to a new law, the IRS is getting help from brokers to catch tax cheats. But the result could leave you paying more taxes than you need to on your investments. Here's what you need to know about the best cost basis method, and how it can help you avoid a bigger IRS bill.

The Buffett Rule: Tax Reform Plan Is a Perfect Fit for Obama 2012

By John Grgurich, The Motley Fool

| 8:50AM 4/12/2012

President Obama is making the Buffett Rule -- a minimum tax on millionaires who get off easy under the current tax code -- one of the centerpiece of his re-election campaign. Here's what adoption of the tax might mean for all of us.

Tax Deadline Day Can Be a Little Extra Deadly on the Road

By The Associated Press

| 4:46PM 4/11/2012

The two certainties in life -- death and taxes -- are more intertwined than you'd expect. A study has found that deadly auto accidents increase on Tax Day. Drivers recklessly racing to the post office might be a reason, or it could be that stressing over taxes distracts motorists.

Tax Tips for Procrastinators: The Top 8 Last-Minute Filing Blunders

By Barbara Thau

| 4:45PM 4/11/2012

In their mad dash toward the Form 1040 finish line, late taxpayers often make costly errors. If you're among those last-minute tax filers, first, take a breath. Then take note of these common filing mistakes to avoid.

The Worst Way to Pay Your Taxes: Put Them on a Credit Card

By Dan Caplinger

| 3:10PM 4/10/2012

If you're one of the many taxpayers who owes the IRS a chunk of cash this month, you'll want to steer clear of one increasingly popular way to pay that tax bill: using your credit card.

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TurboTax Articles

What Is IRS Form W9?

Anytime you hire someone, or engage in a business relationship with an independent contractor, you must generate an IRS form W-9, Request for Taxpayer Identification Number and Certification.