(CBS Sacramento)

State Goes After Man For Tax Bill From 1995

Did you pay your taxes in 1995? More importantly, can you prove it? That’s the problem facing a California man who insists he paid his taxes 17 years ago and is now being forced to prove it. [More]

(AJENT.MSG)

Tax Collectors Using The Power Of Peer Pressure To Get People To Pay Delinquent Taxes

Peer pressure can work wonders when it comes to convincing us to buy certain products, dress a certain way or even decide to start cooking kale even though we don’t totally get it. But taxation experts are hoping it will also do the trick to encourage people to pay up on their delinquent taxes. And maybe start wearing friendship bracelets to show how cool they are. [More]

(frankieleon)

Reminder: If You Filed A Tax Return Extension, You’ve Got Until 10/15 To File The Real Thing

It seems like it was just six months ago that everyone was freaking out, filing their last-minute tax returns, while you calmly filed an extension and said “I’ll deal with it in October.” Well, now the clock is ticking and folks who got extensions back in April now have until next Monday, Oct. 15, to file their actual returns. [More]

The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes

The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes

Once again, it’s time for the annual Institute for Policy Studies report on which top CEOs are earning more money than the companies they work for are paying out to federal government in taxes. [More]

Would You Turn Down Game Show Winnings Just Because Of The Taxes Involved?

Would You Turn Down Game Show Winnings Just Because Of The Taxes Involved?

All of your wildest dreams have come true, and there you are, on The Price Is Right, spinning that wheel, bidding your heart out and maybe, just maybe, winning it all in the Showcase. But with all that glory comes the cold hard tax facts — winners have to pay the government a portion of their haul, which can be a turnoff. One man who won the show last year held an “Ask Me Anything” thread on reddit (with his son’s help) and delved into the  cold hard reality of paying for playing. [More]

City Informs Man Via Mail That It's Not About To Let That $0.07 Tax Shortfall Slide

City Informs Man Via Mail That It's Not About To Let That $0.07 Tax Shortfall Slide

In times of economic insecurity, every last penny counts. And in one Michigan city, that’s true down to seven cents a resident didn’t pay in local taxes. The man said he received a four-paragraph letter from the city treasurer informing him that he was short that a few pennies on his summer taxes. [More]

Church Buys Foreclosed Property, Ends Up With $170,000 Tax Bill

Church Buys Foreclosed Property, Ends Up With $170,000 Tax Bill

Members of a Dallas-area church congregation thought they had done their due diligence when they looked into buying some foreclosed property. They were told that all the back taxes had been cleared off the books; so why are they now facing a tax bill for $170,000? [More]

Do Not Report Debit Card Holding Your Fraudulent $2 Million Tax Refund Stolen

Do Not Report Debit Card Holding Your Fraudulent $2 Million Tax Refund Stolen

Yes, it is tempting to lie about your income and taxes already paid on your tax return and collect a huge refund. It’s even more tempting to get that massive undeserved refund on a debit card. But that’s totally unusual, and would get the government’s attention, right? Not in Oregon, where a woman has been charged with filing fraudulent return using Turbotax, and spending the $2.1 million prepaid debit card holding her refund. [More]

Washington Residents Have More Booze-Buying Options, But Are Paying More For It

Washington Residents Have More Booze-Buying Options, But Are Paying More For It

Until now, buying liquor in Washington state had meant you needed to go to a state-operated store. But that monopoly has now ended after residents voted to open up liquor sales to a wide range of retailers. Unfortunately, this now means that some folks are now paying a lot more to get tipsy. [More]

Bioethicist: If We're Going To Tax Obese People More, We Should Tax Cat Owners Too

Bioethicist: If We're Going To Tax Obese People More, We Should Tax Cat Owners Too

A growing number of people believe that obese Americans should pay more in taxes than healthy folks since being overweight can put you at a higher risk for health problems. It’s similar to the logic used to justify additional taxes on cigarettes. But bioethicist Art Caplan asks: Why not tax cat owners more while we’re at it? [More]

Higher Cigarette Taxes Drove Smokers To Pipe Tobacco & Cigars

Higher Cigarette Taxes Drove Smokers To Pipe Tobacco & Cigars

Among the intended goals of higher taxes on cigarettes is that some smokers will quit rather than deal with the increased cost. While this may happen, newly released numbers show that taxing cigarettes also drove up the sales of forms of tobacco that are taxed at lower rates. [More]

Trimmed-Down IRS Staff Means Fewer Audits This Year

Trimmed-Down IRS Staff Means Fewer Audits This Year

We certainly don’t want to give comfort to tax cheats — and we’re not trying to imply that any of our beloved readers are anything less than honest when filing their tax returns — but for those who dread a random audit, there’s some good news: Budget and staff cuts at the IRS will likely mean fewer audits. [More]

Guard Against An IRS Underpayment Penalty

Guard Against An IRS Underpayment Penalty

If you pulled in more money than you’re used to making — especially if it came from untaxed work — you could be facing a higher-than-expected tax bill that will grow even higher due to a prepayment penalty of 3 or 4 percent if you owe more than $1,000. There’s not much you can do to avoid the penalty for your 2011 taxes, but you can take steps to avoid it next time. [More]

Why Is TurboTax Asking Me For A Donation?

Why Is TurboTax Asking Me For A Donation?

Well, that headline is a little disingenuous. We know exactly why. K. filed his federal return using the free e-file service through Intuit’s TurboTax. It nagged him to upgrade to the paid service here and there during the process, which you expect when using any free service. What he didn’t expect was a pop-up with Lisa the Friendly Accountant acting like a public radio host during pledge drive week. “Intuit is a multi-billion dollar corporation,” he pointed out in his e-mail to Consumerist. “I just found this a bit greedy.” [More]

White House Begins Public Push For Support Of "Buffett Rule"

White House Begins Public Push For Support Of "Buffett Rule"

On the same day that President Obama is scheduled to speak about the topic at Florida Atlantic University, the White House has released a report on the so-called “Buffett Rule,” the proposition that households earning more than $1 million a year should not pay less than their fair share of federal income taxes. [More]

Tax Nuances That Could Get You Audited

Tax Nuances That Could Get You Audited

By most accounts, Internal Revenue Service auditors aren’t much fun to meet with. Even if you’ve filed your taxes with impeccable precision, facing an audit can be nerve-wracking, so you’re best off making sure you aren’t tossing up any signs that draw attention to yourself. [More]

Do Not Confuse The Chase Bank ATM With Your Weird And Scary 'Checks'

Do Not Confuse The Chase Bank ATM With Your Weird And Scary 'Checks'

Tom and his wife got married last year (congratulations!) but still have separate checking accounts. Tom never had a problem depositing checks also made out to his wife in his Chase checking account, so he didn’t foresee any problems with depositing their joint $2,000 tax refund check in that same account. But this is The Consumerist, not Satisfied Chase Customers Weekly, so you can guess how that turned out. Now Tom and Mrs. Tom get to wait patiently and hope that the check doesn’t get lost in the mail on its way back to them. [More]

White House 'Tax Receipt' Shows Where Your Tax Dollars Are Being Spent

White House 'Tax Receipt' Shows Where Your Tax Dollars Are Being Spent

With only a few days to go before we’re all supposed to have filed out tax returns, the White House has launched an updated version of its interactive Tax Receipt to show people where their tax dollars are going. [More]