Reuters Money

The tax rate you should care about most

June 1, 2011

We talk a lot about tax rates here, and about whether they might go up in the future and for whom. But to think intelligently about tax policy — not to mention your own tax strategy — it pays to stop and ask: Which tax rate do you mean? And what tax rate matters most to you?

IRS sees staggering jump in identity theft cases

May 27, 2011

Identity theft fraud caught by the IRS has skyrocketed since 2008, the Government Accountability Office said in a report released this week.

Inheritance, taxes and portfolio rebalancing: How to get it right

May 16, 2011

There are rare opportunities to rebalance your portfolio without paying taxes. If you’ve inherited assets, you now exist in one of those rare times.

Do higher taxes encourage tax avoidance?

May 11, 2011

Nothing riles Americans quite like taxes: who pays what, whether the government needs to raise them or might slash them, and how much they’re eating away at our paychecks.

Tax season is over (phew). Now what?

April 28, 2011

Tax season is over, are you prepared for next year — and beyond?

I know, the last thing you want to think about now is taxes. Taxes, taxes, taxes, it’s really tiresome. But the truth is that tax planning in advance can save you more than any last-minute maneuvers. And some people are already beginning to think ahead to the uncertainty of tax rates after 2012.

“Tax Lady” Roni Deutch has problems of her own

April 25, 2011

Attorney Roni Deutch, known as the “Tax Lady” to people nationwide who saw her ads extolling her ability to get anyone out of a jam with the IRS, could be headed to jail.

Treat your rental property like a business

April 20, 2011

People talk inside an apartment during the inauguration of a new building owned by billionaire U.S. condo builder Jorge Perez, in downtown Miami October 4, 2007.  REUTERS/Carlos Barria

So you think you want to be a landlord, do you? Your second home is in the perfect vacation spot and the extra income will add a nice boost to your bottom line.

5 steps to make your property a hot rental

April 20, 2011

Beth Stiner holds her appraisal summary for her rental home as her husband Aaron Stiner works on his computer at their rented home in Phoenix, Arizona December 11, 2010.  REUTERS/Joshua Lott  If you have a second home that you’re considering renting out for extra income, there’s no time to waste. With summer vacation season just around the corner, now is the time to get it on the market and attract top dollar.

Dear IRS: Where is my tax refund?

April 15, 2011

A suitcase full of counterfeit money lies on the floor during a protest in Caracas August 15, 2007.  REUTERS/Edwin Montilva Whoo hoo! A refund. Speaking personally, this is the first time in about 10 years that I’ve qualified for a refund. I think it’s because I took this full-time job at Reuters and signed up to have big bucks deducted from my paycheck. And it’s because 2010 tax breaks passed retroactively actually lowered my total tax bill (and those of many others).

Taxes: How to file an extension

April 15, 2011

Denise Jameson wears a costume while carrying a sign to remind people passing on foot and in cars that it is income tax filing season outside a tax consulting business in San Francisco, California February 3, 2009. REUTERS/Robert Galbraith If you are one of those chronic procrastinators who has yet to close out the 2011 tax season, don’t waste time reading all of this. Just file an extension asap. If you think you’ll owe money, send a check along with it.