Reuters Money

Tax trends: What Google searches tell us

April 15, 2011

A Google search page is seen through the spectacles of a computer user in Leicester, central England July 20, 2007. REUTERS/Darren Staples It’s the final stretch of tax season for most taxpayers. One way to gauge what is on the minds of filers this year is to look at the world’s virtual watercooler: Google. Here are five noteworthy tax-related search trends.

Considering divorce? File your taxes like you’re already single

April 14, 2011

The following is a guest post from Nancy R. Mandell. She is the former Managing Editor of Wealth Manager and OnWallStreet magazines, as well as the newsletter Securities Week. For the past decade, she has specialized in stories concerning women in finance and women’s relationship to money and investing. The opinions expressed are her own.

Tax problems? The art of negotiating with the IRS

April 13, 2011

A woman looks over tax papers in this file photo. REUTERS/Jillian KitchenerWhether it’s the NFL player who forgot to mail in his tax return or the person who exercised his stock options and triggered a huge tax bill, negotiator Jim Camp has seen a lot of people get into sticky situations with the Internal Revenue Service.

Think tax time is bad? Try doing estimated taxes

April 13, 2011

A woman files her taxes online. REUTERS/Jillian KitchenerIf you’ve recently become an entrepreneur, consultant or self-employed person: Welcome to the world of quarterly taxes. While tax day stories typically focus on getting through last year’s filings, even harder, for the surging number of people affected, is figuring out what to pay for the first quarter, due at the same time.

Budget wars: The middle class loses big time

April 8, 2011

President Barack Obama talks about the budget in the White House press briefing room in Washington, April 5, 2011.   REUTERS/Larry Downing Now that federal government shutdown has been averted, it’s a good time to examine what’s at stake for most of America in the crucial next round of budget talks.

10 mistakes to avoid at tax time

April 6, 2011

A tax form is pictured on tax deadline day at the main Post Office in New York April 15, 2009.  REUTERS/Chip EastIt’s the simplest things that can trip you up at tax time, like not getting money into your account or forgetting to sign your return. But this year, with so many tax changes, there are even more minefields.

IRS commissioner: My taxes are done. Where are yours?

April 6, 2011

Commissioner of Internal Revenue Doug Shulman speaks to Reuters during an interview at his office in Washington, October 8, 2009. REUTERS/Hyungwon Kang   A threatened government shutdown won’t stop Internal Revenue Service commissioner Douglas Shulman from filing his own taxes on time; they’re already done. “I make sure it gets done on time,” he told Reuters. “I just have to look it over.” He said that taxpayers should follow that example and not expect to get any extra filing time if there is a temporary federal work stoppage.

The best tax deductions for job seekers

April 6, 2011

Job seekers attend a career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/Mike Segarby Jennifer Merritt

Finding a new job can be expensive — particularly for professionals who spend money on pricey career coaches, resume experts and, increasingly, travel to interviews. But some 73 percent of professionals say they plan to ramp up their job hunt as the economy gains steam, a recent survey from job-and-career website survey found.

5 ways to avoid a tax audit

April 5, 2011

Holding a tax rebate letter from the Internal Revenue Service, U.S. President George W. Bush speaks about the economy during a visit to a small business in Sterling, Virginia March 26, 2006.   REUTERS/Kevin LamarqueDon’t stay up at night worrying about having your taxes audited, or imagining horrible interrogation scenarios with tax agents and windowless rooms. Fewer than one percent of returns are ever examined, and the vast majority of those are done through the mail and not in person. More reassuringly, more than one in 10 of those audits result in “no change” in the amount the taxpayer owes.

8 crucial tips for last-minute tax filers

April 4, 2011

A car passes a sign advertising tax return services in Falls Church, Virginia April 8, 2010.   REUTERS/Kevin LamarqueThere’s just two weeks to go till tax time, and Bill Fleming, managing director in the personal financial services division of PricewaterhouseCoopers, has been cranking hard on his clients’ returns, but has yet to start the one he’ll file for himself and his wife. “I know all about procrastination,” he laughs.