IRS

Many lawyers, tax professionals,  and financial planners around the USA are focused on the new tax laws, changes, adjustments, and rates. While the tax rates and estate taxes are presently  fair for most Americans, the estate taxes are set to rocket up in 2013 if changes do not occur.  This...

This weekend in Barron's online: a midyear updated on the markets, the likely effects of the Supreme Court's ruling on Obamacare, and the prospects for alternative ETFs and Time Warner. Cover Story "Caution: Sharp Turns Ahead" by Lauren R. Rublin. It is time for Barron's midyear update, which is...

Many parts of the United States had an unexpectedly mild winter and a rather warm, sunny and early, start to spring. This summer should prove to bring even more sunlight, both literally and figuratively, as a new regulation takes effect that aims to provide more transparency to the often...

JP Morgan reiterates its Overweight rating on Western Union (NYSE: WU) and raises its price target on the stock to $23 from $22 per share as it updates estimates for following a settlement with the IRS that will significantly reduce tax liability. JPM comments, "WU announced it has reached an...

The IRS reported this year that every tax filer will have to pay an extra $2,200 to recoup the money that tax cheats stole from the U.S. government. In 2010, the IRS estimates a total of $305 billion (yes, with a b) in tax money was not collected in 2010, primarily from wealthier Americans and...

When it comes to paying your income taxes, Uncle Sam has some pretty simple advice: "Don't be THAT guy". You know that guy -- the one who double dips in the salsa at the party, eats the last piece of cake, and then hits on your spouse? Yeah, that guy. Don't be him. To help you avoid being "that...

In the recent Associated Press-LifeGoesStrong.com poll of 1,160 baby boomers, 11% of participants stated they are strongly convinced that they can live comfortably upon retirement. Fifty five percent are somewhat or very certain that they can live comfortably while 44% have little or no faith that...

Jefferies has issued an update on Office Depot (NYSE: ODP) following an IRS ruling. According to Jefferies, "Office Depot said last night that it received an unfavorable tax ruling that will cause it to restate 2010 results, while adversely impacting anticipated operating cash flow in 2011. It...

Shares of Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) are rallying higher this morning by 7.27%, trading at $8.6, after the company announced that it had received its much awaited court ruling from the Internal Revenues Service. Vanda said that it has received a private letter ruling from the...

In business, bigger is usually better. However, in the case of craft brewer Boston Beer (NYSE: SAM) makers of the popular Sam Adams brand; this may not be the case. Its runaway success may lead to higher costs and loss of something great. It seems that Sam Adams has broken the coveted production...

Lehman Brother Holdings Inc. has filed a case against the US government for $110 million worth of tax refunds. The company has claimed to have paid this amount in taxes and penalties in 1999 and 2000. According to Reuters, tax refunds to a bankrupt company generally become part of the estate and...