Hoping to win the Powerball? You know your winnings will be subject to federal tax. But which state and local authorities also want a piece?
Read MoreDay: January 7, 2016
Fashion Designer Karl Lagerfeld Said To Be Facing Accusations Of Tax Evasion
Fashion designer Karl Lagerfeld is reportedly being investigated on allegations of tax evasion in France.
Read MoreIRS Drops Proposal To Collect Social Security Numbers From Charitable Donors
The Internal Revenue Service (IRS) dropped a controversial proposal which would increase the amount of paperwork and personally identifying information provided to charitable organizations from donors seeking a tax deduction.
Read MoreIRS Announces Extended Due Date For Mississippi Storm Victims, Others May Be Added
The Internal Revenue Service (IRS) has announced that victims of December’s violent storms in Mississippi will have extra time to file their 2015 tax returns and pay any tax due.
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