Gov. Jay Nixon enacted a law Friday that immediately reinstates local vehicle taxes for numerous cities and counties that have been unable to tax cars, trucks and boats since a state Supreme Court ruling more than a year ago.
Gov. Nixon pressed his objections to what he called a “risky, untested scheme” that would reduce the state’s income tax rate.
It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for taxpayers.
It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam.
If you’re preparing your own taxes you should definitely do what the professionals do: use tax preparation software.