The Daily Deduction

Weekly Tax Inventory - 04/19/2013

IRS Announces tax extension for Boston – USA Today

Taxpayers affected by the Boston Marathon bombing will get a three-month tax filing extension, the IRS announced Wednesday.

Seeking simplicity in the tax code – The Washington Post

t this time of year, when most Americans have just filed their returns, exasperation with the income tax system reaches a peak. Hardly anyone denies that it is a complex mess. In 2010, calculating their taxes cost Americans $168 billion, estimates the Taxpayer Advocate Service of the Internal Revenue Service.

Lauryn Hill asks for leniency in sentencing for tax evasion – citing “Threats to herself and family” – Entertainment Weekly

After pleading guilty to tax evasion last June, multiple Grammy winner and former Fugee Lauryn Hill is making one last ditch effort to avoid jail time.

Taxing Millionaires:  Obama’s Buffett Rule – Forbes

From the start of his 2008 campaign, President Obama has called for raising taxes on the rich. He got much but not all that he wanted in the American Taxpayer Relief Act (ATRA) earlier this year. Now his FY2014 budget takes another couple of bites at that apple.

Tax Internet Sales, Stimulate Growth – The WSJ

States can cut their income-tax rates if Web vendors collect the sales taxes that are legally due.

Posted To: The Daily Deduction By: Lauryn on 4/19/2013 12:45:00 AM
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