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Photo by Brendan Hoffman/Getty Images
Photo by Brendan Hoffman/Getty Images
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The Buffet … Rule?

The point is, even if the Buffet Rule passes, which is about as likely as me passing Danica Patrick — no one is ever going to pay that tax rate.

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Thinkstock
Thinkstock
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Filing Your Taxes at the Last Minute? Here Are Five Things You Need to Know

Remember the kids who always sat in the front of the classroom, the ones who reminded the teacher when she forgot to hand out homework? Those kids grew up into adults who get their oil changed every 3,000 miles, visit the dentist every six months like clockwork and file their taxes as soon as they can.

Then there were the back of the class kids. They’re now the reasons dentists send those “we’ve missed you” cards and cars have low oil lights. If you’re a “back of the classroom” kid, don’t worry — there’s still time to get those taxes filed. Here are a few handy tips for the procrastinators of the world.

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Category: Advice, Money, Sports Tags:
Money
Photo by flickr user baslow
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How To Deduct Travel Miles In Your Taxes, Better Start Tracking Now

Over the months to come, we will be bringing you tax and accounting tips from CS and Company that we hope will be helpful in your business and personal life.  Feel free to let us know topics you would like to know more about.  We will try to keep it current, interesting and informative.  Upcoming topics include costs savings of hiring a tax professional to prepare your taxes, deducting mileage, stashing tax free income away and changes in payroll taxes.  Hope you’ll join me and utilize my tips!

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Category: Advice Tags: ,
Joe Raedle, Getty Images
Joe Raedle, Getty Images
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How To File an Extension For Your 2010 Taxes

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

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Category: Advice, Taxes Tags: ,
Tax Refund
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The Obamas Made $1.7 Million Last Year And Still Get A Refund

President Barack Obama and his wife, Michelle, are reporting income of $1.728 million for last year, much of it from the sale of the president's books.

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Hulton Archive/Getty Images
Hulton Archive/Getty Images
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Seven Ridiculous State Taxes

While doing (and paying) your taxes is the opposite of a good time, there are some taxes that are so ridiculous, they're actually kind of fun.

Well, maybe not so fun if you actually live in one of these states. Check out our list of seven ridiculous state taxes:

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Category: Taxes Tags: ,
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Five Forbidden Tax Deductions You Might Not Know

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower.

Here's a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS.

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Category: Bozeman News Tags: ,
Getty Images
Getty Images
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5 Helpful Tips for a Successful Tax Return

It’s tax time! It can get overwhelming to file all alone. Here are a few resources that might help.
The IRS Website
The IRS’s website, while written in legalese, is the ultimate guide to everything you’ll need to know about your taxes. Here, you can download tax forms and find out which items are deductible. The site is a valuable resource if you’re filing your own taxes.

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Category: Advice, Taxes Tags: , ,
Chip Somodevilla, Getty Images
Chip Somodevilla, Getty Images
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5 Great Ways to Spend Your Tax Refund

It’s tax season, but that also means it's tax return season, too. In 2010, the average return was $3,036. That’s a lot of money to get at one time. With all that extra cash, you might be asking yourself, "How should I spend it?"

Here are few ideas.

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Category: Taxes Tags: ,
Vittorio Zunino Celotto, Getty Images
Vittorio Zunino Celotto, Getty Images
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Seven Celebrities Who Cheated on Their Taxes

With tax day just around the corner, the IRS is readying itself to spot this year's round of tax evaders. Given the lack of impulse control and sense of entitlement among the celebrity set (we're looking at you, Charlie Sheen), it should be no surprise that the famous and the powerful are among the worst tax cheats out there. Here are seven celebrities who didn't pay the tax man, and ended up paying the price:

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