Taxes

4:08pm

Tue April 17, 2012
Governing

If You Hate Tax Day, Just Wait Until Next Year

Originally published on Tue April 17, 2012 4:56 pm

A tax service company in Brooklyn, N.Y, on Tuesday, the filing deadline for federal taxes.
Mary Altaffer AP

More than 99 million federal taxpayers had filed their returns as of Tuesday, with more than 80 million of those expecting a refund.

People who file at the last minute — and Tuesday is this year's deadline — are somewhat more likely to owe money to the government. And if Congress and the president don't act, next year could see many more Americans paying higher taxes.

That's not because either President Obama or presumptive Republican challenger Mitt Romney advocate a tax increase for most Americans.

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2:34pm

Tue April 17, 2012
Planet Money

Pay Your Taxes: A Cautionary Tale

Originally published on Tue April 17, 2012 4:15 pm

Young Buck, 2004
Nick Ut AP

When IRS agents raided the house of rapper Young Buck, they seized all his things: his white leather dining chairs, his watches, his craps table, his tattoo kit. Even his refrigerator. The Nashville artist, who was once part of 50 Cent's G-Unit, owed hundreds of thousands of dollars in back taxes.

His lawyer, Robin Mitchell Joyce, said he thought Young Buck's taxes were being handled by his business manager. They weren't.

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11:31am

Tue April 17, 2012
Business

Tax Deadline Looms

MoneyBlogNewz-Creative Commons/Flickr

This is the last day procrastinators have to file state and federal income tax returns. Karen Connelly, a spokeswoman for the Internal Revenue Service says only about 20% of Colorado taxpayers have to write a check to the government when filing their taxes. The other 80% receive refunds.

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2:00am

Tue April 17, 2012
Business

Tax Day Isn't Bad If You're Getting A Refund

The day that many dread is here: It's Tax Day. Of the 143 million federal tax returns filed last year, more than 80 percent qualified for a refund. Steve Inskeep talks to David Wessel, economics editor of The Wall Street Journal, about the economics of tax refunds.

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4:42pm

Mon April 16, 2012
The Two-Way

Still Mail Your Tax Returns? So Do Some Other Die-Hards

Originally published on Mon April 16, 2012 4:45 pm

He'll trust the U.S. Post Office, not the Web, to handle his tax returns, Matt Peters says.
Alan Greenblatt NPR

As we've reminded everyone, April 17 (Tuesday) is the deadline for filing federal income tax returns. It's also the deadline for filing income tax returns in most states. Our friend Alan Greenblatt tells about something he finds surprising:

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