Tagged: Taxes

The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly.

There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state — and they failed to pay tax on their purchase in their home state.

It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it.

Is small-batch hard apple cider the next microbrew? It seems everybody and their brother is experimenting with ways to make the potent stuff profitable. Sales of domestically produced hard cider have more than tripled since 2007, according to beverage industry analysts — and that's not counting Europe, where it has held a steady popularity for centuries.

Transcript

DAVID GREENE, HOST:

Good morning, I'm David Greene.

If you weren't finished with your taxes, you may have been buried in paperwork over the weekend. Not true for last-minute filers a century ago. While this year's 1040 tax form has 214 pages of instructions, in 1913 it was just one page. There was a section for how farmers should claim livestock including animal wool and hides. There was a line for losses sustained in firestorm or shipwreck. But sorry, the family account at the country store was not deductible.