Tax Day Roundup: Last-Minute Fixes & Reasons for Cheating
Tax Day news from around the Web:
- If you still haven't filed yet, all is not lost. Here's a list of last-minute tax tips. [Lifehacker]
- The slew of tax breaks enacted last year has both taxpayers and the IRS scrambling to keep up. The IRS has erroneously issued millions in tax credits even as it has detected and stopped faulty refunds. [Associated Press]
- Enjoy tax day in 2010, because taxes are only going up from here. As America ages and Social Security and Medicare costs go up, higher taxes may become unavoidable down the road. [Newsweek]
- Now is as good a time as ever to get rid of the mortgage-interest tax deduction. [Cato @ Liberty]
- Cheating on your taxes is wrong, but that doesn't mean people don't do it. Here are five incentives people have for bamboozling the IRS. [BNet]
- Or cheaters might have more ominous reasons to fudge the numbers. The government often uses tax laws to go after suspected criminals such as drug dealers and terrorists. It all began with Al Capone, who called his 11-year sentence for tax evasion conviction a "blow to the belt." [The Huffington Post]
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