How the IRS will enforce health care 'tax' penalty

Aug 2, 2012
The House Oversight Committee examines how the IRS will collect taxes from people who fail to buy health insurance under the Affordable Care Act.

Report: Plain Writing Act fails to live up to its name

Jul 23, 2012
About a year ago a law went into effect called the Plain Writing Act, meant to compel federal agencies into communicating with the public in a more accessible way. Now a nonprofit has come out with its first report card based on the act, and most agencies are not doing very well.

The health care mandate and your wallet

Jun 29, 2012
The Supreme Court ruled that President Obama's health care mandate is constitutional. So what does that mean for citizens?
Protestors stand outside the U.S. Supreme Court in Washington, D.C.
Kris Connor/Getty Images

Taxing your winnings

May 18, 2012
Winning big could saddle you with some serious debt. Tax expert Louis Barajas explains.
American tax law would tax the fair market value -- not the retail value -- of this Porsche Carerra 911 that Maria Sharapova won at her income tax rate if she filed her taxes in the U.S.
THOMAS KIENZLE/AFP/GettyImages

Mexicans worried about disclosure rules for U.S. banks

Apr 17, 2012
The IRS plans to require U.S. banks to report interest payments to nonresident depositors. Mexican nationals are concerned the sensitive info will wind up in the wrong hands.

President Obama hopes to boost IRS budget, tax revenue

Mar 5, 2012
We're less than six weeks away from tax day, and this year the IRS is gonna have to do more with less when it comes to processing all those returns. President Obama hopes to change that.

Getting Personal: Identity crisis

Feb 17, 2012
Tess talks with David Lazarus of the the Los Angeles Times about how to cope with possible identity theft, the tax implications of airmiles and handling your credit profile when collectors come calling.

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IRS may have money waiting for you

Jan 27, 2012
Today is Earned Income Tax Credit Day, which highlights the benefit for low- and moderate-wage earners.

Clawbacks: IRS collects $2.7 billion in unpaid taxes

Sep 16, 2011
The IRS says it has dredged up $2.7 billion from people who squirreled cash away in foreign bank accounts and failed to pay tax on it. The news t...
Federal tax forms are distributed at the offices of the Internal Revenue Service in Chicago, Ill.
Scott Olson/Getty Images

I like doing my taxes

Mar 12, 2009
I hate going to the dentist and sitting in traffic and eating beef stroganoff, but I kinda like the challenge of figuring out my taxes. I'm...