taxes

A good deal of the estimated $1.7 trillion in foreign assets American companies have is actually sitting in U.S. banks.

As tax season gets closer, Allan Sloan, senior editor-at-large at Fortune Magazine, laments the increasingly complex tax code.

Gus Faucher, senior economist at PNC Financial Services , discusses the housing market, the economy and your paycheck.

The fiscal cliff deal raises taxes on individuals making at least $400,000 and couples making at least $450,000. Of course, 400 plus 400 does not equal 450. So what's going on?

The tax code may put high earners in the top bracket, but they don't always agree that they are rich.

Americans are already being greeted with smaller paychecks thanks to new tax rates. How taxpayers at different income levels will br affected.

The 2 percent payroll tax rise means that a person who earns $50,000 a year will pay $1,000 more in taxes.

The Senate deal permanently raises income taxes for individuals making more than $400,000 a year. It delays — for just two months — most of those automatic spending cuts that were set to kick in. And it includes a number of other provisions to stave off the most pressing aspects of the fiscal cliff.

The IRS faces a ton of decisions, changes and updates in the fiscal cliff deals. But until there is a deal, the federal agency is as uncertain about the future as everyone else.