The big tax deadline is a few weeks away, and the calls for IRS forms and schedules have gotten louder. Steve Chiotakis talks to economics correspondent Chris Farrel about how tax code got so complicated in the first place.
A new federal tobacco tax will make it more expensive for smokers to buy their cigarettes. Money from the tax increase will be used to expand health insurance coverage to kids from low-income families. Ashley Milne-Tyte reports.
Ahead of the G-20 summit, the British government is trumpeting a crackdown on tax evaders from certain countries. But some of the biggest tax havens may be found in the countries doing the whining. Stephen Beard reports.
The IRS recently announced that victims of the Madoff scandal can claim up to 95 percent of their losses on their taxes. Tess Vigeland and Chris Farrell discuss what implications this decision has on the tax code and on victims of future Ponzi schemes.