Taxes

The IRS already has the information it needs to fill out millions of taxpayers' forms automatically. Commentator Ian Ayres says requiring everyone to do it themselves is wasting time and money.

Year after year, three generations of tax accountants work side-by-side for a devoted clinetele in Queens, New York. Their advice: "You do right by the people and they come back to you."

French presidential candidate Nicolas Sarkozy is promising to cut taxes. You might think that would be a winning platform in one of the most highly taxed countries in the world. <em>Au contraire</em>, as John Laurenson reports.

A growing number of inventors are patenting strategies that could save you money on your taxes. And if you use one without permission? Well, that's called patent infringement. Janet Babin reports.

Economist and commentator Susan Lee says dumping the Alternative Minimum Tax is a mistake. She argues we'd be much better off embracing the tax everyone loves to hate and making it universal.

From beard taxes to yachts, history teaches that you never can tell how people will respond when you find a new way to tax them. Except that some of them will find some way to avoid paying it.

It's a family business that only Uncle Sam could love. Ashley Milne-Tyte takes us to Queens, New York, where three generations of tax accountants prepare for April under the same roof.

Lawmakers meet on Capitol Hill on Thursday to search for an alternative to the alternative minimum tax. Getting rid of it won't be easy. The federal treasury depends on it. Bob Moon reports.

IRS Commissioner Mark Everson went to Capitol Hill today to explain what the IRS is doing to collect more than <nobr>$345 billion</nobr> that taxpayers owe but it can't seem to find. Hillary Wicai reports.