Taxes

TABOR puts the brakes on spending state tax revenue

CLARKONOMICS: State tax collections are now above their all-time record high five years ago, according to new numbers from the Nelson Rockefeller Institute of Government. So where is the money going? While increased tax collections are a sign of economic recovery, I think this whole question poses a fundamental challenge ...

• 2:37 p.m. Monday, April 30, 2012

Reduce your withholding to beat tax refund ID thieves

Well, Tax Day is finally here. Approximately 25% of people wait until the last minute or beyond to file their taxes. As I've said in the past, if you can't get it together, file for an extension because the penalty for failure to file is nasty. If you need more ...

• 1:44 p.m. Tuesday, April 17, 2012

What to do when you can't pay your taxes

What can you do if you can't pay your taxes? You must file a return regardless. If you fail to file and you owe money, the IRS charges a penalty rate that works out to be 60% a year. But for those who file and can't afford to pay, it's ...

• 1:08 p.m. Friday, April 13, 2012
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How to handle new 1099s for small business

New IRS tax forms are being sent to businesses that take credit cards and third party payments like PayPal or Amazon. Here's how to handle them to make sure you don't double-report your income.

• 12:00 a.m. Friday, March 30, 2012

2012 is the year of the income tax scam

This is the year of the income tax scam. Be scared. It's ugly out there this year. Email after email has been showing up in inboxes pretending to be from the IRS. But the IRS does not do email. They only contact you by snail mail. So those emails you ...

• 1:30 p.m. Friday, March 23, 2012
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video

A free offer to find tax savings you may have missed

One major tax prep chain has a free offer to find hidden deductions or credits on your tax return that you may have missed. Clark shares the details on this can't-lose deal.

• 12:00 a.m. Friday, March 23, 2012

Clark reacts to the Paul Ryan budget

CLARKONOMICS: Congressman Paul Ryan -- the guy who the GOP likes to treat like the crazy uncle they'd rather lock up in the closet -- has issued a proposal that tackles head-on the problems with the promises we've made concerning Medicare and Medicaid. We spend 17% of our nation's wealth ...

• 2:13 p.m. Tuesday, March 20, 2012
• Comments  (2)    Votes  (1)

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Dealing with surprise 1099-c forms

You get a surprise 1099-C tax form in the mail for an old debt of yours that was written off several years ago. Is this really taxable income? Clark has the answer.

• 12:00 a.m. Tuesday, March 20, 2012

Scam targeting seniors by promising bogus tax credits

Senior citizens are being ripped off by crooks promising them bogus tax credits if they file a tax return this year. Somewhere near a third of senior citizens get by just on Social Security. Most of those people don't have to file tax returns because their income is so low. ...

• 1:00 p.m. Monday, March 19, 2012

What to do when you can't pay your federal taxes

With the deadline to file taxes coming up, I want to take a moment to advise those who can't afford to pay what they owe the federal government. The key rule here is don't hide under a rock if you can't pay. Instead, file your return on time. Here's why: ...

• 1:08 p.m. Friday, March 16, 2012
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