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Taxpayers today bear distinct obligations to file a tax return reporting tax owed and to pay such tax. Moreover, the penalty for failure to file is much stiffer than the penalty for failure to pay.

The taxes on gains on the sale of securities held for longer than one year can be as low as 0%. You can take a significant amount in capital gains before you have to start paying a penny of taxes.

Adding new tax breaks, such as Mr. Trump's promise to ditch taxes on overtime pay, could push up the bill even higher at a time when the nation's debt has spiraled to more than $36 trillion.

What is a tax holiday, and why does it matter to you? Imagine running a business and getting a temporary break from paying taxes. Sounds like a dream, doesn’t it? That’s exactly what a tax ...

Syracuse, N.Y. — A Central New York man pleaded guilty Wednesday to not paying any income taxes on more than $1 million in wages he made over six years, prosecutors said. He did it by claiming o ...

You can receive a professional’s advice and discover the best way to avoid paying capital gain at California’s tax rates. The Redditor has $10 million in unrealized capital gains.

The inevitable annual tax filing season is upon us. As an individual, you probably pay more to the government than you realise. It’s to your advantage to know about the different types of taxes ...

Savers are more than forty times more likely to be liable to pay tax on their savings than they were just three years ago, new figures have revealed. Millions of savers could be at risk of ...

However, the overall tax picture may be more complicated than you think. While you could pay less in state income taxes, you might face higher costs in other areas. Here’s what you need to ...