Taxes

MARIJUANA

Pot is illegal on the federal level, but the IRS code states, “Marijuana businesses are required to file federal income tax returns.”

tax code

Data breaches exposing taxpayers’ personal info are on the rise. Are you at risk for tax-return fraud or other common tax scams?

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As 2015 nears its end, take a moment to reflect upon the year. If a drop in income put you in a lower tax bracket this year, perhaps because of a job loss or just a temporary gap in employment, you may want to consider converting money from a traditional individual retirement account to a …

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As they say, good deeds are their own reward. Even so, there’s nothing wrong with taking a tax deduction for a charitable donation. Not surprisingly, the end of the year — a time when people like to wrap up loose ends — is an especially popular time for giving. December takes the top spot for …

Tax inversion implications

Eamon Javers takes a look at how the White House is reacting to the Pfizer-Allergan merger.

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Death and taxes may be two of life’s major certainties, but just as healthy living can help extend your life, savvy tax moves can help boost your tax savings – as long as you make them before Dec. 31. There are no significant tax changes looming as 2015 winds down, which is good news. However, …

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Tax-loss harvesting — the practice of selling a security that’s experienced a loss, to realize that loss and offset taxes on both income and other investment gains — is one way to “reverse investors’ gloom” at year end, said CNBC Senior Personal Finance Correspondent Sharon Epperson. But tax-loss harvesting is complicated, and there are some …

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When I got home from work the other day, I was greeted by two very unusual messages on my answering machine. The first one said: “Hello, we have made several attempts to reach you. This call is officially a final notice from the Internal Revenue Service. The reason for this call is to inform you …

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Now that autumn’s upon us, what better time to talk about harvesting? Tax-loss harvesting, that is. “Tax-loss harvesting is a basic concept to sell investments, stocks, bonds [or] anything that you own that has actually gone down in value,” said Ron Carson, founder and CEO of Carson Wealth Management Group. The upside of tax-loss harvesting …

Adam Jeffery | CNBC
Donald Trump speaks with CNBC's John Harwood at the Trump Grill in New York.

Watch the interview here Donald J. Trump. Long a flamboyant figure in American life — as a real-estate developer and reality show host — Trump, 69, entered the race in June in unorthodox fashion. At a moment when Republican leaders hoped to repair relations with Latino voters, he seized on the issue of illegal immigration, …

Trump vs. Bush tax plan

John Harwood tells us the details of Donald Trump’s tax plan.

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Most people know they should save more for retirement, but many can’t — or won’t — because they say it’s hard, confusing, or it is simply not their only priority. A recent survey by Charles Schwab found 35 percent of 401(k) participants say they aren’t willing to sacrifice dinner out, vacations and other “quality of …

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When’s the best time to start planning for your 2015 tax return? There’s no time like now, said certified financial planner Stacy Francis, president and CEO of Francis Financial. She recommends four key steps that can help reduce your annual tax burden. First, be sure to take advantage of any available qualified retirement savings plan …

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The Ohio Statehouse, in Columbus

State finances across the U.S. have been described as stable but slow growing. Six years into the post-recession economic recovery, that statement may be accurate, but the full truth may be more troubling. A handful of states are caught in a real pension fix. A few statehouse budget battles in recent months have been notable …

Taxes going high tech

H&R Block is trying a new high tech way to help you prepare your taxes.