Federal Income Tax

Q: Our condominium association paid 35 percent in federal income taxes last year even though we are a small association. The tax was on a capital gain we earned for a small investment that paid handsomely. Two accountants confirmed that we are liable...

It was not the FBI that brought down Al Capone and, contrary to countless movie and television versions, it was not even Prohibition revenuer Eliot Ness. It was Frank J. Wilson, an accountant in the federal Bureau of Internal Revenue, now called —...

One political party is committing class warfare, pitting one set of Americans from a particular socioeconomic sector against those on the other end. I abhor what that party is doing. So they should stop with the class warfare. And by they, I’m...

America doesn't feel much like the champion of the world these days. Everywhere we look, we see other countries outdoing us — in economic growth, educational performance and men's soccer. But this year, we are expected to gain an impressive...

I am 55 years old and plan on retiring in 7 years. My wife and I both work and have saved religiously in our IRAs. Together we have a little more than $500,000 in those plans. I understand that since all the money invested in those plans were pre-tax...

Recently my mother passed away and left my sister and me her $300,000 IRA. We met with her advisor and she suggested that we should divide the IRA into two equal portions and roll them over to my sister and me. She explained that neither of us would owe...

After his company reported the largest quarterly earnings in its history, the head of the Walt Disney Co. said he thinks the United States should cut its corporate income tax rate. “We pay a very high corporate tax rate as a company,” Disney...

U.S. Sen. Bill Nelson, D-Fla., is delivering what his office says is a “major speech” to the Florida Council of 100 in Washington. The “major” news: – “The hyper-partisanship has to stop.   If it doesn’t, we...

Joining me in part three of a conversation about issues related to teacher pensions is Glen Brown, a retired suburban public high school teacher whose blog deals with education. Read part one of our exchange, which includes Brown's full bio,......

What Do ... ... Air Products & Chemicals, Comcast and H.J. Heinz all have in common? They're among the 68 companies singled out in a new report for not paying state income taxes for at least one year between 2008......