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CNNMoney: 5 taxpayer traps for 2008

Delayed tax returns and late tax code changes are among the most serious problems facing taxpayers today, according to taxpayer advocate Nina Olson in an annual report to Congress Wednesday.

CNNMoney: Giant tax overhaul bill unveiled

No one actually expects lawmakers to overhaul the tax code this year, but House Ways and Means Chairman Charles Rangel (D-NY) planted his flag Thursday morning by unveiling a bill that he calls the "mother of all tax reforms."

CNNMoney: CEOs, Greenspan: Corporate tax code hurts everyone

Take your tax breaks and mind-boggling incentives - give us a low rate.

Fortune: Raising taxes on VCs

At first glance, private equity and venture capital are kissing cousins - same partnership structure, same investment pool, same pedigreed MBAs. But ever since the Senate Finance Committee this spr...

CNNMoney: AMT reform: The cap gain conundrum

Under the Alternative Minimum Tax (AMT), you're not allowed to take a lot of the income tax breaks you might otherwise enjoy under the regular income tax code. But there is one that's preserved: The reduced 15 percent rate on capital gains and dividends.

CNNMoney: KPMG prosecutors suffer another setback

Prosecutors in the KPMG tax fraud case suffered another blow as a 2004 document from the IRS showed that KPMG may not have been required to register certain questionable tax shelters with the agency, The New York Times reports.

Fortune: Is my loophole really legit?

The IRS has a surprising new enemy in the battle against abusive tax shelters: the U.S. Patent and Trademark Office. In recent years the Patent Office has begun granting patents to people who claim...

Fortune: Taxes: Patent that loophole

The Internal Revenue Service has a surprising new enemy in the battle against abusive tax shelters: The United States Patent and Trademark Office.

Senator seeks tax on pimps, prostitutes

Republican Sen. Charles Grassley of Iowa is hoping to stamp out the sex trade by taxing pimps and prostitutes, then jailing them when they don't pay.

CNNMoney: Estate tax reform not dead, despite vote

NEW YORK (CNNMoney.com) - Permanent repeal of the estate tax this year is looking highly unlikely given that the Senate defeated a motion to consider the legislation last week. But the chances for compromise weren't snuffed out, and estate tax reform legislation may still see the light of day.

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