Tax code details 'not visible' to working poor

(Phys.org) —Congressional tax-code writers hoped the Earned Income Tax Credit (EITC) would change behavior of the poor by rewarding work. They worried EITC might keep unwed mothers from marrying, or make them have more ...

Eastman Kodak 1Q loss widens

(AP) -- Eastman Kodak Co. said Friday that its first-quarter loss widened on hefty charges related to its reorganization under bankruptcy protection and a drop in sales.

India's Tata says US class action 'without merit'

Indian IT giant Tata Consultancy Services on Tuesday denied a US class action suit that it unfairly kept the US tax refunds of Indian employees working abroad, saying the claims were "without merit".

US judge allows class action suit against India's Tata

A US judge has approved a class action suit against Tata Consultancy alleging that the Indian firm unfairly kept the US tax refunds of Indian employees working abroad, court documents show.

Refunds don't always help lower-income taxpayers

Getting a tax refund from the federal government at the end of the year may not always be the best option for lower-income populations, according to the research from Harris School economist Damon Jones.

IRS issues new phone app to track refunds

(AP) -- For people who just can't enough of the Internal Revenue Service, the federal tax collection agency is coming out with a new phone app.

Early income-tax filing not the best deal

The early bird doesn't always get the worm. Moreover, said a consumer-finance expert in Penn State's College of Agricultural Sciences, being in a hurry to file your federal income tax forms in pursuit of a quick refund isn't ...

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