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Wednesday, October 23, 2013

Taxes

News                                                                                                                             
Politico | Tax breaks could ease pain of JPMorgan deal
JPMorgan Chase has struck a tentative deal with the Justice Department to pay a record $13 billion over dodgy mortgage products — but the biggest U.S. bank may be able to slash that bill by paying Uncle Sam less in taxes.
CNN Money | IRS: Tax season delayed due to shutdown
You'll have to wait to file your taxes to Uncle Sam this year, thanks to the government shutdown.
FOX Business | Family Income Over $200K? Your Health-Reform Tax Guide
The glitch-ridden rollout of Obamacare's health insurance exchanges have been dominating headlines, but for households making more than $200,000, they probably haven't felt any direct impact of the president's signature legislation....yet. 

Blogs                                                                                                                             
WSJ | Cost of Improper Earned-Income Tax Credits: $10 Billion
Improper claims for the Earned Income Tax Credit continue to cost the government more than $10 billion a year, and there’s not much more the IRS can do about the problem with existing methods, a new report said.