Taxes

US Presidential Elections 2nd debate: CNN's Reality Check Team vets the claims

The team of reporters, researchers and editors across CNN listened throughout the debate and selected key statements from both candidates, rating them true; mostly true; true, but misleading; false; or it's complicated.

 

Obamacare

Reality Check: Trump on Obamacare premiums

By Tami Luhby, CNNMoney

Trump cited Obamacare as one of the top problems he wants to address if he is elected president.

Facebook could owe $5 billion in taxes

Facebook (FBTech30) disclosed on Thursday that it could owe billions due to an IRS investigation into the way it moved assets to an Irish subsidiary to avoid higher taxes.

The IRS tax penalty could total $3 billion to $5 billion, plus interest, according to a Facebook filing with the Securities and Exchange Commission. If so, Facebook says the penalty could have a "material adverse impact" on its financial position.