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Tax News

News on Tax continually updated from thousands of sources around the net.

3 hrs ago | San Jose Mercury News

Contra Costa tax collectors order $10K seizure -- from the wrong man

Jim Service is a tax deadbeat. He had about $6,000 garnished from his state income tax return this year, and he's been told he owes $4,000 more to pay off debt.

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Related Topix: Contra Costa County, CA, Science / Technology

7 hrs ago | KGNS-TV Laredo

Abbott's remarks on business tax spark confusion

In his campaign for governor, Republican Attorney General Greg Abbott has repeatedly vowed to keep taxes low in Texas.

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Related Topix: Texas Government, Texas

11 hrs ago | The Motley Fool

Where the 7 States With No Income Tax Get Their Money

For most Americans, the prospect of living in states with no income tax is an attractive one.

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16 hrs ago | TaxAssist Accountants

Offshore tax evasion could become a criminal offence

People who fail to disclose taxable offshore income and gains will be in danger of criminal prosecution, under new proposals announced this week.

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20 hrs ago | Proctor Journal

Tax return check has arrived, so buy the shoes

Your tax return check has arrived in the mail. Now you'll finally pay off that credit card or add the extra cash to your savings for a rainy day.

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Related Topix: Marketing

Tue Aug 19, 2014

KLEW-TV Lewiston

Moscow City Council passes property tax increase

Taxes are going up for property owners in Moscow. At Monday night's city council hearing, the proposed increase passed five to one.

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Ledger-Enquirer.com

GOP intensifies efforts in Kan. governor's race

The conservative Republican governor is facing a tougher-than-expected race against Democrat Paul Davis for a second, four-year term amid questions about whether his aggressive income tax cuts are boosting economic growth as promised or wrecking the state's finances.

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Related Topix: US Politics, Sam Brownback, US News, US Senate, Republican, Kansas, Representative Mary Fallin, US House of Representatives, US Governors

The Raw Story

Florida man pleads guilty to using Swiss 'Hot Lips' account to avoid paying taxes

A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes.

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Related Topix: Prison

TheBlaze.com

IRS Bungles Collection of Obamacare's 2.3 Percent Medical Device Tax

A Treasury Department watchdog reported Tuesday that the Internal Revenue Service is having significant trouble collecting the 2.3 percent excise tax on manufacturers, producers and importers of medical devices, a controversial tax that was imposed under Obamacare.

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Related Topix: Healthcare Law, Law, Food and Drug Administration, US Politics, US News

Lexington Herald-Leader

Audit: 'Obamacare' tax not meeting revenue target

The audit by the Treasury inspector general for tax administration says the Internal Revenue Service needs to do a better job policing the tax.

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Related Topix: US Politics, US News, Barack Obama

CBS Local

MN Inmates Charged With Filing $400K In False Tax Returns

Two inmates at a Minnesota prison are accused of filing $400,000 in false tax claims to the Internal Revenue Service, according to the U.S. Attorney's Office.

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Related Topix: Prison, Minnesota

Forbes.com

Does The IRS Have The Power To Correct Tax Law Typos?

Don Susswein, a former Republican tax counsel to the Senate Finance Committee, is now a Principal in McGladrey's Washington National Tax practice.

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Newsday

Astorino calls for tax cuts, natural gas and high-tech and agriculture startups

In East Islip slow moving maintenance vehicle. left lane closed on Sunrise Hwy/NY Rt-27 WB between Carleton Ave/X46 and Robert Moses Cswy in Suffolk In East Islip slow moving maintenance vehicle.

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Related Topix: East Islip, NY, Islip, NY, Binghamton, NY

Business Journal

Former IRS commissioner: Political environment impedes tweaking the ACA, reforming tax code

IRS Commissioner Mark Everson testifies on ways to reduce the tax gap at a Senate Banking Committee hearing in Washington, D.C., April 18, 2007.

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Related Topix: US News, Washington

Inside Costa Rica

Costa Rican Oil Refinery in long battle with tax authorities

August 19th, 2014 The Costa Rican Oil Refinery has been charged more than $180 million in penalties and interest by the Treasury as the result of tax audits over the last five years, according to a report by the daily La Nacion.

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Daily Monitor

City businessman, SK Mbuga faces travel ban over tax evasion

Days after hiding his two Hummers, thwarting plans to impound them over a Shs219 million tax liability, city businessman Sully K Mbuga now faces a travel ban.

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Lake Forester

Schneider, Dold disclose 2013 tax returns; Dold criticized for filing separately from wife

Disclosure of income tax information continues to be a campaign issue for Rep. Brad Schneider even after he made his 2013 return public.

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Related Topix: US Politics, US News, US House of Representatives, Representative Brad Schneider, Democrat, Deerfield, IL, Kenilworth, IL, Lake Forest, IL

Mon Aug 18, 2014

WHTC

Taxpayers Warned About Scam Phone Calls

Taxpayers are being warned about a phone fraud scam. The Treasury Inspector General for Taxpayer Administration says there have been reports of phone calls from individuals claiming to represent the IRS.

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WBRZ

Rayville tax preparer accused of $325000 tax fraud

Louisiana's Department of Revenue says a Rayville tax preparer is accused of using fake business losses to inflate customers' tax returns.

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Related Topix: Rayville, LA, Jackson, LA

The CPA Technology Advisor

IRS Issues New Regs for Longevity Annuities, Exempt frm RMD Rules

People are living longer due to medical advances and other factors. So it only stands to reason that it's outliving your retirement savings is becoming a greater concern.

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Related Topix: Family, Elderly (Senior Citizen), IRA, Personal Finance

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