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Tax News

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

12 min ago | 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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How Captain America: The Winter Soldier Should Have Ended

This Little Kid Is DEVASTATED When His Dad "Steals" His Ear and Nose

Critics Slam 'Ice Bucket Challenge' as 'Slacktivism' and 'Stunt Philanthropy'

Should the U.S. Capitol Have a POW/MIA Memorial?

4 hrs ago | 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

6 hrs ago | 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

7 hrs ago | 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

8 hrs ago | 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

9 hrs ago | 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

9 hrs ago | 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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10 hrs ago | 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

11 hrs ago | 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

13 hrs ago | 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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17 hrs ago | 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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21 hrs ago | 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

National Center for Policy Analysis

Taxpayers Paying Public Employees to Do Union Work

A report from Kenric Ward at Watchdog.org presents a stunning fact from Nathan Mehrens, president of Americans for Limited Government: American taxpayers spent $156 million in 2012 paying federal employees to do union business, not federal work.

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WGRE-FM Greencastle

"Transparency" is More Than Just a Word: Prof. Jeff McCall '76

"The president and his spokesmen like to dismiss stories such as Internal Revenue Service targeting, National Security Agency spying, DOJ snooping and Benghazi on reporters as 'phony scandals' and made-up distractions," writes Jeffrey M. McCall, professor of communication at DePauw University, in Rhode Island's Providence Journal .

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Related Topix: DePauw University, Journalism

The Times of India

Missed the deadline? You can still file tax returns

Do you have tons of experience? Focus on recent roles and experiences and fade out large portions of the past into 1-2 lines each.

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Related Topix: REIT, Personal Finance

Sun Aug 17, 2014

The Motley Fool

The 5 States With the Highest Sales Tax

Nearly every state in the union charges a sales tax, and the tax levied on goods and services sold at the retail level is just one of many tools states use to collect revenue, along with licensing and taxes on income, corporations, and property.

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Related Topix: Tennessee Government, Tennessee, Arkansas, Arkansas Government, Louisiana, Louisiana Government, Tyne and Wear County, England, World News, United Kingdom,

Lexington Herald-Leader

Man accused of taking Keeneland ATM cash to be sentenced for filing false income tax returns

A Richmond man accused of keeping hundreds of thousands of dollars that were supposed to go into cash machines at Keeneland Race Course will be sentenced in September on charges of filing false income tax returns, according to court documents.

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Related Topix: Prison, Keene, KY

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