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Oklahoma finance officials say large corporate income tax refunds are to blame for an 8 percent drop in collections to the main operating fund of state government.
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As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week.
JACKSONVILLE, Fla.--The Jaguars added to their day one free agency haul by agreeing to terms with former Vikings running back Toby Gerhart.
The Oklahoma House has approved legislation to create a tax credit for low- and moderate-income housing in rural areas.
The state Supreme Court on Tuesday rejected a request for a sales tax refund on the electricity and natural gas used by the bakeries at 40 Schnucks grocery stores.
In this Feb. 24, 2014 file photo, Ohio Gov. John Kasich delivers his State of the State address at the Performing Arts Center in Medina, Ohio.
The Catholic Archdiocese of Seattle says some employees and volunteers may be victims of national tax refund fraud because of a data breach.
The Internal Revenue Service says someone has been trying to obtain income tax refunds that are owed to employees of a northwestern Indiana school district.
Through March 7, the IRS had received more than 1.4 million electronic returns from Tennesseans.
Does this sound familiar? A few years back your yearly earnings were pretty low so you figured you wouldn't owe any income tax.
An Acworth man has been sentenced to 10 years and one month in prison for using stolen identities of prisoners to file false federal income tax returns that claimed millions of dollars in fraudulent refunds.
The recent case of a Texas man convicted of tax fraud highlights a lucrative black market for stolen personal information the IRS estimates costs U.S. taxpayers more than $6 billion a year.
A combination of income tax refunds issued in January and February with accessible financing have boosted used-car prices overall in the first two months of 2014.
If, for example, you're in the 28 percent federal income tax bracket, every $100 in deductions will save you $280 in federal income taxes.
The Finance Ministry's Fiscal Policy Office is floating the idea of a negative income tax system as a better approach than populist policies to addressing poverty.
So IA wonders: How did the Santa Clara County Office of Education keep secret for so long the nearly $200,000 in penalties it paid to the IRS for late payroll taxes? It appears that outgoing Superintendent Xavier De La Torre and his finance staff didn't let the bosses know until Feb. 5, or 2 1 2 months after the IRS sent the first notice of 11 ... (more)