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Tax News

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

3 hrs ago | Mental Help Net

IRS Caps Fines on Uninsured Americans at $12K for Family of 5

U.S. taxpayers who go without health insurance this year will face fines of up to $2,448 per individual or $12,240 for a family of five, the Internal Revenue Service says.


Related Topix: Health Insurance, Health

7 hrs ago | News Observer

NC budget hole grows based on new tax cut analysis

A memo from the legislature's Fiscal Research Division says the wages of North Carolina's workers haven't grown as fast as originally forecast, resulting in the projected cost of the 2013 tax cuts rising from $475 million to $680 million.


11 hrs ago | KFVS12

Ex-IRS employee pleads guilty in fraud conspiracy

A former employee of the Internal Revenue Service in Kansas City pleaded guilty to stealing taxpayers' identity information to receive fraudulent tax refunds.


15 hrs ago |

House votes to limit tax credit for immigrants

However, millions of low-income families would lose the $1,000-a-child credit in 2018, when enhancements championed by President Barack Obama are set to expire.


Related Topix: Immigration Reform, US Politics, US News, Barack Obama, Social Security, Personal Finance, Dave Camp, Republican, US House of Representatives

16 hrs ago |

I Look Forward To The Campaign For Amazon To Receive A Tax Refund

One of the joys in my native UK is in watching the activities of a self-appointed group of tax campaigners.


20 hrs ago | WLWT-TV Cincinnati

Indictment: Man stole dead kids' identities for false tax returns



Related Topix: Kids, Family, Digital Journal

Yesterday | WCPO-TV9 Cincinnati

Prosector: Dead kids' names used in tax scheme A man is accused of...

A man is accused of using the names and identities of dead children to claim more than $16,000 in false income tax returns and tax refunds.


Related Topix: Kids, Family, Cincinnati, OH

Thu Jul 24, 2014

WTVF Nashville

Former Jackson School Employee Pleads Guilty To Fraud

The Jackson Sun reported that 33-year-old Jessica Nicole Pinkerton of Humboldt will owe $606,375 to the school and $143,168 to the Internal Revenue Service as part of a deal with prosecutors.


Bellingham Herald

Feds cap fines for not buying health insurance

The amount is equal to the national average annual premium for a bronze level health plan.


Related Topix: Criminal Defense Law, Law

Wisconsin makes Minnesota offer on tax reciprocity

Still, Revenue Secretary Rick Chandler and Wisconsin lawmakers who live on the border with Minnesota said they hoped the two states could reach agreement for the 2015 tax year before a Sept.


The News Tribune

Varying health premium subsidies worry consumers

But in the process of signing up for a plan, Close said her account showed several different subsidy amounts, varying as much as $180.


Related Topix: Healthcare Law, Law, Medicaid, Health

New Hampshire Public Radio -

Nashua Police Warns Residents About IRS Phone Scam

The police department in Nashua, New Hampshire, is warning residents of a phone scam where callers are portraying themselves as employees of the Internal Revenue Service and demanding money.


Related Topix: Nashua, NH

Lexington Herald-Leader

New processing center planned in Mount Sterling

Gov. Steve Beshear said Wednesday that Data Dimensions Corp. plans to invest $3.2 million in the project in Montgomery County.


Related Topix: Mount Sterling, KY, US Governors, Steve Beshear, Montgomery County, KY

Fox News

Credibility gap worsens IRS scandal

Buzz Cut: a Credibility gap worsens IRS scandal a First in Fox News First: New call for Obama to visit border a Can the Granite State crack the Pick Six? a Hillary responds to Rubio's last-century knock a Hey, he didn't say he had never been armed KOSKINEN'S CREDIBILITY GAP WORSENS IRS SCANDAL The emails at the IRS may or may not be lost .


Related Topix: US News, Conservative Political News

Wed Jul 23, 2014

Minnesota news in brief at 7:58 p.m. CDT

Minnesota Gov. Mark Dayton paid nearly $106,000 in state and federal taxes last year, and upped his charitable giving, too.


Related Topix: US Politics, Mark Dayton, US News, US Senate, Democrat, Minnesota, US Governors, St. Paul, MN, Bemidji, MN

Brandon Sun

Charities may be asked for donor lists under CRA proposal floated by minister

Canadian charities would have to turn over lists of their donors' identities to the Canada Revenue Agency under a proposal being floated by the Conservative government.

1 comment

Related Topix: Life, North America, Canada, Charity , World News


Schauer calls for child tax credit, paid sick time

Democratic gubernatorial candidate Mark Schauer says Michigan's $600-per-child tax credit should be restored and all but the smallest businesses should provide 40 hours of paid sick leave a year.


Related Topix: US Governors, Rick Snyder

The Net Investment Income Tax And Material Participation Of Trusts and Estates

This series of posts will discuss the key authorities that address the issue of determining material participation for trusts and estates, including the most recent authority, the Frank Aragona Trust U.S. Tax Court case.


WHEC-TV Rochester

IRS warns of past-due tax scam

The Internal Revenue Service has issued a warning about a new scam. The federal government says scammers are duping people out of millions of dollars in a past-due tax scam.


Mother Jones

Will Republicans Finally Find a Tax Cut They Hate?

Charles Gaba makes an interesting point about today's Halbig decision: if upheld, it would amount to a tax increase.


Related Topix: US News