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Tax News

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

1 hr ago | Washington Examiner

Virginia man sentenced in tax fraud case

A Stafford County man has been sentenced to three years and one month in prison for a $600,000 tax fraud scheme.

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Related Topix: Stafford County, VA, Fredericksburg, VA

2 hrs ago | WFMZ

Allentown man defrauded IRS of over $2.9 million

Andy O. Rodriguez, 26, of Allentown pleaded guilty Thursday to defrauding the IRS of more than $2.9 million in tax refunds.

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Related Topix: Allentown, PA, Prison

6 hrs ago | Hindustan Times

Soon foreign bank trip details could be in IT returns

The first report of the special investigative team on black money has sought changes in income tax return forms whereby taxpayers would be required to give details of their foreign bank accounts or foreign trips undertaken by them.

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Thu Aug 21, 2014

The Washington Post

Shareholders, public deserve tax transparency

These are among the array of eye-glazingly complicated tax avoidance strategies adopted by America's biggest companies.

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Related Topix: Opinion

Business Journal

IRS can't figure out medical-device tax, U.S. Treasury says

The Internal Revenue Service is struggling to determine which businesses must pay an excise tax on medical devices, according to a U.S. Treasury report.

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WAFF-TV Huntsville

Alabama delays tax refunds to catch ID theft

Alabama's Revenue Department slowed about 100,000 personal income tax refunds this year because of a new computer program designed to catch identity theft and tax fraud.

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Statesboro Herald

Statesboro announces - tax increase' to keep same millage

With the effect on its budget now smaller than previously estimated, the city of Statesboro has slated three "property tax increase" hearings after several City Council members indicated support for keeping the millage rate unchanged.

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Related Topix: Bulloch County, GA, Statesboro, GA

The Age

It's tax season, and the scammers are out in force

Scammers using tax-related reclaim schemes have fleeced more money from Australians in the first month of the financial year than from January to June combined, prompting further warnings from the consumer watchdog and tax office.

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WHAS11

JCPS Superintendent Hargens recommends no property tax increase

LOUISVILLE, Ky. Jefferson County Public Schools Superintendent will recommend not to raise property taxes for a seventh straight year, according to officials.

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Related Topix: Louisville, KY

Wed Aug 20, 2014

KMBC-TV

Police: Phone scam uses IRS, arrest threat to get personal data

The Missouri Attorney General's Office is warning the public about a new scam that uses threats and intimidation to try to dupe people into turning over personal information.

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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

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

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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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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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

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