Tax Wire
Comprehensive News Feed for Tax.
Results 1 - 20 of 104,362 in Tax
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Obama seeks major new spending to boost economy
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... midterm election season draws near. Obama proposed new spending for highway and bridge construction, for small business tax cuts and for retrofitting millions of homes to make them more energy-efficient. He said he wanted to extend economic stimulus ... Comment?
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IRS Audits Single Mom Making $20K, Says She Cana t Claim Kids as Dependents
... accountant retained by her father, she won a reversal of the government's initial determination that she owed a $16,000 tax bill, although she and her parents racked up a $10,000 bill defending themselves. However, the IRS says Porcaro can't claim ... Comment?
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Obama Pushes Small Business Aid for Job Recovery
The president pledged to extend loan aid and tax breaks to small businesses and to create a new tax credit for hiring new workers in a speech at the Brookings Institution today. Comment?
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... the car to your business and report your personal use as compensation or "other income" on your personal income tax return. The business would receive the available deductions for the depreciation and operation of the car, as well as the interest ... Comment?
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Obama: Boost Jobs With Transportation, Tax Credits
President Barack Obama today proposed new spending on the nation's transportation system, tax credits to spur hiring by small businesses and incentives to make homes more energy efficient in a second round of initiatives aimed at cutting the jobless rate. Comment?
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Pre-Budget report: Labour puts off vital cuts until after the election
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... of higher taxes and higher interest rates. However, Mr Osborne will not oppose Mr Darling's plan to impose a one-off tax on bankers' bonuses. He believes Labour is laying another trap to force the Tories into a position where they can be portrayed ... Comment?
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Some thoughts to help you with the taxman
Tax-planning should be a year-round activity, but even if you've been otherwise occupied this year, you still have time to save money on your 2009 taxes by using strategies like these. Comment?
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IRS offers tips for year-end donations
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Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Comment?
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GOP lawmaker: Va. gov tax boosts going nowhere
... with hard times assured for public schools and other state-supported ventures, Democratic Gov. Tim Kaine's bid to end tax breaks to help balance an underfunded budget will get nowhere in a Republican-run House of Delegates, the top GOP budget writer ... Comment?
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American Axle firm offers 14 million shares
... shares rose 42 cents, or 5.9%, to $7.57. The shares have more than doubled this year. The company plans to request a tax refund of $40 million to $50 million based on U.S. legislation that would let it "carry back" its 2008 operating loss as many as ... Comment?
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President Obama outlines new stimulus and job proposals
President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to "spend our way out of this recession." Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives ... Comment?
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Ohio seeks taxpayers with Swiss accounts
The Ohio Department of Taxation said Tuesday it will charge a 15 percent penalty on unreported income in Swiss accounts if taxpayers step forward by March 1, 2010. Comment?
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City tax increase pegged to 5%
After a week of to and fro debate, city council has hammered out its 2010 budget that maintains the 5% tax increase pledged earlier this year. Comment?
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Majority Leader's Office in the US Capitol
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... In fact, the legacy of the Bush Presidency is one of staggering record deficits created by the combination of generous tax cuts to the wealthiest of Americans and extraordinary spending increases for the military and homeland security departments, ... Comment?
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Piscataway man pleads guilty to tax evasion
... Service. Anthony Palmisano, 62, pleaded guilty before U.S. Magistrate Judge Patty Shwartz in Newark to one count of tax evasion. Palmisano was released on a $75,000 bond pending sentencing, which is scheduled for March 17. Palmisano, former owner of ... Comment?
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Charitable bodies seeking overseas donee status
... for using Cabinet criteria for determining an organisation's eligibility to have 'overseas' donee status in the Income Tax Act, which I am making available today for the information of organisations that request that status," Mr Dunne said. "Recent ... Comment?
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... a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient. "We ... Comment?
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Burgaw leaders approve the use of internet cafes
Sweepstakes parlors are popping up across the nation, providing customers a legal way to win some extra cash. Comment?
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Gordon Campbell: The Buckle Tax Review And A Risk Free Tax
December 9th, 2009 On current indications the Buckle Tax review will provide the final draft of their recommendations to the government just before Christmas - " to enable it to digest the content - " and then release the document to the public during the third week of January. Comment?
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U.S. President Obama speaks on the economy at the Brookings Institution in Washington
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... to remind people that he "inherited" a $1.3 trillion deficit when he took over as president in January. "Folks passed tax cuts and expansive entitlement programs without paying for any of it -- even as healthcare costs kept rising, year after year," ... Comment?
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