Tax Information

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Small Businesses Filing Amended Federal Tax Returns to Recover Money


Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money by filing an amended return. According to the IRS tax code, you have three years from the filing date for the tax year in question to file an amended return. For example, if returns for the 2003 tax year were filed on March 1, 2004, the taxpayer has until March 1, 2007 to file an amended return. This same rule also applies if the taxpayer feels they have made errors resulting in a balance. Most business owners either prepare their business taxes themselves or have a tax preparer or accountant do them. With either method, the tax liability can be calculated as higher than it actually is because of missed deductions, unrecognized changes in tax laws or just plain being given bad advice. There are a number of applicable deductions which many tax preparers often miss from home office deductions to self-employed health insurance to personal assets converted to business use. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars. Another area, which causes many businesses to overpay, is being given incorrect advice by their tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer produces an average of 480 returns between February 1 and April 15, making it difficult for each return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Furthermore, in the IRS?s 2001 assessment of their own call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether a business owner does their taxes themselves and had to call the IRS for clarification on an issue or a CPA did, odds are the answer was not correct. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can, like all humans do, easily make a mistake. In 2002 alone, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. Another small business owner, Karen McClafflin, owner of home-based Secret Canyon Realty, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Why is it that when faced with a life-threatening surgery a second opinion is immediately sought after but, when trusting thousands or millions of dollars to an individual or entity, it?s done without question? Businesses must get a second opinion, whether it is done before or after the return is filed, to ensure they are not overpaying or simply to ensure their returns are accurate in all aspects. If not, they could be leaving thousands of dollars on the table.

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share


How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have overpaid because they are not required to but you can file an amended return for up to three years. Chances are, you either prepare your business taxes yourself or have your tax preparer or CPA does them. There a number of issues surrounding either tax preparation method, which can result in your tax liability being calculated as higher than it actually is including missed deductions, numerous changes in tax laws or being given incorrect advice. As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Another area, which causes many business owners to overpay, is being given incorrect advice by their CPA, tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer, prepares an average of 480 returns between February 1st and April 15th, that is a lot of returns in a relatively short amount of time which makes it difficult for your return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Moreover, in a poll of 50 professional tax preparers, consisting of 10 basic tax questions, none answered all 10 questions correctly and only 34 got at least half correct. This problem does not extend to just tax preparers or CPA?s. In the IRS?s 2001 assessment of their own 544 call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether you do your taxes yourself and had to call the IRS for clarification on an issue or your CPA did, odds are the answer was not accurate. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can easily make a mistake or, forget to use an exemption which could reduce your tax liability. If you have not yet filed your taxes, it is a good idea to get a second opinion from an independent source. The extra money and time spent in doing this could save you thousands. Look for someone or a company who: Has sufficient years preparing home-based business tax returns Prepares less than the average number of returns between January and April so that your return gets sufficient time and attention. Have had clients get a second opinion. In addition, talk to those clients to get there first hand insight. Is willing to pay for a second review of your tax returns to ensure accuracy. Is willing to take MSN?s online Tax IQ Test at http://moneycentral.msn.com/investor/calcs/n_taxq/main.asp. Although designed for consumers, this test contains basic tax information that even junior level tax preparers should know. Just as you trust a surgeon with your life, you trust this individual or company with your money and confidential information. Be highly selective and do not be afraid to put them through a rigorous qualification. If they are not willing to participate in your qualification then either they do not know their stuff or, your business is not that important to them. If you already filed your taxes or think you might have missed out on deductions, have been given bad advice or failed to take advantage of a tax law change which could reduce your liability for previous tax years, what can you do? The good news is that by law, the IRS is required, for up to three years, to review your returns and records as many times as needed to find errors. You have the same three years to get a second opinion and file an amended return. In fact, in 2002, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado Springs, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. You may worry that an amended return will trigger an audit however; the IRS itself admits this is not the case. In 2002 alone, 3.3 million taxpayers filed an amended return. The IRS is not the big, bad agency we used to know. In fact, statistics show that audits are down and continue to decline. Businesses throughout the U.S. overpay their taxes to the tune of billions each year and your money could be part of the billions that is overpaid. When it comes to your taxes, always get a second opinion to ensure you are not paying more than you should and, you can even hit pay dirt by looking back.

Alas! In E-Commerce Taxland


In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.

Rearrange Your Affairs For Maximum Tax Savings


One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune!

Organizing Your Taxes


Does this scene sound familiar? It?s April 7. You haven?t seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it. Your head pounds and your stomach churns as the countdown to April 15 begins.

Seven Key Tax Deductions for the Self Employed


As a sole proprietor, it?s wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.

How To Set Up A Tax-Saving Bookkeeping System


One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system. And, because very few people know much about the reasons for a bookkeeping system, most people are frightened by the thought of the work involved in setting up such a system, and the drudgery of daily maintenance.

Knock-Knock-Knock


Knock-Knock-Knock

How to Reduce the Estate Tax Using the A-B Revocable Living Trust


In a past article I relayed the plight of the widow who stated:

Keeping Your Own Money ? NOT Handing It Over To The Taxman


Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, usually in one of two mistaken beliefs. Either:

Tax Reform, My Way


We need real tax reform and we need it now. Previous attempts have been made at tax reform, but they have only provided band-aid solutions that have still left us with too many quirks, complication, and read tape. There are several things Congress could do to simply the tax system and benefit the taxpayers and federal budget at the same time.

Surprising Truths About Tax Preparers


Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.

Navigating The Internet Sales Tax Laws


QUESTION: I have been contacted by my local city government to say that my business is scheduled to be audited to determine if I owe any sales tax from items purchased on the Internet. Can they really make me pay this tax? I thought you could buy things online tax free? -- Katie R.

Home Based Business Tax Deductions


Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.

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The Golden Age of Rich People Not Paying Their Taxes  The Atlantic

An eight-year campaign to slash the IRS's budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a ...


Kansas, Missouri have high taxes on cell phones, report says  The Wichita Eagle

Kansas, Missouri and Nebraska all ranked high in a report tracking tax rates on wireless *service*.


Ways to save on your taxes  FOX 59 Indianapolis

Talking about your money matters today with Jordan Schwartz from Strategic Wealth Designers. We're talking taxes toward the end of the year and how to keep ...


Climate change: Protecting the poor from green taxes  BBC News

As President Macron caved into the yellow vest fuel tax protests, President Trump was triumphant. The French humiliation showed people rejected the sort of ...


0%: The correct corporate tax rate | TheHill  The Hill

If many corporations are already effectively paying nothing in taxes, why bother with an official tax rate?


Illegal Tax Moves to Avoid | Taxes  U.S News & World Report Money

It may seem like a harmless fib, but lying on your taxes can result in fees, interest and penalties.


Hired a nanny this year? Claim this tax credit for 2018  CNBC

As you prepare your tax documents for the end of the year, remember to get right with your nanny. That's because if you're paying her under the table, you won't ...


Altoona taxes to drop | Front Page  Leader-Telegram

Homeowners in Altoona will receive an early Christmas present in the form of lower property tax bills, thanks in large part to the largest lottery credit in state ...


Columbus City Council approves ticket taxes and Crew deal  The Columbus Dispatch

After much debate for the past several months, the Columbus City Council voted 6-0 to adopt two 5 percent ticket taxes to fund the arts and improvements to ...


French Riots Really Aren't About Global Warming — They're About Tax Heavy Socialism  Investor's Business Daily

Noisy demonstrations in Paris and other European aren't merely about global warming. They're about the growing tax burden they face and the EU's socialism.


Want to pay less in taxes? Here are last-minute tax tips for 2018  NJ.com

AS the year comes to a close, make sure you know what changes to expect under the new tax plan - before it's too late.


How State Taxes Could Affect Where Bryce Harper and Manny Machado End Up  Sports Illustrated

Manny Machado and Bryce Harper face enormous decisions about their baseball futures, but how might state taxes steer their final free-agent decision?


Californians Face Tax Deadlines After Devastating Fires  NPR

Property taxes are due in California Monday. In Butte County, people who lost their homes to fire are rushing to defer taxes and get their property reassessed.


What Are the 2019 Tax Brackets?  Motley Fool

Here's a look at the tax brackets for 2019 and what they could mean to you.


7 year-end tax tips to boost your refund  CNBC

The new tax law has put a whole new spin on year-end tax planning, though it hasn't eliminated the need to do it altogether. "The tricks we had in our back ...


It May Be Time to Stop Itemizing Your Tax Deductions  NerdWallet

The standard deduction nearly doubled for 2018, leaving many taxpayers wondering whether itemizing tax returns is worth the effort anymore. Tax pros share ...


Do the tax law changes help or hurt you? A new calculator can help you find out  USA TODAY

As if tax time isn't confusing enough, filing in 2019 will be even more baffling following the new law that significantly changes how federal taxes are calculated.


Taxes could present 'significant problem' for Trump, says ex-federal prosector | TheHill  The Hill

Former federal prosecutor Gene Rossi on Monday said that taxes could present significant legal hurdles for President Trump after federal prosecutors in New ...


Do NJ voters secretly want to pay higher taxes?  New Jersey 101.5 FM Radio

You'd think that asking if rioters actually want higher taxes would be a crazy question to ask with an obvious 'no' answer. However, that's not the case in NJ, well ...


Paris Is Burning Over Climate Change Taxes -- Is America Next?  Forbes

The bottom line is this: economic freedom—the kind you get with a large middle class—leads to prosperity, economic growth, and technological innovation.


'Our taxes are out of control': Divided Oak Park board approves 2019 budget  Chicago Tribune

The village of Oak Park approved its 2019 village budget on Dec. 10, a budget that will increase the village's portion of a residential property tax bill by 3 percent.


House Republicans Recast Tax Bill, Seeking New Momentum  The Wall Street Journal

House Republicans reshaped their tax bill, trying again to build momentum for a plan that has struggled to gain support in both chambers of Congress.


Why greens are turning away from a carbon tax  POLITICO

Putting an economic price on greenhouse gases is proving a hard sell with the public, even as time to head off climate change shrinks.


UBS report: Many Americans should expect bigger tax refunds in 2019  Business Insider

The new GOP tax law went into effect at the start of 2018, and a UBS analysis suggests it could have a big impact on federal tax refund checks.


Hammered for rising property taxes, Ald. Tom Tunney runs for political cover  Chicago Sun-Times

Some long-term Lake View residents say they are being punished for working hard to revive their neighborhood, Ald. Tom Tunney (44th) said.


NJ marijuana legalization: What will NJ get from legal weed taxes?  Asbury Park Press

While New Jersey marijuana legalization may be inching loser to reality, legal weed taxes are not likely to create a revenue windfall.


Property taxes climbing, but needs are many, activists say  Star Tribune

Property taxes are rising, and objections are being raised, but in St. Paul and Minneapolis, criticism has come with a twist. Jeffrey Strand, a longtime activist in ...


Why Low-Code Is The Secret To Enterprise Tax Transformation  Forbes

Retailers' tax function is so complex because it is so multifaceted: from sales and VAT tax calculations at the point of sale to tax reporting for shareholders to ...


Murphy and N.J.'s top D.C. Democrats met, talked property taxes, health care and other big issues. Then came a little surprise.  NJ.com

A majority of New Jersey's soon-to-be Democratic-heavy congressional delegation elected in the Trump midterm huddled behind closed doors Monday with Gov ...


6 last-minute tips that will trim your 2018 tax bill  CNBC

Before you break out the Champagne, take a look at these six strategies that could help you trim your 2018 tax bill — as long as you act before Dec. 31.


Modesto City Council approves tax rate for marijuana retailers  The Modesto Bee

The City Council in Modesto, California, has approved a tax rate for cannabis retailers and other marijuana businesses, including distribution, microbusiness, ...


Pay Your Taxes In Bitcoin, Trigger Tax Losses On Price Drop Too  Forbes

With Bitcoin and other crypto prices down again, many holders don't want to sell. But if you owe taxes, how about paying them in Bitcoin? Selling now may ...


All the Taxes in France  The Wall Street Journal

Even before the fuel tax, France had the highest burden in the West.


UK Parliament Member Wants You to Pay Your Taxes with Bitcoin  CCN

Eddie Hughes, a member of Parliament in the United Kingdom, wants locals to be able to pay their taxes with bitcoin, the largest cryptocurrency.


How Much In Taxes Will I Owe When Selling My Home?  Forbes

Will you owe capital gains taxes when selling your primary residence? Is selling a home tax free? We walk you through what you need to know before selling a ...


HSP seeks volunteers for tax preparation program  Carroll County Times

Human Services Programs of Carroll County, Inc., is looking for volunteers to help expand its free tax preparation program in the new year.


Macron Announces Measures to Placate Protesters  The Wall Street Journal

French President Emmanuel Macron vowed to boost the minimum wage and cut taxes on some pensioners in an attempt to placate “yellow vest” protesters who ...


For $8.41 in Unpaid Taxes, the Government Took Uri Rafaeli’s House  The Wall Street Journal

How Michigan misuses a procedure meant to target pirate ships and drug lords' mansions.


How high are wine taxes in Alabama?  AL.com

Alabama's has one of the highest excise taxes on wine in the country, according to the Tax Foundation.


The 13 N.J. counties where undocumented immigrants pay the most in taxes, ranked  NJ.com

Though they are living here illegally, undocumented immigrants are paying millions in taxes, according to estimates.


Point Pleasant Beach Considers Airbnb Tax  Point Pleasant, NJ Patch

Point Pleasant Beach officials are considering imposing a tax on airbnbs. Point Pleasant Beach introduced an ordinance last month that would impose a 3 ...


Leaving an IRA to a loved one? How to avoid a tax bomb  CNBC

You wouldn't trust your toddler with a pile of cash, right? Well, this estate-planning technique may allow you to safely pass your IRA on to future generations — if ...


Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market  CCN

In October, Japan hinted its plans to ease the process of taxing crypto investments to refrain from impractical policies affecting the local market.


1 Smart Tax Move to Make in December 2018  Motley Fool

Most of the provisions of the tax reform bill that passed in late 2017 took effect at the beginning of this year. Between new tax rates and brackets, expansions of ...


Divorcees can save on taxes — if they take this one step  CNBC

If you're planning on shedding weight in 2019 — in the form of your soon-to-be ex — be sure you understand this tax-planning benefit. Why the "head of ...


Six months after Kate Brown’s special session tax cut, she’s ready to scrap part of it  OregonLive.com

A month after she won re-election, Gov. Kate Brown is calling for lawmakers to partially undo her 2018 special session tax cut and significantly trim the broader ...


Shamari and Ronnie DeVoe admit owing $366,000 in back taxes to IRS  Atlanta Journal Constitution

Originally posted Sunday, December 9, 2018 by RODNEY HO/rho@ajc.com on his AJC Radio & TV Talk blog. Earlier this month, RadarOnline broke the news ...


Tinley Park OKs tax break for new owners of Holiday Inn hotel  Chicago Tribune

Tinley Park has approved the initial property tax abatement for the new owners of the village's Holiday Inn, part of a larger package of incentives worth $4 million.


10 Smart Steps to Minimize Taxes and Penalties on Your RMDs  Kiplinger's Personal Finance

Here are 10 smart RMD moves to help you minimize taxes, meet deadlines and avoid penalties when you make these mandatory withdrawals from your ...


The Tax Cuts And Jobs Act: 3 Changes You Should Know  Forbes

Tax season is coming more quickly than you might think — has the Tax Cuts and Jobs Act affected you? Read here to discover more!


Lafayette Parish voters approve charter change, reject taxes  KATC Lafayette News

Yesterday, voters in Lafayette Parish voters approved a change to the city-parish charter, but rejected efforts to improve insurance rates with better funding for ...


Sitting on $11 million? Give it away to save on estate taxes  CNBC

For the ultra-wealthy, it just might make sense to give a few million dollars away. That's because this strategy helps you reduce your taxable estate. Here's what ...


Treasury Softens Parking-Tax Hit for Churches, Nonprofits  The Wall Street Journal

Under new rules, nonprofits can use any reasonable method to calculate costs used in computing employee-parking taxes.


Paying Taxes Wisely: A Fresh Look at Tax-Efficient Withdrawal Strategies  Kiplinger's Personal Finance

Sometimes it pays to go against conventional wisdom. Here are two ways to possibly reduce taxes in retirement while extending the life of your nest egg by ...


It may be time to stop itemizing your taxes  Yahoo Finance

Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for ...


5 Retiree Tax Tips for 2018 | Retirement  U.S. News & World Report

These tax changes could affect your retirement income.


How one maverick lawmaker almost cut your property tax bill — until another one made his own deal  Buffalo News

When members of the Erie County Legislatures Republican-supported minority struck a deal with a maverick Democratic lawmaker, they thought they would ...


Sherrod Brown’s tax math on GM moving to Mexico  The Washington Post

The senator from Ohio said GM's tax rate would be cut in half if it moved its Lordstown plant to Mexico. That's open to interpretation.


‘Yellow Vest’ Protests Shake France. Here’s the Lesson for Climate Change.  The New York Times

There is little doubt among scientists and economists that carbon taxes are needed to reduce fossil fuel dependence. The question is how to design them to ...


Going Through Divorce? Start These 3 Steps Today To Save On Taxes  Forbes

The Tax Cut and Jobs Act eliminated the alimony deduction for divorces after 2018. The new law will mean less money for expenses of the two household.


Here’s why your 2019 property tax bill is so high  St. Paul Pioneer Press

If you're a homeowner with sticker shock over your most recent tax bill, you are not alone. Homeowners are getting hit with a double-whammy on their proposed ...


Make the Most of Potential Tax Deductions Under the New Tax Law  Kiplinger's Personal Finance

With some year-end planning, you may still find it worthwhile to file an itemized return to lower your 2018 tax bill.


Republicans are taxing churches to help corporations. Really.  The Washington Post

Republicans tax churches to help pay for big corporate giveaway. You would be forgiven for thinking this is a headline from the Onion or the fantasy of some ...


Shakira Reportedly Facing Charges for Tax Fraud  Complex

A year-long investigation has led to the Spanish government claiming that Shakira will face criminal tax fraud charges.


Justin Trudeau’s Carbon Tax Push Finds Critics on All Sides  The New York Times

A conservative shift in Canada's provinces has opened a new battle over carbon pricing, threatening one of the prime minister's goals. But that is not the only ...


The Bush Tax Betrayal  Townhall

The eulogies for George H.W. Bush keep rolling in, and a great American hero's life has been given proper tribute..12/11/2018 11:59:18AM EST.


Why pro athletes may lose a fortune because of the new tax law  MarketWatch

CPAs who work with athletes say they can no longer get full deductions for state and local taxes — or for itemizing.


Herbert proposes $200 million tax cut — but also new taxes to 'broaden' Utah's shrinking tax base  Deseret News

In a year with more than $1 billion in new state revenue, Gov. Gary Herbert is proposing a $200 million sales tax cut to help Utahns keep more money in their ...


Louisiana Supreme Court: 2015 tax break change unconstitutional  NOLA.com

The law scaled back an income tax break Louisiana allows for taxes paid to other states.


France Suspends Fuel Tax Increase That Spurred Violent Protests  The New York Times

PARIS — Trying to quell its most serious political crisis, the government of President Emmanuel Macron announced on Tuesday that it would suspend the ...


Stadium taxes: You'll pay more for Reds, Bengals stadiums  Cincinnati.com

Once again, Hamilton County leaders broke a promise.


10 Tax Moves to Make Before 2019  The Motley Fool

With 2018 rapidly drawing to a close, this may be your last chance to make some key tax moves.


5 tips for saving money on your 2018 tax bill  USA TODAY

With the changes in tax law approved last year, here are some things to do -— and not do — by Dec. 31 to save money on your taxes.


Proposed foreign tax credit regulations issued  Journal of Accountancy

The IRS issued proposed regulations on the determination of the foreign tax credit after the changes in the law made by the Tax Cuts and Jobs Act.


What the Amazon tax breaks really mean  Vox.com

I think the easiest way to understand Amazon's HQ2 and the specific question of cities handing out tax subsidies is to abstract away from the particular details of ...


House Republicans unveil new version of tax bill  MarketWatch

House Republicans reshaped their tax bill on Monday, trying again to build momentum for a plan that would tie up loose ends in tax policy but that has struggled ...


Broadalbin residents outraged about potential tax hike  WRGB

BROADALBIN, N. Y. (WRGB) - A sudden spike in taxes has Broadalbin residents concerned and questioning why many of them will be paying nearly triple what ...


These two accounts will ramp up your tax-free income in retirement  CNBC

Shave down your tax bill in the future by funding these two savings accounts in the present. Employees are likely familiar with the traditional 401(k), an account ...


Sorry France, but fuel taxes are a bitter pill we must all swallow  New Scientist

The reversal of France's fuel tax sends a worrying message to world leaders meeting this week in Poland to firm up climate commitments, says Olive Heffernan.


In eulogy, Alan Simpson praises George HW Bush for raising taxes  Washington Examiner

Former Wyoming Sen. Alan Simpson on Wednesday used his eulogy of George H.W. Bush as an opportunity to praise the former president for agreeing to raise ...


Hundreds of Thousands in France Protest Taxes by Blocking Roads  The New York Times

The country's “Yellow Vest” movement demonstrated nationwide, blocking roads and roundabouts, to register anger about fuel taxes and the loss of purchasing ...


Tax changes make "ABLE" savings accounts even more valuable for people with disabilities  CBS News

Tax changes give eligible people with disabilities several ways to put additional money into these special accounts.


Westchester lawmakers approve $1.9B budget, 2 percent tax increase  The Journal News | LoHud.com

Plan relied on $23M from a complex and incompleted plan to sell Westchester County Center parking lots.


The “Tax the Rich” Delusion of the Democratic Left  The Daily Beast

Ever hear anyone on the left spell out exactly how they're going to pay for Medicare for All, free college, and all the rest? Didn't think so.


Guns and Taxes  NRA ILA

David Hogg wants a federal tax on firearms and ammunition. He has repeatedly broached the idea, including multiple times on Twitter, and only sometimes ...


Why Charitable Trusts Rule Under The New Tax Law  Forbes

Got a concentrated position of highly appreciated stock? Turn it into guaranteed income for your family—and a gift to your favorite charities—with a charitable ...


Construction resourcing boss banned for failing to pay correct taxes  GOV.UK

Boss of Bolton-based company that supplied construction workers has been disqualified for seven years for failing to declare all the company's tax liabilities.


Letter from Africa: How to get Ghanaians to pay their taxes  BBC News

Ghana's government should ban funerals for people who refuse to pay taxes, writes journalist Elizabeth Ohene.


Six tax deductions you'll lose on your 2018 return  CNBC

If you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That's because the Tax Cuts ...


Kirkland business owner gets 5 years for tax evasion  KOMO News

SEATTLE (AP) — A Kirkland businessman has been sentenced to five years in federal prison for a long-running tax-evasion scheme. The U.S. Attorney's Office ...


Idaho tax revenues continue to fall short, creating ‘unusual’ challenge for lawmakers  Idaho Statesman

Idaho is on track to have roughly $63 million less in tax revenue than budget forecasters predicted, with general fund revenue collections for the month of ...


Tax revenue from legalized marijuana eyed for subway repairs  Curbed NY

The legalization and taxation of marijuana could garner $670 million annually for New York that could help fund subway repairs.


Your next Uber, Lyft ride could be more expensive thanks to tax bill | WSB-TV  WSB Atlanta

ATLANTA - Ride-hailing companies like Uber and Lyft could be on the hook for tens of millions of dollars as a tax dispute with the state heads to court.


Two Boots Seized for Unpaid Taxes at Yet Another Location  Eater NY

The Hell's Kitchen location of Cajun-ish pizza chain Two Boots has closed after being seized by the state for unpaid taxes — the fifth location nationwide to have ...


NBC 10 I-Team: Another RI funeral home hit with tax bill  Turn to 10

The owners of another Rhode Island funeral home told the NBC 10 I-Team they've been hit with a hefty tax bill, following a series of audits on funeral homes ...


How single folks should handle estate-tax planning under the new tax law  MarketWatch

The hugely increased estate and gift tax exemption is indeed a tax cut for the rich.


Telford approves tax increase | News  Montgomery Newspapers

TELFORD —Telford Borough Council members unanimously voted to adopt a tax ordinance that will increase taxes by 4.1 percent at their Dec. 3 meeting.


Crowded agenda, including ticket tax, $15 minimum wage tax-incentive rule, set for Monday Columbus City Council meeting  The Columbus Dispatch

A proposal tying tax incentives to at least a $15-an-hour wage requirement is just one of a number of items to be decided by the Columbus City Council on ...


Cook County 2018 property tax bills online now  WLS-TV

Cook County Treasurer Maria Pappas says property owners can start get an early start on paying their 2018 taxes.


Wanted: a fair carbon tax  Nature.com

Unrest in France at a rise in fuel prices highlights how the necessary transition to a clean economy must be carefully managed.





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