April 18, 2014
Attempting to establish residency elsewhere -- especially in such states as Nevada, Texas and Florida that have no income or estate tax -- is not a new strategy for wealthy Minnesotans. But the creation of the new, higher top income bracket has raised the stakes.
April 18, 2014
A new Wisconsin law expanding tax exemptions for updating agricultural businesses such as feed mills "essentially levels the playing field for local companies and farmers," said Senate co-sponsor Jennifer Shilling, D-La Crosse.
April 17, 2014
The sponsors of a bill to legalize marijuana possession in Rhode Island said Wednesday that the decades-old war on drugs has failed and that regulation is the answer.
April 17, 2014
Advocates of raising the minimum wage in Oklahoma City will continue collecting initiative petition signatures, Tim O'Connor, president of the Central Oklahoma Labor Federation, said Wednesday.
April 17, 2014
Nonprofit cloud software provider Aplos Software LLC has raised two million dollars in new funding, the company announced on Wednesday. It plans on using the funding to expand the Aplos nonprofit software suite and to open it to API integration. T
April 16, 2014
Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees…
April 16, 2014
Accounting offices across the country have started transitioning to offices that allow staff to work anywhere, anytime. This has led to many professionals “burning the midnight oil” to get more done at a time when everything else slows down.
April 15, 2014
It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.
April 15, 2014
By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.
April 15, 2014
But with income tax refund identity theft rapidly becoming a scourge, is the less than 300 cases for 2014 keeping up or even putting a dent in the epidemic? After all, in 2013 alone, there were 33,000 claims of identity theft just in Florida, one of the hardest hit states because of the abundance of…
April 14, 2014
April 15 is a day away and for the millions of American taxpayers who expect or have already filed and received a refund there's some surprising news. More than two thirds have decided to save their refund.
April 14, 2014
Before student athletes begin celebrating the recent decision by the National Labor Relations Board (NLRB) that college football players should be classified as university employees, they might consider this extra point: Players could be hit with an unexpected tax bill on their scholarships.