January 22, 2013
29 year-old CPA is youngest in U.S. Congress; 10 CPAs Now in Congress
There are 10 Certified Public Accountants serving in Congress.
January 18, 2013
Florida diner owner accused of not filing sales tax returns since 2009
The owner of Celebrity Diner in Royal Palm Beach, Florida, was arrested Wednesday, after police said she failed to file consecutive tax returns dating back to 2009.
January 18, 2013
Ohio Business Matchmaker Conference pairs suppliers, buyers
The Ohio Business Matchmaker Conference is like "speed dating" for small business owners looking for potential contracting opportunities.
January 18, 2013
Florida workers feel effect of end of payroll tax cut
A Social Security tax break that was extended to Americans is officially over. The two percent tax break expired in January at the wishes of the US Congress.
January 17, 2013
Texas business group calls for business tax relief
The state's largest business lobbying group jumped on the tax relief bandwagon Wednesday, calling for cutting the franchise tax rate as well as extending the $1 million small-business tax exemption to all Texas businesses.
January 16, 2013
Proposal would exempt family businesses from Pennsylvania inheritance tax
The state's inheritance tax can leave heirs scrambling to cover a tax bill. And many end up selling the business or taking out costly loans.
January 16, 2013
St. Louis halfway house resident helped tax scam, IRS says
Jan. 14–ST. LOUIS — A man confined to a St. Louis halfway house on a federal crack cocaine charge helped a Florida woman cash out the proceeds from her $1.4 million tax scam, officials said Monday. Federal prosecutors on Monday charged Jason Bibbs, 27, with conspiracy to commit false claims. In the affidavit accompanying the...…
January 15, 2013
Payroll tax would elicit some cash from large Pittsburgh nonprofits
State Sen. Jim Ferlo added a new wrinkle Monday to the debate about whether nonprofits in Pittsburgh should pay for public services when he proposed a 0.4 percent payroll preparation tax.
January 14, 2013
Connecticut couple charged with evading taxes for 18 years
A husband and wife from Brooklyn, Conn., have been charged by federal prosecutors with conspiracy to defraud the Internal Revenue Service and four counts of tax evasion.
January 12, 2013
Pennsylvania Income Tax E-Filing Underway
Pennsylvania residents who file personal income tax returns were able to begin filing electronically for the 2012 tax year this week, despite the delay until Jan 30 for federal 1040 returns. Taxpayers using the combined Federal/State e-file service will need to wait until the end of the month.
January 11, 2013
National taxpayer Advocate focuses on tax reform, ID theft, IRS funding
The IRS's National Taxpayer Advocate Nina E. Olson released her 2012 annual report to Congress on Wednesday, identifying the need for tax reform as the overriding priority in tax administration.
January 10, 2013
California reports budget surplus
After more than a decade of financial strife, teacher cutbacks, employees paid with IOUs and the recall of one governor, California Governor Jerry Brown unveiled the state's latest finances. The surprise for many: A budget surplus of about $851 million.