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.
January 10, 2013
Gov. Rick Scott wants taxes eliminated for new equipment to rev up manufacturing
On his way into the Vistakon manufacturing plant in Jacksonville, Florida Governor Rick Scott went past heavy equipment operators building a new parking lot for the expanding campus.
January 10, 2013
With rising state revenues, Texas legislature considering tax breaks
An unexpected boost in state revenue has prompted the state's Republican leadership to embrace the possibility of tax relief during the just-started 83rd Legislature, but critics of the idea say the money should first be used to restore state services that underwent deep cuts two years ago.
January 4, 2013
IRS expands eligibility for worker reclassification program
The IRS has announced a revision to its voluntary classification settlement program (VCSP) that provides partial relief from federal employment taxes for eligible taxpayers who agree to prospectively treat workers as employees.
Taxes January 2, 2013
Road Runner: U.S. Goes Over Fiscal Cliff, Spins Feet, Gets Back to Solid Ground
From Jan. 2013: After failing to reach a fiscal agreement and "stepping over the cliff," lawmakers figuratively spun their feet in the air, then reached an agreement.
December 31, 2012
Sales tax rises to 8 percent in Richmond County on New Year’s Day
Augusta, Georgia, shoppers will pay an extra penny on every dollar starting Tuesday as collections begin for a new sales tax to fund special transportation projects over the next decade.