Tax-free Internet shopping could be in jeopardy by a bill making its way through the Senate. The bill would allow states to require online retailers to collect state and local sales taxes for purchases made over the Internet and sent to the states where a shopper lives. The Senate voted 74 to 20 Monday to take […]
The Internal Revenue Service announced yesterday that it paid out $125 million to whistleblowers in 2012 and that was up from just $8 million last year. The IRS believes it had a lot to do with former banker Bradley Birkenfeld who blew the whistle on a firm who was helping wealthy Americans hide their assets […]
Although the House approved a last minute deal to avoid the fiscal cliff, most of Americans will still see an income tax increase. According to legislation most will end up paying more federal taxed in 2013 because nothing was done to prevent a temporary reduction in the Social Security payroll tax from expiring. Taxes […]
Unless Congress passes a budget by the beginning of year, everyone who pays taxes and some who don’t will feel the pain of paying more. Middle income families would have to pay an average of about $2,000 more a year, 3.4 million jobs would be lost, and the tax increases would be the steepest to […]
The agreement between the shopping gargantuan and Texas Comptroller Susan Combs was announced today, ending the state’s two-year effort to collect $269 million for uncollected…
So, courtesy of Jose Lambiet’s Gossip Extra, here are two noteworthy financial news items about Wade and teammate Chris Bosh, who might also play in London, that show they really need everything they can get: First, congrats to Bosh to his recasting the mortgage on his $12.5 million-mansion on Miami Beach’s North Bay Road! Still, […]
Wake County Human Services is informing people of free tax preparation sites.
WASHINGTON — In the ultimate cap to a year of last-minute, half-loaf legislation, the Senate voted overwhelmingly on Saturday to extend a payroll tax cut for a two months, with the chamber’s leaders and the White House proclaiming victory, even as they pushed the issue of how to extend the tax cut and unemployment benefits […]
A new CBS News poll shows that a majority of Americans want more taxes on rich people. Sixty four percent of Americans want more taxes on people making more than a million dollars a year, while 30 percent want the taxes on the rich to stay the same. The poll shows support for President Obama’s […]
Some NC taxpayers have received inaccurate notices stating they owe state taxes for 2008.
