Expanded tax breaks for money-losing companies AP (November 05, 2009) (AP) - The Senate has voted to expand a tax break for money-losing companies as part of a bill to extend and expand a tax credit for homebuyers and unemployment benefits for people without jobs for more than a year. How the business tax break would work:
Congress giving homebuyers a big new tax break AP (November 05, 2009) WASHINGTON (AP) - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.
How to apply for homebuyer tax credit AP (November 05, 2009) (AP) - The Senate has voted to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30. The House is expected to schedule a quick vote on the bill, part of a package that also extends unemployment benefits for people out of work more than a year. How the homebuyer tax credit would work:
Hindus, yoga teachers question US sales tax AP (November 05, 2009) ST. LOUIS (AP) - Yoga practitioners are criticizing a Missouri sales tax that applies to yoga classes, claiming they should be exempt because the lessons include spiritual elements.
Study: Alabama income tax on working poor harshest AP (November 04, 2009) MONTGOMERY, Ala. (AP) - A national study released Wednesday showed Alabama makes families living in poverty pay higher income taxes than any other state.
NM governor: Tax increase inevitable next year AP (November 03, 2009) SANTA FE, N.M. (AP) - Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems.
Report: Goldman Sachs looks to buy tax credits AP (November 02, 2009) NEW YORK (AP) - Wall Street giant Goldman Sachs Group Inc. is reportedly in talks to buy tax credits from Fannie Mae, a government-controlled mortgage financier.
Health care plan hits rich with big tax increases AP (November 02, 2009) WASHINGTON (AP) - The typical family would be spared higher taxes from the House Democratic plan to overhaul health care, and their low-income neighbors could come out ahead.
Flex spending accounts face hit in health overhaul AP (November 02, 2009) WASHINGTON (AP) - Those tax-free spending accounts that you and your co-workers use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress - unless a coalition that includes a powerful union, insurers and others can stop it.
Toy salesman gets 3 months jail in UBS tax probe AP (October 30, 2009) FORT LAUDERDALE, Fla. (AP) - A federal judge Friday rejected a plea for probation from a New York businessman who admitted concealing $8 million in secret Swiss bank accounts, imposing instead a three-month prison term in the high-profile tax evasion case.
ND lawmakers exploring property tax credits AP (October 30, 2009) BISMARCK, N.D. (AP) - State lawmakers are exploring whether to give most North Dakota homeowners the benefit of a property tax credit normally reserved for seniors and people with disabilities.
Feds file suits over $562 million bogus tax claims AP (October 28, 2009) WASHINGTON (AP) - Federal authorities have filed lawsuits against seven people accused of promoting a bogus tax return scheme seeking a total of $562 million in refunds.
Ind. Republicans want to delay jobless tax hikes AP (October 28, 2009) INDIANAPOLIS (AP) - The state should delay unemployment tax increases on businesses from 2010 to 2011 to help companies retain workers and possibly wait long enough for a federal bailout, Republicans who control the Indiana Senate said Tuesday.
UBS ex-client seeks leniency for tax conviction AP (October 28, 2009) MIAMI (AP) - A wealthy accountant is seeking a lenient sentence for his cooperation in the U.S. tax evasion investigation into Swiss bank UBS AG.
3 plead guilty to tax charges in horse scheme AP (October 27, 2009) PORTLAND, Ore. (AP) - Federal authorities say three men have pleaded guilty to conspiracy charges in a scheme that allowed wealthy people to get tax benefits from investments in thoroughbred horse breeding.
Finances of tax credit extension are questioned AP (October 21, 2009) WASHINGTON (AP) - Key congressional leaders want to extend the tax credit for first-time homebuyers beyond its scheduled end-of-November expiration despite complaints of fraud and Obama administration concerns about the costs.
'Survivor' star Hatch ends federal tax sentence AP (October 16, 2009) NEWPORT, R.I. (AP) - "Survivor" winner Richard Hatch was released from a Massachusetts jail early Friday after completing a federal sentence for evading taxes on the $1 million he won during the CBS reality show's first season.
Interest groups battle to deflect health taxes AP (October 14, 2009) WASHINGTON (AP) - Insurance companies, unions, medical device makers and others in the health care industry are furiously lobbying lawmakers to shift burdens onto someone else - anyone else - before they find themselves saddled with billions of dollars in taxes under new health care legislation.
J&J: Planned tax on medical device makers too high AP (October 13, 2009) TRENTON, N.J. (AP) - Johnson & Johnson executives said Tuesday a proposed tax on medical device makers, part of the health care reform package moving in the Senate, is too high and could cost jobs in the industry.