taxes

Nelson to Albany: "Reinstate the New York City Commuter Tax"

TriciaLondon — Tue, 25 Nov 2008 12:41:12 -0600

Council Member Michael C. Nelson is caling on Governor Paterson and the State Legislature to reinstate the New York City “Commuter Tax”, a modest charge on non-residents who work in New York City and benefit from city services. If the tax was reinstated, it would generate approximately $500 million in revenue for the City.

IRS Accepting Applications for Low Income Taxpayer Clinic Grants

admin_huliq — Thu, 29 May 2008 06:38:05 -0500

National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.

Australian Taxation Office sends criminals tax bills

seher — Mon, 07 Apr 2008 12:55:43 -0500

Assistant federal Treasurer Chris Bowen says the Australian Taxation Office has sent out about $75 million in tax bills as part of an effort to make sure criminals are paying their fair share of tax.

Duke students continue free tax service to low-income taxpayers

admin_huliq — Tue, 25 Mar 2008 20:06:26 -0500

Duke Law students again this year will prepare tax returns at no cost to Durham residents who earned less than $35,000 last year.

IRS Has $1.2 Billion for People Who Have Not Filed a 2004 Tax Return

admin_huliq — Fri, 21 Mar 2008 09:35:01 -0500

Unclaimed refunds totaling approximately $1.2 billion are awaiting about 1.3 million people who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no later than Tuesday, April 15, 2008.

Hong Kong Slashes Taxes as Surplus Hits Record High

seher — Mon, 03 Mar 2008 10:46:10 -0600

Hong Kong has cut taxes after posting a record budget surplus and Malaysia Airlines is back in the black, posting a record profit for 2007. Claudia Blume in Hong Kong has more on these and other business stories from Asia.

SC Governor Proposes Flat Income Tax

admin_huliq — Fri, 29 Feb 2008 15:40:15 -0600

Governor Sanford of South Carolina Calls for Income Tax Rate Cut of 50 Percent. He proposes optional flat tax to be offset by cigarette tax increase.

IRS Will Send Stimulus Payments Automatically Starting in May

admin_huliq — Thu, 14 Feb 2008 10:24:54 -0600

In most cases, taxpayers will not have to do anything extra to get the tax rebate payments. Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate.

IRS Processing Tax Forms Affected by AMT Legislation

admin_huliq — Thu, 14 Feb 2008 10:19:12 -0600

Taxpayers can now file five affected forms as the Internal Revenue Service is now processing five tax forms affected by legislation involving the Alternative Minimum Tax (AMT).

H&R Block Net Income Tax Liability

admin_huliq — Thu, 14 Feb 2008 10:09:23 -0600

An economic stimulus plan expected to be signed this week by President Bush will provide most Americans with rebates of $300, $600 or $1,200 in 2008, plus $300 for each child, depending on their filing status, income and net tax liability.

Equipment Gets Faster Write-Offs Under Economic Stimulus Act of 2008

admin_huliq — Wed, 13 Feb 2008 18:49:43 -0600

Although the Economic Stimulus Act of 2008 is best (and most expensively) known for providing tax rebates for lower and middle income persons, businesses also received some tax benefits in terms of accelerated write-offs for new equipment purchases. Here are the details.

Tax and budget reform panel in Florida approves McKay sales tax proposal

admin_huliq — Fri, 18 Jan 2008 20:24:06 -0600

A committee of the Florida Taxation and Budget Reform Commission on Thursday gave first approval to a plan (CP 0002) that would mandate taxation of goods and services to buy down school property taxes, despite strong opposition from business groups concerned the measure would jeopardize Florida’s ability to compete for new business and industry.