Here’s something you might have missed — there could soon be a new tax on your broadband Internet service, if the Federal Communications Commission has its way. The proposed tax would go toward ensuring more people have access to the Internet, along the lines of the taxes already consumers pay for landlines and cellular phone service. [More]
The FCC Thinks It Might Want To Start Collecting Taxes On Broadband Internet Service
By August 27, 2012
The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes
By August 16, 2012
Once again, it’s time for the annual Institute for Policy Studies report on which top CEOs are earning more money than the companies they work for are paying out to federal government in taxes. [More]
1994 Tax Billing Error Forces Woman Into 5-Year Legal Battle To Save Her House
By July 2, 2012
Back in 1994, a Georgia woman received two county tax bills in the mail — one addressed to her, and a second addressed to a man with the same, incredibly common last name, but whom she’d never heard of and whose address was invalid. She paid off the former immediately and ignored the latter. Little did she know that, 13 years later, this goof by the county would land her in court trying to save her house from being taken away from her. [More]
Illinois Judge: Law Requiring Amazon To Collect Sales Tax Is Unconstitutional
By April 26, 2012
Last year, Illinois joined the ranks of states passing laws requiring Amazon and other online-only retailers to collect sales tax on purchases by that state’s residents. Yesterday afternoon, a judge in Cook County, IL, surprised a lot of people by ruling this law violates the U.S. Constitution. [More]
Trimmed-Down IRS Staff Means Fewer Audits This Year
By April 17, 2012
We certainly don’t want to give comfort to tax cheats — and we’re not trying to imply that any of our beloved readers are anything less than honest when filing their tax returns — but for those who dread a random audit, there’s some good news: Budget and staff cuts at the IRS will likely mean fewer audits. [More]
Help! My Employer Folded And Now I Can't Get A W-2
By February 9, 2012
As you might have noticed, a number of companies have shut their doors over the last few years. Making matters worse for the former employees of some of those businesses is that they still have to file their tax returns — but no one wants to give them a W-2. [More]
Citi Says Those Free Rewards Miles You Received Are Taxable
By January 24, 2012
If you received a bunch of miles from Citi for signing up for one of the bank’s credit cards or rewards-earning accounts, be on the lookout for a 1099-Misc tax form coming in the mail, as Citi has decided that these miles have a taxable value. [More]
Delta, Continental, Others Jack Up Fares After Federal Tax Takes Vacation
By July 25, 2011
As we reported last week, the inability for Congress to come to terms on a bill that would extend the FAA’s operating authority means that airlines are not currently charging federal taxes on airfares. But if you’re not seeing any difference in the final price of your ticket, that’s because most airlines have increased their fares since Saturday. [More]
Potential FAA Shutdown Could Mean Tax-Free Airfares For Travelers
By July 22, 2011
Unless Congress can hammer out their issues over extending the FAA’s operating authority by midnight tonight, 4,000 agency employees will be temporarily out of a job, but travelers will be able to but airline tickets without paying federal taxes. [More]
Beer Company Says It Will Come To Rescue Of Man Who Caught Derek Jeter's 3,000th Hit
By July 13, 2011
The saga of the NY Yankees fan who caught — and then gave back — the baseball Derek Jeter knocked out of the park for hit number 3,000 continues. First, the team rewarded the fan with memorabilia and luxury box tickets for the rest of the season. Then came reports that he could be on the hook for thousands of dollars in taxes for the freebies. Today he got some potentially good news, as the folks at Miller High Life say they’ll foot the bill for any potential tax liability the guy might have. [More]
