taxes

Brett Neilson

Strip Club Claimed Dancers Were Therapists To Skirt $3.1M In State Taxes

It’s not uncommon for companies to try to finesse their way out of a hefty tax bill, but one Manhattan strip club tried a unique excuse when attempting to skirt $3.1 million in state taxes: Its dancers were providing therapy to customers, and not just entertainment. [More]

Eric BEAUME

Santa Fe Residents Vote Down $.02 Per Ounce Sugary Beverage Tax

Santa Fe residents have rejected a city proposal that would have added a $.02 per ounce tax to all sugar-sweetened beverages in the city, ending a heated battle between opposing organizations that spent at least $163 per voter trying to win people to their side. [More]

Adam Fagen

Don’t Have Time To Finish Your Tax Return? Here’s How To File An Extension

Thanks to the holidays, Americans got a few extra days this year to file their tax returns. But even with the later deadline, you might still be lacking free time to finish your return. In that case, you should request an extension for filing (which does not extend the deadline for paying your taxes). [More]

tuna bites

FAFSA Tool Vulnerability May Have Exposed 100K Individuals’ Personal Info

The Free Application for Federal Student Aid is a bit cumbersome, so the Department of Education tried to ease that burden by creating a tool that automatically filled in an applicant’s previous year’s tax information. That tool was suddenly taken offline last month over concerns about data security, and now we have some idea of how many applicants may have had their information exposed. [More]

Adam Fagen

IRS Will Begin Working With Private Debt Collectors This Month

The Internal Revenue Service has released additional details about its new program that turns certain delinquent accounts over to private debt collectors, giving us some idea of when these collection calls will begin, and how many accounts will be affected.
[More]

Mike Mozart

Coca-Cola, Pepsi Will Pull 2-Liters From Philadelphia Over Soda Tax

The recently enacted sugary drink tax in Philadelphia has not been without controversy, including a soda industry lawsuit, unhappy consumers, and push back from lawmakers. The two biggest names in soda are now making drastic changes to the products they offer — and the people they employ — and blaming it on the tax. [More]

(Joachim Rayos)

If You Use A Tax Preparer, Make Sure They Don’t Get Taken In By ‘Last-Minute Email’ Scam

Taxes can be complicated, and you may have last-minute tweaks to make as you pull together paperwork. Scammers are now taking advantage of this fact, posing as taxpayers to siphon away their annual refunds. [More]

Alan Levine

Reminder: You Can Still Cut Your 2016 Taxes By Making IRA Contributions

Looking for a way to cut your tax bill or boost your refund before you file? Don’t forget that contributions that you make to your retirement accounts between Jan. 1 and April 16 of this year can count toward either your 2016 or 2017 tax return. [More]

Highlights From The House Debate On Tanning Tax That Turned Into A Sideshow

Highlights From The House Debate On Tanning Tax That Turned Into A Sideshow

Among the lesser-discussed points of the Affordable Care Act repeal and replace legislation is a move to get rid of a 10% tax on the use of tanning salons. Why is this suddenly an issue, and how did it cause the House Ways and Means Committee’s discussion of the bill to devolve into a sideshow, complete with debates on the merits of ice cream and Spain’s tax on the sun? [More]

Nicholas Eckhart

Big Retail Chains Keep Playing Chicken With Their Tax Bills

If a strategy used by a national chain retailer works in one city or state, they’re certain to try it on others. The dark store strategy that has helped retailers in some areas slash their property tax bills by sort-of-but-not-really threatening to close is spreading, and has now reached Wisconsin. [More]

Alessandro Bonvini

Lawsuit: Woman Harassed After ‘Howard Stern Show’ Airs Her Phone Call With IRS Agent

You may remember the story of the Massachusetts woman who thought she was just talking to an Internal Revenue Service agent on the phone, when really, their private call — including her personal information — was being broadcast to listeners of Howard Stern’s radio show. She’s now suing both the IRS and the show. [More]

Adam Fagen

Taxpayers Have A Bill Of Rights Too

It’s tax season, which means you should be preparing your return or getting ready to do so, if only so an identity thief doesn’t get there first and file a fake return to swipe your refund. What you should remember as you file and if you encounter any problems with the IRS is that taxpayers have specific rights that apply to everyone. [More]

Phillip Pessar

Late Tax Refunds Could Mean Fewer People Watching Super Bowl On New TVs

The Internal Revenue Service recently announced that millions of tax refunds may be delayed this year as the agency tries to combat fraud. Some experts say this delay could have an unintended consequence: fewer new TVs tuned in to this Sunday’s Super Bowl. [More]

Mike Mozart

Auto Industry: Possible Border Tax Would Raise Prices, Even On American-Made Cars

Facing a possible new tax on imported goods, some of the biggest names in auto manufacturing and retail are calling on lawmakers to rethink the tax, claiming it will hurt their businesses and lead to higher prices. [More]

AJENT.MSG

Tax Season Is Now Open: Here’s Why You Should File ASAP

As of today, tax season is officially open! While you might want to file as early as you can if you’re expecting a refund, there’s also a very good reason why you should file as soon as you have your documents in order: to block overseas identity thieves from doing it first. [More]

bluwmongoose

Tax Proposal Could Result In Higher Prices On Toys

Lawmakers are currently mulling over a proposed tax code overhaul intended to reduce the tax burden on U.S. companies that could also have the net result of raising prices on the products those companies manufacture overseas, a change that could hit toy companies particularly hard. [More]

beebo wallace

Gas Prices Will Go Up In 7 States Starting Jan. 1

As if waking up on Jan. 1 after a few too many glasses of bubbly the night before isn’t painful enough, drivers in seven states will be starting off the new year with higher gas prices, thanks to new taxes. [More]

Adam Fagen

Apple Officially Appeals EU’s Decision On Back Taxes

Three months after Apple CEO Tim Cook called the European Union’s ruling that the company owes Ireland about €13 billion in back taxes political crap,” the tech giant officially filed an appeal against the decision, adding to the already years-long battle between the Commission, Apple, and Ireland.  [More]