taxes

J-J-W

Appeals Court: Sorry, Still No Soda Tax For You, Chicago

Cook County, which encompasses the city of Chicago and a bunch of its suburbs, passed a $.01 per ounce tax on sweetened beverages last year. The tax was supposed to go into effect on July 1, but a state judge put a temporary restraining order in place that keeps the tax from going into effect, though certain McDonald’s restaurants didn’t get the memo. Now a state appeals court has upheld the decision, leaving drinks untaxed for now. [More]

miss.libertine

Nevada’s Marijuana Stores Are Running Out Of Drugs And It’s Officially An “Emergency”

Days after Nevada became the fifth state in the U.S. to allow recreational marijuana stores, the drug has proved so popular, the state’s governor is pushing for a “statement of emergency” because dispensaries can’t keep up with the demand. [More]

Mike Mozart

Stopping Dark Stores: The Fight To Prevent Thriving Retailers From Being Taxed Like Vacant Lots

There’s a neat trick that big-box stores like Lowe’s have pulled off in some states. They claim that for tax purposes, their open, thriving businesses should be valued the same as empty property, so that they pay way less. In one state, though, a lawmaker being called back for a special session of the legislature is hoping he can end the practice locally. [More]

aresauburn™

Should You Move? See How Your State Gets Its Tax Money

Ever wonder where your state gets its tax money? Whether you’re thinking about moving or just want to know more about how your state’s government is funded, there’s a handy guide that breaks it all down. [More]

J-J-W

Seattle City Council Passes Soda Tax That Doesn’t Include Diet Drinks

Taxes on sweetened beverages are a hot new trend among cities, sweeping progressive spots like Philadelphia, San Francisco, Oakland, the Chicago area, Boulder, and now Seattle. Like other cities, Seattle will charge the tax at the distributor level, but it will not include “diet” drinks with non-nutritive sweeteners. [More]

Great Beyond

Colorado To Spend Marijuana Tax Money To Fight Addiction And Homelessness

The state of Colorado collected more than $100 million in taxes on retail recreational marijuana sales last last year. So what’s it going to do with all that extra cash? The governor’s new budget allocates that money for supportive housing, health screening in public schools, addiction treatment, and on regulating the cannabis industry. [More]

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]