taxes

Wil C. Fry

If You Win Tonight’s Powerball, Where You Bought Your Ticket Matters

The odds are that you are going to win tonight’s Powerball multi-state lottery drawing are very small. You’re more likely to be struck by lightning, or eaten by a shark. Still, that doesn’t stop people from paying $2 for a slip of hope. As long as you’re planning what you’re going to do with that money, you should keep in mind that where you buy a ticket matters for tax reasons. [More]

Mike Mozart

Verizon Wireless Customers In New York Are Receiving Surprise Checks: Here’s Why

If you’re a current or former Verizon Wireless customer in New York state, you may get a check in the mail soon from Verizon. It’s a refund of taxes paid on your wireless bill in the past, as far back as 2008. [More]

bluwmongoose

Which States Have Tax-Free Holidays, And When Do They Happen?

As families prepare to send their little ones back to school, they’re heading to malls, big box stores, and other retailers to fill their backpacks and closets. While many companies offer deals and programs targeting back-to-school season — we’re looking at you Target — many states are also offering their own deals in the way of sales tax-free weekends.  [More]

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]