(Jamie)

Pfizer, Allergan Call Off $160B Mega-Merger

Five months after Pfizer and Allergan announced they would combine households to create the world’s largest drug company, the betrothed say the wedding is being called off.  [More]

(GotCredit)

Unregulated Preparers, Lack Of Disclosures & Costly Financial Products Put Your Tax Refund At Risk

Each year during tax time millions of consumers put their financial future in the hands of strangers, trusting that these tax preparers — who are largely unregulated — know the rules, will get them the best possible result (hopefully a refund), and won’t sell them on a product that costs more than it’s worth. But in the world of complicated tax codes and credits, consumers continue to face a long list of risks, including untrained preparers, undisclosed fees, and dangerous refund anticipation products.  [More]

Vileinist

Would You Get An IRS Tattoo If It Meant Never Paying Taxes Again?

You might love your mother enough to get her name tattooed on your arm, but what about the Internal Revenue Service? Though it’s unlikely that your average taxpayer would permanently ink the agency’s name on their dermis out of sheer love, some Americans say they’d get an IRS tattoo if it meant they would never have to pay taxes again. [More]

Sapurah Lashari

Are Employee Student Loan Contributions The Next 401(K)?

Any help graduates can get when it comes to repaying their mountains of student loan debt is often welcome: from cities offering debt forgiveness to keep young adults in their areas to programs in which states will pay for portions of their education. Now, more employers are jumping on the assistance train by providing student loan payment contributions as part of their compensation plans.  [More]

kenfagerdotcom

San Francisco Tells Home-Sharing Hosts They’ll Have To Pay Taxes On Rental Furnishings

If you’ve been renting out your home in San Francisco through services like Airbnb and HomeAway, you’re about to start paying more taxes. The city is notifying hosts that they’ll have to submit an itemized list for items like dishes, bedding, and any other supplies they purchase for their rentals. [More]

JeepersMedia

Tax Software Uses Surge Pricing, Takes Advantage Of Later Filers

One of the many innovations that ride-hailing service Uber has given the world is that it popularized the phrase “surge pricing,” which means raising the price for something as demand for it goes up. Lots of industries do this, but filing taxes is something that everyone has to do. [More]

jpghouse

No, The IRS Will Not Call You To Verify Your Tax Return Information

Because trying to steal money from others will never get old for criminals, scammers are constantly changing tacks to come up with new ways to rake in their ill-gotten gains. This tax season, there’s a new trick bedeviling taxpayers over the phone. [More]

Roebot

Lawsuit: New York Shouldn’t Charge Sales Tax On Tampons

Should tampon sales be taxed by the state? Five Manhattan women don’t think so, and have filed a lawsuit against New York’s Department of Taxation and Finance saying it should be tax-free.

[More]

President Signs Bill Making Internet Service Tax Ban Permanent

President Signs Bill Making Internet Service Tax Ban Permanent

While federal law has long blocked most states from collecting taxes on Internet service, that prohibition has to be renewed every few years. But today President Obama signed into law a new piece of legislation that makes existing bans permanent, and puts an end date on Internet taxes for the few states that still collect them. [More]

IRS: Email, Text Scams Targeting Taxpayers Up 400% This Year

IRS: Email, Text Scams Targeting Taxpayers Up 400% This Year

It’s tax season, which means it’s the prime time for scammers to crawl out from underneath their scammy rocks and try to nab taxpayers’ personal info. So far, this year’s electronic tax scams are even more prevalent than before, the Internal Revenue Service says, surging 400%. [More]

Senate Passes Bill Making Internet Tax Ban Permanent

Senate Passes Bill Making Internet Tax Ban Permanent

Nearly two decades ago, Congress passed the first Internet Tax Freedom Act, establishing that — with a handful of grandfathered exceptions — local, state, and federal governments couldn’t impose taxes on Internet access. Problem is, that law has had to be renewed over and over, each time with an expiration date. But today, the U.S. Senate finally passed a piece of legislation that would make the tax ban permanent. [More]

Papa John’s Accused Of Taxing Delivery Fees In Illinois

Papa John’s Accused Of Taxing Delivery Fees In Illinois

Sometimes it’s just easier to have a piping hot pie delivered to your door, even if it means you have to pay a small fee for the convenience. But an Illinois man claims in a recently filed class-action seeking lawsuit that Papa John’s added a little extra to his bill in the form of an illegal delivery tax.  [More]

IRS: You’ll Have Until April 18 To File Your Taxes This Year

IRS: You’ll Have Until April 18 To File Your Taxes This Year

Already stressing over doing your income taxes? You’ll have a few more days of breathing room before they’re due this year: the Internal Revenue Service has set a filing deadline of April 18. [More]

Taxpayer Advocate Concerned About IRS Plans To Move More Support Online

Taxpayer Advocate Concerned About IRS Plans To Move More Support Online

It was just last week that we wrote about how this year will probably be better than last year for U.S. taxpayers with questions or problems. Yet looking forward to the next decade or so, changes in how the IRS provides support will mean leaving some Americans behind. [More]

Advocate: Additional IRS Funding Should Be “Extremely Helpful” In Actually Helping Taxpayers

Advocate: Additional IRS Funding Should Be “Extremely Helpful” In Actually Helping Taxpayers

As we approach 2016, taxpayers might be wary of dealing with the Internal Revenue Service after last year’s identity theft problems. But according to the IRS’ national taxpayer advocate, the agency is going to be much better at dealing with taxpayers than it was last year. [More]

Congress Pulls Together Proposal To Ban Internet Access Taxes Permanently, Likely To Become Law

Congress Pulls Together Proposal To Ban Internet Access Taxes Permanently, Likely To Become Law

There never has been a tax on email or bandwidth use, for most of us, because Congress made it illegal to charge one more than 15 years ago. That law, though, was temporary and for the better part of two decades, has constantly needed to be extended or renewed. This year, Congress appears finally to be sick of doing that and has real plans to make it permanent, once and for all.

[More]

Wells Fargo Reportedly Under Federal Investigation Related To Student Loan Servicing

Wells Fargo Reportedly Under Federal Investigation Related To Student Loan Servicing

According to a new report, Wells Fargo is the latest big-name bank to be scrutinized as part of the Consumer Financial Protection Bureau’s ongoing investigation into student loan servicing practices.
[More]

Sorry, You Can’t Pay The IRS With A Check For $100 Million Anymore

Sorry, You Can’t Pay The IRS With A Check For $100 Million Anymore

You there! The one ready to write a big, fat check to the Internal Revenue Service — drop that pen. The agency has announced that it will no longer accept checks for $100 million, so you’ll just have to write more than one check. So yeah, you can go ahead and pick that pen up again now. [More]