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]

Coloradoans Will Be Able To Buy Pot Tax-Free For One Day, And One Day Only

Coloradoans Will Be Able To Buy Pot Tax-Free For One Day, And One Day Only

Colorado residents might have circled Sept. 16 with a bright green marker on their calendars: that’s the day the state has decided to drop the 10% marijuana tax in order to comply with a tax provision in its constitution. [More]

Citigroup Facing Federal Investigation Into Student Loan-Servicing Practices

Citigroup Facing Federal Investigation Into Student Loan-Servicing Practices

Just last month federal regulators announced that an ongoing probe into potentially unscrupulous student loan-servicing practices resulted in nearly $18.5 million in refunds and fines from Discover Bank. Now, regulators appear to have Citigroup in their crosshairs, as the financial company announced it was party to an investigation. [More]

New signs at Virginia Costco stores remind shoppers that their bulk purchases of cigarettes will be scrutinized.

Costco Joins In Virginia Crackdown On Bulk Cigarette Buyers

Following reports of Costco shoppers loading up entire trucks full of large boxes of cigarettes, presumably with the purpose of reselling them on the black market in other states, the wholesale club is now posting signs indicating that these customers will face much more scrutiny going forward. [More]

Discover Bank Must Pay $18.5 Million Over Illegal Student Loan Servicing Practices

Discover Bank Must Pay $18.5 Million Over Illegal Student Loan Servicing Practices

As federal regulators continue to probe potentially unscrupulous student loan servicing practices, the Consumer Financial Protection Bureau has ordered Discover Bank and its affiliates to pay nearly $18.5 million in refunds and fines for, among other things, overstating amounts due on student loans and failing to notify borrowers of their rights. [More]

House Passes Permanent Ban On Tax For Internet Service

House Passes Permanent Ban On Tax For Internet Service

In 1998, Congress passed a temporary moratorium on state taxes collected for Internet access (though a number of states were still allowed to collect them). The ban has been extended numerous times in the 17 years since, but is set to expire again this fall. Rather than merely kick the can down the road with another extension, the House of Representatives has voted (again) to make the moratorium permanent. [More]

The IRS Is Still Using Windows XP, Has A Cybersecurity Staff Of 363 People

The IRS Is Still Using Windows XP, Has A Cybersecurity Staff Of 363 People

In the last few years, tax return fraud has become a serious problem at the state and federal levels, thanks to the growth of e-filing and security holes in IRS and third-party tax software systems. Is the IRS to blame for this trend? There are really only two options: the IRS is either broke or incompetent. [More]

IRS: Thieves Obtained Information On 100,000 Taxpayers From Transcript System

IRS: Thieves Obtained Information On 100,000 Taxpayers From Transcript System

A tax transcript is a document from the IRS that shows key information from tax returns that you’ve already filed, or changes to what you and the government owe each other that may have been made after the return was filed. You can normally order them online, but the system is now closed after the IRS learned that people identified only as “thieves” accessed transcripts for about 100,000 people. [More]

(Brad Clinesmith)

No Tax On Sugary Drinks In California After State Assembly Committee Vote

California lawmakers trying to get a $0.02 tax imposed on sodas and other sugary drinks in the state have come up empty, after the proposed measure failed to pass an Assembly committee. Supporters said the law would help curb high rates of obesity and diabetes, while some critics said it wouldn’t properly address health issues and would hit low-income residents the hardest. [More]

(EDrost88)

Former NFL Player Wins Case Over Cleveland’s “Jock Tax” Methods

Most people dreaming of a career in professional sports that will take them around the country to play for huge crowds in major U.S. cities are probably imagining the glitz and glamor that goes with that job. But then there’s the un-fun parts, like paying taxes in each one of those states, as well as some cities that levy taxes against income earned locally. One former NFL player filed a lawsuit against Cleveland’s so-called “jock tax,” not to dispute that he owed taxes there, but because of how the city calculated what he owed. [More]

(Joachim Rayos)

IRS Hung Up On 8.1 Million Taxpayers Without Answering Phone

We knew going into this tax season that budget cuts to the Internal Revenue Service would result in less help for taxpayers and a likely increase in taxpayer fraud and errors, but today IRS Commissioner John Koskinen detailed exactly how badly things went this year. [More]