You know what giant corporations really hate to do? Spend lots of their revenue on taxes. And you know what they have to do anyway? Exactly that. But the IRS is saying that Facebook may not have done enough of it, in past years, and may be on the hook for a big fat chunk of cash overdue to the U.S. government.
As we’ve discussed in the past, even in states where recreational marijuana is now legal, businesses are still figuring out how the heck to handle their financial obligations like banking and paying taxes, as the drug remains a Schedule I controlled substance in the eyes of the federal government. Oregon has now figured out a safe way for weed dealers to pay the taxes they owe the state, and the process sounds like something out of a movie. [More]
Before any of you wake up in a panic this morning, realizing it’s April 15 and you haven’t filed your annual tax return, remember that Tax Day is actually April 18 this year. That’s because Emancipation Day (April 16) falls on a Saturday this year. This holiday — recognized in Washington, D.C. — is being observed today, meaning the D.C.-based IRS office is closed for the day. So enjoy the extra few days, but remember that you’ll still have to file (at least an extension) after the weekend is done.
Back in January, the Internal Revenue Service made it clear that taxpayers had until April 18 to file their federal income taxes. Apparently, Apple’s calendar didn’t get the message. [More]
Jonesing for a Slurpee and still need to pay your taxes? You can kill two birds with one stone with the Internal Revenue Service’s new payment option: taxpayers can fork over what they owe in cash at one of the participating 7,000 7-Eleven locations in the country. [More]
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]
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]
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]
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]
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]
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]
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]
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.
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]