taxes

  • taxes Jan 13

    Tax Season Arrives: What You Need to Know

    Last year’s tax season saw lots of disappointment over refunds. Many people had not adjusted their withholdings in light of the federal tax cut act. Tax experts say if you still haven’t done so, you should consider changing your withholdings on your W4, especially if you’re expecting big changes in 2020. NBC’s Chris Clackum reports.

  • taxes Jan 11

    Here’s a Breakdown of the New Income Tax Changes

    Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax...

  • taxes Jan 6

    How to Get a Bigger Tax Refund From the IRS in 2021

    It’s about to get a little easier for you to figure out how to break even or get a bigger tax refund from Uncle Sam. The IRS kicked off the new year with a revamp of its tax withholding estimator tool, a calculator that helps you fine-tune the amount of federal income taxes that are pulled from your paycheck. Tax...

  • taxes Dec 16, 2019

    These 91 Companies Paid No Federal Taxes in 2018

    Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report. The study by the Institute on Taxation and Economic Policy, a left-leaning think tank, covers the first year following passage of the Tax Cuts and Jobs Act championed by President Donald Trump, which was signed into law in December 2017. The report covers 379 companies...

  • Congress Dec 17, 2019

    Massive Bill Calls for $1.4 Trillion in Federal Spending

    Retired coal miners and longtime opponents of Obama-era taxes on high-cost health plans are eyeing big wins as top congressional leaders and the Trump White House close in on a deal on a government-wide spending bill. The bill would also increase the age nationwide for purchasing tobacco products from 18 to 21.

  • NAACP Dec 11, 2019

    African American Community Leaders Call for Using City’s Hotel, Marijuana Taxes for Reparations

    Leaders of San Francisco’s African American community are calling on the city’s Board of Supervisors to use the income from hotel and marijuana taxes to fund reparations. According to the NAACP San Francisco branch, the reparations would be used to make amends for the city’s historic injustices against its black residents. “Here we are at the end of 2019...

  • Home Value Dec 8, 2019

    ‘Typo’ May Have Overvalued Utah Home at Nearly $1B

    Utah officials say a possible dropped phone resulted in a typo that overvalued a home for almost $1 billion. And taxpayers may have to pay for the mistake. The Deseret News reports a house built in 1978 in an unincorporated area of the county was recorded in 2019 tax rolls with a value of more than $987 million. That’s an…

  • Nov 14, 2019

    New Jersey Seeks $640M From Uber for Misclassifying Workers

    New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independent contractors. The decision is the latest setback for Uber and other companies in the so-called “gig economy” that rely heavily on contract labor to deliver the services at the heart of their popular apps.

  • Oct 23, 2019

    Trump’s Lawyer Argues President Can’t Be Prosecuted for Shooting Someone on Fifth Avenue

    President Trump famously said during his campaign that he could shoot someone on Fifth Avenue and get away with it. In court Wednesday, his lawyers argued that legally, he really could — and no one could do a thing about it.

  • Jun 2, 2019

    Leyzaola emite su voto candidato a la alcaldía de Tijuana por el PRD

    A trove of leaked documents known as the “Paradise Papers” have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency.

  • Apr 26, 2019

    California Governor Signs Law Requiring Companies Like Amazon and eBay to Collect Sales Tax

    California’s Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state sellers.

  • Apr 17, 2019

    Brace Yourself: IRS Scam Calls to Surge This Week

    A new study by tech security firm First Orion finds scam callers have reached nearly every American who uses a mobile phone, and researchers predict a surge in scams this week. Consumer investigator Chris Chmura reports.

  • Apr 14, 2019

    Kamala Harris Is Latest 2020 Dem Contender to Release Taxes

    Democratic presidential candidate Kamala Harris has released 15 years of tax returns, including her returns for 2018, and the California senator reports that she and her husband had a federal tax bill of about $700,000 on an adjusted gross joint income of about $1.9 million last year. The documents released Sunday provide the fullest picture of her finances as she...

  • Apr 12, 2019

    Brace Yourself: IRS Scam Calls to Surge This Week

    A new study by tech security firm First Orion finds scam callers have reached nearly every American who uses a mobile phone, and researchers predict a surge in scams this week.

  • Apr 9, 2019

    Mnuchin Testifies on Request for Trump Tax Returns

    Treasury Secretary Steven Mnuchin, testifying before a House Appropriations subcommittee, said Tuesday he will “follow the law” regarding a request by House Democrats to see President Donald Trump’s tax returns.

  • Apr 5, 2019

    Ex-IRS Agent Shares Secrets to Avoid Tax Time Trouble

    Some taxpayers fear the Internal Revenue Service, worried a single mistake will cost them their car or their house. Uncle Sam’s finance arm can and does flex is muscles. But should we really be that afraid of the IRS? We spoke with a former IRS agent who shared a revealing take on the agency’s ruthless reputation. Consumer investigator Chris Chmura...

  • Apr 4, 2019

    Former IRS Agent Busts Myths of Tax Time, Shares Important Advice

    Some taxpayers fear the Internal Revenue Service, worried a single mistake will cost them their car or their house. Uncle Sam’s finance arm can and does flex is muscles. But should we really be that afraid of the IRS? We spoke with a former IRS agent who shared a revealing take on the agency’s ruthless reputation.

  • Mar 30, 2019

    Free Tax Help Available as Filing Deadline Approaches

    As the April 15 tax filing deadline approaches, many Californians are stymied by changes to federal tax law. United Way is offering free assistance to qualified taxpayers who need extra help with their taxes.

  • Oct 2, 2018

    New York State Tax Department Reviewing Fraud Allegations Involving Trump in NYT Article

    New York State Tax officials are investigating allegations detailed in an exhaustive New York Times investigation into Donald Trump and his family’s business dealings. The Times reported on Tuesday that Trump and his family committed “instances of outright fraud” in order to transfer millions of dollars from the real estate empire of the president’s father, Fred Trump, to his children...

  • Feb 15, 2018

    Public Warned of Scam Artists Posing as IRS Tax Collectors in Concord

    Concord police are warning the public to be on the lookout for scam artists posing as IRS tax collectors.

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