by taxnick on July 30, 2010
Things are getting a bit heated on Capitol Hill and no, we’re not referring to the ongoing ethics investigation surrounding New York congressman Charlie Rangel.
Online sales taxes were at the forefront yesterday as members of Congress on both sides of the issue squared off to promote competing pieces of legislation—Rep. Bill Delahunt’s bill to implement [...]
by taxnick on July 24, 2010
Sen. John Kerry (D.-Ma.) hails from the state of Massachusetts, which is commonly referred to as ‘Taxachusetts.’ John Kerry could best be described as a tax-and-spend, very liberal and ultra-rich United States senator. Nevertheless, even Sen. Kerry takes advantage of any opportunity to reduce his tax bills.
The Los Angeles Times reports that, “the Massachusetts senator [...]
by taxnick on July 21, 2010
In small-town Salina, residents have been dancing because of a Parks, Arts and Recreation tax. They’ve also been shooting hoops, turning somersaults, practicing tae kwan do and clobbering baseballs.
What no one knew — until a legislative audit released Tuesday — is that the North Sevier Recreation Department has been tapping those sales tax dollars for [...]
by taxnick on July 18, 2010
The Internal Revenue Service announced the locations of Taxpayer Assistance Centers in seven Gulf Coast cities that will be open this Saturday, July 17 to provide help to taxpayers impacted by the BP oil spill.
The following locations will be open from 9 a.m. to 2 p.m. Central Time:
1110 Montlimar Drive, Mobile, [...]
by taxnick on July 14, 2010
WASHINGTON –– The Internal Revenue Service today announced the opening of a special telephone line for taxpayers affected by the Gulf oil spill.
Individuals who have questions about the BP payments or who are experiencing filing or payment hardships because of the oil spill should contact the IRS at 866-562-5227.
The special services [...]
by taxnick on July 8, 2010
The state Assembly will vote on a plan to lower the property tax cap to 2 percent on Monday, the leader of the lower house said today.
“We know that the residents of this state want to see tighter restraints put on their property taxes, but we also know our work is far from finished,” said [...]
by taxnick on July 6, 2010
WASHINGTON — The Office of Professional Responsibility (OPR) has prevailed in an agency appeal involving issues which include the due diligence responsibilities of a CPA under the Rules of Practice before the IRS (Circular 230). The May 28th decision of the Appellate Authority has upheld the Administrative Law Judge’s (“ALJ”) disbarment of CPA Tim W. [...]
by taxnick on July 6, 2010
If you were under the impression that online sales tax legislation was something that would only arise in the halls and chambers of state governments, it’s time to think again.
A bill was introduced in Congress yesterday mirroring the highly controversial online sales tax legislation in states like Colorado and North Carolina, taking the growing internet [...]
by taxnick on July 3, 2010
From the IRS:
WASHINGTON — Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.
The Homebuyer Assistance and Improvement Act of 2010, signed by the President today, [...]