Income Tax
How to Avoid Common Mistakes When Giving to Charities
Writing a check to a charity can be easy, but tax laws can sometimes be challenging. Here are some tips to remember when doing some last-minute donating and what to remember when preparing the paperwork.
Florida Lawyer Guilty of Filing False Tax Returns
Prominent Miami criminal defense attorney Larry Handfield, the former chairman of the Public Health Trust, Jackson Health System's governing board, has quietly pleaded guilty to filing false tax returns.
New Laws in Nevada Include Tax Credits, Driver’s Licenses, Transportation
People living in the United States illegally will qualify for a Nevada driver's privilege card, filmmakers who produce in Nevada will be eligible for a tax credit, motorists in Clark County will pay an additional 3.4 cents for a gallon of gasoline, and thousands will have health insurance coverage under a new federal law managed by the state.
Non-Credentialed Tax Preparers in Minneapolis Charged with ID Theft, Tax Fraud
Four tax preparers in Minneapolis and Brooklyn Center have been indicted on 63 counts of identity theft, conspiracy and tax fraud.
Ohio Minimum Wage Goes Up On Jan. 1
Ohio's 330,000 minimum wage workers will see their pay climb 10 cents to $7.95 an hour beginning Jan. 1 when the automatic hike takes effect. Minimum wages for tipped workers will get a 5 cent bump to $3.98 an hour.
IRS Reminds Tax Professionals to Renew their PTINs for 2014
The Internal Revenue Service today reminded professional tax return preparers to renew their Preparer Tax Identification Numbers (PTINs) if they plan to prepare returns in 2014. Current PTINs expire Dec. 31, 2013.
End of Federal Income Tax Deduction Could Hurt State Budgets
States could see reduced consumer spending in 2014 if a federal tax deduction is allowed to expire.
Mass Transit Tax Credit to Shrink in 2014
WASHINGTON — Thousands of Maryland bus and MARC train riders could pay more for their commute starting in January after Congress failed to renew an expiring tax credit that rewards mass transit use. Current federal law allows bus and rail commuters to withhold up to $245 a month in pre-tax income. The cap falls to […]