Taxes
Latest News
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
IRS Draft Form 7217 Ready For Public Comment
Tax credits for energy-efficient home improvements reinstated
Federal tax credits for energy-efficient home improvements are back. Reinstatement of the popular credits was a little-noticed part of the American Taxpayer Relief Act, the last-minute legislation that kept America from tumbling over the fiscal cliff at the start of the year.
Virginia proposal complicates Maryland’s gas tax debate
The governor of Virginia has thrown a new wrinkle into a Maryland debate by calling for abolition of the commonwealth’s gas tax and increasing the sales tax to pay for roads and transit, a move that would alter the competitive balance between the two states. This week’s proposal by Gov. Bob McDonnell, a Republican, is […]
Texas sales tax revenues climb by 9.4%
Texas saw its sales tax collections rise again in December, with revenue of $2.17 billion, an increase of 9.4 percent over the same month last year, the state comptroller's office said Wednesday.
Gov. Rick Scott wants taxes eliminated for new equipment to rev up manufacturing
On his way into the Vistakon manufacturing plant in Jacksonville, Florida Governor Rick Scott went past heavy equipment operators building a new parking lot for the expanding campus.
With rising state revenues, Texas legislature considering tax breaks
An unexpected boost in state revenue has prompted the state's Republican leadership to embrace the possibility of tax relief during the just-started 83rd Legislature, but critics of the idea say the money should first be used to restore state services that underwent deep cuts two years ago.
Tax ‘simplification’ in Arizona could cause havoc for some towns
Some cities and towns in southern Arizona say the recommendations by the Arizona Tax Simplification Task Force could them millions of dollars.
Accountant explains why IRS delay will impact so many
We narrowly avoided going over the fiscal cliff earlier this month, but Congress' down-to-the-wire decision making has had an unsavory side effect.
Late start to tax season: IRS plans Jan. 30 opening day for 1040 returns, late Feb for more complex filers
Tax filing season to start Jan. 30, but late February for more complex returns