News

Business groups push for quick action on taxes

Source: thehill.com - Jul 25, 2017

The business community is trying to light a fire under lawmakers and push them to pass tax reform legislation as soon as possible. The increasing pressure comes as advocates fear that the gridlock... Read more >

Category: General Business

5 Year Prison Terms Over Payroll Taxes Warn Employers About IRS

Source: forbes.com - Jul 25, 2017

The IRS can be tough on collecting income taxes, and even tougher where payroll taxes are concerned. The money is withheld from employee wages, and is supposed to be paid over to the IRS. If the... Read more >

Category: General Business

IRS to pilot test web videoconferences for tax appeals

Source: taxprotoday.com - Jul 25, 2017

The Internal Revenue Service’s Office of Appeals plans to test a web-based videoconferencing option for taxpayers and their representatives to hold virtual face-to-meetings with IRS appeals... Read more >

Category: General Business

IRS offers email option for tax payment notifications

Source: taxprotoday.com - Jul 25, 2017

The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their payments using IRS Direct Pay or the Electronic... Read more >

Category: General Business

Two Tax Credits Many Small Business Owners Miss --or Don't Know About

Source: inc.com - Jul 24, 2017

Many small business owners miss or misunderstand the power of tax credits to build their businesses. If you read my column, you understand that a tax deduction is something that reduces how much... Read more >

Category: General Business

GOP wants to kill a tax break beneficial to blue states

Source: cbsnews.com - Jul 24, 2017

When are Republicans in favor of raising taxes? Turns out it's when the states that benefit the most from the tax break are Democratic strongholds. The GOP is eager to eliminate the federal... Read more >

Category: General Business

LaToya Cantrell failed to pay $28,000 in federal taxes in recent years, says bank issue resulted in lien on house

Source: theadvocate.com - Jul 24, 2017

Mayoral candidate LaToya Cantrell and her husband failed to pay about $28,000 in federal income taxes in recent years. Cantrell, a City Council member, is considered one of the main contenders in... Read more >

Category: General Business

Tax man cometh for Golden State Warriors

Source: mercurynews.com - Jul 21, 2017

With the mind-boggling money being doled out in NBA contracts, players don’t seem to be overly concerned about state taxes – or the lack of them. Stephen Curry signed a $201 million deal with... Read more >

Category: General Business

Former JPSO Chief Deputy Craig Taffaro charged with tax evasion

Source: nola.com - Jul 21, 2017

A federal grand jury Thursday morning (July 20) handed up an indictment charging former Jefferson Parish Sheriff's Office Chief Deputy Craig Taffaro with tax evasion and filing a false tax return,... Read more >

Category: General Business

IRS erroneously paid $152M in refundable tax credits

Source: taxprotoday.com - Jul 21, 2017

The Internal Revenue Service didn’t properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million... Read more >

Category: General Business

There are more renters than any time since 1965

Source: cnbc.com - Jul 20, 2017

More people are renting than at any other point in the past 50 years. In 2016, 36.6 percent of household heads rented their home, close to the 1965 number of 37 percent, according to a new report... Read more >

Category: General Business

Summer newlyweds should also think about taxes

Source: wrex.com - Jul 20, 2017

Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new... Read more >

Category: General Business

This Chart Shows How Much Americans Pay in Taxes vs. the Rest of the World

Source: time.com - Jul 20, 2017

As the Republicans in Washington prepare to dig into the coming round of budget negotiations, their top priorities will include an systemic overhaul for U.S. taxes, which President Trump has... Read more >

Category: General Business

McConnell's new Obamacare repeal lacks GOP votes to pass

Source: taxprotoday.com - Jul 19, 2017

Bloomberg) Senate Majority Leader Mitch McConnell’s new proposal to simply repeal Obamacare appears to be dead less than 24 hours after he dropped his replacement plan for lack of support among... Read more >

Category: General Business

UNO ranked third in nation in providing access to poor students, and other higher education news

Source: theadvocate.com - Jul 19, 2017

The University of New Orleans is a national leader in providing equal access to higher education for students from all income levels, according to a new report by the Brookings Institution. UNO... Read more >

Category: General Business