• 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.

  • 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.

  • Aug 5, 2019

    4 California Voters File Lawsuit Over Presidential Tax Returns

    The conservative group Judicial Watch announced it had filed a lawsuit on Thursday to challenge the law.

  • 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 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 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.

  • Dec 20, 2018

    State Program Increases Deposit Limits for People With Disabilities

    California State Treasurer John Chiang and other officials Wednesday announced the launch of a program that will allow individuals with disabilities to open tax-advantaged savings and investment accounts and contribute significantly more than the $2,000 they are currently allowed to save under rules for many government programs.

  • 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...

  • Dec 28, 2017

    IRS Cautions Taxpayers Prepaying Property Taxes

    The U.S. Internal Revenue Service issued a notice Wednesday warning homeowners who are rushing to prepay their 2018 property taxes that their payment may not be tax deductible, NBC News reported. A law signed by President Donald Trump, which goes into effect next year, will impose a $10,000 combined limit on the deduction of state and local income property taxes....

  • Nov 13, 2017

    Kellyanne Conway: California Taxpayers Need to ‘Take Their Case’ to Sacramento, Not DC

    Kellyanne Conway, counselor to President Donald Trump, says Californians should blame state Democrats if they end up paying more in federal taxes due to the elimination of the write off on state and local taxes.

  • Nov 7, 2017

    What Are the ‘Paradise Papers’?

    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.

  • Nov 4, 2017

    California Democrats Say Republican Tax Plan Hurts Housing Efforts

    California Democratic leaders urged Congress on Friday not to eliminate programs that helped finance roughly two-thirds of the state’s recent affordable housing supply in recent years.

  • Nov 3, 2017

    Taxes May Raise Price of Legal Marijuana in San Diego

    When marijuana becomes legal for recreational use in January, customers could be shocked by the high cost of getting high.

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