IRS pushes to rein in tax-exempt political groups
WASHINGTON — The Obama administration Tuesday launched a bid to rein in the use of tax-exempt groups for political campaigning.The effort is an attempt to reduce the role of loosely regulated big-money...
View ArticleAudit: Health care subsidies vulnerable to fraud
WASHINGTON — Government subsidies to help Americans buy insurance under the health care overhaul may be vulnerable to fraud, a Treasury Department watchdog warned on Tuesday in the latest indication...
View ArticleTech law school to hold tax clinic
The Texas Tech School of Law is hosting a “Low-Income Taxpayer Clinic” at 5:30 p.m. today, Feb. 13, at St. John’s United Methodist Church, 1501 University Ave. Those whose income is less than 250...
View ArticleHouse GOP tax plan runs into resistance in Senate
WASHINGTON — House Republicans haven’t even officially unveiled their massive plan to overhaul the tax code and the top Republican in the Senate is already pronouncing it dead.Senate Minority Leader...
View ArticleGOP tax plan lowers rates, repeals popular breaks
WASHINGTON — A sweeping House Republican plan to overhaul the nation’s tax laws would wipe out a slew of popular tax breaks to help pay for lower overall tax rates, a politically risky move in an...
View ArticleCommunity Briefs
CASA to host ‘Lunch and Learn’ Monday at First Bank Court Appointed Special Advocates (CASA) will host a free “Lunch and Learn” from noon to 1 p.m. Monday, March 10, at the First Bank and Trust, 98th...
View ArticleSenator claims Caterpillar has avoided billions in taxes
WASHINGTON — Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to avoid paying billions in U.S. taxes, according to a new investigative report...
View ArticleMost Americans say filing taxes easy, according to poll
WASHINGTON — Struggling to figure out your federal tax return? You’re not alone, but you’re in the minority.With the tax filing deadline looming next week, a majority of Americans say completing a...
View ArticleAt $4 billion, bogus tax refunds are growing problem
WASHINGTON — An Internet connection and a bunch of stolen identities are all it takes for crooks to collect billions of dollars in bogus federal tax refunds. And the scam is proving too pervasive to...
View ArticleAcross the nation
MURRYSVILLE, Pa.No evidence has surfaced yet to show that a boy charged in a stabbing rampage at his high school was targeting any particular student, and efforts to establish a motive are stalled...
View ArticleChances of getting audited by IRS lowest in years
Your chance of tax audit lowest in years WASHINGTON — As millions of Americans race to meet Tuesday’s tax deadline, their chances of getting audited are lower than they have been in years.Budget cuts...
View ArticleHouse votes to keep research tax credit
WASHINGTON — The House voted Friday to make permanent a tax credit that rewards businesses for investing in research and development, pushing Congress toward an election-year showdown over a series of...
View ArticleBill to renew tax breaks clears hurdle in Senate
WASHINGTON (AP) — A bill to renew more than 50 expired tax breaks for businesses and individuals cleared a key hurdle in the Senate on Tuesday, giving hope to millions of taxpayers who would otherwise...
View ArticleGlitch leads to some double tax refund checks
GRAND RAPIDS, Mich. (AP) — Officials say a computer glitch is responsible for 73 Grand Rapids residents getting two income tax refund checks from the city instead of one.WOOD-TV reports one of the 73...
View Article4 ways state policies can influence the wealth gap
JEFFERSON CITY, Mo. (AP) — The rich are becoming richer in the U.S., and the rest are mostly not. It’s a trend that emerged over the course of four decades and has become particularly pronounced in...
View ArticleGovernment made $100B in improper payments
WASHINGTON (AP) — By its own estimate, the government made about $100 billion in payments last year to people who may not have been entitled to receive them — tax credits to families that didn’t...
View ArticleWalgreen turns down inversion to cut tax bill
Growing political heat and possible customer backlash helped dissuade Walgreen from trying to trim its tax bill by reorganizing overseas as part of an acquisition.But experts say they don’t expect...
View ArticleThomas: People, not politicians, have ability to improve economies of world
“Neither a borrower nor a lender be; for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.”— “Hamlet,” Act I, Scene IIISTRATFORD-UPON-AVON, England — William Shakespeare...
View ArticleIt's Debatable: Should corporations be taxed?
This week, Arnold Loewy and Donald May debate federal taxation of corporations. Donald has been a candidate for Congress and writes an independent blog on lubbockonline.com. Arnold is the George...
View ArticleTax forms may be new challenge for HealthCare.gov
WASHINGTON — The federal agency that had trouble launching a health insurance website last fall has a massive new project. Any glitches on this one could delay tax refunds for many Americans.Because of...
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