Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1445 business Business - Taxes and Tax Season en-us Fri, 03 Jul 2009 19:40:27 GMT 5 142 18 http://news.yahoo.com/i/1445 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/us_state_budgets_tax_returns ap/20090703/us_state_budgets_tax_returns AP business Fri, 03 Jul 2009 19:40:27 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/us_state_budgets_tax_returns"><img src="http://d.yimg.com/a/p/ap/20090703/capt.948ce1e3815a4d64a18d1608750e6a01.state_budgets_tax_returns_gaja102.jpg?x=97&y=130&q=85&sig=Y.e644CwZ14QKMyVgCA52A--" align="left" height="130" width="97" alt="Colin Daymude, who only recently received his state income tax refund after filing electronically six months ago, is pictured at his home in Dacula, Ga., Friday July 3, 2009. Budget cuts and falling revenues have forced many states to delay income tax returns for months, leaving taxpayers longing for millions of dollars of their money. (AP Photo/John Amis)" border="0" /></a>AP - Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/us_state_budgets_tax_returns"><img src="http://d.yimg.com/a/p/ap/20090703/capt.948ce1e3815a4d64a18d1608750e6a01.state_budgets_tax_returns_gaja102.jpg?x=97&y=130&q=85&sig=Y.e644CwZ14QKMyVgCA52A--" align="left" height="130" width="97" alt="photo" title="Colin Daymude, who only recently received his state income tax refund after filing electronically six months ago, is pictured at his home in Dacula, Ga., Friday July 3, 2009. Budget cuts and falling revenues have forced many states to delay income tax returns for months, leaving taxpayers longing for millions of dollars of their money. (AP Photo/John Amis)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090703/ap_on_hi_te/us_tec_online_sales_taxes ap/20090703/us_tec_online_sales_taxes AP technology Fri, 03 Jul 2009 01:08:55 GMT AP - In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090702/ap_on_re_us/us_newspaper_tax_cut ap/20090702/us_newspaper_tax_cut AP us Thu, 02 Jul 2009 15:51:57 GMT AP - As newspapers across the country struggle through a brutal economic climate, papers in Washington state are getting a tax break. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090702/ap_on_re_us/us_state_budgets ap/20090702/us_state_budgets AP us Thu, 02 Jul 2009 10:58:55 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090702/ap_on_re_us/us_state_budgets"><img src="http://d.yimg.com/a/p/ap/20090701/capt.2a8c9ccf5b5645db850f457ff8f3b5f7.state_budget_woes_gfx325.jpg?x=117&y=130&q=85&sig=HQ3wuyk_4kCu9XG1yVMQyg--" align="left" height="130" width="117" alt="Graphic shows budget shortfalls of states’ general fund for fiscal" border="0" /></a>AP - The finances of several states around the nation are sinking deeper into chaos as lawmakers struggle to work out budget differences amid a recession that has wiped out tax revenue and set the stage for dramatic cuts in service and pay for government workers.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090702/ap_on_re_us/us_state_budgets"><img src="http://d.yimg.com/a/p/ap/20090701/capt.2a8c9ccf5b5645db850f457ff8f3b5f7.state_budget_woes_gfx325.jpg?x=117&y=130&q=85&sig=HQ3wuyk_4kCu9XG1yVMQyg--" align="left" height="130" width="117" alt="photo" title="Graphic shows budget shortfalls of states’ general fund for fiscal" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090702/ap_on_re_us/us_doctor_fraud_blagojevich ap/20090702/us_doctor_fraud_blagojevich AP us Thu, 02 Jul 2009 00:50:43 GMT AP - A doctor who became tangled in the corruption investigation of ousted Illinois Gov. Rod Blagojevich was sentenced to 18 months in prison for hiding $3 million in income from a tax collector. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090701/ap_on_re_us/us_tax_evaders ap/20090701/us_tax_evaders AP us Wed, 01 Jul 2009 23:30:25 GMT AP - Jurors in the trial of a tax-evading New Hampshire couple viewed video Wednesday of a vast arsenal that prosecutors say they stockpiled inside their turreted mountaintop home, including an improvised bomb on a kitchen shelf, next to the cookie jar. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/pending_home_sales ap/20090701/pending_home_sales AP business Wed, 01 Jul 2009 15:20:02 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/pending_home_sales"><img src="http://d.yimg.com/a/p/ap/20090701/capt.a59c1abb01a34e07956c80b9f08b7277.pending_home_sales_cars302.jpg?x=130&y=93&q=85&sig=iweenUP8OabNAXTqMnIZUw--" align="left" height="93" width="130" alt="In this June 23, 2009 photo, an 'in escrow' sign is seen on a home for sale in the Pacific Palisades area of Los Angeles. The National Association of Realtors said Wednesday, July 1, 2009, pending home sales rose in May for the fourth straight month, fresh evidence that the housing sector may be recovering. (AP Photo/Reed Saxon)" border="0" /></a>AP - Pending home sales rose in May for the fourth straight month, spurred by low prices and a first-time homebuyers tax credit, fresh evidence that the housing sector may be recovering.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/pending_home_sales"><img src="http://d.yimg.com/a/p/ap/20090701/capt.a59c1abb01a34e07956c80b9f08b7277.pending_home_sales_cars302.jpg?x=130&y=93&q=85&sig=iweenUP8OabNAXTqMnIZUw--" align="left" height="93" width="130" alt="photo" title="In this June 23, 2009 photo, an 'in escrow' sign is seen on a home for sale in the Pacific Palisades area of Los Angeles. The National Association of Realtors said Wednesday, July 1, 2009, pending home sales rose in May for the fourth straight month, fresh evidence that the housing sector may be recovering. (AP Photo/Reed Saxon)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090701/ap_on_hi_te/us_hi_lingle_vetoes ap/20090701/us_hi_lingle_vetoes AP technology Wed, 01 Jul 2009 14:51:25 GMT AP - Hawaii Gov. Linda Lingle announced that she plans to veto a gas tax increase and an Internet sales tax, which had prompted Amazon.com cut ties with island Web sites. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ibd/20090630/bs_ibd_ibd/20090630issues ibd/20090630/20090630issues Investor's Business Daily business Tue, 30 Jun 2009 22:59:36 GMT Investor's Business Daily - Taxes: The White House now refuses to rule out raising taxes on the middle class. Meanwhile, a top finance official in the previous Democratic White House suggests a tax hike is all but inevitable. Are we being set up? http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090630/ap_on_re_us/us_ubs_secrets ap/20090630/us_ubs_secrets AP us Tue, 30 Jun 2009 21:39:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090630/ap_on_re_us/us_ubs_secrets"><img src="http://d.yimg.com/a/p/ap/20090626/capt.4b82bc82c91143dcb2a22ce6b537d04a.switzerland_ubs_zur179.jpg?x=130&y=82&q=85&sig=vntMDZB5hSE_XWZzjqy1FQ--" align="left" height="82" width="130" alt="FILE - In this Feb. 20, 2009 file picture the Swiss Bank UBS logo at the headquarters building is pictured in Zurich, Switzerland. Shares in UBS AG the world's largest wealth manager and one of the hardest-hit major banks in the financial crisis fell Friday June 26, 2009, after the Swiss bank announced overnight that it expects to raise 3.8 billion Swiss francs ( US $ 3.5 billion) through a capital increase and forecasts a loss for the second quarter. (AP Photo/Keystone/Walter Bieri,File )" border="0" /></a>AP - Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing Tuesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090630/ap_on_re_us/us_ubs_secrets"><img src="http://d.yimg.com/a/p/ap/20090626/capt.4b82bc82c91143dcb2a22ce6b537d04a.switzerland_ubs_zur179.jpg?x=130&y=82&q=85&sig=vntMDZB5hSE_XWZzjqy1FQ--" align="left" height="82" width="130" alt="photo" title="FILE - In this Feb. 20, 2009 file picture the Swiss Bank UBS logo at the headquarters building is pictured in Zurich, Switzerland. Shares in UBS AG the world's largest wealth manager and one of the hardest-hit major banks in the financial crisis fell Friday June 26, 2009, after the Swiss bank announced overnight that it expects to raise 3.8 billion Swiss francs ( US $ 3.5 billion) through a capital increase and forecasts a loss for the second quarter. (AP Photo/Keystone/Walter Bieri,File )" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_ubs_tax nm/20090630/us_ubs_tax Reuters business Tue, 30 Jun 2009 21:18:08 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_ubs_tax"><img src="http://d.yimg.com/a/p/rids/20090701/i/r3244927004.jpg?x=130&y=88&q=85&sig=EF6uPWAfb3y9uvPGn.Mdzw--" align="left" height="88" width="130" alt="The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich July 1, 2009. REUTERS/Arnd Wiegmann" border="0" /></a>Reuters - The U.S. Justice Department said on Tuesday it was pressing ahead with its five-month-old lawsuit against UBS AG to force the Swiss bank to identify thousands of U.S. clients with secret UBS accounts.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_ubs_tax"><img src="http://d.yimg.com/a/p/rids/20090701/i/r3244927004.jpg?x=130&y=88&q=85&sig=EF6uPWAfb3y9uvPGn.Mdzw--" align="left" height="88" width="130" alt="photo" title="The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich July 1, 2009. REUTERS/Arnd Wiegmann" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090630/ap_on_bi_ge/ri_amazon_ri_taxes ap/20090630/ri_amazon_ri_taxes AP business Tue, 30 Jun 2009 12:19:24 GMT AP - Amazon.com has cut ties with Rhode Island Web sites that make referrals to the online retailer because a law designed to collect sales taxes on these transactions will soon come into force, the Providence Journal reported Tuesday. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090629/ap_on_bi_ge/earns_h_r_block ap/20090629/earns_h_r_block AP business Mon, 29 Jun 2009 22:41:52 GMT AP - H&R Block Inc., the nation's largest tax preparer, reported better-than-expected profit for its fiscal fourth quarter on Monday as higher fees and more consumer financial services income offset a decline in the number of tax returns it prepared. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090628/ap_on_go_pr_wh/us_obama_health_care ap/20090628/us_obama_health_care AP politics Sun, 28 Jun 2009 22:32:55 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090628/ap_on_go_pr_wh/us_obama_health_care"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246657426141-1-0.jpg?x=95&y=130&q=85&sig=szerrEqYN4AP4VaE09NMCg--" align="left" height="130" width="95" alt="US President Barack Obama arrives to board the Marine One helicopter at Fort McNair in Washington, DC. A model of Obama will make its debut at the "Hall of Presidents" in Orlando's Disney World during Independence Day celebrations on Saturday, Disney announced.(AFP/Jewel Samad)" border="0" /></a>AP - The Obama White House left open the possibility Sunday that the president would break a campaign promise and raise taxes on people earning less than $250,000 to support his health care overhaul agenda.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090628/ap_on_go_pr_wh/us_obama_health_care"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246657426141-1-0.jpg?x=95&y=130&q=85&sig=szerrEqYN4AP4VaE09NMCg--" align="left" height="130" width="95" alt="photo" title="US President Barack Obama arrives to board the Marine One helicopter at Fort McNair in Washington, DC. A model of Obama will make its debut at the "Hall of Presidents" in Orlando's Disney World during Independence Day celebrations on Saturday, Disney announced.(AFP/Jewel Samad)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090627/ap_on_re_us/us_new_laws ap/20090627/us_new_laws AP us Sat, 27 Jun 2009 17:07:52 GMT AP - Government records will be more open in South Dakota, Florida is cracking down on illicit prescription drug sales and downing a cold one at the corner bar will be easier in Utah. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090625/ap_on_re_us/us_tax_evaders_nh ap/20090625/us_tax_evaders_nh AP us Thu, 25 Jun 2009 21:27:04 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090625/ap_on_re_us/us_tax_evaders_nh"><img src="http://d.yimg.com/a/p/ap/20090625/capt.21ef2c877c4e4250816a8baf8dbfe129.tax_evaders_bx201.jpg?x=130&y=112&q=85&sig=tvdg5p3YSvs3Rzoi4_.KLQ--" align="left" height="112" width="130" alt="FILE - In This June 18, 2007, file photo, Ed and Elaine Brown talk to reporters during a news conference in Plainfield, N.H. The Browns are serving five-year federal prison terms for not paying taxes on nearly $2 million in income. They face more time behind bars when their case goes to trial June 29, 2009, because of the dangerous lengths they allegedly took to prevent authorities from arresting them. (AP Photo/Jim Cole, File)" border="0" /></a>AP - Retired exterminator Ed Brown and his dentist wife Elaine holed up on a mountaintop in their turreted concrete castle, protected by an arsenal of homemade bombs, booby traps, semiautomatic assault-type rifles and a cache of 60,000 rounds of ammunition — all aimed at federal agents, prosecutors say.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090625/ap_on_re_us/us_tax_evaders_nh"><img src="http://d.yimg.com/a/p/ap/20090625/capt.21ef2c877c4e4250816a8baf8dbfe129.tax_evaders_bx201.jpg?x=130&y=112&q=85&sig=tvdg5p3YSvs3Rzoi4_.KLQ--" align="left" height="112" width="130" alt="photo" title="FILE - In This June 18, 2007, file photo, Ed and Elaine Brown talk to reporters during a news conference in Plainfield, N.H. The Browns are serving five-year federal prison terms for not paying taxes on nearly $2 million in income. They face more time behind bars when their case goes to trial June 29, 2009, because of the dangerous lengths they allegedly took to prevent authorities from arresting them. (AP Photo/Jim Cole, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090625/us_nm/us_ubs_usa_client nm/20090625/us_ubs_usa_client Reuters us Thu, 25 Jun 2009 18:59:02 GMT Reuters - A Florida accountant charged with tax evasion in one of the first U.S. prosecutions of wealthy U.S. clients of Swiss bank UBS AG> pleaded guilty on Thursday to a single count of tax fraud, authorities said. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20090625/ts_alt_afp/usswitzerlandtaxfraudbankingcompanyubs afp/20090625/usswitzerlandtaxfraudbankingcompanyubs AFP us Thu, 25 Jun 2009 17:16:42 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20090625/ts_alt_afp/usswitzerlandtaxfraudbankingcompanyubs"><img src="http://d.yimg.com/a/p/afp/20090625/capt.photo_1245950156436-1-0.jpg?x=130&y=88&q=85&sig=XCZitLFZF.e3N8Qnt8a_uw--" align="left" height="88" width="130" alt="The logo of a UBS bank in Geneva. A Florida man accused of hiding assets offshore with Swiss banking giant UBS pleaded guilty Thursday to filing a false tax return in the first prosecution in a massive fraud probe, officials said.(AFP/File/Fabrice Coffrini)" border="0" /></a>AFP - A Florida man accused of hiding assets offshore with Swiss banking giant UBS pleaded guilty Thursday to filing a false tax return in the first prosecution in a massive fraud probe, officials said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20090625/ts_alt_afp/usswitzerlandtaxfraudbankingcompanyubs"><img src="http://d.yimg.com/a/p/afp/20090625/capt.photo_1245950156436-1-0.jpg?x=130&y=88&q=85&sig=XCZitLFZF.e3N8Qnt8a_uw--" align="left" height="88" width="130" alt="photo" title="The logo of a UBS bank in Geneva. A Florida man accused of hiding assets offshore with Swiss banking giant UBS pleaded guilty Thursday to filing a false tax return in the first prosecution in a massive fraud probe, officials said.(AFP/File/Fabrice Coffrini)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20090625/ap_on_bi_ge/us_ubs_secrets_client ap/20090625/us_ubs_secrets_client AP business Thu, 25 Jun 2009 16:25:01 GMT AP - A wealthy accountant who is the first U.S. citizen charged in a wide-ranging tax probe of Swiss banking giant UBS AG has pleaded guilty to filing a false tax return. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090625/bs_nm/us_aig nm/20090625/us_aig Reuters business Thu, 25 Jun 2009 15:45:30 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090625/bs_nm/us_aig"><img src="http://d.yimg.com/a/p/rids/20090625/i/r1411736371.jpg?x=108&y=130&q=85&sig=zquu71T0FU_W2RAg__bfzw--" align="left" height="130" width="108" alt="The American International Group (AIG) building is seen in New York, March 24, 2009. REUTERS/Shannon Stapleton" border="0" /></a>Reuters - The federal government has agreed to accept $25 billion of preferred stock in two American International Group Inc businesses as partial repayment of debt, the company said on Thursday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20090625/bs_nm/us_aig"><img src="http://d.yimg.com/a/p/rids/20090625/i/r1411736371.jpg?x=108&y=130&q=85&sig=zquu71T0FU_W2RAg__bfzw--" align="left" height="130" width="108" alt="photo" title="The American International Group (AIG) building is seen in New York, March 24, 2009. REUTERS/Shannon Stapleton" border="0"/></a></p><br clear="all"/> (Reuters)