Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1445 business Business - Taxes and Tax Season en-us Wed, 25 Nov 2009 14:51:41 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/nm/20091125/bs_nm/us_usa_economy_newhomesales nm/20091125/us_usa_economy_newhomesales Reuters business Wed, 25 Nov 2009 14:51:41 GMT Reuters - Sales of new U.S. single-family houses likely climbed in October, but forecasts varied widely on the impact of the first-time homebuyer tax credit, a Reuters survey found. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/us_business_highlights ap/20091124/us_business_highlights AP business Tue, 24 Nov 2009 22:56:58 GMT AP - Reports on GDP and consumers signal modest rebound http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/us_home_buyers_tax_break_missouri ap/20091124/us_home_buyers_tax_break_missouri AP business Tue, 24 Nov 2009 22:40:16 GMT AP - Missouri residents who buy a house in 2010 could get a property tax break. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091124/bs_nm/us_tax_cathcart nm/20091124/us_tax_cathcart Reuters business Tue, 24 Nov 2009 20:46:09 GMT Reuters - A federal judge has barred the promotion of a scheme designed to help clients evade taxes on more than $1.25 billion in asset sales, the U.S. government said on Tuesday. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/mi_tax_restructuring ap/20091124/mi_tax_restructuring AP business Tue, 24 Nov 2009 18:45:17 GMT AP - A veteran state lawmaker and Democratic gubernatorial candidate on Tuesday proposed swapping Michigan's flat income tax rate for a graduated one, eliminating a business tax surcharge and some business tax breaks, and lowering the sales tax rate while extending it to services. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091124/bs_afp/switzerlandusbankingtaxregulatecompanyubs afp/20091124/switzerlandusbankingtaxregulatecompanyubs AFP business Tue, 24 Nov 2009 17:41:51 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091124/bs_afp/switzerlandusbankingtaxregulatecompanyubs"><img src="http://d.yimg.com/a/p/afp/20091124/capt.photo_1259084423144-1-0.jpg?x=130&y=86&q=85&sig=Sa6_83LY3PMdY5urwraqNQ--" align="left" height="86" width="130" alt="Company logo at a UBS branch in Basel. Swiss authorities said Tuesday they had informed more than 500 UBS clients suspected of having evaded taxes in the United States whether their data would be transmitted to US tax authorities.(AFP/File/Fabrice Coffrini)" border="0" /></a>AFP - Swiss authorities said Tuesday they had informed more than 500 UBS clients suspected of having evaded taxes in the United States whether their data would be transmitted to US tax authorities.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091124/bs_afp/switzerlandusbankingtaxregulatecompanyubs"><img src="http://d.yimg.com/a/p/afp/20091124/capt.photo_1259084423144-1-0.jpg?x=130&y=86&q=85&sig=Sa6_83LY3PMdY5urwraqNQ--" align="left" height="86" width="130" alt="photo" title="Company logo at a UBS branch in Basel. Swiss authorities said Tuesday they had informed more than 500 UBS clients suspected of having evaded taxes in the United States whether their data would be transmitted to US tax authorities.(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/20091124/ap_on_bi_ge/us_iowa_movie_taxes ap/20091124/us_iowa_movie_taxes AP business Tue, 24 Nov 2009 16:32:50 GMT AP - Iowa Gov. Chet Culver has lifted his suspension of a film promotion tax credit program for projects previously submitted by movie makers, Iowa Attorney General Tom Miller announced. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/us_isakson_interview ap/20091124/us_isakson_interview AP business Tue, 24 Nov 2009 15:56:59 GMT AP - U.S. Sen. Johnny Isakson said there won't be another extension of his homebuyer tax credit after it expires in June. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/us_bailout_balance_sheet ap/20091124/us_bailout_balance_sheet AP business Tue, 24 Nov 2009 19:24:16 GMT AP - Big banks are roaring back. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_re_us/us_sc_governor ap/20091124/us_sc_governor AP us Tue, 24 Nov 2009 23:41:10 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_re_us/us_sc_governor"><img src="http://d.yimg.com/a/p/ap/20091124/capt.b2ffcfca35724d32864d4cf68ddd6a69.sc_governor_ny115.jpg?x=130&y=72&q=85&sig=LXlFuenWTFqJfeFThOfA7g--" align="left" height="72" width="130" alt="FILE - In this Thursday, Sept. 10, 2009 file photo, South Carolina's Gov. Mark Sanford listens as his attorney Butch Bowers talks about the actions of the Ethics Commission during a news conference, at the Statehouse in Columbia, S.C. South Carolina legislators upset with Gov. Mark Sanford's summer disappearance to see his lover in Argentina on Tuesday, Nov. 24, 2009, began debating a measure that ultimately would remove him from office. (AP Photo/Mary Ann Chastain)" border="0" /></a>AP - A cool-headed legal debate has replaced the once-passionate calls to oust Gov. Mark Sanford that began after his tearful summertime admission that he disappeared from the state to pursue an extramarital affair in Argentina.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091124/ap_on_re_us/us_sc_governor"><img src="http://d.yimg.com/a/p/ap/20091124/capt.b2ffcfca35724d32864d4cf68ddd6a69.sc_governor_ny115.jpg?x=130&y=72&q=85&sig=LXlFuenWTFqJfeFThOfA7g--" align="left" height="72" width="130" alt="photo" title="FILE - In this Thursday, Sept. 10, 2009 file photo, South Carolina's Gov. Mark Sanford listens as his attorney Butch Bowers talks about the actions of the Ethics Commission during a news conference, at the Statehouse in Columbia, S.C. South Carolina legislators upset with Gov. Mark Sanford's summer disappearance to see his lover in Argentina on Tuesday, Nov. 24, 2009, began debating a measure that ultimately would remove him from office. (AP Photo/Mary Ann Chastain)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_go_ec_fi/us_economy ap/20091123/us_economy AP business Mon, 23 Nov 2009 23:32:15 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091123/capt.4d38144fc1154f8aa8d9bcfd803ad6b0.home_sales_cars203.jpg?x=130&y=95&q=85&sig=vbjdfG3cLT1xMtXPhEpNcg--" align="left" height="95" width="130" alt="In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (AP Photo/Reed Saxon)" border="0" /></a>AP - First-time buyers taking advantage of a special tax credit gave sales of existing homes in October their biggest surge in a decade, raising hopes for a turnaround in the housing market and pleasing Wall Street.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091123/capt.4d38144fc1154f8aa8d9bcfd803ad6b0.home_sales_cars203.jpg?x=130&y=95&q=85&sig=vbjdfG3cLT1xMtXPhEpNcg--" align="left" height="95" width="130" alt="photo" title="In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (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/usnews/20091123/ts_usnews/homesalespoisedtodipaftertaxcreditrush usnews/20091123/homesalespoisedtodipaftertaxcreditrush U.S. News & World Report business Mon, 23 Nov 2009 22:19:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/usnews/20091123/ts_usnews/homesalespoisedtodipaftertaxcreditrush"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258998984830-2-0.jpg?x=130&y=86&q=85&sig=qA2IYK8bkoB_JOboTcDyBQ--" align="left" height="86" width="130" alt="A sold sign is posted in front of a home for sale in August 2009 in San Francisco, California. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Justin Sullivan)" border="0" /></a>U.S. News & World Report - Although home sales surged last month, many housing experts--and even real estate agents' own trade group--are expecting the market to retrench in the coming months as the jolt from a tax incentive's previously impending deadline subsides. On a seasonal basis, existing home sales jumped 10 percent last month from September and nearly 24 percent from October 2008, the National Association of Realtors reported Monday. ...</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/usnews/20091123/ts_usnews/homesalespoisedtodipaftertaxcreditrush"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258998984830-2-0.jpg?x=130&y=86&q=85&sig=qA2IYK8bkoB_JOboTcDyBQ--" align="left" height="86" width="130" alt="photo" title="A sold sign is posted in front of a home for sale in August 2009 in San Francisco, California. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Justin Sullivan)" border="0"/></a></p><br clear="all"/> (U.S. News & World Report) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_home_sales ap/20091123/us_home_sales AP business Mon, 23 Nov 2009 21:18:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_home_sales"><img src="http://d.yimg.com/a/p/ap/20091123/capt.4d38144fc1154f8aa8d9bcfd803ad6b0.home_sales_cars203.jpg?x=130&y=95&q=85&sig=vbjdfG3cLT1xMtXPhEpNcg--" align="left" height="95" width="130" alt="In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (AP Photo/Reed Saxon)" border="0" /></a>AP - Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_home_sales"><img src="http://d.yimg.com/a/p/ap/20091123/capt.4d38144fc1154f8aa8d9bcfd803ad6b0.home_sales_cars203.jpg?x=130&y=95&q=85&sig=vbjdfG3cLT1xMtXPhEpNcg--" align="left" height="95" width="130" alt="photo" title="In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (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/afp/20091123/pl_afp/useconomypropertysales afp/20091123/useconomypropertysales AFP business Mon, 23 Nov 2009 20:37:58 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091123/pl_afp/useconomypropertysales"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258998984830-2-0.jpg?x=130&y=86&q=85&sig=qA2IYK8bkoB_JOboTcDyBQ--" align="left" height="86" width="130" alt="A sold sign is posted in front of a home for sale in August 2009 in San Francisco, California. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Justin Sullivan)" border="0" /></a>AFP - A rush to cash in tax incentives helped boost sales of existing US homes 10.1 percent in October, according to data Monday showing fresh momentum for the sector at the heart of the economic crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091123/pl_afp/useconomypropertysales"><img src="http://d.yimg.com/a/p/afp/20091123/capt.photo_1258998984830-2-0.jpg?x=130&y=86&q=85&sig=qA2IYK8bkoB_JOboTcDyBQ--" align="left" height="86" width="130" alt="photo" title="A sold sign is posted in front of a home for sale in August 2009 in San Francisco, California. A rush to cash in on tax incentives helped to push up sales of existing US homes by 10.1 percent in October giving momentum to the ailing sector, industry data showed Monday.(AFP/Getty Images/File/Justin Sullivan)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_home_sales_ohio ap/20091123/us_home_sales_ohio AP business Mon, 23 Nov 2009 18:00:05 GMT AP - Home sales have risen in Ohio and across the country thanks to first-time buyers rushing to take advantage of an expiring tax credit. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/bs_nm/us_usa_economy_housing nm/20091123/us_usa_economy_housing Reuters business Mon, 23 Nov 2009 16:51:04 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/bs_nm/us_usa_economy_housing"><img src="http://d.yimg.com/a/p/rids/20091123/i/r197459446.jpg?x=130&y=89&q=85&sig=hE3UR_K10O2Tz311fXx31Q--" align="left" height="89" width="130" alt="A home is seen for sale in the Washington suburb of Takoma Park, Maryland, October 27, 2009. REUTERS/Jim Bourg" border="0" /></a>Reuters - Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/bs_nm/us_usa_economy_housing"><img src="http://d.yimg.com/a/p/rids/20091123/i/r197459446.jpg?x=130&y=89&q=85&sig=hE3UR_K10O2Tz311fXx31Q--" align="left" height="89" width="130" alt="photo" title="A home is seen for sale in the Washington suburb of Takoma Park, Maryland, October 27, 2009. REUTERS/Jim Bourg" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/usnews/20091123/ts_usnews/actnowtoreverse2009minimumplanpayouts usnews/20091123/actnowtoreverse2009minimumplanpayouts U.S. News & World Report topstories Mon, 23 Nov 2009 16:42:17 GMT U.S. News & World Report - Nov. 30 is the deadline for most people to reinvest any unwanted minimum payouts from retirement plans. When people with IRAs, 401(k)s, and other qualifying plans reach the age of 70 and a half, they must begin taking at least minimum required distributions (RMDs) from these plans, according to IRS rules. But there was widespread sentiment to waive this requirement for 2009 RMDs because big 2008 investment losses would have forced many retirees to sell holdings at depressed prices. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/ts_nm/us_usa_economy_homes nm/20091123/us_usa_economy_homes Reuters business Mon, 23 Nov 2009 15:54:50 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/ts_nm/us_usa_economy_homes"><img src="http://d.yimg.com/a/p/rids/20091123/i/r1751522891.jpg?x=130&y=85&q=85&sig=4drUqmP7giKrvi6XkNS7Mg--" align="left" height="85" width="130" alt="A "for sale" sign sits outside a house in Miami Beach October 22, 2009. REUTERS/Carlos Barria" border="0" /></a>Reuters - Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091123/ts_nm/us_usa_economy_homes"><img src="http://d.yimg.com/a/p/rids/20091123/i/r1751522891.jpg?x=130&y=85&q=85&sig=4drUqmP7giKrvi6XkNS7Mg--" align="left" height="85" width="130" alt="photo" title="A "for sale" sign sits outside a house in Miami Beach October 22, 2009. REUTERS/Carlos Barria" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091123/ap_on_bi_ge/us_apnewsalert ap/20091123/us_apnewsalert AP business Mon, 23 Nov 2009 23:28:34 GMT AP - CPSC: More than 2 million dropside baby cribs being recalled in US and Canada. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_earns_dr_horton ap/20091120/us_earns_dr_horton AP business Fri, 20 Nov 2009 22:20:15 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_earns_dr_horton"><img src="http://d.yimg.com/a/p/ap/20091120/capt.b3ff609a743d45698e968706e2939365.earns_dr_horton_nybz165.jpg?x=130&y=79&q=85&sig=kHmkS26vlgnbeNAFIR5h3g--" align="left" height="79" width="130" alt="FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc. are shown in Cahndler, Ariz.D.R. Horton Inc. said Fridauy, Nov. 20, 2009, its loss in its fiscal fourth quarter narrowed despite a plunge in revenue as the homebuilder wrote down fewer costs.(AP Photo/Ross D. Franklin, file)" border="0" /></a>AP - Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_earns_dr_horton"><img src="http://d.yimg.com/a/p/ap/20091120/capt.b3ff609a743d45698e968706e2939365.earns_dr_horton_nybz165.jpg?x=130&y=79&q=85&sig=kHmkS26vlgnbeNAFIR5h3g--" align="left" height="79" width="130" alt="photo" title="FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc. are shown in Cahndler, Ariz.D.R. Horton Inc. said Fridauy, Nov. 20, 2009, its loss in its fiscal fourth quarter narrowed despite a plunge in revenue as the homebuilder wrote down fewer costs.(AP Photo/Ross D. Franklin, file)" border="0"/></a></p><br clear="all"/> (AP)