Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1445 business Business - Taxes and Tax Season en-us Fri, 06 Nov 2009 23:41:04 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/20091106/ap_on_bi_ge/us_budget_cuts_colorado ap/20091106/us_budget_cuts_colorado AP business Fri, 06 Nov 2009 23:41:04 GMT AP - Facing an expected $1 billion shortfall in next year's budget, Colorado Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online purchases. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/usnews/20091106/ts_usnews/expandedfirsttimehomebuyertaxcreditbecomeslaw usnews/20091106/expandedfirsttimehomebuyertaxcreditbecomeslaw U.S. News & World Report topstories Fri, 06 Nov 2009 21:35:16 GMT U.S. News & World Report - In the hopes of sustaining the real estate market's recent momentum, Uncle Sam has made more than two-thirds of current homeowners and nearly all first-time buyers eligible for thousands of dollars in tax perks when they purchase a house. President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law Friday, a day after the House of Representatives approved it by a 403-to-12 vote. The legislation includes language that significantly expands the popular first-time home buyer tax credit that was enacted in February. ... http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/bloomberg/20091106/pl_bloomberg/akhy5kehrw1k bloomberg/20091106/akhy5kehrw1k Bloomberg politics Fri, 06 Nov 2009 21:13:48 GMT Bloomberg - Nov. 6 (Bloomberg) -- A government report that the U.S. unemployment rate hit a 26-year high of 10.2 percent last month sparked political clashes between Democrats who supported government spending to stimulate the economy and Republicans who want tax cuts. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_ubs_secrets ap/20091106/us_ubs_secrets AP business Fri, 06 Nov 2009 17:36:59 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_ubs_secrets"><img src="http://d.yimg.com/a/p/ap/20091107/capt.c83b01e768fc46beabeb647ee85f3437.ubs_secrets_nybz204.jpg?x=130&y=82&q=85&sig=tiRHwNJASFJM6n.XyzWTnA--" align="left" height="82" width="130" alt="FILE - In this Feb. 20, 2009 file photo, the UBS logo is seen at the the Swiss Bank's headquarters building in Zurich, Switzerland. (AP Photo/Keystone/Walter Bieri, File )" border="0" /></a>AP - A Florida yacht broker who admitted filing a false U.S. tax return and concealing millions of dollars in a secret account at Swiss bank UBS AG was sentenced Friday to two months in prison.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_ubs_secrets"><img src="http://d.yimg.com/a/p/ap/20091107/capt.c83b01e768fc46beabeb647ee85f3437.ubs_secrets_nybz204.jpg?x=130&y=82&q=85&sig=tiRHwNJASFJM6n.XyzWTnA--" align="left" height="82" width="130" alt="photo" title="FILE - In this Feb. 20, 2009 file photo, the UBS logo is seen at the the Swiss Bank's headquarters building in Zurich, Switzerland. (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/bloomberg/20091106/pl_bloomberg/axkdm5xyuyfe bloomberg/20091106/axkdm5xyuyfe Bloomberg politics Fri, 06 Nov 2009 17:11:29 GMT Bloomberg - Nov. 6 (Bloomberg) -- A government report that the U.S. unemployment rate hit a 26-year high of 10.2 percent sparked new political clashes between Democrats who supported government spending to stimulate the economy and Republicans who want tax cuts. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying ap/20091106/us_tax_cuts_lobbying AP business Fri, 06 Nov 2009 16:55:38 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying"><img src="http://d.yimg.com/a/p/ap/20091105/capt.eec1634da48f457b8bd3d6b00830ca11.homebuyers_tax_credit_ohtd101.jpg?x=130&y=72&q=85&sig=cJqfOZ713B2iCHgMxTThdw--" align="left" height="72" width="130" alt="A sign rests in front of a house for sale Wednesday, Nov. 4, 2009, in Shelby, Ohio. Buying a home is about to get cheaper for a whole new crop of homebuyers &mdash; $6,500 cheaper. (AP Photo/Tony Dejak)" border="0" /></a>AP - Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_tax_cuts_lobbying"><img src="http://d.yimg.com/a/p/ap/20091105/capt.eec1634da48f457b8bd3d6b00830ca11.homebuyers_tax_credit_ohtd101.jpg?x=130&y=72&q=85&sig=cJqfOZ713B2iCHgMxTThdw--" align="left" height="72" width="130" alt="photo" title="A sign rests in front of a house for sale Wednesday, Nov. 4, 2009, in Shelby, Ohio. Buying a home is about to get cheaper for a whole new crop of homebuyers &mdash; $6,500 cheaper. (AP Photo/Tony Dejak)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_go_pr_wh/us_obama_preview ap/20091106/us_obama_preview AP politics Fri, 06 Nov 2009 10:17:24 GMT AP - President Barack Obama is set to sign a bill extending jobless benefits 20 weeks and prolonging the $8,000 homebuyer tax credit. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers ap/20091106/us_jobless_benefits_homebuyers AP business Fri, 06 Nov 2009 23:56:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.bc84f7a341a54082a1a68b01c37abc9a.obama_dcsw107.jpg?x=88&y=130&q=85&sig=91PhN9Pg32X42rIps7Nm7w--" align="left" height="130" width="88" alt="White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)" border="0" /></a>AP - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.bc84f7a341a54082a1a68b01c37abc9a.obama_dcsw107.jpg?x=88&y=130&q=85&sig=91PhN9Pg32X42rIps7Nm7w--" align="left" height="130" width="88" alt="photo" title="White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/bloomberg/20091106/pl_bloomberg/ahf3qbloixvs bloomberg/20091106/ahf3qbloixvs Bloomberg business Fri, 06 Nov 2009 05:01:00 GMT Bloomberg - Nov. 6 (Bloomberg) -- President Barack Obama is set to sign into law a bill that extends $8,000 tax credits for first- time homebuyers and unemployment benefits. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_go_co/us_homebuyers_tax_credit ap/20091106/us_homebuyers_tax_credit AP business Fri, 06 Nov 2009 01:43:47 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_go_co/us_homebuyers_tax_credit"><img src="http://d.yimg.com/a/p/rids/20091019/i/r4278747756.jpg?x=130&y=86&q=85&sig=k4mt1B7FqS4z.JZtpwd0ZQ--" align="left" height="86" width="130" alt="Real estate signs are seen in the front yards of houses in this file photo taken in Maricopa, Arizona in this May 27, 2009 file photo. The Obama administration on Monday launched a new program to aid state and local housing finance agencies in an effort to provide hundreds of thousands of affordable mortgages and develop or rehabilitate tens of thousands of rental properties. REUTERS/Joshua Lott/Files" border="0" /></a>AP - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_go_co/us_homebuyers_tax_credit"><img src="http://d.yimg.com/a/p/rids/20091019/i/r4278747756.jpg?x=130&y=86&q=85&sig=k4mt1B7FqS4z.JZtpwd0ZQ--" align="left" height="86" width="130" alt="photo" title="Real estate signs are seen in the front yards of houses in this file photo taken in Maricopa, Arizona in this May 27, 2009 file photo. The Obama administration on Monday launched a new program to aid state and local housing finance agencies in an effort to provide hundreds of thousands of affordable mortgages and develop or rehabilitate tens of thousands of rental properties. REUTERS/Joshua Lott/Files" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/ks_kansas_budget ap/20091106/ks_kansas_budget AP business Fri, 06 Nov 2009 01:17:01 GMT AP - A group of economists and policy-makers slashed Kansas tax collection estimates Thursday by $235 million, reflecting signs of continued weakness in the state economy. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/bloomberg/20091105/pl_bloomberg/an1ld3iipgsi bloomberg/20091105/an1ld3iipgsi Bloomberg business Thu, 05 Nov 2009 23:42:39 GMT Bloomberg - Nov. 5 (Bloomberg) -- Congress gave final approval to legislation expanding an $8,000 tax credit for first-time homebuyers, extending unemployment benefits and providing tax refunds to money-losing companies. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091105/pl_afp/uspoliticsunemployment afp/20091105/uspoliticsunemployment AFP business Thu, 05 Nov 2009 20:50:25 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091105/pl_afp/uspoliticsunemployment"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257454140506-1-0.jpg?x=130&y=86&q=85&sig=dfysSE3sl.lzEgdWdJz42w--" align="left" height="86" width="130" alt="Job seekers speak with recruiters at a job fair in Oak Brook, Illinois in October 2009. With jobless numbers sky-high and year-end holidays close at hand, the US Congress passed legislation Wednesday to extend unemployment benefits and expand a vastly popular tax credit for homebuyers.(AFP/Getty Images/File/Scott Olson)" border="0" /></a>AFP - With jobless numbers sky-high and year-end holidays close at hand, the US Congress passed legislation to extend unemployment benefits and expand a vastly popular tax credit for homebuyers.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091105/pl_afp/uspoliticsunemployment"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257454140506-1-0.jpg?x=130&y=86&q=85&sig=dfysSE3sl.lzEgdWdJz42w--" align="left" height="86" width="130" alt="photo" title="Job seekers speak with recruiters at a job fair in Oak Brook, Illinois in October 2009. With jobless numbers sky-high and year-end holidays close at hand, the US Congress passed legislation Wednesday to extend unemployment benefits and expand a vastly popular tax credit for homebuyers.(AFP/Getty Images/File/Scott Olson)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_obama_jobless_benefits_homebuyers ap/20091105/us_obama_jobless_benefits_homebuyers AP business Thu, 05 Nov 2009 19:56:43 GMT AP - The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091105/ts_nm/us_usa_economy_congress nm/20091105/us_usa_economy_congress Reuters business Thu, 05 Nov 2009 19:52:28 GMT Reuters - The U.S. Congress approved more aid for jobless workers and broadened tax breaks for homebuyers and businesses on Thursday and sent the measure to President Barack Obama to sign into law. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091105/ts_nm/us_crime_usa_kerik nm/20091105/us_crime_usa_kerik Reuters topstories Thu, 05 Nov 2009 19:25:28 GMT Reuters - Former New York City Police Commissioner Bernard Kerik pleaded guilty on Thursday to lying to White House officials and tax evasion charges in a deal that could send him to prison for almost three years. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_apnewsalert ap/20091105/us_apnewsalert AP business Thu, 05 Nov 2009 19:21:53 GMT AP - Bill to extend unemployment benefits and expand tax credit for homebuyers goes to president. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/cq/20091105/pl_cq_politics/politics3241871 cq/20091105/politics3241871 CQPolitics.com business Thu, 05 Nov 2009 19:03:18 GMT CQPolitics.com - With rare bipartisan enthusiasm, the House on Thursday was preparing to clear legislation that will extend unemployment benefits for jobless Americans across the nation, continue a popular tax credit for homebuyers and offer tax relief to money-losing businesses. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_earns_omnicare ap/20091105/us_earns_omnicare AP business Thu, 05 Nov 2009 16:46:10 GMT AP - Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, said Thursday its third-quarter profit rose 13 percent as lower costs and an income tax adjustment offset a dip in revenue. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_usa_economy_congress_senate nm/20091105/us_usa_economy_congress_senate Reuters business Thu, 05 Nov 2009 10:58:14 GMT Reuters - The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.