Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1445 business Business - Taxes and Tax Season en-us Tue, 24 Nov 2009 00:05:01 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/20091124/ap_on_re_us/us_sc_governor ap/20091124/us_sc_governor AP us Tue, 24 Nov 2009 00:05:01 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/20091123/capt.98b2d85a0c224a4aa6522b0f26103155.sc_governor_ny123.jpg?x=76&y=130&q=85&sig=K0ohdgCZqi_n6n1OCJ.21g--" align="left" height="130" width="76" alt="FILE - In this file photo taken Aug. 13, 2009 South Carolina Gov. Mark Sanford attends a meeting in Columbia, S.C. Sanford faces ethics charges he broke state laws more than three dozen times by violating rules on airplane travel and campaign money, according to details of the allegations released Monday, Nov. 23, 2009. Sanford's lawyers have claimed the allegations involve minor and technical aspects of the law. (AP Photo/Mary Ann Chastain, File)" border="0" /></a>AP - Gov. Mark Sanford is accused of breaking 37 ethics laws regarding campaign finances and travel, including using taxpayer money for high-priced airplane tickets that took him around the world and to Argentina for a rendezvous with the woman he once called his "soul mate."</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/20091123/capt.98b2d85a0c224a4aa6522b0f26103155.sc_governor_ny123.jpg?x=76&y=130&q=85&sig=K0ohdgCZqi_n6n1OCJ.21g--" align="left" height="130" width="76" alt="photo" title="FILE - In this file photo taken Aug. 13, 2009 South Carolina Gov. Mark Sanford attends a meeting in Columbia, S.C. Sanford faces ethics charges he broke state laws more than three dozen times by violating rules on airplane travel and campaign money, according to details of the allegations released Monday, Nov. 23, 2009. Sanford's lawyers have claimed the allegations involve minor and technical aspects of the law. (AP Photo/Mary Ann Chastain, File)" 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_ge/us_business_highlights ap/20091123/us_business_highlights AP business Mon, 23 Nov 2009 22:39:16 GMT AP - Tax credit gives home sales best boost in decade 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) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_colorado_lobbyists ap/20091120/us_colorado_lobbyists AP science Fri, 20 Nov 2009 21:12:44 GMT AP - At a time of budget cuts, Democratic Gov. Bill Ritter's administration last year paid employees and outside contractors $1.1 million to lobby Colorado lawmakers on legislation ranging from renewable energy tax credits to increasing motor vehicle license fees. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/bloomberg/20091120/pl_bloomberg/ai4idhyual94 bloomberg/20091120/ai4idhyual94 Bloomberg politics Fri, 20 Nov 2009 20:28:57 GMT Bloomberg - Nov. 20 (Bloomberg) -- Carl Levin, chairman of the Senate Armed Services Committee, said higher-income Americans should be taxed to pay for additional troops sent to Afghanistan and that NATO should provide half of the new soldiers. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/bloomberg/20091120/pl_bloomberg/aiblru6qczla bloomberg/20091120/aiblru6qczla Bloomberg politics Fri, 20 Nov 2009 16:21:56 GMT Bloomberg - Nov. 20 (Bloomberg) -- House Democrats plan to move next month to renew about $30 billion in tax breaks before they expire at year’s end, including a research credit promoted by companies such as Dow Chemical Co. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_tax_gridlock_ohio ap/20091120/us_tax_gridlock_ohio AP business Fri, 20 Nov 2009 16:12:30 GMT AP - A few moderate Ohio senators trying to craft a compromise to fix Ohio's budget gap are being thwarted by two opposing forces: the majority of Republican senators who adamantly oppose any portion of Gov. Ted Strickland's tax cut delay, and the Democratic governor's outright rejection of the compromise. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_health_care_overhaul ap/20091120/us_health_care_overhaul AP business Fri, 20 Nov 2009 23:21:58 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_health_care_overhaul"><img src="http://d.yimg.com/a/p/ap/20091120/capt.d0e0984d1c5c4d42a360660bb9f27ba6.health_care_overhaul_dcmc104.jpg?x=130&y=79&q=85&sig=t3V11dzSg1ICSWRGdbJQPQ--" align="left" height="79" width="130" alt="Senate Majority Whip Richard Durbin of Ill., right, accompanied by Sen. Jack Reed, D-R.I., gestures during a health care reform news conference on Capitol Hill in Washington, Friday, Nov. 20, 2009. (AP Photo/Manuel Balce Ceneta)" border="0" /></a>AP - Suitably opaque, Section 2006 takes up only a few dozen lines in a sweeping health care bill that runs to 2,074 pages and mentions neither Sen. Mary Landrieu nor her state of Louisiana.</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_health_care_overhaul"><img src="http://d.yimg.com/a/p/ap/20091120/capt.d0e0984d1c5c4d42a360660bb9f27ba6.health_care_overhaul_dcmc104.jpg?x=130&y=79&q=85&sig=t3V11dzSg1ICSWRGdbJQPQ--" align="left" height="79" width="130" alt="photo" title="Senate Majority Whip Richard Durbin of Ill., right, accompanied by Sen. Jack Reed, D-R.I., gestures during a health care reform news conference on Capitol Hill in Washington, Friday, Nov. 20, 2009. (AP Photo/Manuel Balce Ceneta)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091120/pl_afp/usafghanistanpoliticscongresstax afp/20091120/usafghanistanpoliticscongresstax AFP politics Fri, 20 Nov 2009 00:12:32 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091120/pl_afp/usafghanistanpoliticscongresstax"><img src="http://d.yimg.com/a/p/afp/20091120/capt.photo_1258675166314-1-0.jpg?x=130&y=87&q=85&sig=8z9htfx8seh.UpbDWjm9sQ--" align="left" height="87" width="130" alt="US Marines of 2nd Battalion 2 Marines of 2nd Marine Expeditionary Brigade patrol with the Afghan National Army in Mian Poshteh in Helmand Province. Influential US lawmakers on Thursday called for levying a new income tax to pay for the war in Afghanistan, warning its costs pose a mortal threat to efforts like a sweeping health care overhaul.(AFP/Manpreet Romana)" border="0" /></a>AFP - Influential US lawmakers on Thursday called for levying a new income tax to pay for the war in Afghanistan, warning its costs pose a mortal threat to efforts like a sweeping health care overhaul.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/afp/20091120/pl_afp/usafghanistanpoliticscongresstax"><img src="http://d.yimg.com/a/p/afp/20091120/capt.photo_1258675166314-1-0.jpg?x=130&y=87&q=85&sig=8z9htfx8seh.UpbDWjm9sQ--" align="left" height="87" width="130" alt="photo" title="US Marines of 2nd Battalion 2 Marines of 2nd Marine Expeditionary Brigade patrol with the Afghan National Army in Mian Poshteh in Helmand Province. Influential US lawmakers on Thursday called for levying a new income tax to pay for the war in Afghanistan, warning its costs pose a mortal threat to efforts like a sweeping health care overhaul.(AFP/Manpreet Romana)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091119/ap_on_bi_ge/us_culver_tax_credits_iowa ap/20091119/us_culver_tax_credits_iowa AP business Thu, 19 Nov 2009 22:24:36 GMT AP - Iowa Gov. Chet Culver is ordering a review of 30 tax credit programs administered by six state agencies to determine if they are meeting goals established when they were enacted. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091119/ap_on_bi_ge/us_tax_credits ap/20091119/us_tax_credits AP business Thu, 19 Nov 2009 20:16:56 GMT AP - More than 314,000 taxpayers made inaccurate claims for a popular tax credit that helps pay college expenses, getting $532 million they weren't entitled to receive, a government report said Thursday. http://us.rd.yahoo.com/dailynews/rss/taxes/*http://news.yahoo.com/s/ap/20091119/ap_on_bi_ge/us_tax_vote_ohio ap/20091119/us_tax_vote_ohio AP business Thu, 19 Nov 2009 16:23:48 GMT AP - Ohio lawmakers were deadlocked once again on how to fix Ohio's budget, as a Senate Republican proposal blending most of Gov. Ted Strickland's tax cut delay with a slew of other funding sources met with swift Democratic opposition.