Former owner of a temporary employment agency in Quincy convicted of tax evasion
BOSTON – The former owner of a temporary employment agency in Quincy was sentenced to prison and ordered to pay more than $800,000 in restitution on Wednesday in U.S. District Court in Boston for tax and mail fraud. Judge Richard…
This required minimum distribution strategy helps avoid tax penalties
Aire Pictures | Moment | Retirees may have income from Social Security, a pension, a retirement plan or other sources – and they typically must either have taxes withheld or make quarterly payments to avoid IRS penalties. For 2024, the…
Senator Schumer promises to lift cap on SALT tax deductions
2 minutes reading time Gottheimer and Pascrell talk about the SALT trigger Reps. Josh Gottheimer and Bill Pascrell say Democrats will introduce a bill in the next Congress to restore the SALT deduction. Richard Cowen, NorthJersey.com The controversial cap on…
Montana Dems offer real solution to lower property taxes
Kim Abbott This week I read with great interest the recommendations of the Governor’s Task Force on Property Tax. The Republican failure on property tax is well documented. Last legislative session, they had everything they needed to fix property taxes…
Trump and Harris present different visions for tax policy
Enjoy free access to the best ideas and insights – selected by our editors. The race for the White House has become more exciting since President Joe Biden announced he would not seek re-election. Tax experts are closely examining both…
Mayor of Oklahoma City: Vote yes on Tuesday and support tax increase for hotels and motels
OKC Mayor David Holt | Guest columnist Together, we’ve built a city that attracts more visitors, conventions and special events than ever before. In fact, Oklahoma City’s tourism economy generates billions of dollars in economic output and hundreds of millions…
Sarasota City Commission lifts property tax exemption for some property owners
The Sarasota City Commission doubled the property tax exemption for some elderly homeowners to $50,000, effective Jan. 1, 2025. The measure was approved by vote on Monday. The exemption only applies to homeowners age 65 and older with a household…
Gilbert spy leads to massive tax arrears for auto parts dealer from another state
After the Arizona Department of Revenue retroactively assessed an online auto parts retailer $11 million in sales tax, the company is asking the state Supreme Court to take up the case. RockAuto, based in Wisconsin, has not paid state sales…
Kentucky meets lawmakers’ conditions to cut income tax in 2026
FRANKFORT, Ky. (AP) — Kentucky has met the necessary financial conditions to move ahead with another state income tax cut that could take effect in 2026, top Republican lawmakers said Wednesday. State budget officials confirmed that the financial conditions have…
Bellevue Mayor Expresses Frustration Over Nebraska’s New Tax Plan
OMAHA, Nebraska (WOWT) – Another Omaha metropolitan mayor is raising serious concerns about the recently passed property tax cut plan. Bellevue plans to build a 100,000-square-foot water park that will attract hundreds of thousands of people. The city also wants…
