From the category archives:

corporate

Tax Horror Stories Giveaway

24 January 2012

Everyone has a story about a tax return gone bad. And this is your chance to turn your bad tax move into a good one… Have a horrible tax filing story? Car break down blocks from the post office? Ran out of paper in the printer? Dog ate your return? Tell me your worst tax [...]

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IRS Offers Relief for Credit Card Reporting Requirements

1 November 2011

Panicked about those new form 1099-K (Merchant Card and Third Party Network Payments) requirements? Take a breath. The IRS has already figured out that things aren’t going terribly smoothly and is, as a result, offering “special transitional relief” for taxpayers and service providers. Contrary to some internet rumors, this isn’t the same as a free [...]

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Bank Of America Officially Ditches Debit Card Fees

1 November 2011

Ah, insanely crazy debit fees, we hardly knew ye… Earlier this year, Bank of America announced plans to charge debit card customers a $5 monthly fee for simply existing and then tried to pass off the fees as a tax. The backlash was swift and painful. Just last week, Bank of America’s competitors, Chase and [...]

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Big Banks Switch Course on Debit Card Fees

29 October 2011

I was wrong. There, I said it. I was absolutely convinced that Bank of America‘s plan to charge its own customers fees for using their own debit cards would stick. I was also convinced that Bank of America’s competitors, Chase and Wells Fargo, would jump on the customer gouging bandwagon. After all, it’s happened before, [...]

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New Credit Card Reporting Requirement Worries Some Taxpayers

25 October 2011

And you thought bank fees were bad… There’s a new form on the block, Form 1099-K, Merchant Card and Third Party Network Payments, making its debut in a few months, just in time for the 2012 filing season. The form is the result of new compliance reporting requirements for certain credit card and third party [...]

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Bank of America Debit Card Fees Slammed as “Durbin Tax”

4 October 2011

I know I’m dating myself but I remember when people used to pay for purchases in cash and occasionally, with checks. Not so much anymore. Now, debit cards are all the rage. You know the ones (of course, since you likely have one). They look and function much like credit cards – only except instead [...]

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Congress Tells Airlines To Stop Pocketing Extra Fares

27 July 2011

Just a few days ago, we found out exactly what airlines thought of consumers when, after a lapse in the law allowed travelers to catch a bit of a break, a number of major carriers found a way to turn it to their advantage. The glitch meant that airlines wouldn’t be collecting taxes while the [...]

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Congress Offers Tax Free Flights… For Now

23 July 2011

As Congress and the President collectively stomp their feet and stick their tongues out at each other over the debt ceiling, frequent travelers are catching something of a break… It turns out that one of the tax measures that has not been resolved involves federal taxes on airline tickets. Since Congress has not confirmed the [...]

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Amazon Fights Back Against Online Sales Tax Law

13 July 2011

Quick, show of hands: who wants to pay more in taxes? That’s what I thought. Clearly, Amazon.com is right. The online retail giant is planning on asking voters to chime in on whether they want to pay more in taxes. Okay, not exactly. They’re really asking voters in California to overturn the controversial new state law requiring [...]

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Fix the Tax Code Friday: Lower Tax Rates

10 June 2011

It’s the return of Fix the Tax Code Friday! Earlier this month, executives from Boeing Co., Sears Holding Management Corp., Emerson Electric Co. and Perrigo Co., told members of Congress that they would will be willing to give up tax breaks in exchange for a lower corporate tax rate. This is consistent with a recent [...]

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