How Thieves Use Realistic Tax Notices To Trick Taxpayers
Think you might owe tax? Make sure that the notice is legitimate before responding immediately. Here’s how scammers are capitalizing on taxpayer fear and confusion.
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Online Sales Tax Battle Heats Up
Congress was back at it this week, trying to reach an agreement on spending. If there’s no bill in place by midnight Friday, we’ll see another government shutdown. In the middle of the battle, there may be a twist: the rush to regulate online sales tax.
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Online Cyber Monday Shoppers Hope To Score Deals And Not Pay Tax
Every state that imposes a state sales tax also imposes a state use tax. But chances are that online shoppers taking advantage of Cyber Monday sales from retailers who don’t collect a tax won’t be reporting and paying on their own.
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This Holiday Season May Be Your Last Chance To Deduct Sales Taxes
Save those holiday receipts because you might be able to deduct them on your federal income tax return – but it might be for the last time. The tax reform bill currently in Congress would eliminate the sales tax deduction, along with the state and local income tax deduction.
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Halloween Spending To Top $6Halloween Spending To Top $6.9 Billion In 2015, Filling Sales Tax Coffers
From pumpkins to costumes to candy, Americans are expected to spend up to $6.9 billion on Halloween sales in 2015. According to the National Retail Federation, 157 million Americans will scare up an average of $74 per person in Halloween holiday spending. You know, of course, that I’m one of those folks who goes crazy…
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Hot Diggity! Considering The 'Hot Dog Tax' On National Hot Dog Day
Mustard or ketchup? These are the kinds of pressing questions the nation faces today because it’s National Hot Dog Day. I know what you’re thinking: who knew hot dogs had their own day? They do. They have their own month, too: National Hot Dog Day is part of National Hot Dog Month (I kid you…
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The Highest Sales Tax Rate In The Country Is In…
Chicago! Yes, it turns out that Chicago is #1. For sales tax, that is. Following a vote earlier this week by Cook County commissioners, the city will regain its infamous status as the highest taxed municipality in the country. The sales tax boost of 1% is county wide and will increase the sales tax rate…
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Shopping On Thanksgiving? Some Retailers Stay Open, Hoping To Capture Holiday Sales
I’m not going shopping today. I’m not making some kind of a statement. I simply have too much to do: there are breads to bake, casseroles to heat and pie crusts to roll out in advance of dinner for fifteen people. There is hot chocolate to be made for those braving the sledding hills. There…
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Internet Tax Ban Ending Soon: Speaker Boehner Hopes To Keep Internet Tax Free
With Black Friday on its way, will the internet stay tax free? Speaker Boehner has signaled that he will not support the Main Street Fairness Act. However, with the moratorium on taxing internet access under the Internet Tax Freedom Act about to expire, is there room for compromise?
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Walmart Settles False Advertising Claims Tied To ‘Sugar Tax’ On Coca-Cola
New York might have failed in its efforts to tax sugary sodas but that didn’t keep retail giant Walmart from trying to tax it anyway. This week, New York Attorney General Eric T. Schneiderman announced that the state reached a settlement with Wal-Mart Stores, Inc. (also known as Walmart) over false advertising claims. The settlement…
