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.
Read MoreTag: sales-tax
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.
Read MoreThis 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.
Read MoreHalloween 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
Read MoreHot 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:
Read MoreThe 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
Read MoreShopping 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,
Read MoreInternet 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.
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