U.S. Interior Secretary Ken Salazar said in Detroit Friday that he has ordered a review of rules governing the use of historic preservation tax credits with a view to making the credits easier to use in cities like Detroit.
Several senators are drafting a proposal that would raise the state sales tax by a penny to pay for specific transportation projects. Part of the money would be allotted to cities and counties for upkeep of local roads and bridges. The 1-cent tax would expire in 10 years.
The governor wants to wipe away the income deduction claimed by Kansans for property taxes they pay on their homes. Nixing that deduction would raise revenue, at least partially offsetting the lower state income tax rates Brownback wants to adopt.
There are hundreds, if not thousands, of cases each year of uncredentialed "kitchen counter" tax preparers misleading consumers and filing illegal returns. Just this week, we have three more examples:
This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.
Nebraska's individual and business taxes would be eliminated under a new tax plan outlined by Gov. Dave Heineman on Jan. 18. To make up for lost income tax revenue, the plan would end sales tax exemptions on products from agricultural machinery and chemicals to medicine and medical equipment.
Greatland Extends Filing Hours to 8 p.m. January 31, Guarantees Deadline Compliance
The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.