Income Tax

Attempting to establish residency elsewhere -- especially in such states as Nevada, Texas and Florida that have no income or estate tax -- is not a new strategy for wealthy Minnesotans. But the creation of the new, higher top income bracket has raised the stakes.

A new Wisconsin law expanding tax exemptions for updating agricultural businesses such as feed mills "essentially levels the playing field for local companies and farmers," said Senate co-sponsor Jennifer Shilling, D-La Crosse.

The sponsors of a bill to legalize marijuana possession in Rhode Island said Wednesday that the decades-old war on drugs has failed and that regulation is the answer.

Advocates of raising the minimum wage in Oklahoma City will continue collecting initiative petition signatures, Tim O'Connor, president of the Central Oklahoma Labor Federation, said Wednesday.

Nonprofit cloud software provider Aplos Software LLC has raised two million dollars in new funding, the company announced on Wednesday. It plans on using the funding to expand the Aplos nonprofit software suite and to open it to API integration. T

Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees the IRS.

Accounting offices across the country have started transitioning to offices that allow staff to work anywhere, anytime. This has led to many professionals “burning the midnight oil” to get more done at a time when everything else slows down.

It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.