Income Tax

The Iowa Senate voted 43-6 Wednesday to pass a wide-ranging, historic tax relief package that will benefit all property classes, provide an estimated $120 credit to income taxpayers, and give a break to low-income working families.

New businesses would operate completely tax free for 10 years, including no income tax for employees, as well as no sales, property or business taxes.

The Internal Revenue Service has slammed the Miccosukee Indians with a bill of $170 million for the West Miami-Dade tribe's failure to report and withhold taxes from its distribution of gambling profits to tribal members, according to court records.

Sen. John McCain, R-Ariz, charged at the hearing that Apple's tax practices violated the spirit of the law and, in a statement Monday, called them "highly questionable."

Even after the dismissal of the acting IRS Commissioner and a top deputy who oversaw the tax-exempt division, the problems at the Internal Revenue Service seem to keep growing.

A Florida investigation into a $3 million Medicaid fraud scheme surrounding an Orlando woman and her mental-health service business has led to the arrests of several of her employees, who are accused of double-billing and taking kickbacks.

He was sentenced to one year and one day of prison by United States District Judge Arthur J. Schwab for evading taxes on several lottery and gambling winnings. The retiree also was given a $3,000 fine and ordered to pay full restitution of $132,445 in back taxes, penalties and interest.

With the many new employer tax laws and credits that have gone into effect over the past couple of years, there's little doubt that some small businesses are still unsure of many reporting requirements. For those considering the federal Work Opportunity Tax Credit (WOTC), there's now an easier way to stay in compliance.