Income Tax

A former Wells Fargo Bank employee in Anchorage admitted in federal court Thursday that she helped members of an identity theft and tax fraud ring open illegitimate bank accounts and cash fraudulent checks.

Prosecutors took a tougher stand against Jesse Jackson Jr. than his wife, Sandi, because they viewed him as the one who enabled the couple's seven-year $750,000 spending binge in which campaign dollars were spent on luxury goods, celebrity memorabilia, spa treatments and even a trip to Disney World.

Feb. 23 — Before jurors left the courtroom to deliberate, the prosecutor took a final shot at the six former City Council members accused of corruption. “The one-percenters of Bell,” he called them, a band of small-town politicians who had “apparently forgotten who they are and where they live.” After four weeks of testimony, a […]

People considering a vacation home need to consider other costs, like taxes.

The Virginia State Senate voted 31-8 on Friday to approve amendments to the state’s two-year budget, including language to allow Medicaid expansion pending reforms in the state’s program. Twelve senators lodged a protest against the Medicaid language after Lt. Gov. Bill Bolling ruled that it could not be separated from the budget for a separate […]

A Lancaster, Pennsylvania restaurant company is facing mounting tax bills, which have grown to more than $2 million. The Keares Restaurant Group now has $2.2 million in federal tax liens for unpaid taxes, penalties and interest on several businesses, some that have been closed for more than 10 years. The recently filed liens include: $932,680 […]

The standard mileage rates for business travel expenses for 2013. Also, medical mileage rates, moving driving rates, and charitable driving rates for deduction purposes.

Three people involved in a fraudulent tax-refund scheme were sentenced Thursday in federal court in Orlando for conspiring to defraud the government.