Income Tax
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New Minnesota tax law proposal has many significant changes
Minnesota Governor Mark Dayton released his state budget proposal on Tuesday morning, a package that includes some significant changes to the state's tax code.
Payroll provider gets 15 years prison for employment tax fraud
A Winston-Salem, North Carolina, man was sentenced in federal court today to 15 years, five months in prison for employment tax fraud.
29 year-old CPA is youngest in U.S. Congress; 10 CPAs Now in Congress
There are 10 Certified Public Accountants serving in Congress.
Wind power still in limbo despite renewed tax break
After much dithering, Congress earlier this month gave a lift to wind-power producers by renewing a tax credit worth more than $12 billion over the next decade.
Michigan Supreme Court Justice charged with bank fraud
Michigan Supreme Court Justice Diane Hathaway, retiring Monday after accusations of fraudulent personal real estate dealings, now faces a federal bank fraud charge for allegedly transferring a home she owned in Florida to allow for the short sale of her home in Grosse Pointe Park.
Former Colorado nonprofit exec pleads guilty to theft
A former nonprofit director accused of stealing more than $73,000 from a charity pleaded guilty to theft Monday in Fremont County, Colorado, District Court.
City sues CPAs over audit; Comptroller admitted $54M theft
A city's former comptroller is heading to prison and the accounting firm that performed municipal audits is being sued for not noticing the theft of $54 million over a decade.
Massachusetts Gov. wants to lower sales tax, increase income tax
Critics contend Gov. Deval Patrick's call to raise the income tax will kill jobs and make the state less competitive, but supporters say it will pay for itself and spur growth.