Mar 12, 2010
The average US state sales-tax level has risen to an 5.468 percent, the highest since records began in 1982. The number of regions opting to raise their sales taxes has also reached record highs.
The 25th annual 2009 Sales Tax Rate Report, released on March 3rd by the tax software provider Vertex, shows that in an [...]
The average US state sales-tax level has risen to an 5.468 percent, the highest since records began in 1982. The number of regions opting to raise their sales taxes has also reached record highs.
The 25th annual 2009 Sales Tax Rate Report, released on March 3rd by the tax software provider Vertex, shows that in an attempt to bolster state coffers and decrease the impact of a weakened economy, the states of California, Delaware, Minnesota, Massachusetts, North Carolina, Utah, Nevada and the District ... Read More
Mar 3, 2010
In a statement released on March 2nd, the US Internal Revenues Services (IRS) is reminding US taxpayers that it holds USD 1.3 billion in unclaimed tax refunds for nearly 1.4 million individuals who did not file 2006 tax returns.
At the same time, the IRS has stated that in order to receive any refunds, the taxpayer [...]
In a statement released on March 2nd, the US Internal Revenues Services (IRS) is reminding US taxpayers that it holds USD 1.3 billion in unclaimed tax refunds for nearly 1.4 million individuals who did not file 2006 tax returns.
At the same time, the IRS has stated that in order to receive any refunds, the taxpayer is required to submit a paper return (as electronic returns are not available for previous years) by April 15th 2010. The US Government grants a three year ... Read More
Feb 24, 2010
US tax authorities have seen a fifth consecutive quarter of declining tax revenues, with the October-December period registering a 4.1 percent fall in national collections.
According to the Rockerfeller Institute’s State Revenue Flash Report, released February 23rd, the US is experiencing continued drops in all three major tax sources. The report claimed that amongst the 46 [...]
US tax authorities have seen a fifth consecutive quarter of declining tax revenues, with the October-December period registering a 4.1 percent fall in national collections.
According to the Rockerfeller Institute’s State Revenue Flash Report, released February 23rd, the US is experiencing continued drops in all three major tax sources. The report claimed that amongst the 46 states which had made their data for the period already available, the total tax collections for the October-December quarter equaled USD134.5 billion, compared to USD140.2 in ... Read More
Feb 19, 2010
Bernard Kerik, the former New York Police Commissioner, has been given a four year jail sentence after pleading guilty to eight separate felonies, including tax fraud and deceiving White House officials.
The US Prosecutor’s Office revealed on February 18th that Bernard Kerik has been given jail time after hiding USD255 000 he was gifted by a [...]
Bernard Kerik, the former New York Police Commissioner, has been given a four year jail sentence after pleading guilty to eight separate felonies, including tax fraud and deceiving White House officials.
The US Prosecutor’s Office revealed on February 18th that Bernard Kerik has been given jail time after hiding USD255 000 he was gifted by a construction firm. It was alleged that in exchange for the gift Bernard Kerik contacted several government regulators to recommend the firm to receive government contracts; though he ... Read More
