A solar panel manufacturer based in Colorado that received hundreds of millions of dollars in taxpayer funds has gone bankrupt, leaving behind toxic waste that will cost millions of dollars more to clean up.
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Members of Congress plan to begin discussions this week about how to fund the federal government beyond the January 2014 date when the current funding plan will run out. Ahead of those talks, Senate Majority Leader Harry Reid has already made his budget plan clear: no cuts to entitlement programs and more taxes to pay for them.
The IRS announced on Tuesday that because of the government shutdown, they would have to delay the start of when they will accept tax returns for the 2014 tax season. (more…)
A jury ruled on Wednesday that Mark Cuban was not guilty of insider trading.
Today marks two weeks since the government shutdown began. If you are one of the approximately 12 million individuals who requested a six-month extension on the filing of their federal income tax returns back in April, you may be hoping that the government shutdown means you do not have to file your taxes today. However, that is simply on the case.
Apparently getting the sale of recreational marijuana in Colorado legalized was the easy part. Determining how much the industry should pay in sales tax is proving to be more difficult, as it has made friends of former opponents and vice-versa. (more…)
The IRS provides to taxpayers various publications to address areas where there are commonly questions about federal income tax. This article provides an overview of the initial sections of IRS Publication 5: Employer’s Tax Guide, specifically whom the IRS considers an employee and how the IRS identifies an employer.
It appears the targeting of conservative organizations and individuals by the IRS may not to be limited to delays in reviewing their tax-exempt status.
Millions of Americans will begin enrolling in insurance today through online exchanges that were created to support the Affordable Care Act, or ObamaCare. However, concerns still linger about if the exchanges and the infrastructure designed to get over an estimated 15 million enrolled in coverage are ready for the two-week enrollment period.
The IRS provides on their web site various publications to address frequently asked questions about federal income tax. This post provides an overview of IRS Publication 5: Right to Appeal and Prepare a Protest.