Latest Taxation in the United States Stories

There are several foreign compliance reporting requirements for Global income and investments. Penalties for missing these requirements are serious. (PRWEB) April 30, 2013 There are several foreign compliance reporting requirements for Global income and investments. Penalties for missing these requirements are serious. Taxpayers are required to report global income including rent, dividends, interest, payroll, capital gains from the sale of assets or stocks, life insurance distributions,...

Sherri Gastelum: Obtaining a large refund isn't necessarily a good thing, according to a US News article. Platinum Tax Defenders gives 5 tips to taxpayers on why large refunds may not be ideal. Los Angeles, California (PRWEB) April 27, 2013 Big refunds may seem like the ideal goal for April 15th, but a recent article on US News say it may not be best for taxpayer interests. On March 22, 2013, US News ran a report quoting experts, as to why the average American refund may be too big:...

Hampton Roads Ventures, LLC will receive an allocation of $45 million in New Markets Tax Credits (NMTC) authority from the CDFI Fund. Norfolk, VA (PRWEB) April 26, 2013 Hampton Roads Ventures, LLC (HRV) will receive an allocation of $45 million in New Markets Tax Credits (NMTC) authority from the U.S. Treasury Community Development Financial Institutions Fund (CDFI Fund). HRV was one of 85 organizations, out of 282 applicants nationwide, that was awarded a portion of the total $3.5...

Sherri Gastelum: According to Accounting Web, those who file taxes may have heaved a sigh of relief too soon. Platinum Tax Defenders outlines some reasons why taxpayers might want to consult a tax resolution firm with a tax attorney in case of IRS notices. Los Angeles, California (PRWEB) April 25, 2013 Even though taxpayers have sent in the majority of personal and business taxes, this doesn't necessarily mean that the IRS will accept everything. Accounting Web listed out a number of...

First Quarter 2013 GAAP EPS Were $1.88 THOUSAND OAKS, Calif., April 23, 2013 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced financial results for the first quarter of 2013. Key results for the quarter include: Total revenues increased 5 percent to $4,238 million, with 6 percent product sales growth driven by Enbrel(®) (etanercept), XGEVA(®) (denosumab) and Prolia(®) (denosumab). Adjusted EPS grew 22 percent to $1.96 driven by tax benefits and fewer shares outstanding...

Tax and technology experts at The Heartland Institute – a free-market think tank – comment on Monday's cloture vote in the United States Senate on the Marketplace Fairness Act. CHICAGO, IL (PRWEB) April 22, 2013 The United States Senate today voted for cloture on the Marketplace Fairness Act (MFA), ending debate and leading to its likely passage soon in an up-or-down vote. President Barack Obama’s signature on the MFA would allow states to start charging sales tax on all online...

ARLINGTON, Va., April 22, 2013 /PRNewswire-USNewswire/ -- Legislation before the United States Senate this week will end the federal government's special treatment of online-only retailers and allow Main Street retailers to compete on a level playing field. Last week the Retail Industry Leaders Association (RILA) alerted Senators that it would "key vote" votes on the measure. The Marketplace Fairness Act, S. 743, would obligate large online-only retailers to collect and remit the...

WASHINGTON, April 15, 2013 /PRNewswire-USNewswire/ -- The Hon. Randall Frye, President of the Association of Administrative Law Judges (AALJ) and a federal judge with the Social Security Administration based in Charlotte, NC, will discuss ways to counter waste, abuse, and runaway costs in the Social Security Disability Income program at a National Press Club Newsmaker news conference on Friday, April 19(th) at 10 a.m. in the Zenger Room of the National Press Club, 13(th) Floor,...

HSA for America reminds all health savings account participants to deposit the full tax benefit amount for the 2012 tax year before April 15, 2013 filing deadline. Fort Collins, Colorado (PRWEB) April 13, 2013 Individuals with a Health Savings Account have until April 15, 2013 to deposit tax free dollars into their accounts for the 2012 tax year. Individuals may deposit up to $3,100 and couples can deposit $6,250 total into their account. Any deposited funds will be an “above the...

DUBLIN, April 11, 2013 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced it has published its annual tax information statement for 2012 on its website. This statement applies only to U.S. shareholders who intend to file Form 8621 with their 2012 U.S. tax returns. For U.S. federal income tax purposes, FLY Leasing will be treated as a passive foreign investment company ("PFIC") for 2012 and expects to be treated...