Latest Taxation in the United States Stories

ALLENTOWN, Pa., May 20, 2013 /PRNewswire/ -- By a unanimous 9-0 decision, the U.S. Supreme Court overturned a federal appeals court ruling on Monday (5/20) that had denied PPL Corporation's claim of a credit against its U.S. income taxes for a "windfall tax" paid to the government of the United Kingdom. In the decision, the Supreme Court ruled that "the economic substance of the U.K. windfall tax is that of a U.S. income tax ... therefore the tax is creditable. "We agree with PPL...

Platinum Tax Defenders: Many tax relief and tax resolution services may claim that they save clients a lot of money, but Platinum Tax Defenders delivers. Sherri Gastelum says that one client in May 2013 was saved over 90% on a tax bill. Los Angeles, California (PRWEB) May 17, 2013 Everyone who comes up against a stiff bill in back taxes wishes there was a way to cut the bill down to a reasonable size. There are many tax relief and tax resolution services that can claim they gain their...

Seniors have lost almost one-third of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League (TSCL). Alexandria, VA (PRWEB) May 16, 2013 Seniors have lost almost one-third of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League (TSCL). TSCL is one of the nation’s largest nonpartisan senior advocacy groups. In most years, seniors receive a small...

HSA for America announces a new way to fund health savings accounts, earn other cash-back rewards, and contribute to charities by purchasing online products and services from more than 5,000 retailers like Best Buy, PetSmart and Travelocity. (PRWEB) May 14, 2013 HSA for America clients and partners can sign up at no cost for the new HSA Online Rebate program that allows them to shop with more than 5,000 retailers for some 300 million products/services and earn cash-back rewards or make...

GoodApril's Tax Checkup, presented for the first time at today's FinovateSpring conference, tells consumers how they're impacted by these tax law changes, and how to pay less in taxes next April. San Francisco, CA (PRWEB) May 14, 2013 Taxpayers are in-store for a big surprise at the end of 2013 as a result of 7 major new tax rules coming into effect. The rule changes are the result of the Fiscal Cliff tax deal and Affordable Care Act, and include not only the well-publicized...

This article discusses the smart and convenient way to make a large charitable donation, satisfy required IRA minimum distributions, rules, and receive income and estate tax benefits is to rollover funds from your IRA directly to a charity. (PRWEB) May 13, 2013 The Law Firm of Pozzuolo Rodden, P.C., Philadelphia Business Attorneys, or Philadelphia Estate Planning Attorneys, announces the release of the article “ Are There Tax Benefits To Make A Charitable Donation Directly From MY IRA...

Platinum Tax Defenders: Since the IRS raised the annual gift tax exclusion to $14,000, a March 22, 2013 Forbes article (“Don't Gamble with Gift Tax Returns”) says that those filing gift tax returns has doubled. Platinum Tax Defenders offers five tips on gift taxes for those who still need to file 2012 returns. Los Angeles, California (PRWEB) May 13, 2013 One might think that with all the extra taxes added on in 2013, that there wouldn't be anything to give. However, a March...

The prospect of an IRS audit can be scary, but according to a March 19, 2013 article by CNBC (“What the IRS Doesn't Want You to Know About Audits”), some red flags are avoidable. Platinum Tax Defenders offers five tips on what can, or often won't, trigger an IRS audit of a tax return. Los Angeles, California (PRWEB) May 11, 2013 Audits can be fearful things, but often, they can be triggered by avoidable 'red flags'. According to a March 19, 2013 article by CNBC...

Group Urges IRS to Address Low-Income Housing Tax Credit Recapture, Rural Housing Designation, Other Issues San Francisco, Calif. (PRWEB) May 10, 2013 Members of the LIHTC Working Group on May 1, 2013 sent a letter to the Internal Revenue Service (IRS) requesting that the agency add several affordable housing-related items to its 2013-2014 Guidance Priority List. The letter asks the IRS to clarify policies related to the low-income housing tax credit (LIHTC), rural housing designations...

Sherri Gastelum: Grammy-winning singer Lauryn Hill is not the only celebrity to be hit with an IRS bill for taxes, according to a May 7, 2013 CNBC report (“Is Lauryn Hill Being Singled Out Among Tax Evaders?”), though she is one of the few openly comparing taxes to slavery, according to a May 7, 2013 Accounting Today article (“Fugees Singer Lauryn Hill Sentenced to Prison for Tax Evasion”). Platinum Tax Defenders reports on recent high-profile IRS action, and suggests that...