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New York States budget deficit and dysfunctional legislative process may prompt the government to withhold state income tax refunds, according to embattled Governor David Paterson.
February 19 -
The Treasury Department announced plans to extend and expand the New Markets Tax Credit with a proposal in the fiscal year 2011 budget to provide $5 billion in credits to speed recovery in hard-hit communities.
February 19 -
The Internal Revenue Service reminded taxpayers that the Feb. 28 deadline is fast approaching for Haiti earthquake relief donations that can be deducted this tax season.
February 19 -
Former New York City police commissioner Bernard Kerik, who led the police department during the 9/11 attack, was sentenced to a four-year prison sentence after pleading guilty to tax fraud and other charges.
February 18 -
A man angry with the Internal Revenue Service flew a small airplane into a building on Thursday morning in Austin, Texas, in which several IRS offices are located, killing an IRS employee and himself.
February 18 -
Taxpayers overwhelmingly agree with the Internal Revenue Services plans to require tax preparers to meet competency and ethical standards, according to a new report by the IRS Oversight Board.
February 17 -
A Virginia doctor has pleaded guilty to conspiracy involving an undeclared Swiss bank account reportedly at HSBC, indicating that investigators are widening their probe of secret Swiss bank accounts beyond UBS.
February 17 -
Wells Fargo has teamed up with FP Transitions to introduce a program to help business owners in the Wells Fargo Advisors Financial Network to determine and monitor the value of their financial advisory practices.
February 16 -
U.S. taxation of international operations was named as the top business tax concern in 2010, according to a poll of senior tax executives at multinational companies and trade associations.
February 16 -
CPA firm Karlins & Ramey has expanded its profit division, now renamed Texas Profit Advisors.
February 16