Latest National taxes News

Trump's lawyers ready for Supreme Court in tax record fight

Oct. 15, 2019 7:43 PM EDT

NEW YORK (AP) — President Donald Trump's lawyers said Tuesday they'll immediately go to the Supreme Court if an appeals court in New York agrees that his tax returns can be released to state prosecutors. The lawyers notified the 2nd U.S. Circuit Court of Appeals in Manhattan of the urgency hours before...

'Chrisley Knows Best' stars sue Georgia tax official

Oct. 15, 2019 2:27 PM EDT

ATLANTA (AP) — Reality television personalities Todd and Julie Chrisley on Tuesday accused a Georgia tax official of abusing his office to pursue "bogus tax evasion claims" against them. The "Chrisley Knows Best" stars filed a federal lawsuit Tuesday against Joshua Waites, the director of the Georgia...

Pennington County hit with IRS penalties

Oct. 15, 2019 9:03 AM EDT

RAPID CITY, S.D. (AP) — The Internal Revenue Service has hit Pennington County with more than $87,000 in penalties for mishandling payroll taxes. The Rapid City Journal says county auditor Cindy Mohler has asked the Pennington County Commission to authorize payment of the penalties. The commission is...

Warren joins Buttigieg in nixing threat to church tax status

Oct. 14, 2019 1:34 PM EDT

Elizabeth Warren would not seek to revoke the tax-exempt status of churches or other religious entities that decline to perform same-sex marriages if she's elected president, the Massachusetts Democrat's campaign said. Asked to respond to former Texas Rep. Beto O'Rourke's assertion last week that religious...

AP Interview: Sanders details plan to 'end corporate greed'

Oct. 14, 2019 6:01 AM EDT

WASHINGTON (AP) — Bernie Sanders has released a major proposal to "end corporate greed and corruption" by requiring large companies to give ownership stakes to their workers. The proposal also would ensure that many of the nation's most profitable firms pay more in federal taxes and government authorities...

Malaysia offers incentives to boost growth in 2020 budget

Oct. 11, 2019 9:42 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's government offered incentives to attract investment and wide-ranging financial goodies for ethnic Malays and the poor but hiked taxes for the rich in a smaller national budget for 2020 seen as appeasing critics in its second year of power. The budget, unveiled in...

New Mexico farmers, ranchers to get some tax relief

Oct. 11, 2019 12:16 AM EDT

ALBUQUERQUE, N.M. (AP) — The Internal Revenue Service is extending tax relief for farmers and ranchers in many New Mexico counties who were forced to sell livestock due to drought and other severe weather in recent years. The IRS made the announcement Thursday, saying the extension affects drought sales...

The Latest: Group want Handke award revoked

Oct. 10, 2019 4:50 PM EDT

STOCKHOLM (AP) — The Latest on the awarding of the 2019 Nobel Prizes (all times local): 10:48 p.m. The Mothers of Srebrenica group that gathers relatives of the victims of the 1995 massacre in the Bosnian enclave is demanding that the Nobel committee revoke Peter Handke's prize for literature. The...

Court: Deutsche Bank does not have Trump's tax returns

Oct. 10, 2019 3:47 PM EDT

NEW YORK (AP) — A federal appeals court revealed Thursday that President Donald Trump's longtime lender, Deutsche Bank, does not have Trump's personal tax returns. The bank previously said it has certain tax records Congress wants in its investigation of the president's finances. The records are part of...

Global plan aims to better tax digital business

Oct. 9, 2019 9:18 AM EDT

PARIS (AP) — A global economic body has proposed overhauling the way multinationals - particularly tech giants - are taxed to make sure they pay their fair share in countries where they do significant business. The plan from the Paris-based the Organization for Economic Cooperation and Development, which...