Latest Personal taxes News

Lingering limbo: Businesses uncertain about tax law impact

May. 23, 2018 10:22 AM EDT

NEW YORK (AP) — Five months after massive federal tax changes became law, many small business owners still don't know whether they'll be winners or losers. Mike Kaeding would like to know how his real estate development and management company will be affected by two big changes — the deductibility...

Dayton, GOP at still odds as Legislature presses ahead

May. 20, 2018 1:51 AM EDT

ST. PAUL, Minn. (AP) — The Minnesota Legislature careened Saturday toward a messy and potentially inconclusive ending, as Republican leaders cut away from negotiations and planned to work overnight to send Gov. Mark Dayton a package of government spending measures and a tax bill that the Democratic...

The Latest: Trump Jr. saw no issue with Trump Tower meeting

May. 16, 2018 8:06 PM EDT

WASHINGTON (AP) — The Latest on transcripts of testimony to Senate panel about 2016 Trump Tower meeting (all times local): 8 p.m. President Donald Trump's son told Congress he didn't think there was anything wrong with meeting a Russian lawyer at Trump Tower in hopes of election-season dirt on Hillary...

Tax charges lead to suspension of Baltimore's police leader

May. 11, 2018 11:01 PM EDT

BALTIMORE (AP) — A day after saying she had "full confidence" in Baltimore's police commissioner despite federal charges of failing to pay his taxes, the city's mayor on placed him on paid suspension. Although Commissioner Darryl De Sousa has been "an effective leader," Mayor Catherine Pugh decided to...

Top Baltimore police official suspended after tax charges

May. 11, 2018 6:24 PM EDT

BALTIMORE (AP) — A day after saying she had "full confidence" in Baltimore's police commissioner as he faces federal charges of failing to pay his taxes, the city's mayor on Friday suspended him with pay. Although Commissioner Darryl De Sousa has been "an effective leader," she decided to place him on paid...

Latest: Police commissioner's lawyer criticizes prosecutors

May. 11, 2018 2:47 PM EDT

BALTIMORE (AP) — The Latest on Baltimore's police commissioner, who is facing charges of failure to file taxes (all times local): 2:40 p.m. A lawyer for Baltimore police Commissioner Darryl De Sousa says federal prosecutors did not give him a chance to offer an explanation or to file late tax returns...

Judge says ex-lawmaker 'squandered' life, faces prison

May. 10, 2018 10:45 PM EDT

CHICAGO (AP) — A federal judge Thursday handed former U.S. Rep. Mel Reynolds a six-month prison sentence for not filing tax returns for income on consulting work from Africa, telling the Harvard graduate he had "squandered" opportunities to be something better in life. Judge Robert Gettleman noted how...

The Latest: Ex-US Rep. Mel Reynolds gets 6-month sentence

May. 10, 2018 5:04 PM EDT

CHICAGO (AP) — The Latest on the sentencing of former U.S. Rep. Mel Reynolds (all times local): ___ 4 p.m. A federal judge has handed former U.S. Rep. Mel Reynolds a six month prison sentence for failing to file tax returns, telling the Harvard graduate he'd "squandered" opportunities to become something...

Aide to Iowa governor touts Apple deal, gets job at company

May. 10, 2018 1:35 AM EDT

IOWA CITY, Iowa (AP) — A top aide to Gov. Kim Reynolds took a management job with tech giant Apple months after helping promote a $208 million incentive package for the company's planned Iowa data center as a good deal for taxpayers. Tim Albrecht left as Reynolds' deputy chief of staff to begin work at...

Ghost of past Kansas tax-slashing kills push to resume cuts

May. 4, 2018 8:51 PM EDT

TOPEKA, Kan. (AP) — Persistent budget problems that followed a now-abandoned tax-slashing experiment in Kansas helped kill new cuts this year that were meant to return an unexpected "windfall" to the state from changes in federal tax laws. Top Republicans pushed Friday — the last day of the...