Latest National taxes News
France's hopes lift as US freezes tariffs over tech tax
PARIS (AP) — France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French cosmetics and other goods designed as retaliation for a French tax on technology giants. The U.S. Trade Representative’s office said in a statement Thursday that it...
IRS gets more relief payments out after delays
The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. The government began distributing the payments, worth $600 per eligible adult and dependent, at the end of December. However, many people who filed their taxes with an online preparation service...
Shaheen: Many still have unprocessed 2019 tax returns
CONCORD, N.H. (AP) — U.S. Sen. Jeanne Shaheen of New Hampshire says she's hearing from “numerous" constituents who say their 2019 tax returns haven't been processed and, if owed, refunds haven't been issued. The coronavirus pandemic delayed the processing of tax returns for many last year. ...
New Orleans' DA-elect loses bid to avoid tax fraud trial
NEW ORLEANS (AP) — A federal judge has refused to dismiss the tax fraud charges pending against Orleans Parish District Attorney-elect Jason Williams. U.S. District Judge Martin Feldman on Friday denied a motion by Williams and his law partner, Nicole Burdett, to throw out the 11-count indictment against...
New Mexico's top state Senate Democrat outlines priorities
SANTA FE, N.M. (AP) — New Mexico’s top-ranked state senator said Friday that Democrats will push for direct financial relief to low-income, front-line workers who have borne the brunt of the pandemic — an idea already championed by minority Republicans — during the upcoming legislative...
Hospitality owner receives $309,000 grant, owes back taxes
SIOUX FALLS, S.D. (AP) — Records show a South Dakota motel and hotel owner has received a federal coronavirus small business relief grant of more than $300,000 and still owes thousands of dollars in back taxes on his properties. KELO-TV reports AG Dakota, owned by Alan Gross, of Covina, California, once...
Gianforte details tax cuts, lower spending in new budget
HELENA, Mont. (AP) — Montana Gov. Greg Gianforte released his budget proposal Thursday, following through on his campaign promises to try to reduce taxes and hold the line on state spending. The proposal decreases general fund spending by $100 million over the biennium compared to the budget proposed two...
Some taxpayers find relief payments sent to wrong account
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. The payment...
IRS says executors undervalued Prince's estate by 50%
MINNEAPOLIS (AP) — The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star's estate undervalued it by 50%, or about $80 million. The IRS determined that Prince’s...
In Georgia, Biden's presidency meets early defining moment
ATLANTA (AP) — Usually it's a president's first midterm election that reorders a White House's political approach and priorities. For President-elect Joe Biden, his most defining congressional election is coming before he takes office. Two runoffs Tuesday in Georgia will decide which party controls the...
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