Latest National taxes News

People stroll on the Trocadero square to watch the Eiffel Tower lightings, Friday, Dec. 11, 2020 in Paris. (AP Photo/Francois Mori)

France's hopes lift as US freezes tariffs over tech tax

Jan. 13, 2021 5:21 AM EST

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...

FILE - In this April 23, 2020 file photo, President Donald J.Trump's name is printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak in San Antonio.  The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of people who filed their taxes with an online preparation service initially found that their economic impact payment did not make it to them directly.   (AP Photo/Eric Gay)

IRS gets more relief payments out after delays

Jan. 12, 2021 2:07 PM EST

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

Jan. 10, 2021 5:37 PM EST

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

Jan. 9, 2021 2:04 PM EST

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 Democratic Senate majority leader Peter Wirth, of Santa Fe, guides a floor debate Saturday, June 20, 2020, at the Capitol in Santa Fe, N.M. The New Mexico Legislature met in a special session to address a gaping budget hole linked to the coronavirus and economic upheaval. Gov. Michelle Lujan Grisham also urged legislators to enact policing and temporary election reforms. (AP Photo/Morgan Lee)

New Mexico's top state Senate Democrat outlines priorities

Jan. 8, 2021 8:22 PM EST

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

Jan. 8, 2021 1:49 PM EST

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...

Gov. Greg Gianforte talks about his administration's budget proposal in the Governor's Reception Room on Thursday, Jan. 7, 2021. (Thom Bridge/Independent Record via AP)

Gianforte details tax cuts, lower spending in new budget

Jan. 7, 2021 6:37 PM EST

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...

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. 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. The IRS and the Treasury Department began issuing the Economic Impact Payments last week of Jan. 1, 2021.   (AP Photo/Eric Gay, File)

Some taxpayers find relief payments sent to wrong account

Jan. 5, 2021 6:17 PM EST

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...

FILE - In this Oct. 14, 2010 file photo, musician Prince holds a news conference at The Apollo Theater announcing his

IRS says executors undervalued Prince's estate by 50%

Jan. 3, 2021 11:40 AM EST

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...

FILE - In this Dec. 15, 2020, file photo President-elect Joe Biden speaks at a drive-in rally for Georgia Democratic candidates for U.S. Senate Raphael Warnock and Jon Ossoff in Atlanta. (AP Photo/Patrick Semansky, File)

In Georgia, Biden's presidency meets early defining moment

Jan. 2, 2021 12:16 AM EST

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...