Latest National taxes News

In this Sunday, Feb. 23, 2020, photo, workers take a rest near the closed restaurant and bank in Wuhan in central China's Hubei province. Warning that China's virus epidemic is

China promises companies aid, global virus cases rise

Feb. 24, 2020 6:56 AM EST

BEIJING (AP) — China's government promised tax cuts and other aid Monday to help companies recover from its virus outbreak while a spike in new cases in Iran, Italy and South Korea raised the prospect of wider disruption to tourism and other global industries. At a news conference, Chinese finance and...

FILE - In this Sunday, Feb. 16, 2020 file photo, U.S. Speaker of the House Nancy Pelosi, D-Calif, attends a news conference during the Munich Security Conference in Munich, Germany. On Friday, Feb. 21, 2020, The Associated Press reported on a misleadingly compiled video circulating online incorrectly asserting that Pelosi lashed out at CNN host Christiane Amanpour during an interview about U.S. President Donald Trump’s acquittal after being impeached. The video relies heavily on a February interview in Munich. A number of altered videos have targeted Pelosi in the past year. (AP Photo/Jens Meyer)

NOT REAL NEWS: A look at what didn't happen this week

Feb. 21, 2020 5:48 PM EST

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the real facts: ___ CLAIM: Video shows House Speaker Nancy Pelosi lashing out at CNN host...

FILE  - In this Aug. 28, 2018 file photo, welders work on Iowa-side columns for the new Interstate 74 bridge in Bettendorf, Iowa. In the midst of an election year, President Donald Trump has outlined a new $1 trillion infrastructure plan. This time, the Republican president is proposing to rely fully on federal spending to reach his goal, a fundamental change that is praised by some state transportation officials and industry groups, even though Trump's proposal doesn't spell out how to pay for it all. (Todd Mizener/The Dispatch – The Rock Island Argus via AP, File)

Trump tries new approach for $1 trillion infrastructure plan

Feb. 21, 2020 10:19 AM EST

JEFFERSON CITY, Mo. (AP) — As a presidential candidate in 2016, Donald Trump promised a $1 trillion infrastructure plan that would use tax incentives to spur private investment in public works projects. He has so far failed to persuade Congress to pass anything like that. In another election year, Trump...

FILE - This April 13, 2014 file photo shows the headquarters of the Internal Revenue Service (IRS) in Washington. The agency said Wednesday, Feb. 19, 2020, that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time. (AP Photo/J. David Ake, File)

IRS to pay visits to high-income taxpayers who fail to file

Feb. 19, 2020 4:04 PM EST

If you earn six figures and haven't been filing your taxes, the IRS may come knocking. The agency said Wednesday that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time. Revenue officers across the country will increase face-to-face visits...

FILE - In this Monday, Nov. 18, 2019 file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. Ireland's Data Protection Commission said Tuesday Feb. 4, 2020, they have launched separate inquiries into Google and dating app Tinder over their processing of user data, in a fresh round of regulatory scrutiny aimed at tech companies.  (AP Photo/Michel Euler, File)

Spain looks to adopt digital tax that has angered the US

Feb. 18, 2020 8:46 AM EST

LISBON, Portugal (AP) — Spain’s government approved Tuesday the introduction of new taxes on digital business and stock market transactions, following similar steps by other European countries. The Cabinet agreed at its weekly meeting to adopt the so-called Google tax and Tobin tax. The measures...

European Commissioner for An Economy that Works for People Valdis Dombrovskis, left, speaks with European Central Bank Vice-President Luis de Guindos, right, and President of the European Investment Bank Werner Hoyer during a meeting of EU finance ministers at the Europa building in Brussels, Tuesday, Feb. 18, 2020. EU finance ministers meet Tuesday to discuss tax havens. (AP Photo/Virginia Mayo)

EU puts Cayman Islands, others on tax blacklist

Feb. 18, 2020 8:40 AM EST

BRUSSELS (AP) — The European Union has added four countries and jurisdictions to its blacklist of tax havens , including the British overseas territory Cayman Islands. EU finance ministers decided to also add Palau, Panama and the Seychelles to the list of jurisdictions that have not implemented the...

In this Feb. 4, 2020, photo, Tony Rankins, center in red tie, receives a standing ovation during the State of the Union address to a joint session of Congress on Capitol Hill in Washington. Rankins, a formerly homeless, drug-addicted Army vet, got the standing ovation after President Donald Trump described how he turned his life around thanks to a construction job at a company using the administration’s “Opportunity Zone” tax breaks targeting poor neighborhoods. Rankins, a tradesman who has indeed moved out of his car and into an apartment since landing the job refurbishing a Nashville hotel two years ago, doesn’t work at a site using the tax breaks and never has. (AP Photo/Susan Walsh)

White House defends Trump after AP report on homeless vet

Feb. 14, 2020 5:49 PM EST

The White House defended President Donald Trump on Friday after an Associated Press report that he stretched the truth in his State of the Union account of a formerly homeless veteran who turned his life around with a job at a company that is taking advantage of Opportunity Zone tax breaks. The AP report found...

FILE - In this Wednesday, Oct. 23, 2019 file photo, Facebook CEO Mark Zuckerberg testifies before a House Financial Services Committee hearing on Capitol Hill in Washington on Facebook's impact on the financial services and housing sectors. Facebook CEO Mark Zuckerberg plans to throw his support behind international reforms that would require Silicon Valley tech giants to pay more tax in Europe. (AP Photo/Andrew Harnik, File)

Zuckerberg accepts that Facebook may have to pay more tax

Feb. 14, 2020 8:35 AM EST

LONDON (AP) — Facebook CEO Mark Zuckerberg plans to throw his support behind international reforms that would require Silicon Valley tech giants to pay more tax in Europe. The billionaire social network founder is due to meet members of the European Union's executive Commission in Brussels and speak at the...

FILE - This April 6, 2018, file photo shows the leaves of a marijuana plant inside Ultra Health's cultivation greenhouse in Bernalillo, N.M. New Mexico would legalize recreational marijuana sales without exceptions for dissenting cities and counties under a rebooted proposal form legislators that emphasizes small business opportunities and ready access to pot for 80,000 current medical cannabis patients. Legalization for the first time enjoys the full throttled support of second-year Democratic Gov. Michelle Lujan Grisham, who set up a volunteer commission last year to vet health and public safety concerns about recreational cannabis and on Thursday, Jan. 16, 2020, pitched the benefits of the pot economy to a gathering business leaders. (AP Photo/Susan Montoya Bryan, File)

New Mexico bid for recreational marijuana is all but doomed

Feb. 13, 2020 7:50 PM EST

SANTA FE, N.M. (AP) — New Mexico's bid to become the 12th U.S. state to legalize recreational use of marijuana abruptly fell flat after state senators in a legislature dominated by Democrats rejected a bill that would have forced permission for sales in all of the state's cities and towns. In a late-night...

FILE- This Feb. 13, 2019, file photo shows multiple forms printed from the Internal Revenue Service web page that are used for 2018 U.S. federal tax returns in Zelienople, Pa.  The majority of individual taxpayers in the U.S. are eligible to file their taxes for free, yet many may be unaware or confused by how to do so.    Improvements have been made and Free File should be easier to use in 2020. But, with tax season getting into full gear, users should be aware of the details of the service and alternatives. (AP Photo/Keith Srakocic, File)

Free tax filing has confused many Americans. Here's help.

Feb. 13, 2020 3:51 PM EST

The majority of individual taxpayers in the U.S. are eligible to file their taxes online for free, yet many may be unaware or confused by how to do so. The tax industry and the IRS have played a part in the problem. Together they run the IRS Free File system, which about 70% of taxpayers are eligible for but...