Latest Personal taxes News

AP source: New York prosecutors subpoena Trump's tax returns

Sep. 16, 2019 5:47 PM EDT

NEW YORK (AP) — New York City prosecutors have subpoenaed President Donald Trump's tax returns, a person familiar with the matter told The Associated Press on Monday. Manhattan District Attorney's Cyrus Vance Jr.'s office recently sent a subpoena to Trump's accounting firm seeking the last eight years of...

California GOP opens alternative pathway for 2020 delegates

Sep. 8, 2019 4:21 PM EDT

INDIAN WELLS, Calif. (AP) — California Republicans have approved a rule change intended to ensure the party can send delegates to the GOP's national convention next summer, even if President Donald Trump is kept off the state's 2020 primary ballot. The measure was drafted in response to a state law signed...

California says tax return law doesn't bar ballot access

Sep. 6, 2019 4:55 PM EDT

SACRAMENTO, Calif. (AP) — California's attorney general is urging a federal judge not to halt a state law requiring presidential candidates release their tax returns, arguing it doesn't bar anyone from accessing the ballot or deprive voters of their rights. Attorney General Xavier Becerra, a Democrat, made...

Man pleads guilty for trying to access Trump's tax returns

Sep. 6, 2019 7:32 AM EDT

PHILADELPHIA (AP) — A Philadelphia man has pleaded guilty to trying to hack the IRS to obtain President Donald Trump's tax returns. Andrew Harris pleaded guilty Thursday to two computer fraud counts in federal court. The 23-year-old faces up to two years in prison and $200,000 fine. Harris and 22-year-old...

Deutsche Bank has tax returns sought in Congressional probe

Aug. 28, 2019 7:16 AM EDT

NEW YORK (AP) — President Donald Trump's longtime bank revealed Tuesday that it has tax records Congress is seeking in its investigation of the president's finances. Deutsche Bank said in court papers it has tax returns responsive to a subpoena sent this year, in which Congress asked the bank for a host of...

A look at court fights over Trump's financial documents

Aug. 23, 2019 3:14 PM EDT

President Donald Trump's lawyers argued Friday at a federal appeals court in New York that two banks should be stopped from turning over his financial records to House committees seeking them. The case is one of several across the country where Trump is fighting against turning over documents sought by Democrats....

School district's tax-rate flub led to $900K deficit

Aug. 21, 2019 5:23 AM EDT

FALLSINGTON, Pa. (AP) — Officials at a Pennsylvania school district say a single-digit tax rate typo created a nearly $900,000 deficit for the school district. The Philadelphia Inquirer reports that a school board resolution from the Pennsbury School District in Falls Township incorrectly set the millage...

Oil unease: Alaska faces tough budget decisions

Aug. 9, 2019 6:24 PM EDT

JUNEAU, Alaska (AP) — Daniel Bowen came to Alaska in 2011, looking for adventure and opportunity. He and his wife eventually settled on the Kenai Peninsula south of Anchorage, a salmon fishing haven calling itself "Alaska's Playground." But the Bowens, both teachers, recently returned to their native...

Feds: College students tried to access Trump's tax return

Aug. 6, 2019 7:42 PM EDT

A few days before the 2016 presidential election, two college students outside Philadelphia hatched a plan to access Donald Trump's tax returns, federal prosecutors say. They were unsuccessful, and now one of them has pleaded guilty to federal charges in what one defense lawyer calls a "college prank gone awry."...

Trump, Republican party sue over California tax return law

Aug. 6, 2019 3:32 PM EDT

SACRAMENTO, Calif. (AP) — The Trump campaign and Republican Party sued California on Tuesday over a new law requiring presidential candidates to release their tax returns to run in the state's primary, legislation that was aimed at prying loose President Donald Trump's returns. California's law is "a naked...