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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 169-180
  • Feds Charge Lancaster Man with Preparing False Income Tax Returns

    Feds Charge Lancaster Man with Preparing False Income Tax Returns
    A Federal Grand Jury has indicted a Lancaster man for willfully aiding and assisting other people in preparing false federal income tax returns over the past four years. 35 year old Leonard Destine owned and operated a tax return preparation business...
  • Feds Charge York Woman with Filing False Income Tax Returns

    Feds Charge York Woman with Filing False Income Tax Returns
       A York City woman is indicted on charges of conspiring to submit false and fradulent federal income tax returns.  The U.S. Attorney for the Middle District of Pennsylvania claims that between January 1, 2009 through June 1, 2009, 35 year old Carmen...
  • Emanuel defends income-tax hike refund seizure

    Emanuel defends income-tax hike refund seizure
    Mayor Rahm Emanuel today gave an impassioned defense of the city’s effort to intercept millions in state income tax refunds from people across Illinois who owe City Hall money. The speech came after the City Council approved the plan 41-8. “...
  • Beavers says feds indicted him on tax charges when he wouldn't wear wire

    Beavers says feds indicted him on tax charges when he wouldn't wear wire
    Cook County Commissioner William Beavers was indicted Thursday on charges he failed to pay taxes on tens of thousands of dollars in campaign funds that he used to pay off personal expenses. But the storied, tough-talking 77-year-old Democrat denied the...
  • Converting or Rolling Over Traditional IRAs to Roth IRAs

      Definition You may decide, after careful review, that the Roth IRA is a better retirement savings vehicle for you than a traditional IRA. If so, you should consider transferring funds from a traditional IRA to a Roth IRA. This can be accomplished by...
  • With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million

    With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million
    With the largest tax increase in Connecticut history kicking in, the state is projected to generate a surplus of more than $100 million in the current fiscal year - finally pushing the state into the black. While the number might seem surprising after...
  • Roth IRAs

    Definition   A Roth individual retirement account (IRA) is a personal savings plan that offers tax benefits to encourage retirement savings. You can contribute up to the lesser of $5,000 in 2011 and 2012, or 100 percent of your taxable compensation to a...
  • 7 ways to save on federal income taxes before Dec. 31

    7 ways to save on federal income taxes before Dec. 31
    Uncle Sam may provide you with some holiday gifts -- tax savings that can amount up to thousands of dollars -- if you act before Dec. 31. The federal income tax credits and deductions may come in handy as this year couples will not receive the $800...
  • Feds Charge Former State Senator with Mail Fraud

    Feds Charge Former State Senator with Mail Fraud
    Former State Senate Democrat leader Robert Mellow, of Lackawanna County, has been charged by the federal government with Conspiracy to Commit Mail Fraud and filing a false income tax return.  The 70 year old  Mellow was a member of the Pennsylvania...
  • Tips to Increase Your Tax Refund

    Year-End Giving: The end of the year is the traditional time for making gifts. For 2011, you may give up to $13,000 to a person without incurring any federal gift tax liability (the $13,000 annual limit applies to each donee).  If you are married, you...
  • Romney Made $42.7M in 2 Years, Paid 14% in Taxes

    Romney Made $42.7M in 2 Years, Paid 14% in Taxes
    Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign. Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010...
  • Commentary: State's high tax burden thwarts recovery

    State Controller John Chiang continues to uphold the California Great Seal motto, "Eureka, I have found it!" But what Chiang is finding as controller is that California's economy, as measured by tax revenues, is still tanking. State tax collections for...