| Mar 10, 2011
| 12:26 PM
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...
| Jun 5, 2012
| 6:38 PM
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...
| Feb 15, 2012
| 10:05 AM
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.
| Feb 23, 2012
| 2:29 PM
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...
| Mar 12, 2012
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...
| Nov 29, 2011
| 1:01 PM
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...
| Mar 12, 2012
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...
| Dec 22, 2011
| 11:51 AM
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...
| Mar 15, 2012
| 8:04 PM
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...
| Dec 19, 2011
| 5:07 AM
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...
| Jan 24, 2012
| 6:08 AM
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...
| Mar 28, 2012
| 7:57 PM
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...