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About 21,000 high earners paid no federal income tax
A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes.
If you're like me, your first question is: How can that be?
Your possible next question: Can I get that kind of tax...Tags: Federal Income Tax, Credit Ratings, Home Improvement, Taxation, Tax Credits
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Complaint about Maryland taxes fails to consider effect of the alternative minimum tax
In his op-ed "Annapolis dines at federal expense" (June 13) Sean Kennedy wrote: "The more Maryland taxes federal employees, the less money Uncle Sam can ask from them in taxes." I have issues with this on several points. First, this applies to all...Tags: Annapolis, Employees, Personal Income
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Frankford liquor store owner sentenced to prison for tax evasion
The owner of a Frankford liquor store was sentenced Monday to 18 months in prison and six months of subsequent home detention for tax evasion after he understated the store's earnings by more than $1.5 million and structured bank deposits specifically...Tags: Punishment, Banking, Prisons, Justice System, Judges
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With blast furnace down, Sparrows Point layoffs begin
The first big wave of layoffs hit Sparrows Point on Friday after the steel mill's owner essentially shut down its critically important blast furnace. Joe Rosel, president of United Steelworkers Local 9477, said most of the workers told not to report back...
Tags: Unemployment Benefits, Unemployment, Employees, Explosions, Emergency Incidents
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IRS: 'Where's my refund?' glitch is fixed
The IRS has been offering a handy tool for consumers to find out the status of their refund.
Earlier this month, it had experienced some problems and the IRS posted a notice on the tool. This is a version of it posted on the Facebook page of Liberty Tax:...Tags: Facebook
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IRS releases this year's "Dirty Dozen" scams
Each year, the IRS puts out a list of the top 12 scams to watch out for -- or not perpetrate. This year’s list: Identity theft The IRS says it has a comprehensive strategy targeting ID theft. It also has increased internal reviews “to spot...Tags: Theft, Corporate Crime, Social Security, Fraud, Email
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Majority of taxpayers don't know they have rights before the IRS
Taxpayer Advocate Nina Olson says a survey by her office last year found that 55 percent of taxpayers don't think they have any rights when dealing with the IRS. Only 9 percent knew correctly that they did.
Olson says on her blog that Congress passed... -
New IRS reporting requirements kick in for fund firms in 2012
If you own mutual funds outside a retirement account, you likely have heard from the investment companies asking you to choose your math. The companies want you to select the method they should use to calculate your "cost basis" — how much you paid...Tags: Companies and Corporations, Finance, Finance, Mutual Funds, T. Rowe Price
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IRS holding $1.8 million in undelivered refunds to Marylanders
Can you use $1,338 about now? That’s the average tax refund due to Marylanders whose addresses were incorrect on their federal tax returns. If you thought you had a refund coming but didn’t get one, check to see if you’re one of the 1,... -
State won't renew contract with major foster care provider
Maryland's second-largest foster care provider will lose its contract with the state to place children in homes, a Department of Human Resources spokesman said Wednesday. Any children placed with Contemporary Family Services must be transferred to the...Tags: Music, Conservation, Concerts, Health Treatments, Employment Opportunities
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Maryland severs ties with second-largest foster care provider
State officials said Tuesday that they would not renew Contemporary Family Services' license to place foster care children, alleging that the Hyattsville-based company falsified minutes of board meetings and failed to pay its foster parents and...Tags: Hyattsville (Prince George's County, Maryland), Labor Legislation, Justice System, Conservation, Employment Opportunities
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State to decide on contract that affects 157 Maryland foster children
Maryland officials plan to announce this week whether the state will sever ties with the state's second-largest foster care provider, a decision that also could determine whether the company keeps its contract in the District of Columbia. Officials...Tags: Social Sciences, Behavioral Conditions, Abusive Behavior, Parenting, Mental Health
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