If you own your home or have some investments, H&R Block's Deluxe online filing service delivers the convenience of eFiling with expert guidance, and for a surprisingly affordable (and recently discounted) price. The Deluxe option has everything offered in the Free and Basic options plus help with your home mortgage, investments, dividends, and charitable deductions. You can also file your state taxes for an additional fee. You don't have to file (or pay) until you're satisfied and H&R Block guarantees its arithmetic, too. The Deluxe tool lets you import previous filing data from … Read more
Leaked from today's 404 episode:
- Make way for GameSpot's Ultimate Upgrade Sweepstakes.
The state Assembly passed a bill Wednesday that would exempt private-sector space-travel companies such as SpaceX from paying property taxes on their spacecrafts and properties, a potential boost to help offset the costs of running their expensive missions.
The 10-year exemption would be part of an overarching effort by lawmakers to bring new life to California's aerospace industry.
"With this bill, California can incubate and grow this exciting new industry and create thousands of good paying manufacturing jobs right here in … Read more
Consumers can save a bundle and avoid big crowds by shopping online this holiday season. But can they also avoid paying sales tax?
Online shopping is appealing because sites like Amazon not only offer convenience but in many cases they also offer lower prices than their brick-and-mortar competitors. And in some states, online holiday shoppers can sweeten those savings by not paying sales tax, which they'd otherwise be forced to pay if they shopped at a retailer with a physical storefront in their state.
This may be good news for shoppers, but it's bad news for states, which … Read more
The US Supreme Court on Monday declined to hear an appeal by online retailers to throw out a New York state law that requires their customers to pay state sales tax on online purchases, according to The Associated Press.
The justices rejected the appeals without comment. Amazon and Overstock argue in their appeals that a New York state law requiring them to collect sales tax on items sold on their sites to consumers living in New York violates the Constitution. The e-commerce Web sites argue that customers shouldn't be forced to pay state sales tax since these companies do … Read more
Apple is accused of hiding more than 1 billion euros ($1.34 billion) from Italy's taxman, which may lead to civil or even criminal sanctions against the technology giant.
First reported by Italian media, and confirmed to Reuters citing a judicial source with knowledge of the situation, an investigation into the company's tax affairs is "under way."
No details were given by the source, however.
Italy's tax laws are known to be aggressive, particularly in recent months and years, following a series of multinational corporations accused of avoiding or evading paying tax in the country. … Read more
The court decided the law violated federal rules, which prohibit putting a discriminatory tax on digital sales. It's the first time a high court has thrown out a law like this -- 18 other states have similar laws. In New York, the court upheld the law, spurring Amazon and Overstock.com to petition the Supreme Court.
The US government has yet to find anything untoward about the state of Apple's tax affairs, four months after CEO Tim Cook and other senior staff were grilled by a Senate subcommittee on the matter.
In a letter, dated September 5 and addressed to Apple Chief Financial Officer Peter Oppenheimer, the US Securities and Exchange Commission said it completed its review of the company's latest filing (via AllThingsD), and would not be taking action at this time.
Over the past year, Apple and other technology companies have been under pressure from US, UK, and European tax authorities over … Read more
Sprint has one less foe in its ongoing battle over New York sales taxes.
The company on Monday released a Securities and Exchange Commission (SEC) filing confirming that the SEC has dropped its investigation into the carrier's collection of sales taxes without attempting to enforce any action. The SEC dropped the investigation last month, according to Sprint, after a nearly year-long inquiry.
The trouble started for Sprint in April 2012 when the New York Attorney General's Office filed a complaint against Sprint arguing that it failed to pay more than $100 million in New York State sales tax. … Read more
Apple, Google, Amazon, and other major technology firms are likely keeping a close eye on the G20 Summit.
The Organization for Economic Cooperation and Development (OECD) unveiled Friday at the G20 Finance Ministers' Summit in Moscow a plan to limit the impact companies are having on international tax revenues.
Dubbed the Action Plan on Base Erosion and Profit Shifting, the roadmap explains how governments around the world can increase tax revenues from major corporations. The plan's 15 points specifically target domestic and international tax rules that allow companies to sidestep paying taxes.
"The Action Plan will develop a … Read more