tax

Google back in U.K. crosshairs over tax issues

Google could be called back into questioning over its U.K. tax payments, according to a new report.

Speaking to Margaret Hodge, head of the U.K.'s Public Accounts Committee (PAC), which examines government financial affairs, Reuters reported on Wednesday that Google representatives will be brought back to the U.K. for questioning on whether the company derives any of its income through the U.K., thus requiring it to pay more in taxes to that country.

Last year, Google vice president for Northern and Central Europe, Matt Brittin, said before the PAC that no one in his company … Read more

Looming Internet sales tax bill jolts consumers, retailers

Consumers unhappy about the prospect of paying more to shop online aren't alone.

Online retailers are objecting to a proposed federal law to levy sales taxes on Internet shoppers, saying it's unreasonable to expect small businesses to comply with the detailed -- and sometimes conflicting -- regulations of nearly 10,000 government tax collectors.

The U.S. Senate began debate on the tax measure, S.743, Monday afternoon, capping years of lobbying by the National Retail Federation and the Retail Industry Leaders Association, which represent big box stores including including Walmart, Target, AutoZone, Best Buy, Home Depot, OfficeMax, … Read more

eBay CEO enlists users' aid to defeat online sales tax bill

eBay is trying to marshal its users to change federal sales tax legislation pending in the Senate that could usher in the first national Internet sales tax.

eBay CEO John Donahoe began sending e-mails to the online auctioneer's users on Sunday, asking they contact their federal representatives to express their opposition for the Marketplace Fairness Act. The proposed legislation, which the Senate is expected to vote on this week, would allow states to require online vendors to collect sales and use tax on certain out-of-state purchases. Only businesses with less than $1 million in annual U.S. sales would … Read more

Internet sales tax, here we come?

The days of shopping online and being able to duck sales taxes may soon come to an end. The U.S. Senate is slated to vote on the Internet sales tax sometime next week, according to Reuters.

Internet tax supporters, with backing from Walmart, Macy's, and Best Buy, are hoping a Senate vote will give them enough political leverage to require Americans to pay sales tax whenever buying goods online. This could usher in the first national Internet sales tax ever.

According to Reuters, Senate Majority Leader Harry Reid filed a motion on Thursday supporting the proposal. Since Reid … Read more

The five best tax-day freebies

As a self-employed person who pays quarterly tax estimates and has lots of employers, April 15 is an especially rotten day of the year -- and not just because I once again waited until the last minute to file my annual return. It's because the whole tax system is insanely complicated, confusing, frustrating, and, duh, expensive. (Hey, government: I don't mind you skimming some off the top, but I do have some quibbles with how you're spending it. Call me, we'll talk.)

Thankfully, some companies are trying to make Tax Day a little less painful by … Read more

IRS claims it can read your e-mail without a warrant

The Internal Revenue Service doesn't believe it needs a search warrant to read your e-mail.

Newly disclosed documents prepared by IRS lawyers say that Americans enjoy "generally no privacy" in their e-mail, Facebook chats, Twitter direct messages, and similar online communications -- meaning that they can be perused without obtaining a search warrant signed by a judge.

That places the IRS at odds with a growing sentiment among many judges and legislators who believe that Americans' e-mail messages should be protected from warrantless search and seizure. They say e-mail should be protected by the same Fourth Amendment … Read more

The 404 1,240: Where we celebrate Aunt Jill's annivorcery (podcast)

Leaked from today's 404 episode:

- Goldman CEO Blankfein: Equality is good business.

- Subscribe to Jill's podcast on iTunes and send your questions to askjill@jillonmoney.com.

- Follow Jill Schlesinger on Twitter.… Read more

File electronically with TaxACT 2012 Free Federal Edition

TaxACT 2012 Free Federal Edition offers basic tax preparation for and electronic filing of your 2012 federal income tax return. It offers step-by-step guidance not only for filing your taxes but also for maximizing your deductions and refund, if applicable, plus free help from the TaxACT Answer Center and other resources. It's compatible with most versions of Windows, from XP to 8, and complies with the latest updates to the U.S. tax code.

TaxACT 2012 Free Edition starts with a user-friendly interface offering quick links to Basic Info, Dependents, Filing Status, and a range of related topics such … Read more

Simplify Schedule D prep with Schedule D Tax Tool

High-quality tax tools don't always come with high prices. Moose-Tech's Schedule D Tax Tool is a standalone tool for generating IRS Schedule D tax data in TXF files that can be imported into major tax preparation software. It can import XLS data and match individual transactions. It doesn't prepare your taxes for you, but it does simplify the process of entering your tax data, which frees you up to focus on more important parts of the whole taxpaying experience.

Schedule D Tax Tool's compact Main Menu offers a gentle reminder to have your personal data ready: &… Read more

Prepare and file your taxes electronically for free with eSmart Basic

If your federal or state taxes are easy to figure out, it hardly makes sense to pay someone else simply to file your returns. One option is Liberty Tax Service's eSmart Basic Service, which offers some advantages over other e-filing options we've tried, starting with the obvious one: It's free. The Basic online filing service has other things going for it, as well, including the ability to import data from competing tax software such as TurboTax, H&R Block at Home, and TaxAct; free technical support via Chat; and free CPA support if you're audited. … Read more