For many states, July 1st marked the beginning of a new fiscal year and a slew of new tax laws have taken effect. The new tax measures are designed to generate additional revenue for local and state governments, which means many Americans will be feeling the pinch in their pocketbook. If you smoke, drive a car or buy things ... Read More
State Taxes
Sales Tax Takes a Holiday in the US: Dates & Descriptions of Holidays
More than one dozen states across the U.S. now offer sales tax holidays, days where shoppers can stock up on essentials like clothing and school supplies without paying any extra to Uncle Sam. The programs are typically offered over a weekend, often in conjunction with the beginning of the school year. In southern states that ... Read More
2011 California Tax Amnesty Program: 8/1/11-10/31/11
For as long as there have been taxes, there have been people who try to avoid paying them, which is certainly the case in California. However, the Franchise Tax Board (FTB) has been steadily improving its technology and reporting capabilities, so it is getting easier than ever for them to locate taxpayers who avoid or ... Read More
California Sales Tax to be Collected by Amazon, Overstock, Others
A new California tax collection requirement mandates that large out-of-state retailers, such as Amazon.com and Overstock.com, collect sales taxes on all online purchases made by customers in the state of California. The new legislation was signed by Gov. Jerry Brown last week and went into effect on Friday, July 1, 2011, ... Read More
The 10 Best State Business Tax Climates by the Tax Foundation
About four times a year, the Tax Foundation publishes a paper to explore an economic issue explored by economists and scholars. The foundation is a nonprofit organization for public education and has been in existence since 1937. The 2010 version of the State Business Tax Climate Index has been released to help lawmakers, ... Read More
Why the State Corporate Income Tax Should be Eliminated
Ronald Reagan once proposed eliminating the federal corporate income tax. That was in 1983 and the same issue has been brought back to the table; however it doesn’t seem like too many people are taking notice. What is the Deal With the Corporate Tax? Under the current tax regulations, corporate earnings are being taxed twice. ... Read More
The state of Pennsylvania has extended to its taxpayers a limited time offer to resolve delinquent state taxes without fear of persecution. The 2010 Pennsylvania Tax Amnesty program is available from April 26, 2010 through June 18, 2010. This special period of amnesty is the result of Act 48 which was signed into law on October ... Read More
Maryland Tax Amnesty Will Last for 2 Months
This week, the State of Maryland will start their program "Maryland's Tax Do Over" that will last from September 1st through October 30th, for Maryland taxpayers who did not pay or file their taxes as SB552 was approved by the governor on May 7th, 2009. The amnesty will cover penalties and 1/2 the interest attributed to those ... Read More
State Tax Agents Hunting Online for Individuals Who Owe Taxes
Today, the Wall Street Journal reported that certain State Tax Revenue Agents are using social sites to find those taxpayers that owe money and who were trying to stay under the radar. Social sites like Facebook.com, MySpace.com, and others have been named in the article. Minnesota and California are some of the states using ... Read More
