NEWS

Senators Want Back Taxes Collected (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Senators have urged federal agency officials to come up with a way to collect money from Medicaid providers who owe back taxes, even though legal hurdles have hindered collection efforts.

Pension Agency Has $13.1 Billion Deficit (AP)

Tax Info - Thu, 11/15/2007 - 16:58
The federal agency that insures private pension plans for millions of people in the U.S. ran a deficit of $13.1 billion this year, a four-year low and a big improvement from last year.

Buffett: Phrase 'death tax' is 'dead wrong" (CNNMoney.com)

Tax Info - Thu, 11/15/2007 - 16:58
Warren Buffett thinks those who use the phrase "death tax" are intellectually dishonest because the phrase in his words is "clever, Orwellian and dead wrong."

Ron Paul Finds Fans, Funds on the Fringe (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Those who dismissed Rep. Ron Paul as a joke in the Republican presidential primary campaign aren't laughing so hard these days.

IRS: $110 Million in Refunds Not Cashed (AP)

Tax Info - Thu, 11/15/2007 - 16:58
More than $110 million in tax refund checks went uncashed this year, mostly because people did not tell the Internal Revenue Service or the post office when they moved, the IRS said Wednesday.

Warren Buffett: Tax Inherited Estates (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Billionaire Warren Buffett told the Senate Finance Committee on Wednesday that Congress should keep the estate tax rather than repeal it and help a few rich Americans like him.

Buffett: Phrase 'death tax' is 'dead wrong" (CNNMoney.com)

Tax Info - Thu, 11/15/2007 - 16:58
Warren Buffett thinks those who use the phrase "death tax" are intellectually dishonest because the phrase in his words is "clever, Orwellian and dead wrong."

Mexico Budget Boosts Social Spending (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Mexico's Congress on Monday approved a $234 billion budget for 2008, boosting spending on social programs to help the country's poor, the president said.

Some Medicaid Providers Owe Back Taxes (AP)

Tax Info - Thu, 11/15/2007 - 16:58
A Senate panel is asking why more than 30,000 Medicaid providers -- doctors and others in the health care field -- owe at least $1 billion in back taxes and still receive federal payments for their services.

Minor taxed on own income (Bankrate.com)

Tax Info - Thu, 11/15/2007 - 16:58
CPA George Saenz advises a reader on when a child has to file a tax return.

Buffett: Tax my kin, please (CNNMoney.com)

Tax Info - Thu, 11/15/2007 - 16:58
Warren Buffett has said it before and he's likely to say it again to Congress on Wednesday: He thinks the heirs of the wealthy should be taxed on their inheritance.

Buffett: Tax my kin, please (CNNMoney.com)

Tax Info - Thu, 11/15/2007 - 16:58
Warren Buffett has said it before and he's likely to say it again to Congress on Wednesday: He thinks the heirs of the wealthy should be taxed on their inheritance.

Clinton: Go Slow on Social Security (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Democrat Hillary Rodham Clinton marked Veterans Day by calling for new assistance programs, but said she would move more carefully than her rivals on dealing with looming shortfalls facing the Social Security system.

Grandparents, 529 plans are great match (Bankrate.com)

Tax Info - Thu, 11/15/2007 - 16:58
Opening a college savings account for your grandchild can reduce your exposure to estate taxes, says the College Money Guru.

Dollar is world currency "for a reason": Paulson (Reuters)

Tax Info - Thu, 11/15/2007 - 16:58
Treasury Secretary Henry Paulson on Friday defended the dollar's status as the world's reserve currency, saying the U.S. economy's strength, openness and competitiveness would "shine through" the current market turmoil.

IRS Mulls Bank of NY Mellon Litigation (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Bank of New York Mellon Corp. said Friday that the Internal Revenue Service is considering litigation against the company over a tax-related transaction.

Lawmakers Reduce Privately Funded Trips (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Missouri lawmakers have taken fewer privately financed trips this year, part of a trend triggered by a series of ethics scandals that brought greater scrutiny on the practice and moved Congress to restrict the influence of special interest groups.

House Passes Tax Relief Bill (AP)

Tax Info - Thu, 11/15/2007 - 16:58
House Democrats on Friday pushed through an $80 billion bill to block the spread of a dreaded tax on middle-income people. The White House and Republicans, protesting tax increases in the bill affecting mainly investment fund managers, maintained that it would never become law.

Wall Street braces for higher tax rates (CNNMoney.com)

Tax Info - Thu, 11/15/2007 - 16:58
The leading Democratic candidates for president have said they'd favor higher investment taxes on upper-income taxpayers - and Wall Streeters don't like it.

Windstream 3Q Profit Down 40 Percent (AP)

Tax Info - Thu, 11/15/2007 - 16:58
Rural telecommunications provider Windstream Corp. said Thursday its third-quarter profit fell 40 percent due to a non-cash gain in the year-ago period, but revenue grew as the company added broadband and TV subscribers.
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