Tax Law

Tax Cut, Cold Cuts – Huffington Post

… into law through the same budget reconciliation process used to pass President Obama’s Affordable Care Act in 2009, the tax cuts were programmed by Congressional Republicans to expire in ten years to limit their ultimate price tag. So …

Tax measure scores legal victory – AZFamily

“What Judge Oberbillig did is he correctly applied the law and the constitution and he really questioned … George Cunningham, the treasurer for the citizen group pushing for the tax hike, said that is where the money is needed the … Continue reading

Majority backs tax boost for $250K-plus earners – AP – NBCNews.com

A new statewide poll in Virginia shows a clear majority support President Barack Obama’s proposal to let tax breaks lapse for those earning more than $250,000 annually, but half still want his health care law repealed. Fifty-nine percent of those … Continue reading

The Buzz: Should Mitt Romney bite the bullet and make his tax returns public? – Sun Sentinel

Rich guy, complicated IRS laws, tax loopholes — add it up and at the very least there’s the lingering impression that Romney took advantage of benefits that the common man has no hope of ever receiving. At worse? Well, one … Continue reading

Free Tax Seminars to Review New IRS Guidelines – Arlington Heights Daily Herald

The seminars will be held on July 24th, August 7th, and August 21st at the Lavelle Law offices at 501 West Colfax in Palatine. Tim Hughes, a tax law partner will lead the discussion. The Offer in Compromise program allows … Continue reading

Another Tax Law Patch May Provide Permanent Estate Tax Laws – jdsupra.com

I have often lamented that the lack of permanency of tax laws is doing a huge disservice to the American population. We all have to pay our “fair share” of taxes. However, we don’t need to pay more. These constant … Continue reading

Cleveland schools seek big tax increase in November to carry out transformation plans – Cleveland Plain Dealer

The mayor, who has told residents for months that he would ask them for the tax increase this fall, repeated his regular message that the schools are crucial for the city’s future and that residents have to act accordingly. “You’ve … Continue reading

Few in Congress have released tax returns, report shows – CBS News

And like the president of the United States, those congressmen stand to benefit from the tax policies they shape. Currently, the law only requires members of Congress to report their wealth and liabilities in broad ranges. Among those who …

Editorial: Romney tax returns a must-see if he wants to win – USA Today

So far, Mitt Romney has released his 2010 tax return amid a clamor in the GOP primaries, a summary of his expected 2011 return, and disclosure reports required under the Ethics in Government Act. How many more returns should he … Continue reading

Lawmakers push Web retailers to collect sales tax – Washington Times

In the Senate, the Marketplace Fairness Act would allow states to require online retailers to collect sales tax. In the House, the Marketplace Equity Act, which has a hearing next week, would essentially do the same thing. Both have growing … Continue reading