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    LATEST TAXES AND REVENUE NEWS

    (Reuters) - Personal income tax collections...
    (Reuters) - Personal income tax collections in states in April might have grown an average of more than 7 percent, but for some the increase may not be enough to ease budget crises. Reuters found that the average increase of personal income tax collections in
    Gloucester County tax board sees increase in tax appeals
    Gloucester County’s Board of Taxation has been bustling since the April deadline for residential, commercial and farm property owners to file tax appeals.

    NonProfit and Exempt Organizations can E-File a Tax Extension from Anywhere in Minutes
    For many NonProfit Organizations and Charities the IRS filing deadline is May 15th, but with ExpressExtension the IRS Form 8868 can be E-Filed for an additional three months to file a tax returnRock Hill, SC (PRWEB) May 14, 2012 The Tax deadline of May 15th is here for NonProfit Organizations, Charities, and any other types of Exempt Organizations. The solution to defer this deadline is to file ...

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    Pakistan blocks Twitter over contentious tweets
    Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

    Wall St Week Ahead: The market is oversold, but major signs say "sell"

    The U.S. flag hangs outside the New York Stock ExchangeNEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...




    Insight: China pays high price to spare state firm from bankruptcy
    WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. The bailout averted what would have been China's first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on "too-big-to-fail" treatment. ...


     
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    IRS e-file information for tax professionals, including answers to frequently asked questions. Several online e-Services products are now available including the electronic IRS e-file application.

    e-file for Large and Mid-Size Corporations
    Certain large and mid-size corporations are required to electronically file their Forms 1120 and 1120 S. Other corporations may do so voluntarily. This site provides e-file information for corporations that prepare and transmit their own electronic corporate income tax returns and those that use the services of third party tax professionals.

    Electronic Payment Options
    Electronic payment options are convenient, safe and secure methods for paying income taxes. If you have a balance due, you can e-file and pay in a single step by authorizing an electronic funds withdrawal from your bank account. Another option is to pay by credit card. The Electronic Federal Tax Payment System (EFTPS) offers a third option for paying federal taxes. Through EFTPS, you can schedule recurring payments for withdrawal from your bank account.

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    PERSONAL FINANCE

    Booker slams Obama ad attacking Romney’s Bain record

    FILE - In this Feb. 23, 2012 file photo, Newark Mayor Cory Booker speaks during a ceremony at City Hall in Newark, N.J. (AP Photo/Seth Wenig, File)Newark Mayor Cory Booker slammed the Obama campaign's ad criticizing Mitt Romney's record as the head of Bain Capital, and called for an end to"nauseating" attacks from both sides. "I have to just say from a very personal level, I'm not about to sit here and indict private equity," Booker, a Democrat, said in an [...]




    Sleep apnea linked to higher cancer death risk
    SUNDAY, May 20 (HealthDay News) -- Sleep apnea has already been linked to a host of adverse health problems, such as high blood pressure and heart disease. Now, new research suggests that in people who already have cancer, the sleep disorder may raise their risk of dying from cancer.

    NATO protesters engaged in police confrontation

    Demonstrators head towards Michigan Ave. in Chicago during a protest march as a part of this weekend's NATO summit Sunday, May 20, 2012 in Chicago. (AP Photo/Seth Perlman)A group of demonstrators are engaging in a confrontation with Chicago police at end of NATO protest march, pushing against a line of officers who are trying to keep them from the meeting site.




    Pelosi defends Dems' Rev. Wright fundraising appeal

    Nancy Pelosi Defends Dems Rev. Wright Fundraising AppealHouse Democratic Leader Nancy Pelosi defended the Democratic Congressional Campaign Committee on "This Week" for sending a fundraising email that attempted to capitalize on the apparently dead advertising plan to link President Obama to Rev. Jeremiah Wright.




    Boehner insists on tying debt limit increase to spending cuts

    'This Week' Transcript: House Speaker John Boehner and House Democratic Leader Nancy PelosiHouse Speaker John Boehner, R-Ohio, stood by his call insisting that any increase in the debt limit should be offset by greater cuts in spending and tax reform before the end of the year, saying that working toward an agreement now would improve the economy.




    Lockerbie families still seek answers from Libya

    Un policía pasa frente a los restos del avión de Pan Am en Lockerbie, Escocia, el 21 de diciembre de 1988. Abdel Baset al-Megrahi, un libio encontrado culpable del atentado donde murieron 270 personas, murió a los 60 años debido al cáncer, se informó el domingo 20 de abril de 2012. (Foto AP/Martin Cleaver, Archivo)For relatives of the people who died in the Lockerbie bombing, the death Sunday of the only man who was convicted stirred up questions once again about his guilt and whether others went unpunished.




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