Taxes

State asks homeowners to stop deducting some taxes

4 Feb 2012

The California Franchise Tax Board is leaning on taxpayers and tax preparers to start complying with a widely ignored law that prevents property owners from deducting certain real estate taxes on their income tax... Presented By: Chicago Booth Business Forecast   Ads by Pheedo

Zuckerberg's taxes on IPO? How about $2 billion

4 Feb 2012

The Facebook chief may be on the hook for $2 billion in taxes with his company going public. But he's not necessarily all that upset about it, because Facebook in turn gets a tax deduction.

Arizona bills Amazon $53 million for uncollected sales taxes

3 Feb 2012

Amazon.com revealed that it has been slapped with a $53 million bill by Arizona for uncollected sales taxes on internet transactions