Dear Tax Talk: I am getting a settlement from a federal gender-discrimination case. I was wondering what the tax rate will be so that I can plan accordingly. My attorney said the settlement is undesignated or unclassified. Your guidance will be grea
MADISON, Wis. (AP) -- Wisconsin's Legislature approved a two-year, $57.2 billion budget on Tuesday night, ending the year's last state budget impasse in the nation. The agreement now goes to Democratic Gov. Jim Doyle, who is expected to sign it. He p
If lawmakers want to protect tens of millions of taxpayers from the Alternative Minimum Tax, they'd best make it snappy. If Congress does not act in the next two weeks or so, 25 million to 50 million taxpayers will see the processing of their returns
WASHINGTON (AP) -- Treasury Secretary Henry Paulson warned lawmakers Tuesday that delays in enacting a temporary fix to the alternative minimum tax could cause millions of taxpayers to experience delays in receiving their refunds. In a letter to Cong
Dear Tax Talk: I am about to receive a settlement from our home builder for defects to our home. Will there be any tax liabilities from this settlement? -- Brad Dear Brad, To determine if a settlement is income, you have to look at what the settleme
TALLAHASSEE, Fla. (AP) -- The Florida House overwhelmingly passed a property tax plan Monday that is more complex and offers more relief to non-homeowners than a Senate version, creating a potential stalemate between the chambers. Voters then may be
COLLINSVILLE, Ill. (AP) -- A Holiday Inn built with millions of dollars in state loans that haven't been repaid could take a year to be sold off and still not recoup the $32 million its ex-owners apparently owe, the state's treasurer said Monday. Fou
WASHINGTON (AP) -- The Democratic chairman of a House watchdog committee said Monday that Blackwater USA violated tax laws and may have defrauded the government of millions of dollars, a charge the embattled security firm said is groundless. Rep. Hen
HINSDALE, Illinois (Reuters) - If you want to sell a mansion in this upscale Chicago suburb, this is not the best time. "People are afraid, and that is driving the mood of the market right now," Bryan Bomba, principal of local realty the Bryan Bomba
COLLINSVILLE, Ill. (AP) -- The state of Illinois effectively has taken ownership of a Holiday Inn in this Metro East community, hoping to recoup what it can from the site built with millions of dollars in state loans that have not been repaid. About
WASHINGTON (AP) -- They're not bluffing: Tax collectors will start requiring poker tournaments to report the winners' take. Casinos and other sponsors of poker tournaments will be required to report winnings of more than $5,000 to the Internal Revenu
NEW YORK (AP) -- Shares of Packeteer Inc. rose Friday morning after an analyst upgraded the company on news it beat expectations for the third quarter. Ferris, Baker Watts analyst Matthew Robinson now rates the company, which makes systems that manag
Dear Tax Talk, I know that gifts over $100,000 from foreign nationals need to be reported to the Internal Revenue Service, but no tax is due. What if the donation is in the form of real estate? My parents want to give me a house in Eastern Europe. I
If the Senate follows the House's lead - and it's likely it will - many Internet users will benefit from another four years of tax-free Web surfing. Late Tuesday, the House passed its own version of the extension on the Internet tax moratorium, which
OMAHA, Neb. (AP) -- A Grand Island lawn care company owner has pleaded guilty to harboring illegal immigrants and manipulating financial transactions to avoid reporting them. David Wortman turned himself in for arrest last month, one day after U.S. I
·Wis. Lawmakers Pass Long-Ove
·Not all settlements are taxa
·Massive tax overhaul bill to
·Fidelity National to Spin Of
·House Democrats Propose Tax
·Giant tax overhaul bill unve
·Former Body Armor CEO Indict
·Balm For Housing Blues: Use
·The 'Mother of All Tax Bills
·Chicago Politicians Seek New
·Know escrow rules before wai
·Tax Relief Offered for Wildf
·Not all settlements are taxa
·Massive tax overhaul bill to
·Fidelity National to Spin Of
·House Democrats Propose Tax
·Giant tax overhaul bill unve
·Former Body Armor CEO Indict
·Balm For Housing Blues: Use
·The 'Mother of All Tax Bills
·Chicago Politicians Seek New
·Know escrow rules before wai
·Tax Relief Offered for Wildf
Taxes
