B105 TODAYS BEST COUNTRY » taxes

MN Cigarette Tax Will Increase $1.60 Per Pack July 1st [VIDEO]

Ken Hayes — Fri, 07 Jun 2013 13:38:11 +0000

The Minnesota Legislature has just passed a bill to help correct the state’s huge deficit. The bill includes a $2.83 per pack tax on cigarettes, along with a one time floor stock tax on cigarettes. This is an increase of $1.60 per pack of smokes.Also, chewing tobacco will increase in January. In the past cigarette [...]

New Tax Deed Timeline Could Cost Douglas County Property Owners Substantially

Cathy Kates — Fri, 05 Apr 2013 11:51:42 +0000

If you live in Douglas County and are delinquent in your taxes you should take note. The timeline for payment is changing and it could cost you considerably. In previous years, properties in Douglas County that were delinquent in tax payment by nearly four years were taken by tax deed on the third week of October. With the new timeline the date has changed and beginning in 2014, tax deeds will be taken at the end of June.

How to Stop Identity Thieves From Stealing Your Tax Refund

Chris Chaberski — Wed, 13 Feb 2013 20:52:54 +0000

Last week, the Internal Revenue Service announced that it had targeted about 400 identity thieves across the country. The thieves were using stolen Social Security numbers to file false tax returns and then claim the refunds.

5 Ways to Save Money on Your 2013 Taxes

Maura Chwastyk — Mon, 11 Feb 2013 17:56:25 +0000

It's hard to believe it's already the middle of tax season. 2013 is off to a fast clip, and unfortunately this means that Tax Day is right around the corner. You could bury your head in the sand until you hit April 14 panic mode, or this year you could give yourself a burst of energy and self-confidence knowing that you met your taxes head-on. Here are money savers to get you started:

Red Flags That Will Get You Audited

Chris Allen — Thu, 05 Apr 2012 19:00:31 +0000

I'm busy finishing my taxes and looking for anything that will help me. I read that most people don't turn in their taxes till the last few days, so if you are like me and still working on them. Here's some tips.
Taxpayers overall face a low audit risk: The IRS audited 1.1% of all individual tax returns filed in 2010, or 1.6 million returns of 141 million filed.

The vast majority of those audits — 1.2 million — were done by mail. Just 392,000 involved an in-person meeting with the IRS. That’s not necessarily good news.

Should Soda and Other Sugary Drinks Be Taxed? — Survey of the Day

Jeremy Taylor — Thu, 22 Mar 2012 17:22:49 +0000

Much like cigarettes and alcohol are taxed, there is a movement afoot to levy similar charges on soda and other sweetened beverages. As it stands, 33 states have some form of sales tax that is added to soda and other sugar-based drinks. And more and more places are trying to jump on the “soda tax” train, including New York [...]

Toby Keith Weighs In on Taxes: 'I Expect the Wealthy to Write a Check'

Jeff Giles — Thu, 22 Sep 2011 14:22:00 +0000

The fight over taxes and the public debt is never far from the headlines lately, and Toby Keith has never been shy about speaking his mind on political matters, so it’s only natural that he offered his thoughts about taxes when speaking with the Boston Herald.

What might be surprising — at least for folks who consider Keith just another red state-residing good ol’ boy — is the way he responded to the question.

Obama Administration Has Idea To Tax Cars By The Mile

Cathy Kates — Fri, 06 May 2011 13:12:14 +0000

I drive a lot of miles, and pay a lot at the pump, so right away, I was like NO WAY! However, every time I hit a pothole, or it feels like I’m on a rumble strip and I’m not…I think…..well, maybe……. Pete Kasperowicz reports the following: The Obama administration has floated a transportation authorization [...]

How To File an Extension For Your 2010 Taxes

B105 Staff — Mon, 18 Apr 2011 18:14:34 +0000

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

5 Most Memorable Accountants From the Movies

B105 Staff — Sun, 17 Apr 2011 22:34:23 +0000

Often a character in a movie will be made an accountant to indicate that they're . . . well . . . boring.

But being a movie, this boring accountant has to be put in an interesting situation or nobody is going to want to pay ten bucks to see it.

So, in fact, many celluloid accountants turn out to be interesting and dynamic characters, rather than just soul-less bean counters.

We've compiled a list of five famous movie accountants in honor of tax season, which is also the season of the accountant.

Five Forbidden Tax Deductions

B105 Staff — Tue, 12 Apr 2011 21:55:43 +0000

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower. Here’s a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS. 1. First Land Line If you happen to be one of the increasing number [...]

Seven Celebrities Who Cheated on Their Taxes

B105 Staff — Fri, 01 Apr 2011 21:32:33 +0000

With tax day just around the corner, the IRS is readying itself to spot this year's round of tax evaders. Given the lack of impulse control and sense of entitlement among the celebrity set (we're looking at you, Charlie Sheen), it should be no surprise that the famous and the powerful are among the worst tax cheats out there. Here are seven celebrities who didn't pay the tax man, and ended up paying the price:

Do Your Taxes On Your Phone.

Tony Hart — Wed, 19 Jan 2011 03:11:02 +0000

So I was cruising around looking for some new apps on my EVO last night and I came across one that I thought was amazing, the new TurboTax “SnapTax”. You can actually can do your taxes on your smart phone now! With SnapTax you take a picture of your W-2 and it will automatically import [...]