Tax Return

Tax Return News

  • HSBC Client Avoids Prison for Hiding Bank Accounts From U.S.

    Updated 1 hour, 36 minutes ago

    A New Jersey businessman avoided prison after admitting he conspired with five HSBC Holdings Plc bankers to hide his Indian bank accounts from U.S. tax authorities, getting credit for helping prosecutors.

  • Intuit Sales, Profit Top Estimates Aided by Mobile Tools

    Updated 2 hours, 7 minutes ago

    Intuit Inc., the largest seller of personal-finance software, reported fiscal third-quarter sales and profit that topped analysts’ estimates as more customers used Web tools for tax-preparation and other tasks.

  • Target First-Quarter Profit Trails Estimates

    Updated 1 hour, 30 minutes ago

    Target Corp., the second-largest U.S. discount retailer, said first-quarter earnings fell 29 percent and cut its forecast for profit this year as higher taxes and cooler temperatures hampered sales.

  • Cook Defending Apple Puts Loophole-Closing Back on Agenda

    Updated 33 minutes ago

    A congressional hearing into Apple Inc.’s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.

  • Apple Seen Using Loopholes to Avoid $9 Billion in Taxes

    Apple Inc. used “loopholes” to avoid paying $9 billion in U.S. taxes in 2012, U.S. Senator Carl Levin said at a hearing that brought the company’s chief executive officer, Tim Cook, to Washington to defend the strategies.

  • Pritzker Yields Party Role Reversal on Offshore Trusts

    Updated 1 hour, 6 minutes ago

    Republicans defended Mitt Romney against criticism from Democrats that he avoided taxes by keeping money stashed overseas. Those roles are now reversed with the disclosure that President Barack Obama’s pick to run the Commerce Department does the same thing.

  • Republicans Unsatisfied by IRS Answers Press for More

    House lawmakers say ousted Internal Revenue Service chief Steven Miller failed to fully explain why he didn’t inform them for more than a year that small-government groups seeking tax-exempt status were subject to extra scrutiny.

  • Wal-Mart Second-Quarter Forecast Trails Estimates

    Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that was less than analysts estimated as the slow U.S. economy and higher taxes put pressure on consumers.

  • Worst Tax Season Ever!

    March 22, 2013 - If you're feeling particularly stressed out this tax season, you're not alone. By waiting until early 2013 to settle many 2012 tax rules, Washington delayed the start of tax season. Taxpayers had to wait longer for correct paperwork, the IRS delayed processing returns and programmers scrambled to update tax software. "It's been chaotic, totally chaotic," accountant Marilyn Niwao says. Blake Christian, a partner at Holthouse, Carlin & Van Trigt, vents: "Legislators have no clue, and they really don't care" about the problems they've caused.

  • Level Global Co-Founder Gets 6 1/2-Year Prison Sentence

    Level Global Investors LP co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make more than $68 million for his hedge fund.

Advertisement
Sponsored Links
Advertisement
Curation software by Lingospot