Intuit Close to Buying Credit Karma

Credit Karma, the popular credit and finance service, is on the verge of being bought by Intuit. According to reports by The Wall Street Journal, Intuit is planning to purchase Credit Karma for roughly $7 billion in a cash and…

‘Netflix Tax’ Proposed in Australia

Netflix is going to cost a little more in Australia. Treasurer Joe Hockey has confirmed reports that the new budget will include a plan to charge a 10 percent Goods and Services Tax on online services based outside of the…

Tax Forms: Where To Go To Obtain Them

It’s the time of year that everybody dreads…tax time. While it something that we all try to avoid doing, it simply has to be done. So, where do you start? First, you need to decide how you plan to file…

Amazon Sales Tax Now Reality For Over Half Of U.S. Population

Consumers in more states are about to find themselves paying sales tax when they shop online at Amazon. Online businesses in all states may one day be required to collect sales tax from everyone anyway, but Amazon currently finds itself…

Supreme Court Refuses To Hear Amazon Online Sales Tax Lawsuit

Online sales tax – is it constitutional? That’s the question Amazon wanted an answer to when it petitioned the Supreme Court to hear its argument against New York state regarding the state’s right to collect sales tax from purchases made…

Sugary Drinks May Be Taxed In San Francisco

(image) San Francisco voters are being asked to impose a tax on sugary beverages. The proposal holds that drinks will be charged 2 cents for every ounce. The ballot will need two-thirds support from voters in order to pass. Thanks…

Should Internet Access Remain Tax Free?

You probably pay a lot for Internet, but at least you don’t have to pay taxes on your service with each monthly bill. That may all change next year, and two senators want to stop that from happening. The Hill…

Senate Votes In Favor Of Online Sales Tax Bill, Controversial Legislation Heads To House

The Marketplace Fairness Act – a piece of legislation that will force online businesses to collect state sales tax regardless of their physical location – was set to go before the Senate for a final vote last night. It was…

Should The Senate Pass Online Sales Tax Legislation? [Updated]

Update: It passed. Currently in the U.S., state governments are only obligated to collect sales taxes from online retailers that are based in their own states. If an online sales tax bill makes it to law, states could collect from…

Senators Seek To Extend The Internet Tax Freedom Act Indefinitely

Unless you’re buying something online, the Internet is a tax free service. That all might change in 2014, however, if a bill barring the government from taxing the Internet isn’t extended. Fortunately, two senators are already on the case with…

Google Avoids Nearly $2 Billion In Worldwide Income Tax [Report]

Bloomberg is reporting, citing a recent filing by a subsidiary in the Netherlands, that Google avoided nearly $2 billion in worldwide income taxes last year by shifting $9.8 billion in revenues to a Bermuda shell company. The fact that Google…

Amazon UK: $11 Billion in Sales, No Taxes Paid

Amazon, the largest online retailer in the UK, last year posted sales of more than $5.2 billion in that country, but didn’t pay any corporation tax on the profits, which prompted an investigation by Britain’s tax authorities. Regulatory filings by…

Interview: FCC Lifeline Program – Will the Revamp Solve the Fraud?

On January 31, the FCC announced a complete overhaul of its Lifeline program. The program has been around for 25 years and is part of the Universal Service Fund. Its purpose was to help low-income families and those that live…

Tax Season 2012: W2 Deadline

If you did not get your W-2 in the mail today, don’t blow a fuse. According to IRS rules, employers have until Jan 31 to get your W-2s in the mail. Most should arrive today, but give it until tomorrow’s…

Video Game Tax For Oklahoma?

Oklahoma State Representative William Fourkiller is concerned because he sees a lot of fat violent children. According to Fourkiller, video games rated teen, mature or adult only by the Entertainment Software Rating Board are making children violent. Also of serious…

Internet Sales Tax Returns to Congress; eBay Makes Their Case

eBay’s Todd Cohen made a spirited plea to the House of Representatives Committee on the Judiciary earlier today against the proposed remote sales tax. Were the proposal to pass, Cohen fears that small businesses will suffer the most and, given…