Taxes

Where to turn for tax help

Tax returns surge over Presidents Day weekend, with the IRS saying it receives more phone calls on the day after Presidents Day than on any other day of the year.

Sears: 4Q sales drop but it expects a profit

Sears Holdings Corp. says sales dropped during the critical fourth quarter, but the ailing retailer expects to earn a profit, helped by a windfall from U.S. tax reform.

Trump shows willingness to raise fuel taxes

President Donald Trump is signaling his openness to a 25-cent fuel tax increase to help pay for his infrastructure proposal in a meeting with members of Congress.

Fannie Mae loses $6.5B in fourth quarter on tax change

Sweeping changes to U.S. tax law led to a $6.53 billion loss at Fannie Mae last quarter, putting the government-controlled mortgage company in the position of seeking cash assistance from taxpayers for the first time since it emerged from the housing crisis six years ago.

Senate GOP: Cuomo tax changes unlikely by budget deadline

Republicans who control the New York state Senate threw a major roadblock in front of Gov. Andrew Cuomo's tax code restructuring proposals Tuesday, announcing their opposition to the Democrat's plan and essentially guaranteeing it won't make it into the state budget by its April 1 deadline.

Money spent on lobbying skyrocketed during tax overhaul

Money spent on lobbying by corporations, trade associations and special interest groups spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in more than 30 years.

Trump budget plan already outdated after budget deal

President Donald Trump's budget director says the budget that the administration sends to Congress on Monday will seek to move some of the billions of dollars in extra spending that Congress approved last week to areas that will reflect the president's priorities.

Oklahoma pulling up red carpet offered to wind industry

As Oklahoma sought to diversify its oil-and-gas powered economy in the early 2000s, policymakers rolled out the red carpet for the burgeoning wind industry, offering generous state tax incentives and access to windy, inexpensive tracts of land.

Lobbying expenses spiked as Congress shaped tax overhaul

Money spent on lobbying by corporations, trade associations and special interest groups spiked during the final three months of 2017 as they battled for the biggest breaks possible in the most dramatic tax overhaul in more than 30 years.