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Tag Archives: taxpayers

Being uninsured in America will cost you more

In this file photo, Rosemary Cabelo uses a computer at a public library to access the Affordable Health Care Act website in San Antonio. The Government Accountability Office said announced that its counterfeit characters were re-enrolled by Obamacare, signaling that the website healthcare.gov does not seem to be set up to detect fraud, a GAO spokesperson said in a statement. AP Images

WASHINGTON — Being uninsured in America will cost you more in 2015. It’s the first year all taxpayers have to report to the Internal Revenue Service whether they had health insurance for the previous year, as required under President Barack ...

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Taxpayers to pay to defend sex harass lawsuits

ALBANY — New York taxpayers are expected to pick up the bill in civil lawsuits aimed at the state Assembly and Speaker Sheldon Silver over a $103,000 secret settlement of sexual harassment claims. Under New York law, the state defends ...

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Tax Dept: E-filing at all-time high

Thomas H. Mattox, New York state commissioner of Taxation and Finance has announced that, as of the end of April, 87 percent of taxpayers had e-filed their personal income tax returns. More than 7.9 million taxpayers e-filed their personal income ...

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Taxpayers wait out fiscal cliffhanger

Faced with a trillion-dollar deficit, federal lawmakers need to raise revenue. The feds also have to cut spending. So that means tax increases and cuts in defense and entitlement programs, and it needs to do both as soon as possible, ...

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Taxpayers still owed $132.9B from bailout: report

WASHINGTON — A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in ...

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NY group challenges gov’t grants to business

ALBANY — Taxpayers allied with the Tea Party movement have urged New York’s top court to help them end corporate welfare and require the return of potentially billions of dollars to the state’s taxpayers. The 50 taxpayers say in their lawsuit argued Wednesday ...

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IRS offshore disclosure deadline is Friday

Hurricane Irene affected a lot of schedules and deadlines, including the Internal Revenue Service’s successful 2011 Offshore Voluntary Disclosure Initiative (OVDI). The program encourages taxpayers with undisclosed income in foreign banks or hidden offshore accounts to resolve the issue with the IRS.

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Wall Street’s ride compounds states’ pension fears

ALBANY — Wall Street's volatility has hit state pension funds just as they were beginning to recover from the recession, turning what was merely a troubled forecast into a potentially stormy future for taxpayers who are on the hook for billions in unfunded liabilities for government retirees.

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IRS continues foreign account disclosure program

In February, the Internal Revenue Service announced it would extend its popular (and lucrative to the government) voluntary disclosure initiative program to help taxpayers with undisclosed income in foreign banks or hidden offshore accounts to resolve the issue with the IRS.

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IRS warns against frivolous claims

Outrageous claims? The Internal Revenue Service has heard them all. From the taxpayer who claims she is not a “person” as defined by the IRS and therefore not subject to federal income tax laws ...

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