Paying taxes Feed

Sure, you're happy to tell your friends about the online bargains you get, but not so much your state's tax officials. That essentially will happen in Colorado this summer. But it won't be shoppers revealing their internet purchases. It will be the companies that sold them the stuff. Colorado online shoppers oppose the state's new sales tax reporting law because it violates their privacy. And oh yeah, now they'll have to pay more tax. The online purchase info is part of a creative way Colorado lawmakers devised to try to collect the almost $173 million in tax revenue they say... Read more →


Need time to pay off a big tax bill? It could cost you a lot more next year if fee hikes proposed by the Internal Revenue Service go into effect. The IRS today announced plans to add a couple of new installment plan options and increase existing payment arrangement fees beginning Jan. 1, 2017. Some taxpayers could see an 87.5 percent price hike, which would produce a top fee of $225 instead of the current maximum fee of $120. And while the proposed $225 fee is the top dollar amount, the charge for another type of installment payment option would... Read more →