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Tax Credit News:

 

Undocumented workers claim tax credits Pt. 3 - KETK

al.com (blog)

Undocumented workers claim tax credits Pt. 3
KETK
It allows them to legally file their income taxes. But illegal workers have also figured out how to claim the Additional Child Tax Credit, which gives them a refund of $1000 per child. Some have filed for multiple children who they do not support, .
Alabama's Sessions supports ending tax loophole that illegal immigrants can useal.com (blog)
Viral 'Tax Loophole' Video is Misleading: Taxpayer Fraud is a Much Bigger ProblemForbes

all 17 news articles »
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Movie Star Tax Credits, A Gay Judge and the Session Ends - Patch.com

WAMU

Movie Star Tax Credits, A Gay Judge and the Session Ends
Patch.com
The Governor also proposed to increase funding for Virginia's Movie Production Tax Credit by $2 million first enacted during my first session in 2010. I had serious concerns about enacting a $4 million tax credit program for Hollywood movie producers .
Plan to aid ports met with support, skepticismRichmond Times Dispatch
General Assembly passes port business subsidy programDaily Press

all 77 news articles »
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NH House, Senate pass school tax credit bills
The New Hampshire's House and Senate passed similar plans Wednesday to give businesses a tax credit for donating to scholarship organizations to send students to private or public schools...


Hollywood lobbies to extend state film tax credit through 2018
Amid mounting evidence that rival states are chipping away at Californias movie and TV production business, a coalition of entertainment unions and film industry officials is renewing a push to provide long-term funding for Californias popular film tax credit program...


The Agenda: Obama Proposes New Tax Credit for Small Businesses That Hire
A company that increased its payroll by $4 million would be allowed a $400,000 income tax credit...


Run an NYC Startup? New Bill Would Give a Tax Credit to Your Investors
Good news for all of the New York City-based startups out there: A new bill under discussion in the New York State Assembly would give angel investors a sizable tax credit for investing in your company...


HP loses $190 million tax case against IRS
Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International ...


HP loses $190 million tax case against IRS - Reuters

BusinessTech

HP loses $190 million tax case against IRS
Reuters
The strategy involved trading derivatives with the aim of generating capital losses and foreign tax credits for large corporations, like HP, which then used them to try to lower their US tax bills. Judge Joseph Goeke of United States Tax Court in .
HP Loses Battle with IRS Over Foreign Tax CreditsWall Street Journal (blog)

all 32 news articles »
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