Business - Taxes and Tax Season

COLUMBUS, Ohio - After Richard Handy of Fairfield received an e-mail from a conservative group calling Gov. Ted Strickland's proposed delay of Ohio's income tax cuts a "retroactive tax increase," Handy fired off a few passionate words to some state senators. Full Story »

BEIJING (AFP) - Property prices in major Chinese cities picked up in October, government data showed Tuesday, as people scrambled to buy amid fears that tax breaks and other favourable policies may soon be withdrawn. Full Story »

WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. Full Story »

SALINA, Kan. - Leaders from six Kansas counties want a chance to challenge the state's contention that the Canadian owner of a crude oil pipeline is eligible for millions of dollars in tax credits. Full Story »

A list of some of the state tax exemptions, credits and deductions approved by lawmakers and the Oklahoma Tax Commission's estimate of their cost: Full Story »

OKLAHOMA CITY - Oklahoma gives away billions of dollars in tax revenue through hundreds of exemptions, credits and deductions that some lawmakers say the state may no longer be able to afford as it slips deeper into a revenue shortfall. Full Story »

BEIJING - Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday. Full Story »

DENVER - Facing an expected $1 billion shortfall in next year's budget, Colorado Gov. Bill Ritter is proposing a 4.6 percent cut in education spending and charging sales tax on items including candy and soda and online purchases. Full Story »

In the hopes of sustaining the real estate market's recent momentum, Uncle Sam has made more than two-thirds of current homeowners and nearly all first-time buyers eligible for thousands of dollars in tax perks when they purchase a house. President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law Friday, a day after the House of Representatives approved it by a 403-to-12 vote. The legislation includes language that significantly expands the popular first-time home buyer tax credit that was enacted in February. ... Full Story »

Nov. 6 (Bloomberg) -- A government report that the U.S. unemployment rate hit a 26-year high of 10.2 percent last month sparked political clashes between Democrats who supported government spending to stimulate the economy and Republicans who want tax cuts. Full Story »

FORT LAUDERDALE, Fla. - A Florida yacht broker who admitted filing a false U.S. tax return and concealing millions of dollars in a secret account at Swiss bank UBS AG was sentenced Friday to two months in prison. Full Story »

Nov. 6 (Bloomberg) -- A government report that the U.S. unemployment rate hit a 26-year high of 10.2 percent sparked new political clashes between Democrats who supported government spending to stimulate the economy and Republicans who want tax cuts. Full Story »

WASHINGTON - Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident. Full Story »

WASHINGTON - President Barack Obama is set to sign a bill extending jobless benefits 20 weeks and prolonging the $8,000 homebuyer tax credit. Full Story »

WASHINGTON - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump. Full Story »

Nov. 6 (Bloomberg) -- President Barack Obama is set to sign into law a bill that extends $8,000 tax credits for first- time homebuyers and unemployment benefits. Full Story »

WASHINGTON - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. Full Story »

TOPEKA, Kan. - A group of economists and policy-makers slashed Kansas tax collection estimates Thursday by $235 million, reflecting signs of continued weakness in the state economy. Full Story »