A Missouri business owner who engaged in a $4 million scheme to defraud his customers was sentenced in federal court for tax evasion after failing to pay more than $768,000 in state and federal taxes. “Not only did this defendant steal millions of dollars from his customers, but he stole from the public by evading […]
Wealthy Americans have a message for Congress: Tax us more. More than 200 high-income taxpayers and business owners have sent an open letter urging elected leaders to raise the tax rate for rich people to fund the infrastructure plan now being debated in Congress. Three of the signers are from Oregon, including Sandy Polishuk, a retired […]
A Missouri attorney has pleaded guilty in federal court to tax and labor violations. Meagan M. Howe, also known as Meagan M. Hasty, 35, of Lebanon, pleaded guilty before U.S. Chief Magistrate Judge David P. Rush on Thursday, Aug. 19, to one count of failure to pay employment tax and one count of making a […]
Developers of a proposed senior housing complex in Trenton are seeking support from the Trenton City Council. A resolution of support is to be presented at Monday nights’ 7 o’clock meeting at Trenton City Hall. The resolution, a tax rate public hearing, a preliminary engineering report for water plant improvements, and three ordinances are on […]
(Missouri Independent) – Missouri Gov. Mike Parson vetoed legislation Friday that would have lifted a prohibition on licensed medical marijuana companies deducting business expenses on their taxes. In his letter vetoing the measure, Parson didn’t mention the medical marijuana provisions. He said his decision to reject the bill came down to a section lawmakers included that […]
(Missouri Independent) – Bob F. Griffin, who served as speaker of the Missouri House for 15 years until he was forced to resign in the face of a federal criminal investigation, died Wednesday in Columbia. He was 85. Griffin was the longest-serving speaker in the state’s history. During his tenure as speaker from 1981 to 1996, the […]
Three Russian men and a naturalized U.S. citizen have been indicted by a federal grand jury for their roles in a conspiracy to use stolen identities to file thousands of fraudulent tax returns and send much of the illegal proceeds to their co-conspirators in Russia. Alexander Pavlov, 37, and Dmitrii Shenke, 35, citizens and residents […]
(Missouri Independent) – Missourians voted to legalize medical marijuana in 2018. But under federal law, growing, transporting, or selling marijuana remains a crime. Unsurprisingly, that dynamic has created a lot of headaches for the fledgling industry. One notable example: Unlike every other legal business in the state, marijuana companies are prohibited from deducting business expenses […]
Another session of the Missouri Legislature has come and gone. Of the 1,559 House bills and 689 Senate bills filed this time around, 69 bills will make it to Gov. Mike Parson’s desk. Here are some key bills left up to the governor to sign or veto: Missouri lawmakers vote to pump up […]
Missouri is close to requiring out-of-state companies to collect sales taxes from Missouri residents buying from them online. The state House has sent back to the Senate a bill that would include income tax cuts to help offset the expected revenue increase. Representative J. Eggleston of northwest Missouri’s Maysville, carried the bill in the House. […]
A northwest Missouri state senator who worked to exempt federal stimulus payments from state income tax last year will work to keep the state’s hands off the latest round of checks. Senator Tony Luetkemeyer, a Republican from Parkville, says the state should not be taxing checks meant to help people during a time of crisis. […]
Black residents of Evanston, who lived in the city between 1919 and 1969 or are direct descendants of someone who did, can start receiving what the City Council calls reparations in early to mid-summer, in the form of housing grants. The plan is to provide $25,000 grants for home repairs, mortgage assistance, or down payments, to […]
(Missouri Independent) – The House Budget Committee will submit its revisions to Gov. Mike Parson’s $34.1 billion state operating budget to the full House this week without the benefit of clear guidelines for spending new infusions of federal cash. The committee must also decide whether and how it will use a record general revenue surplus. The fund’s cash balance […]
The Missouri Department of Revenue is extending the state individual tax filing and payment deadline for the 2020 tax year from April 15, 2021, to May 17, 2021. The decision mirrors Wednesday’s announcement by the U.S. Treasury Department and the Internal Revenue Service that individual taxpayers would receive automatic extensions to file and pay federal […]
The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. “This continues to be a tough time for many […]
The state House of Representatives has given first-round approval to an effort that would tax out-of-state businesses selling online to Missourians. The legislation might not result in a significant state revenue increase because it would be offset by lowering the state’s income tax rate. Bill sponsor J. Eggleston, of northwest Missouri’s Maysville, says a so-called […]
There is bipartisan support for legislation ensuring that Missourians cannot be taxed on their federal stimulus checks. Missouri House Budget Committee chairman Cody Smith of Carthage presented his bill Wednesday in Jefferson City, Smith tells lawmakers it’s important to act, noting that under Missouri’s tax code, federal stimulus checks related to COVID are […]
Missouri could soon require online retail businesses from out-of-state to pay state sales tax. State Senator Andrew Koenig, a Republican from eastern Missouri’s Manchester, is sponsoring a so-called Wayfair bill. He tells Missourinet his goal is to make the state’s businesses more competitive. Koenig says his bill could bring in roughly 80 to […]
The House Budget Committee chairman says Missourians shouldn’t be taxed on federal stimulus checks. Brian Hauswirth spoke with Committee Chairman Cody Smith. House Budget Committee Chairman Cody Smith of southwest Missouri’s Carthage says under the state’s tax code, federal stimulus checks related to COVID are subject to personal income tax. Smith says Missourians […]
Volunteer Income Tax Assistance (VITA) sites offering eligible Missourians free assistance with tax return preparation are open at University of Missouri Extension sites throughout the state through April 14. “During such an extraordinary time, people will certainly have questions about their taxes,” said Andrew Zumwalt, an associate extension professor of personal financial planning. Volunteers have […]
