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 […]
State Representative David Gregory wants to eliminate state income tax for law enforcement officers who make up to 100,000 dollars a year. Gregory, a Republican from St. Louis County, says a bill he has pre-filed to help officers could also be a tool to recruit more officers into the field. KTVI in St. Louis reports […]
The two main gubernatorial candidates are focusing on rural Missouri again Friday and during the final days of the campaign. Governor Mike Parson (R) brings his “Mike works bus tour” to four rural western Missouri towns: his hometown of Bolivar, as well as Clinton, Belton, and El Dorado Springs. He’ll finish Friday evening in Springfield. […]
The owner of a Cassville, Missouri waterslide attraction has pleaded guilty in federal court to making a false tax return. Jerry Don Beebe, 67, pleaded guilty before U.S. Magistrate Judge David P. Rush on Monday, Oct. 26, to one count of making a false tax return. Beebe owned and operated Beebe’s Roaring River Waterslide in […]
Starting in the 2020 tax season, more rural Missourians in need will be able to learn about their eligibility for the federal earned income tax credit (EITC), one of the nation’s largest anti-poverty tools targeting low- and moderate-income working families. The U.S. Department of Health and Human Services Office of Minority Health has awarded $1.35 […]
Missouri Congressman Emanuel Cleaver is heading up a bipartisan bill that would let college athletes profit from endorsement deals. It would only restrict sponsors involving alcohol, tobacco, controlled substances, adult entertainment, and gambling. Cleaver, a Democrat from Kansas City, says the plan would ban universities from putting restrictions on athletes seeking control of their name, […]
A former IRS employee was sentenced in federal court for stealing tax refunds. Tamara R. Miller, 40, of Kansas City, Missouri, was sentenced by U.S. District Judge Greg Kays to two years and two months in federal prison without parole. On Jan. 23, 2020, Miller pleaded guilty to two counts of theft of government funds. […]
