Owe Back Taxes?

FSA can’t reimburse OTC drugs without prescription: IRS
WASHINGTON—Employees who want to pay for over-the-counter medications using their health care flexible spending account will need a prescription to do so effective Jan. 1, 2011, according to new Internal Revenue Service rules.

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Tax Credits Boosting Employment, Says US Govt,
The United States Treasury Department has released a report on the number of newly-hired workers who are eligible for tax credits under the Hiring Incentives to Restore Employment (HIRE) Act, passed in March this year.

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Do These Drillers Pass Buffett’s Test?
Discover one of the Oracle of Omaha’s favorite ways to size up a stock.

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Does the IRS owe you money
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Oneida Nation files lawsuit against New York
A federal judge has temporarily blocked New York state’s plans to tax Native American cigarette sales to non-Indian customers.

Read more on WSYR 9 Syracuse

11th District: Connolly, Fimian in tight rematch
FAIRFAX – Rep. Gerald E. Connolly, D-11th, represents the nation’s most affluent congressional district.

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Tax change endangers non-profits
More than 1,000 small charities and nonprofits in the region risk losing their tax-exempt status because they haven’t filled out a postcard-sized form for the IRS.

Read more on The Cincinnati Enquirer

Middle school golf and tennis programs cut
The Sarasota County School District has cut golf and tennis programs at its middle schools.

Read more on The Sarasota Herald-Tribune

More hurdles for city refinery
NASHUA – First it was the biofuel industry, then it was the IRS, now it’s the EPA. There seems to be no end of organizations whose complicated permission is needed before the state’s first biofuel refinery can start up. “This is a new regulation that just started this year,” said Christopher Langille, a research associate at Keene State University who is part of the group developing the refinery …

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Niche-Market Madoff Duped Law Enforcement Agencies in Ponzi With a Twist
Kenneth Wayne McLeod, 48, covered in tattoos, with a shaved head and plenty of stubble, looked more like an undercover detective than a financial expert.

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