Strange State Tax Facts

The Rhode Island individual income tax return form features emoticons.  A smiley face appears on the “Amount Overpaid” (refund) line, while a frowny face is shown on the “Total Amount Due” line. Nebraska taxes the sale of illegal controlled substances.  The state’s law says drug dealers must buy drug tax stamps at the rate of […]

American Flag Manufacturer Will Be Seeing Stars and Wearing Stripes After Indictment

Richard Spencer, of Canton, Ohio was indicted by a federal court of 15 counts for failure to account for, collect and pay employment taxes. Spencer, owner of RS Sewing, which manufactures American flags, was responsible for the company’s financial operations. For W-2 employees, Spencer withheld federal income, Social Security and Medicare taxes but failed to […]