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Taxes

FIRST ON 3: IRS hits Navassa with $35k penalty

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videoThe IRS has issued a nearly $35,000 fine to the Town of Navassa. When reached by phone this morning, Mayor Eulis Willis said the council has not yet talked about the penalty, but it does have the town's lawyer working on it. Full story...
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IRS estimate: 17 percent of taxes owed went unpaid

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The Internal Revenue Service is estimating that people and businesses underpaid their taxes by $450 billion in the most recent year studied. Full story...
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Donors rush to charities ahead of New Year's tax deadline

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video It's a great time of year to give and to receive. Charities are being flooded with donations right now, but those good deeds don't only help those in need. This week is historically one of the biggest weeks for generosity as people donate money and used items to charities to claim the donation on their taxes for the year. Full story...
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Elon Poll: N.C. favors higher taxes on millionaires, unhappy with Congress

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Two out of three North Carolinians support the increase of taxes on Americans making more than $1 million a year, according to the latest Elon University Poll, and a majority of respondents believe that President Barack Obama is more willing to work with Republicans than the GOP is willing to work with the president. Full story...
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Obama: Debt deal is only a first step

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The Senate has approved an emergency bill to avert a first-ever government default with just hours to spare. Full story...
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ONLY ON 3: New Hanover property values down significantly; beach towns hit hardest

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video Property values throughout New Hanover County are heading down. The areas seeing the largest drops since the last revaluation in 2007 are the beach towns. Full story...
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Henderson County residents to vote on liquor sales

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Alcohol sales will be on the ballot for Henderson County residents next spring. Full story...
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Berger's attorney, one other plead guilty to failing to file taxes

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The Department of Revenue says Sam Edwards of Ocean Isle Beach and Dennis Sullivan Jr. of Wilmington both admitted to five county of willful failure to file their state tax returns. Both men paid the taxes and interest they owed before entering a plea. Full story...
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Poll: Voters say raise taxes in 2011, pay the price in 2012

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Voters say they would be less likely to vote for a legislator in 2012 who voted for a tax increase. As the General Assembly finalizes the 2011-2012 budget proposal, a new poll released today by the Civitas Institute shows strong opposition to new taxes. The poll also found 75 percent of voters oppose a plan by Gov. Bev Perdue to raise taxes by $800 million. Full story...
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NC GOP tax package may cut rates, simplify returns

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North Carolina's individual income tax rates could be lowered and state returns simplified in a package of changes being considered by Republicans at the Legislature. Full story...
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