Automatic Website Traffic RSS

Navigating The Sunset: A Guide To The Tax Cuts And Jobs Act's Expiring Provisions

The sunset of the TCJA provisions marks a critical juncture in U.S. tax policy. By staying informed, utilizing available resources and engaging in proactive tax planning, taxpayers can better navigate ... read more

The bipartisan tax bill contains a critical fix to spur American innovation

We have heard numerous stories of desperation — entrepreneurs forced to take out emergency loans, remortgage their homes, plead with investors for additional capital, lay off essential staff or ... read more

Tax planning strategies: Minimizing liabilities and maximizing returns \xa0

By Bernard BEMPONG\xa0 A strategic approach to tax planning is fundamental for a business aiming at substantial returns on its investments. Tax planning involves controlling or minimizing tax ... read more

10 States With the Most Income Tax Writeoffs

See the accompanying gallery for the 10 states where Americans write off the most in federal income taxes, according to SmartAsset. © 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use ... read more

Tax withholding works just fine, give or take

As a volunteer tax preparer for AARP, I often encounter people who have overpaid and are due a large refund. Many are OK with this, including some financially sophisticated people. Some are not and ... read more

Davenport woman misused money meant to pay victim’s taxes, police allege

A 37-year-old Davenport woman faces a theft charge after Davenport Police allege she took a victim’s money and did not use it to pay the victim’s taxes as agreed, court records show. Latisha Griffin ... read more

Labour taxes rise across OECD countries amid persistent inflation

Taxing Wages 2024 reveals that effective tax rates on labour incomes rose in a majority of OECD countries with the post-tax income of single workers earning the average wage declining in 21 out of 38 ... read more

Missing the Tax Court’s 90-Day Deficiency Deadline – Now What?

Thus, if such a payment satisfies the taxpayer’s tax liability, no notice of deficiency will be mailed and the Tax Court will have no jurisdiction over the matter. Reg. Sec. 301.6213-1(b)(3). In any ... read more

IRS Cannot Offset Taxpayer’s Refund With A Disputed Tax Liability

Imagine the IRS notifies Taxpayer that they have an outstanding tax liability with respect to Tax Year, and that the agency intends to levy on Taxpayer’s property to collect the allegedly unpaid tax. read more

Tax Strategist vs. CPA: Differences You Need to Know

offering strategic planning services to minimize tax liabilities for high-net-worth individuals or large organizations. Average Salary: $140,000 Low-End Salary: $45,000 High-End Salary ... read more

Tax Advisor vs. CPA: What Are the Differences You Should Know?

tax advisors offer strategic guidance to minimize tax liability and ensure adherence to all tax laws and regulations. They are well-versed in the complexities of the tax code and provide tailored ... read more

Here’s why insurers like CT’s film production tax credit

companies can use film tax credits to offset up to 50% of their total corporate tax liability, and up to 55% of their insurance premiums tax liability. “Like all businesses and taxpayers ... read more