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States cut taxes on income, gas, propert...

Tax cuts are all the rage in 2022. Americans used to hearing complaints from politicians about budget deficits might be shocked to learn that many states are swimming in cash — and lawmakers want to share the wealth in reducing taxes on groceries, gas, income and more. According to an analysis by the nonpartisan public […]

IRAS introduces new frameworks to help b...

SINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has introduced two new tax frameworks to help businesses manage corporate tax and goods and services tax (GST) issues, it said Friday 18th March. The Tax Governance Framework and the Tax Risk Management and Control Framework for Corporate Income Tax will help businesses “strengthen tax compliance”, IRAS […]

IRS issues guidance on Tax Court review ...

The IRS has issued Notice 2022-13, effective February 7, 2022, regarding the Tax Court’s review of an IRS decision to determine whether a worker is properly classified as a worker. employee or independent contractor. The new guidelines amended and replaced Notice 2002-5 and Rev. Rule. 2009-39, so that formal notice from the IRS under section […]

A gender-sensitive tax policy to promote...

Prianto Budi Saptono and Ismail Khozen (The Jakarta Post) Jakarta ● Mon 14 March 2022 2022-03-14 13:00 0 22dc95a23fb944820adae5904f3e3a97 4 Academia tax,gender,equality,Women,OECD,policy,benefit,VAT,SDG,UN,allowance Free The slogan “leave no one behind” represents the vision of the United Nations for its 2030 agenda, which was established in 2015. A country’s tax system can be one of the most […]

Tax season tips and tricks

With 2022 well underway, March heralded a time of year that many dread: tax season. Taxes are a notoriously complicated subject, with many people preferring to go the tax services route in order to get their taxes filed before the April 30 deadline. For students, this may be the first year that they file their […]

$460,000 tax fraud suspect asks court if...

This July 24, 2018, file photo shows part of the US 1040 personal income tax return form. (AP Photo/Mark Lennihan, File) A federal magistrate is considering whether a woman accused of filing more than $460,000 in fraudulent tax deductions should be allowed to continue filing tax returns while free on bail. A grand jury indicted […]

What makes more sense, a minimum income ...

Image credit: AP Photo/Palm Beach Post, Gary Coronado FLPAP103 itch McConnell, the GOP leader in the Senate, has no problem with billionaires. He has spent his entire political career helping billionaires make more billions. But Mitch Connell Is have a problem with a particular fabulously rich figure. This problem happens to be the U.S. Senate’s […]

8 rookie mistakes you could be making wh...

Everybody favorite the season is finally here, and, no, we’re not talking about spring — we’re talking about tax season! Most Canadians here and abroad must file your 2021 tax return by April 30, 2022, and while it can be a stressful time of year, there’s still time to get through it. If this is […]

LaGuardia Community College accounting p...

An Astoria accounting professor who owns a local tax consultancy has been sentenced to 14 months in prison for preparing false tax returns (Photos: iStock and Google Maps) March 11, 2022 By Michael Dorgan An Astoria accounting professor who owns a local tax consultancy was sentenced to 14 months in prison on Wednesday for preparing […]

Tax Fraud Blotter: Deliberately Made

Twice as pleasant; mobile violation; A to Z in prison; and other highlights of recent tax cases. Pittsburgh: John C. Thornton of Gibsonia, Pennsylvania, owner and operator of Tax Centers of America franchises in Pittsburgh, pleaded guilty to aiding or assisting in the preparation or filing of false federal income tax returns. Between 2012 and […]

Gas tax CT: 5 things to know

CONNECTICUT — Politicians on both sides of the aisle are exploring possible federal and state gasoline tax cuts to reduce the overall cost of gasoline. The average cost of a gallon of regular gasoline in Connecticut broke a record Wednesday and again Thursday, according to AAA. The statewide average cost was $4.475 a gallon as […]

IT department issues tax refunds worth R...

How to Check Income Tax Refund Status the Income tax (IT) The department issued refunds worth more than Rs. 1,86,677 crore to more than 2.14 crore taxpayers between April 2021 and March 2022. The Central Board of Direct Taxes (CBDT), the direct tax body of the IT Department of the Ministry of Finance, said in […]

Rather than roll over the ill-conceived ...

However, as an economic support measure for the pandemic, Stage 2 has been brought forward two years to 2020-2021. The logic of the tax cuts would then have resulted in the abolition of the LMITO, but it was extended for another year when the government threw everything, including the kitchen sink, into the economic stimulus […]

Position #1767: Vice President of Accoun...

CompanyOur client is a 25+ year old company that has built a legacy through the development and management of more than 25,000 affordable and senior living units at market price in an apartment nationwide mixed-use communities and developments. As one of the 20 countries in the country largest multi-family developers, the company maintains a commitment […]

DCCI proposes a corporate tax cut of 2.5...

The Dhaka Chamber of Commerce and Industry (DCCI) has proposed reducing corporate tax by 2.5 percentage points for listed and unlisted companies to help them boost their competitiveness in the Asian region. The DCCI presented a set of 40 recommendations for the next national budget for FY23 to the chairman of the National Board of […]

HMRC urges caution as fraudsters seek to...

HM Revenue and Customs (HMRC) is today warning customers not to share sensitive personal information online to prevent their identity from being used to commit tax evasion. HMRC is aware that criminals attempt to obtain customers’ government gateway IDs and other personal information, allowing them to register for income tax self-assessment and submit fake refund […]

3 financial moves to make

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. If you are someone who earns a lot of money (for example, between six figures and […]

Can you claim the childcare tax credit i...

With many people just starting to file their taxes, we answer all your tax questions. CHARLOTTE, NC — It’s been almost a week since North Carolina began accepting personal tax returns, though the IRS has been open for business since late January. With many people just starting to file, we answer all your tax questions. […]

Luxon calls on government for tax relief...

National leader Christopher Luxon is calling on the government to provide tax relief to struggling Kiwis as the cost of living rises. Christopher Luxon. (Source: Getty) The cost of living has increased by more than 11.5% over the past four years. The inflation rate from the December 2020 quarter to the December 2021 quarter was […]

Idaho bill cancels most property tax adv...

A new bill in the Idaho Legislature would eliminate most property taxes, replacing lost revenue for localities with the highest sales tax in the nation. Sarah A.Miller A Caldwell Republican on Friday introduced a bill to overhaul Idaho’s property tax system — removing much of the current property tax burden from homeowners and instead making […]

IRS stoking anger with Where’s My Refund

A backlog at the Internal Revenue Service (IRS) continues to leave countless taxpayers in the dark about the status of their tax refunds. As many people turned to the agency for help, the IRS fanned the flames of their frustration this week by recommending the same solutions, even though they knew those solutions were of […]

Kim Reynolds defends freedom and conserv...

John Hendrickson is director of policy for the Iowans for Tax Relief Foundation. “This campaign is more than a competition between two men. It is more than a competition between two parties. It’s a contest between two philosophies of government,” President Herbert Hoover said in describing his differences with Governor Franklin D. Roosevelt. Governor Kim […]

What is NC tax season and when will you ...

Tax Forms File Image leezsnow Getty Images After a one-week delay, the North Carolina Department of Revenue began accepting personal income tax returns on March 1. Tax season started late due to late approval of the state budget, which included multiple tax law changes, the News & Observer reported. The state budget includes a reduced […]

Housing tax bill described | News

Saturday’s legislative update hosted by the Paducah Area Chamber of Commerce was particularly timely, with respect to budget issues being considered in the 2022 session of the Kentucky Legislature. The event, part of the chamber’s Public Policy Series, featured remarks from area lawmakers, District 2 State Senator Danny Carroll, District 3 State Rep. Randy Bridges, […]

Former El Cajon tax preparers admit to f...

Assistant U.S. Attorneys Joseph JM Orabona (619) 546-7951 and Jennifer E. McCollough (619) 546-8773 SUMMARY OF PRESS RELEASE – March 2, 2022 SAN DIEGO — Two El Cajon-based former tax preparers pleaded guilty in federal court today to their involvement in a tax filing scam that resulted in the filing of hundreds of false returns. […]

Lawmakers consider permanent tax credit ...

By SUSAN HAIGH, Associated Press HARTFORD, Conn. (AP) — An income tax credit that was expanded during the pandemic should be made permanent, top Democrats in the Connecticut Legislature proposed Wednesday. The increased tax credit for low-to-middle income workers and families is set to expire on July 1. It’s one of nearly a dozen proposals […]

IRS issues new earned income tax credit ...

The Internal Revenue Service on Wednesday released a series of answers to frequently asked questions about the earned income tax credit. New EITC FAQ page aims to provide information to eligible taxpayers on how to properly claim the credit when preparing and filing their 2021 tax return. The EITC helps low-to-moderate income workers and families […]

Washington’s capital gains tax ruled unc

A controversial capital gains tax passed by the Washington state legislature in 2021 was ruled unconstitutional by a Douglas County Superior Court judge on Tuesday. The Olympian file A controversial capital gains tax passed by the Washington state legislature in 2021 was ruled unconstitutional by a Douglas County Superior Court judge on Tuesday. In Judge […]

– Maine announces April 19 tax deadline

AUGUSTA – Maine Revenue Services today announced that the deadline for filing Maine personal income tax returns for 2021 is Tuesday, April 19, 2022. The Mills administration is urging low- and middle-income people in Maine to review their eligibility for enhanced tax relief this year, which could increase state-issued refund checks by up to $1,400. […]

Top 5 financial tasks to complete this m...

March is not only the end of the financial year, but many important deadlines that have a direct link to your financial matters will end this month. Deadline for Filing Late or Revised Tax Return (ITR), PAN-Aadhaar Link, KYC Bank Account, etc. are some of them. It is therefore advisable for a person who wins […]

Douglas County Court strikes down new WA...

OLYMPIA — A Douglas County Superior Court judge struck down Washington’s new capital gains tax on Tuesday, a first blow to the legislation that is set to end up in the state Supreme Court. In a written order, Douglas County Superior Court Judge Brian Huber wrote that the tax, among other things, violated the tax […]

North Carolina Department of Revenue Ope...

The North Carolina Department of Revenue officially opened the 2022 tax season and began accepting and uploading 2021 personal income tax returns on Tuesday, March 1. Taxpayers who file state returns electronically will receive acknowledgments. The delay in the opening of the tax season is due to the late approval of the state budget, which […]

AB, Center will offer income tax assista...

PHILIPPI — In partnership with its Center for Rural Innovation, Alderson Broaddus University is offering free tax preparation assistance to eligible community members. Known as Volunteer Income Tax Assistance (VITA), the program uses graduate-level accounting majors from Alderson Broaddus University who have been certified by the IRS to provide free basic tax preparation […]

How can real estate investors reduce cap...

Buying real estate as an investment is a big step and also one of the most valuable purchases you can make. With enough time and hard work, it can be a great source of income. But, before you start dreaming of becoming a real estate mogul (sounds good, right?), you must first learn the basics. […]

Minnesotans need a break, but not Social...

With a distraction or two in the news and no legal requirement to do much in the state capitol this session, the Minnesota Legislature is getting little attention so far in 2022. That could be a mistake, as a tireless watchdog — the always-excellent Minnesota Center for Fiscal Excellence — has come out with a […]

GRA outlines 8 strategies to boost tax r...

To achieve the government’s revenue target for 2022, the Ghana Revenue Authority (GRA) has set out eight major tax strategies, including taxation of e-commerce, gaming and betting industries, with the aim of increasing revenue collection. domestic revenue. This was announced by the Assistant Commissioner General for Research and Policy at the GRA, Alex Kombat, during […]

5 Best Accountants in Miami, FL

Below is a list of the best accountants in Miami. To help you find the best accountants located near you in Miami, we have put together our own list based on this list of rating points. Miami’s Best Accountants: The top rated Accountants in Miami, FL are: Isa’s Bookkeeping Services – aims to save customers […]

Virginia lawmakers diverge on tax cuts a...

“Virginia has a very strong fiscal position thanks to prudent decisions made by this body in very difficult times,” Del said. Barry Knight (R-Virginia Beach), chairman of the House Appropriations Committee, presenting the budget for the vote. The story continues under the ad But House Minority Leader Eileen Filler-Corn (D-Fairfax) said Republicans’ focus on broad […]

Proposal Seeks to Modernize Nebraska’s T

Nebraskans with taxable income below $50,000 would pay no state income tax under a proposal heard Feb. 23 by the Revenue Committee. Senator Mike McDonnell “data-image-caption=” The senator. Mike McDonnell “data-medium-file=”http://update.legislature.ne.gov/wp-content/uploads/2017/01/SenMcDonnell_inline-200×300.jpg” data-large-file=”http://update.legislature .ne.gov/wp-content/uploads/2017/01/SenMcDonnell_inline.jpg” loading=”lazy” src=”http://update.legislature.ne.gov/wp-content/uploads/2017/01/xSenMcDonnell_inline -200×300.jpg.pagespeed.ic.7_tOR_4Q7_.jpg” alt=”Sen. Mike McDonnell” width=”200″ height=”300″ class=”size-medium wp-image-20153″ srcset=”http://update.legislature.ne.gov/wp-content/uploads/2017/01/ xSenMcDonnell_inline-200×300.jpg.pagespeed.ic.7_tOR_4Q7_.jpg 200w, http://update.legislature.ne.gov/wp-content/uploads/2017/01/xSenMcDonnell_inline.jpg.pagespeed.ic.zXD8dxIuSN.jpg 297w” sizes=”(max-width: 200px) 100vw, 200px”/>Senator Mike McDonnell Omaha […]

Lawsuit: The State has no taxing authori...

McALESTER — Two citizens of the Choctaw Nation of Oklahoma filed a lawsuit in federal court, saying Oklahoma had no right to tax tribal members and seeking reimbursement of taxes paid under protest . Attorneys for Nellie and Harold Meashintubby are asking a federal judge to decide whether the U.S. Supreme Court’s July 2020 decision […]

Senate Republicans rekindle taker myth –

Republican Senator Rick Scott of Florida, chairman of the Republican National Senate Committee (NRSC), issued a agenda for a possible future Republican Congress. Among a long list of propositions and statements that would have seemed bizarre and even offensive five years ago, he states: All Americans should pay some income tax to stay in the […]

VITA program adds real-world tax prepara...

VITA students work with customers at Fredonia’s technology incubator. He is back to face-to-face consulting for SUNY Fredonia accounting students who prepare federal and state tax returns for local residents through the Volunteer Income Tax Assistance (VITA) program. Even with remote sessions held to comply with coronavirus pandemic restrictions a year ago, the program – […]

Michael Hiltzik: Don’t blame the IRS for

With tax season already underway — the filing deadline this year is April 18 — complaints about the Internal Revenue Service are already coming. We are not referring to complaints about taxes in general – those are still with us, after all – but to complaints about agency customer services. Issues such as how long […]

Youngkin renews tax cut campaign after m...

After taking questions from a lunchtime crowd at a Chesterfield County barbecue restaurant, Gov. Glenn Youngkin asked one of his own. How would diners spend the extra money they would have, Youngkin asked, if the billions in tax cuts he is proposing made it to the General Assembly. “Buy more wine,” said one woman. “Go […]

Scammers steal identity to file false ta...

The Internal Revenue Service is fending off a barrage of tax refund programs as scammers using stolen IDs attempt to take advantage of 2021 tax breaks that have been inflated during the pandemic. And the IRS backlog of millions of returns from a year ago could work in their favor to make things a little […]

Last week in the Iowa Legislature

Last Friday was the first “funnel delay” of the session legislature. This means that many House and Senate bills that weren’t voted on by their original committees are likely “dead” and lawmakers won’t have a chance to vote on them this year. To complicate matters, there are a number of ways lawmakers can bring bills […]

Does my child have to file a tax return?...

FILE – This Feb. 13, 2019, file photo shows several forms printed from the Internal Revenue Service webpage that are used for 2018 U.S. federal income tax returns in Zelienople, Pa. (AP Photo/Keith Srakocic, File) (NEXSTAR) – With tax season approaching, there’s been a lot of talk about the Child Tax Credit and the impact […]

Need help preparing your taxes? Fresno ...

FRESNO, Calif. (KFSN) – Fresno State students are taking action by offering free tax preparation this year. Four years ago, Fresno State accounting student Jonathan Court volunteered his time at the university. “I did it as a requirement of a club, but soon realized it pushed me into the world of tax work and I […]

Funding for New York schools should be r...

When Governor Kathy Hochul announced a $1 billion property tax rebate during her State of the State address last month, the response must have pleased her: by presenting her proposed budget, two weeks later, she raised it to $2 billion. On Long Island, with a median residential property tax bill five times the national average, […]

Shock Gas, Grocery Price Hikes Prompt St...

Rapidly rising inflation in the United States is accelerating calls from governors and state leaders for immediate tax relief for cash-strapped residents facing higher prices on everyday goods such as gas, milk and electricity. The governors of Maine and Kentucky this week joined a slew of states — including Illinois, California, Massachusetts, Florida, Alabama, Washington […]

The common current account in the object...

The joint current account is subject to verification by the tax authorities. Who is really the money? Are the applicable taxes correct? Let’s solve the doubts. Spouses, relatives and members of the company can open a joint account. What are the rules to follow so as not to risk penalties from the tax authorities? Adobe […]

Tax refunds, local services, skateboard ...

Governor Evers offers checks and education, Republicans want to wait until 2023, but a research group suggests local governments stand to benefit. It may seem like ancient history now, but in the weeks leading up to the arrival of the coronavirus pandemic in Wisconsin in the spring of 2020, state lawmakers and Governor Tony Evers […]

Optimum Financial and Tax Services Inc. ...

For those looking for the services of a tax accountant in Elizabeth, Linden and Rahway, New Jersey, Optimum Financial and Tax Services (OFTS), Inc. is the right place to get help. This press release was originally issued by Release Wire Elizabeth, New Jersey—(Release Wire) — 02/17/2022 — Whether preparing or filing taxes, his process is […]

How the child tax credit could reduce yo...

DES MOINES — Tax season is here, and because of the Child Tax Credit and other pandemic stimulus measures, it may be harder to file this year. Cameron McCarty, CEO and president of Vivid Tax Advisory Services, says many people who received the child tax credit but don’t qualify for it might be surprised when […]

North Carolina State Tax Returns, 2022 D...

Form 1040 US Individual Income Tax Return (AP Photo/Mark Lennihan, File) Marc Lennihan PA If you’re ready to file your North Carolina state income taxes, you’ll have to wait a little longer. The state has already delayed the date it is able to process tax returns until mid-February. Now it has been pushed back to […]

Missouri Western Accounting Club Provide...

(ST. JOSEPH, Mo.) The Missouri Western State University Accounting Club offers free electronic tax preparation and filing. The students of the Craig School Of Business Accountancy Club provide free basic income tax service to taxpayers with household incomes up to $60,000. Students will work alongside Dr. Curtis Atchley, ensuring that each set of tax returns […]

Wealth Guide: Income Tax – How To Maximi

Wealth Guide: Tax savings are an integral part of financial planning. The Income Tax Act has established tools by which a taxpayer can save some tax liability. Every individual strives to save as much tax as possible. Section 80C is the most popular and important income tax deduction. It helps you reduce your taxable income […]

Will the Iowa GOP flat tax plan spur gro...

CEDAR RAPIDS – Flattening state income tax rates and exempting retirement income would either lead to growing businesses and jobs and increasing Iowa’s wealth, or simply to the enrichment of Iowa’s wealthy, according to speakers at a public hearing on a tax plan set to be debated later this week. House Republicans are proposing a […]

How to Check Income Tax Refund Status On...

Where taxpayers earn an excess of income tax over the actual tax payable, then they are eligible for a refund of the additional amount. The excess amount paid is refunded by the Income Tax (IT) department after proper assessment. Taxpayers can claim refunds by filing their tax return. They must provide documentary evidence of their […]

Wealth Guide: Valentine’s Day Special –

It’s a strange coincidence that Valentine’s Day falls exactly in the middle of the peak period for tax planning – the January-March quarter. With love in the air, financial prudence tends to take a back seat. Most couples end up choosing the first tax investment that comes their way or ignore any tax planning altogether. […]

End of IR35 ‘soft landing’ period ‘ups t

Oil and gas companies that do not comply with IR35 could soon be hit with “penalties” at the end of the “soft landing” period. Changes to the non-payroll work tax rules were initiated by Her Majesty’s Revenue and Customs (HMRC) for the private sector in the UK in the spring of last year. Since April […]

Non-profit Henrico provides free tax ser...

HENRICO, Va. (WWBT) – The Varina Center for Tax and Small Business Education (Varina Center) offers free tax preparation services to low-income seniors in the Varina District of Henrico County. The nonprofit organization hosts the IRS Volunteer Income Tax Assistance (VITA) site for the Dorey Park Recreation Center on February 20, March 6, April 20, […]

60% of low-income families with children...

THUNDER BAY, ONTARIO ~~~~~ February 12, 2022 (LSNews) Contrary to Ottawa’s rhetoric, the majority of low-income Canadian families with children are paying higher federal personal income taxes due to federal tax changes since 2015, according to a new study released today. by the Fraser Institute, an independent, non-partisan think tank on Canadian public policy. “The […]

What to do with a tax refund? | Milton...

Are you expecting a tax refund this year? If so, what are you going to do with it? Of course, the answer largely depends on the size of your refund. For the 2020 tax year, the average refund was about $2,800, according to the Internal Revenue Service. But whether your refund this year is about […]

How Boric’s New Social Contract in Chile

Chilean President-elect Gabriel Boric has no choice. The one whose election is probably the most important political event in the country since the 1988 referendum which restored democracy after the Pinochet dictatorship assured that if “Chile was the cradle of neoliberalism, it will also be its grave “. If he wants to keep his promise […]

Didn’t receive a tax return? here’s how

New Delhi: The Income Tax Department has already issued refunds worth Rs 1.67 lakh crores to the bank accounts of over 1.87 crore taxpayers across the country as of Feb 7, 2022. The ministry had pointed out that out of the total refunds, Rs 59,949 crore was refunded as personal income tax while Rs 1,07,099 […]

ex-Minden tax preparer sentenced to fede...

SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Deborah Cooksey, 56, of Minden, Louisiana, was sentenced today by U.S. District Judge Donald E. Walter to 24 months in prison, followed by one year of probation, for filing false tax returns. Cooksey was also ordered to pay restitution in the amount of $547,043. […]

Tips to avoid tax problems when working ...

With return-to-office plans being repeatedly pushed back, remote working is likely to be common, if not ubiquitous, for the foreseeable future. This has created an unexpected migration – which portends impending tax headaches for people who don’t plan a strategy in advance. While the “snowbird” lifestyle has generally been considered the preserve of older people, […]

Craig School offers free tax prep to Val...

Help is on the way for those who dread doing their own taxes. The Voluntary Income Tax Assistance Program offers free tax preparation services to low-income taxpayers in the Valley from February 11 through April 10. A joint project of the Craig School of Business in Fresno State and United Way Fresno and Madera Counties, […]

Why is Bangladesh so bad at collecting t...

The year 1991 marked a turning point in the tax system of Bangladesh. That year, the indirect tax system received a boost and Value Added Tax (VAT) was introduced to replace the old cascading sales tax. Before that there was the Income Tax Ordinance in 1984. But that didn’t matter much because it was practically […]

SIU students will offer free tax prepara...

CARBONDALE, Ill. (KFVS) – A group of specially trained students at Southern Illinois University Carbondale will soon be offering free tax preparation services. Beta Alpha Psi, an organization of accounting students from the College of Business and Analytics, is sponsoring the popular free Volunteer Income Tax Assistance (VITA) program in 2022 for low-income community members […]

SIU Carbondale Students Offer Free Tax A...

Southern Illinois University Carbondale students plan to offer free tax assistance to low- and middle-income community members. CARBONDALE, Ill. “Have you started your taxes?” Now there is free help. Southern Illinois University Carbondale students plan to offer free tax assistance to low- and middle-income community members. The specialized accounting student organization Beta Alpha Psi is […]

Elon Musk’s US tax bill: $11 billion. T

Although Tesla says its foreign tax bill was $839 million, its state tax bill was only $9 million. And his federal tax bill was nil. “It defies common sense, but it doesn’t defy the US tax code,” said Martin Sullivan, chief economist for Tax Analysts, a nonprofit tax publisher and expert on US corporate tax […]

Current capital gains tax is ‘too compli

The Center must review the country’s capital gains tax regime, which has become too complicated, Revenue Secretary Tarun Bajaj said on February 9. Speaking in a post-budget interaction with business leaders organized by industry body Confederation of Indian Industry (CII), the bureaucrat said the government would be open to some changes to rates and periods […]

NIPC Seeks to Review Pioneer Status to Q...

James Emejo and Folalumi Alaran in Abuja The Federal Government said yesterday that it would undertake a review of the Pioneer Status Incentive (PSI) scheme, under the Industrial Development (Income Tax Relief) Act, to include emerging activities that require government support. The Acting Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mr. Emeka Offor, […]

Notice of enforcement – tax evasion

Enforcement notice – Tax evasion – Three Golden Horseshoe residents in Ontario sentenced for tax evasion Canada News Wire BRAMPTON, Ontario, February 9, 2022 BRAMPTON, ON, February 9, 2022 /CNW/ – The Canada Revenue Agency (CRA) announced today that Michael Simonelli of Stoney Creek, Ontario, Attilio Montaleone of Oakville, ONand Raffaele Simonelli of Mississauga, ONpleaded […]

This retirement savings trick can lower ...

Tax season is here, and if you’re like most people, you’d like to keep as much of your 2021 income as possible. you are entitled. Although it’s 2022 now, there are still some last-minute tax breaks you can take advantage of if you want to lower your tax bill a bit. Here’s one worth considering […]

Here’s a reason why your tax return is s

Politicians have promised to make tax filing easier for years. Steve Forbes ran for president with a call for a flat tax and repeatedly suggested that the federal income tax code is an “incomprehensible, opportunity-destroying, corrupting monstrosity.” The Trump administration even unveiled a “postcard-sized” tax form that would make it much easier for most Americans […]

Ukraine launches tax system for IT indus...

Ukraine has launched a tax system for the IT industry Diia.City. Oleksandr Borniakov, head of the Diia.City project, announced this during his speech at the Diia summit, reports the Ukrainian press agency. “We are acting so that not only talented Ukrainians stay at home, but also international IT companies become residents of Diia.City,” Borniakov said. […]

Accounting professor pays his taxes for ...

Photo Shutterstock Students and employees who earned less than $58,000 last year can have their taxes paid for free through an IRS-sponsored program on campus. An accounting professor is offering to fill out free tax forms for students, faculty and staff this spring. Michael Gavin, along with select students and other faculty, will complete federal […]

Investors flock to savings bonds to hedg...

As inflation rises, another low-risk investment is getting more attention: the tried-and-true Series I savings bond known as inflation or I bonds. These federally guaranteed instruments currently have annualized returns of 7.12%, which you can only earn when you cash out. That’s the second-highest rate on newly issued I-bonds since their introduction in 1998, and […]

VAT relief is the best way to fight infl...

The economic rebound from pandemic-related restrictions, as highlighted by the positive Treasury figures last week, is quite remarkable. It’s almost as if Ireland’s economy was designed to withstand the pandemic lockdown, with a focus on promoting industry that produces information and communications technology products and pharmaceuticals in high demand, along with a tax base that […]

Free tax preparation services in South C...

The Co-operative Ministry has locations across the Midlands where volunteers prepare taxes for South Carolinians free of charge through a scheme funded by the IRS. COLUMBIA, SC — Tax season is in full swing and to ease the burden on working families, a Midlands nonprofit is offering free tax preparation services. Voluntary Income Tax Assistance, […]

Pakistan’s $1 billion IMF tranches lead

The now resumed The International Monetary Fund (IMF) program that revived Pakistan’s stalled program and released $1 billion tranches forced the federal government to impose a Rs. 160 billion tax on Pakistan’s working class by reducing the number of slabs. Pakistan has pledged to draft Personal Income Tax (PIT) legislation till the […]

Republican lawmakers and governor suppor...

CHARLESTON, SC (WCSC) – South Carolina currently has the highest income tax rate in the Southeast, but Republican leaders in the state House of Representatives and Gov. Henry McMaster are pushing to lower the top state tax rate. H.4880 would gradually reduce South Carolina’s top tax rate from 7% to 6% over the next five […]

Three things to do before tax season

Know clients’ marginal and effective tax rates With our progressive income tax system, many Canadians pay taxes at different rates. As income increases, the applicable tax rate also increases. The marginal tax rate applies to the last dollar of earned income. An Ontario client with total income of $93,000 and no deductions in 2021, for […]

Entergy Customers in Louisiana Can Recei...

News Center > Entergy Customers in Louisiana Can Receive Free Virtual Tax Prep For immediate release 02/04/2022 Volunteers will help eligible clients claim their earned income tax credits NEW ORLEANS, Louisiana — For more than 12 years, employees of Entergy New Orleans and Entergy Louisiana have volunteered to help customers who qualify for the federal […]

Software company Hnry helps hold sole tr...

Picture: Henry Data published last year by the General Tax Inspectorate show that small businesses, which include sole traders, consistently accounted for more than 60% of the debt held by the Australian Taxation Office (ATO). In dollar terms, this represents A$21 billion of the total A$34 billion owed to the ATO at the end of […]

Tax evasion blotter: identity crisis

A skillful customer; give him credit; unhappy camper; and other highlights of recent tax cases. New York: Todd Kozel, a former CEO of a foreign oil multinational, was sentenced to five years in prison after pleading guilty to five counts of willfully failing to file personal income tax returns. From at least around 2004 to […]

Tax return and payment due dates | Mile...

Federal corporate and personal income tax deadlinesThe 2021 federal filing deadline for calendar year-end corporate income tax returns (IRS Form 1120) and individual income tax returns (IRS Form 1040) is Monday, April 18, 2022 for most taxpayers. This is the result of the Washington DC Emancipation Day holiday on April 15th. By law, for tax […]

10 essential facts about federal income ...

Albert Tercero It’s right there on most store receipts, pay stubs, and monthly mortgage statements: a notice of how much of your money went towards taxes. America’s complex, multi-layered tax system means that handing over money to the government is perpetually in your face and in your mind, and never more so than as tax […]

India Unveils Tax Reform Bill Introducin...

Minister of Finance of India Nirmala Sitharaman announced a series of tax reform measures Tuesday as part of the nation 2022 annual budget. While the measures do not propose a change in income tax brackets, they do propose a new tax regime on cryptocurrency transfers and include various incentives such as increased deductions for state […]

Boston Tax Help Coalition offers free ta...

Boston Mayor Michelle Wu. The Boston Tax Help Coalition kicked off its 20th tax season, offering free tax services to residents with incomes of $60,000 or less per year, Wu announced Jan. 28. MOHAN GE/DFP STAFF The Boston Tax Help Coalition (BTHC) kicked off its 20th tax season on Jan. 28, again offering free tax […]

Is your foreign tax credit really credit...

As discussed in a previous post, the foreign tax credit (FTC) is a foundation of the US tax system to reduce the impact of double taxation. In general terms, income derived from a foreign jurisdiction by a U.S. taxpayer, which is subject to “tax on income, war profits, and excess profits paid or accrued in […]

Modi Government’s 2022 Budget Crypto Tax

IIn her 2022 budget speech delivered on February 1, Finance Minister Nirmala Sitharaman announced that virtual digital assets, including cryptocurrencies, will be covered by a tax regime. Although the regime is new, the principles on which it is based and the problems likely to arise from its implementation are quite conventional. The first principle at […]

UAE drops tax-exempt status and introduc...

The United Arab Emirates, long known as a tax haven, will tax corporate profits over $102,000 at 9% from June next year, a statement said. The UAE has shifted from Friday-Saturday weekends to Saturdays and Sundays this year to be closer to global markets. (Photo: Reuters) The United Arab Emirates will introduce a corporation tax […]

UAE – How the new tax regime is boosting

(MENAFN – Khaleej Times) Posted: Mon 31 Jan 2022, 7:18 PM Hailing the bold move to introduce corporate tax, business experts and trade analysts said it was a very critical step for the UAE as it seeks to advance its economic diversification program. The future-ready UAE has already charted the course for its next 50 […]

The IRS already has all your tax data –

Filing taxes in the United States is notoriously complicated and expensive. And it gets even worse when there are delays and delays, making it especially difficult to reach the Internal Revenue Service for assistance. But for me, this raises an important question: Why do taxpayers have to navigate the cumbersome, expensive tax filing system at […]

Rishi Sunak urged to shift tax burden fr...

Rishi Sunak is being urged by a leading centre-right think tank to limit the impact of April’s controversial £12bn rise in National Insurance contributions by shifting the tax burden from work to wealth. Underlining Tory concern over the impending National Insurance hike, a report from Bright Blue called for higher capital, inheritance and rent taxes […]

Where is my tax refund? How to Track Yo...

For faster tax refunds, the IRS strongly recommends filing online and using direct deposit. Angela Lang/CBS the tax season 2022 has begun, and for early filers, tax refunds will soon follow. But how long will you have to wait to receive your money and how do you track its progress? Due to the COVID-19 pandemic, […]

Experts Seek Quick FG Resolution, Declar...

agency report Published January 29, 2022 Economic experts have called for a speedy resolution to the lingering war over value-added tax and consumption tax between the federal government and state governments for economic growth and development. They said so during Nairametric’s Economic Outlook 2022 webinar on Saturday in Lagos on the topic “Your money, the […]

Tax breaks after 50 you can’t afford to

Getty Images If you’re 50 or older, there’s one benefit to taking this step that you may be overlooking: the tax breaks for you. Now you can contribute more to your Roth or traditional Individual Retirement Account (IRA), employer-sponsored plan, or Health Savings Account (HSA) than you could when you were younger. You can even […]

Surtax opponents bring summary case to S...

BOSTON (SHNS) — The campaign on the proposed constitutional amendment to add a household income surtax of more than $1 million stepped into the courtroom on Thursday as opponents filed a lawsuit for influence how the proposal will be summarized for voters. Opponents of the so-called millionaire tax want to see how the attorney general […]

Valdosta, Tifton Goodwill providing free...

Goodwill offers free tax preparation services to the communities of Valdosta and Tifton as well as other Georgia locations. To free: Goodwill is preparing to help the community during tax season by offering free tax preparation services through Voluntary Income Tax Assistance (VITA), a tax program sponsored by the IRS. For over 10 years, Goodwill […]

Stimulus Check LIVE updates: The latest ...

youCitizens S had wished for a fourth stimulus check and, while those hopes seem dim now, there are still a number of financial support programs available through a range of state-level programs. the stimulus checks from the federal government seem to have come to an end, but with a number of incentives to financial aid […]

Reeves in the State of the State: Raise ...

JACKSON, Miss. (AP) – Mississippi Gov. Tate Reeves said in his state of the state address on Tuesday that cutting taxes, giving teachers pay raises, investing in infrastructure and expanding police presence of state in the Jackson capital are among his priorities this year. “We say to every young parent: We will be your partner […]

Taxpayers need relief now, AICPA and oth...

The launch of tax filing season this week comes as taxpayers are already feeling frustration and even desperation with the IRS over unprocessed returns from the previous year and unanswered correspondence, said on Tuesday representatives of a broad coalition of organizations, including the AICPA. More than a dozen representatives from the coalition, Tax Professionals United […]

Meet young Kelly Watson, an African-Amer...

No one knows how to prepare for tax season quite like the tax queen herself, Mrs. Kelly Watson. In 2012, she started the Watson tax service from her home and helped the community while growing her tax business each season. For a decade, this 33-year-old independent woman has been helping people get the most out […]

When should I receive my tax refund? He...

If you see “IRS TREAS 310” on your bank statement, it could be your income tax refund. Angela Lang/CBS the tax season 2022 kicked off this week, and once you’ve submitted your tax return to the IRS, it’s time to start tracking your refund. However, since the IRS is still facing pandemic-related challenges, you’ll want […]

6 Crypto Questions to Ask Your Tax Accou...

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. Taxes are inherently complicated. Add cryptocurrency to the mix, and it can […]

New Buckeye Institute Report Offers Blue...

New Buckeye Institute report offers a blueprint for transitioning Ohio cities to a more sustainable tax system January 24, 2022 Columbus, Ohio – On Monday, the Buckeye Institute released a new policy report, Sustainable Ohio: How to Fund Ohio Cities in the 21st Century, which offers a blueprint for how Ohio can move away from […]

Accountants voice concerns over UK’s new

Accountants and software developers have raised concerns over trials of the UK’s new digital tax system, due to roll out to millions of self-employed people in 2024, after HM Revenue & Customs revealed it there were only nine people participating in the pilot project. The UK tax authority confirmed the figure to the Financial Times […]

Kim Reynolds’ tax proposal is neither fl

Peter Fisher is the Research Director of Common Good Iowa, a nonpartisan, nonprofit public policy research and advocacy organization. Iowa’s tax system is backwards: those with the lowest incomes pay a higher percentage of their income in state and local taxes than those at the top. The governor arrives with a “flat tax” proposal. What […]

ANDY BRACK: Be careful when playing with...

“Whenever the state’s economy is healthy and growing, which is never a permanent state, the tax haters come out with their knives ready to make permanent tax cuts,” said Holley Ulbrich, a retired Clemson University economist who has researched and written about state and local tax policy for years. “And always income taxes, because those […]

Experts offer advice on child tax credit...

According to www.irs.gov, the IRS began issuing information letters to advance recipients of Child Tax Credit (ACTC) 6419 in December and to recipients of the third round of Economic Impact Payments at the end of January. This will be the letter EIP 6475 for the stimulus received in March 2021. “Advanced child tax credit payments […]

Switzerland should consider the global m...

Global business tax expert Daniel Bunn argues that changing the income and property tax regime, not government subsidies, is a smart way to keep Switzerland attractive to multinationals in amid concerns about a global minimum corporate tax rate. This content was published on January 22, 2022 – 11:00 22 January 2022 – 11:00 Review by […]

Senior News | News, Sports, Jobs

Tax assistance available at the Allegheny Community Center Tax season is fast approaching and ACC will be offering free tax services. The service – Volunteer Income Tax Assistance (VITA) – is available both virtually and in person to anyone earning less than $65,000 per year. The service will begin on January 24. As part of […]

Tax billionaires

Sir, – Shana Cohen (“Taxing our 17 billionaires won’t solve inequality”, Opinion & Analysis, January 21) urges our government to tackle inequality, citing a report by Oxfam. The “Irish” billionaires referenced by Oxfam are identified by citizenship, not residency, as necessary for tax purposes. Perhaps the reason these billionaires live abroad is because in Ireland […]

New Minnesota law saves certain types of...

The Minnesota Legislature did something good for a group of state-owned enterprises in the 2021 session: passing a law that could save them hundreds of millions of dollars in federal income taxes . The change was all the more appealing to lawmakers in both parties because it didn’t cost the state a dime. Known as […]

Deadlines for Investing 2021 Earnings in...

M&A activity set a new record in 2021, reaching $5.8 billion worldwide.[1] After such a hectic year of sales, mergers and financings, investors who have seen taxable gains must now consider the inevitable tax bills. An alternative is to defer these otherwise taxable gains to Opportunity Zone Funds. Opportunity Zone Funds (“OZ Funds”) are investment […]