Tax Information

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Small Businesses Filing Amended Federal Tax Returns to Recover Money

Small Businesses Filing Amended Federal Tax Returns to Recover Money By Darren Oliver April 15th may be gone but, but certainly not forgotten ? especially if you, like millions of small businesses, unknowingly overpaid your federal taxes and can recover money by filing an amended return. According to the IRS tax code, you have three years from the filing date for the tax year in question to file an amended return. For example, if returns for the 2003 tax year were filed on March 1, 2004, the taxpayer has until March 1, 2007 to file an amended return. This same rule also applies if the taxpayer feels they have made errors resulting in a balance. Most business owners either prepare their business taxes themselves or have a tax preparer or accountant do them. With either method, the tax liability can be calculated as higher than it actually is because of missed deductions, unrecognized changes in tax laws or just plain being given bad advice. There are a number of applicable deductions which many tax preparers often miss from home office deductions to self-employed health insurance to personal assets converted to business use. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars. Another area, which causes many businesses to overpay, is being given incorrect advice by their tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer produces an average of 480 returns between February 1 and April 15, making it difficult for each return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Furthermore, in the IRS?s 2001 assessment of their own call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether a business owner does their taxes themselves and had to call the IRS for clarification on an issue or a CPA did, odds are the answer was not correct. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can, like all humans do, easily make a mistake. In 2002 alone, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. Another small business owner, Karen McClafflin, owner of home-based Secret Canyon Realty, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Why is it that when faced with a life-threatening surgery a second opinion is immediately sought after but, when trusting thousands or millions of dollars to an individual or entity, it?s done without question? Businesses must get a second opinion, whether it is done before or after the return is filed, to ensure they are not overpaying or simply to ensure their returns are accurate in all aspects. If not, they could be leaving thousands of dollars on the table.

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have overpaid because they are not required to but you can file an amended return for up to three years. Chances are, you either prepare your business taxes yourself or have your tax preparer or CPA does them. There a number of issues surrounding either tax preparation method, which can result in your tax liability being calculated as higher than it actually is including missed deductions, numerous changes in tax laws or being given incorrect advice. As a home-based business professional, there are a number of deductions you are entitled to which many tax preparers often miss. For example, if you run a home office you are entitled to deduct expenses for the percentage of square footage the home office is occupying. Expenses include the combined total of mortgage interest, property taxes, utilities, repairs, etc. For example, if 250 square feet of a 1,000 square foot house is being used for a home office, you are entitled to deduct a quarter of your total expenses. Although some deductions may seem minor, over an entire year, they can add up to thousands of dollars that you are unnecessarily paying the IRS. That is money that you could be using to grow your business. Karen McClafflin, owner of home-based Secret Canyon Realty in Colorado Springs, CO, was able to recover $11,000 when her tax preparer failed to include home office and automobile deductions in her past returns. Another area, which causes many business owners to overpay, is being given incorrect advice by their CPA, tax preparer or even the IRS directly. In a poll performed by Money Magazine, the average tax preparer, prepares an average of 480 returns between February 1st and April 15th, that is a lot of returns in a relatively short amount of time which makes it difficult for your return to get the time and attention it deserves. This same poll also found there was an average discrepancy of 300% between what the tax preparers said was due and what was actually due. Moreover, in a poll of 50 professional tax preparers, consisting of 10 basic tax questions, none answered all 10 questions correctly and only 34 got at least half correct. This problem does not extend to just tax preparers or CPA?s. In the IRS?s 2001 assessment of their own 544 call centers, they found that 50% of the time, their representatives gave incorrect or insufficient advice. Whether you do your taxes yourself and had to call the IRS for clarification on an issue or your CPA did, odds are the answer was not accurate. The United States tax law is one of the most complex in the world. Not to mention, tax laws change every year and have changed tremendously in the last couple of years. Even the best tax preparer, CPA or even IRS representative can easily make a mistake or, forget to use an exemption which could reduce your tax liability. If you have not yet filed your taxes, it is a good idea to get a second opinion from an independent source. The extra money and time spent in doing this could save you thousands. Look for someone or a company who: Has sufficient years preparing home-based business tax returns Prepares less than the average number of returns between January and April so that your return gets sufficient time and attention. Have had clients get a second opinion. In addition, talk to those clients to get there first hand insight. Is willing to pay for a second review of your tax returns to ensure accuracy. Is willing to take MSN?s online Tax IQ Test at Although designed for consumers, this test contains basic tax information that even junior level tax preparers should know. Just as you trust a surgeon with your life, you trust this individual or company with your money and confidential information. Be highly selective and do not be afraid to put them through a rigorous qualification. If they are not willing to participate in your qualification then either they do not know their stuff or, your business is not that important to them. If you already filed your taxes or think you might have missed out on deductions, have been given bad advice or failed to take advantage of a tax law change which could reduce your liability for previous tax years, what can you do? The good news is that by law, the IRS is required, for up to three years, to review your returns and records as many times as needed to find errors. You have the same three years to get a second opinion and file an amended return. In fact, in 2002, 3.3 million taxpayers filed an amended return. Samuel Rowley, owner of Muffler Masters in Colorado Springs, was able to recover $14,500 through the filing of an amended return when it was found that he overpaid FICA and payroll taxes. You may worry that an amended return will trigger an audit however; the IRS itself admits this is not the case. In 2002 alone, 3.3 million taxpayers filed an amended return. The IRS is not the big, bad agency we used to know. In fact, statistics show that audits are down and continue to decline. Businesses throughout the U.S. overpay their taxes to the tune of billions each year and your money could be part of the billions that is overpaid. When it comes to your taxes, always get a second opinion to ensure you are not paying more than you should and, you can even hit pay dirt by looking back.

Alas! In E-Commerce Taxland

In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.

Rearrange Your Affairs For Maximum Tax Savings

One way to maximize your business profits is by reducing your taxes. Frequently, income and other taxes could be lowered significantly if only the taxpayer were willing to plan ahead. By taking some simple steps to rearrange your affairs, you could save a fortune!

Organizing Your Taxes

Does this scene sound familiar? It?s April 7. You haven?t seen the top of your dining room table in two weeks because of the piles of paid bills, receipts, canceled checks, and unidentified cash register receipts covering it. Your head pounds and your stomach churns as the countdown to April 15 begins.

Seven Key Tax Deductions for the Self Employed

As a sole proprietor, it?s wise to familiarize yourself with the some key deductions that may reduce your tax bill for 2004.

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system. And, because very few people know much about the reasons for a bookkeeping system, most people are frightened by the thought of the work involved in setting up such a system, and the drudgery of daily maintenance.



How to Reduce the Estate Tax Using the A-B Revocable Living Trust

In a past article I relayed the plight of the widow who stated:

Keeping Your Own Money ? NOT Handing It Over To The Taxman

Most people trying to make a crust online (or offline for that matter) are so focused on doing just that, they ignore taking simple steps to ensure that they hang on to just as much of it as they can. Instead, they hand over large lumps of their hard-earned money in tax, usually in one of two mistaken beliefs. Either:

Tax Reform, My Way

We need real tax reform and we need it now. Previous attempts have been made at tax reform, but they have only provided band-aid solutions that have still left us with too many quirks, complication, and read tape. There are several things Congress could do to simply the tax system and benefit the taxpayers and federal budget at the same time.

Surprising Truths About Tax Preparers

Choosing the right tax preparer for your business is a decision best not left until April. A former tax preparer and small business mastermind offers insights into the secret world of tax preparers.

Navigating The Internet Sales Tax Laws

QUESTION: I have been contacted by my local city government to say that my business is scheduled to be audited to determine if I owe any sales tax from items purchased on the Internet. Can they really make me pay this tax? I thought you could buy things online tax free? -- Katie R.

Home Based Business Tax Deductions

Running a home based business reaps many wonderful tax deductions that other businesses some times may not claim. Unfortunately to many small business owners end up paying the government taxes every year because they are unaware or several small business deductions that are available.

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Portugal Tax Authorities Clarify That Buying Or Selling Cryptocurrency Is Tax-Free  Forbes

The United States may be taking a hard line on cryptocurrency, but not all countries are seeking to collect from the virtual currency boom. Portugal has clarified ...

Seniors will soon have their own IRS tax form  CBS News

New Form 1040-SR should allow seniors to file income taxes without benefit of an accountant -- or a magnifying glass.

Trump sues to stop New York prosecutors from getting his taxes  POLITICO

The lawsuit is a response to a subpoena the New York District Attorney filed last month seeking eight years of Trump's personal and corporate tax returns.

India slashes business taxes in a bid to boost growth  CNN

India is slashing taxes on companies and manufacturers to try and revive its struggling economy.

This triple tax-advantaged account might beat your 401(k) plan  CNBC

There's a savings account with a potential advantage over your 401(k) plan — and it just might help you save on taxes. It's your health savings account, and it's ...

Progressive tax-the-rich push gains momentum | TheHill  The Hill

The progressive push to raise taxes on the rich is gaining new momentum.

Apple Can’t Win Its $14 Billion European Tax Battle  The Wall Street Journal

Apple 's €13 billion ($14.4 billion) tax fight with Europe is grinding through the courts. It could end up generating unwelcome headlines—for Apple and Brussels ...

How Should We Tax the Rich?  Forbes

Assume, for the sake of argument, that you believe the wealthiest Americans are undertaxed. And you are desperately seeking new revenue to pay for your ...

Soon seniors will have their own IRS tax form CBS News  msnNOW

Filing an IRS tax return is likely to be simpler next year for at least 10% of the 150 million Americans who do so. That's because there'll be a new 1040 form ...

Bill Gates 'wouldn't be against a wealth tax' — here's how it could affect his fortune  CNBC

Despite being the world's second richest man, Bill Gates has been a frequent supporter of higher taxes on America's most wealthy. Democratic presidential ...

Progressive Chicago aldermen propose head tax, taxing nonprofits to help city budget gap  Crain's Chicago Business

Some aldermen also want to boost the hotel tax and require wealthy nonprofit institutions that receive tax exemptions to make payments to the city. Here's what's ...

The New Tax Math for People Living in High-Tax States  The Wall Street Journal

More snowbirds are expected to make a permanent move as the curbs on state and local tax deductions are starting to be felt. The Tax Cuts and Jobs Act of ...

First Time Paying Taxes? Buckle Up  The Wall Street Journal

The tax code is always complicated, but it helps to know the basics. Here are answers to 10 questions to help you get there.

Apple Says It Would Rather Not Pay $14.3 Billion in Back Taxes to the EU  Gizmodo

The European Union has ordered Apple to pay roughly $14.3 billion (13 billion euros) to cover back taxes the EU says is owed to Ireland. But Apple is putting up ...

My family left Chicago because of high property taxes  Chicago Sun-Times

The recent Sun-Times editorial about a “fair tax” on high retirement income caught my attention. At the end, it stated that when older people do move, it's seldom ...

How Do You Tax a Baby Boomer?  The Wall Street Journal

A smaller labor force will force the taxman to turn to consumption and wealth to fund old-age benefits.

2020 taxes, your TSP, mortgage and health premiums  Federal News Network

While some people are already working on their 2020 taxes there are probably many more still trying to figure out what they did right, or wrong, because of the ...

Move To Puerto Rico, Slash Your Taxes To Zero? Not Exactly  Forbes

If you move with appreciated stock, bitcoin or other property, and then sell, all the pre-move appreciation is still subject to U.S. tax. To escape tax, you must wait a ...

How Democrats can raise taxes without technically raising taxes  The Week

Earlier this month, the Trump administration scuttled an ill-fated proposal to index capital gains taxes to inflation. Income tax brackets have been indexed to ...

8 Years of Trump Tax Returns Are Subpoenaed by Manhattan D.A.  The New York Times

State prosecutors in Manhattan have subpoenaed President Trump's accounting firm to demand eight years of his personal and corporate tax returns, according ...

TurboTax Glitch Led To $216 Million Tax Bill For Thrift Store Worker  Forbes

Smith, a part-time worker at a local thrift store, got quite the surprise when she opened a tax bill from the Colorado Department of Revenue to find that she owed ...

READ: New Trump lawsuit to block release of tax records  CNN

President Donald Trump is suing his long-time accounting firm Mazars USA and New York district attorney Cyrus Vance to attempt to stop his accounting records ...

Trump rules out for now cutting capital-gains taxes  CNBC

The White House is expected to discuss indexing capital gains to inflation, a tax proposal that Trump appeared to back away from.

Google will pay over $1 billion after French investigation over dodged taxes  The Verge

Google has agreed to pay a $550 million fine to settle an investigation in France over its tax practices, Reuters reports.

N.J. releases tens of millions in tax breaks for 31 companies, as controversy continues

More than half a billion dollars in tax breaks put on hold by the beleaguered New Jersey Economic Development Authority earlier this year amid mounting ...

Nancy Pelosi unveils 95% tax proposal on prescription medicines  Washington Examiner

Speaker Nancy Pelosi on Thursday released a much-anticipated plan detailing House Democrats' ideas to change the way people get prescription drugs. At the ...

4 Important Tax Items Every Retiree Should Know About  Yahoo Finance

Once you retire, it's helpful to keep several tax opportunities and tax consequences in mind.

Treasury Tries To Clean Up Major Flub In Trump Tax Returns Case  TPM

The Trump administration on Wednesday admitted to a federal court that it needed to correct a major problem in court papers that it filed as part of a bid to…

St. Clair County home values down 23%, property taxes up 5% since recession  Illinois Policy

Without true pension reform, St. Clair County homeowners will only continue to see the gap between their property taxes and home values grow.

Trump Can’t Sue New York Over Tax-Return Law in D.C., State Says  Bloomberg

If the president wants to challenge a New York state law, let him do it on New York's turf.

“Capital gains indexation,” Trump’s latest tax cut plan, explained

Indexing capital gains to inflation, per a proposal from Ted Cruz and Grover Norquist, would overwhelmingly benefit the top 1 percent.

College student tried to hack into Trump’s taxes by creating a fake FAFSA application  The Verge

Two college students are facing federal prison time for attempting to hack into President Trump's tax returns, as reported by CyberScoop. Andrew Harris, 24, and ...

Mayor Durkan proposes 51-cent tax on Uber, Lyft rides in Seattle to fund streetcar, affordable housing  Seattle Times

Seattle would charge a new 51-cent tax on each Uber and Lyft ride in the city, and use some of that money to finish the downtown streetcar, under a proposal ...

Warren wants to 'spread the love' of housing tax breaks around Rochester  Rochester Democrat and Chronicle

Mayor Lovely Warren wants to extend a program that has seen limited use citywide. But that move is receiving criticism and interest has been limited in ...

Owner of Hamden deli Ray & Mike’s sentenced to prison for tax evasion  New Haven Register

HAMDEN — The owner of Ray & Mike's deli was sentenced to nine months in prison Tuesday after pleading guilty to one count of tax evasion, according to the ...

Seattle mayor wants to impose per-ride tax on Uber, Lyft  KOMO News

SEATTLE (AP) — Seattle would charge a new 51-cent tax on each Uber and Lyft ride in the city, and use some of that money to finish the downtown streetcar, ...

House Democrats call for stripping tax-exempt status from 60 'hate groups'  Washington Examiner

House Democrats on the Ways and Means Committee said on Thursday that over 60 alleged hate groups, mostly socially conservative organizations, ...

GOP lawmakers add $400M more to fix state roads, ignoring Whitmer's gas tax hike  Detroit Free Press

GOP lawmakers approved budgets in committee Thursday that cover the contentious issue of fixing Michigan's roads, but ignored Whitmer's gas tax hike.

Trump again dangles a promise of tax cuts  CNN

Washington (CNN) President Donald Trump is reviving last year's promise to slash taxes for America's middle class as he seeks to bolster his reelection bid ...

The Growing Debate Over Elizabeth Warren’s Wealth Tax  The New Yorker

John Cassidy writes about Elizabeth Warren's plan for a wealth tax and its potential impact on rising inequality, according to the economists Emmanuel Saez ...

A corporate income tax in Wyoming? Legislation that would enact it is moving forward.  Casper Star-Tribune Online

PINEDALE – Preparing to vote on legislation that would enact a corporate income tax in Wyoming, the Joint Committee on Revenue on Thursday found itself ...

Orleans not included in solar tax deal negotiations  NNY360

WATERTOWN — The town of Orleans has been left out of negotiations for a possible tax deal with a solar developer that plans to build most of the facility in.

Luxury tax bill could surpass $13M for Red Sox  ESPN

The Boston Red Sox are on track to pay a $13.05 million luxury tax for a season in which they are likely to miss the playoffs.

India Stocks Poised for Biggest Jump in a Decade on Tax Cuts  Bloomberg

Indian stocks surged with the rupee while bonds slumped after the government unexpectedly slashed the corporate tax rate to boost economic growth.

Biden vows tax credit will put '720 million women' back in workforce  Fox News

Former Vice President Joe Biden made another gaffe on Tuesday, this time suggesting that his child tax credit plan will put "720 million women" back into the ...

Fort Collins rejects property tax funding for 442-home Northfield development  The Coloradoan

Fort Collins City Council narrowly rejected a metropolitan district for the Northfield development, forging an uncertain future for the proposed 442-unit subdivision ...

Koch-Backed Republicans Want to Tax Your Electric Car  Sludge

Libertarian billionaire Charles Koch has spent his entire adult life proclaiming the virtues of individual liberty and personal property rights. But when Americans ...

Trump just raised your taxes  Yahoo Finance

With far less fanfare than the tax cuts President Donald Trump signed into law in 2017, a series of tax hikes went into effect on September 1 on thousands of ...

The world's richest could lose hundreds of billions under Warren's wealth tax  Los Angeles Times

Billionaires such as Jeff Bezos, Bill Gates and Warren Buffett could have collectively lost hundreds of billions of dollars in net worth over decades if Elizabeth ...

Abe Rival Says Japan Sales Tax Hike Is ‘Crazy,’ Wants It Abolished  Bloomberg

Just as Japan braces itself for a hike in the sales tax to 10% on Oct. 1, one of Prime Minister Shinzo Abe's would-be rivals is calling for it to be abolished ...

The Latest: Trump gets victory on California tax return law  The Associated Press

SACRAMENTO, Calif. (AP) — The Latest on a court hearing over California's law aimed at forcing President Donald Trump to release his tax returns (all times ...

5 Tax Tips for 2019 -- and Beyond  Motley Fool

Here's how to make your life easier from a financial perspective.

Judge rules woman can keep property set to be sold at tax auction  WWNY

More than 200 properties in St. Lawrence County were sold at a tax auction over the weekend. However, a day before the auction, a judge said tax delinquent ...

Plastic bag taxes or bans have been passed in 400 cities and states. But did it reduce waste?

Looking at the nation's most intriguing experiments in local policy. The policy: Plastic bag bans and taxes. Where: In more than 400 states and cities in the US.

Trump’s fake tax cuts are back

The president made up a new round of middle-class tax cuts ahead of the 2018 midterms. Now he's at it again.

Taxing wealth at lower rate than income is wrong, says thinktank  The Guardian

The government could gain £90bn in extra revenue over five years if it taxed income from wealth in the same way it taxes income from work, according to a ...

Pensions compensation payouts could trigger six-figure tax bills  Financial Times

Regulatory headache for those with final-salary pensions who took out fixed protection.

Arizona Cities and Towns Ranked for Taxes  Kiplinger's Personal Finance

Arizona's population growth is partly due to its low state tax burden. However, you can still get burned by local property and sales taxes in the state.

Trump may have committed tax fraud by fabricating a loan to avoid paying income taxes on nearly $50 million  Business Insider

"If he didn't actually buy the loan, this is just garden-variety fraud," a commercial-real-estate-finance expert told Mother Jones.

Democrats' Emerging Tax Idea: Look Beyond Income, Target Wealth  The Wall Street Journal

Lawmakers and 2020 candidates offer a range of options focused on capturing some of the trillions of dollars in assets belonging to the nation's richest. Among ...

Progressive wealth taxation  Brookings Institution

Emmanuel Saez and Gabriel Zucman discuss the empirical evidence on progressive wealth taxation, the elements needed to make a US wealth tax work, and ...

Carl Icahn Is Heading to Florida for Lower Tax Rates  Yahoo Finance

(Bloomberg) -- Billionaire Carl Icahn is planning to move his home and business to Florida to avoid New York's higher taxes, according to people familiar with ...

“Robot Tax” Is Bill De Blasio's Scrambled Vision Of Innovation And Labor.  City Journal

New York's mayor has a plan to address the displacement of workers through automation: Bill de Blasio wants the federal government to enact a “robot tax.

The Great Tax Break Heist  The New York Times

Tax scams are the tribute policy vice pays to policy virtue. A few days ago The Times reported on widespread abuse of a provision in the 2017 Trump tax cut that ...

Chicago budget gap: Lightfoot calls for tax on luxury real estate sales  Curbed Chicago

To close the $838 million budget gap, Lightfoot's administration is committed to a graduated real estate transfer tax.

Elizabeth Warren Proposes Boosting Social Security by Hiking Taxes on the Rich  Bloomberg

Elizabeth Warren released a plan Thursday to expand Social Security benefits by $200 per month with a payroll tax increase on incomes above $250000, her ...

How Tax Policy Gave Us White Claw  New York Magazine

Vodka soda is the chicken breast of alcoholic beverages. Why did it take so long to make something like it available in a can?

The Case for a Goldilocks Carbon Tax  Forbes

Earlier this week a group called the Climate Leadership Council unveiled a proposal for an economy-wide carbon fee. Proposals for carbon pricing are not new.

Deutsche Bank has tax returns but doesn't say publicly if they are Trump's  CNN

Washington (CNN) Deutsche Bank wouldn't say publicly on Tuesday whether it has President Donald Trump's tax returns. Yet the bank acknowledges the US ...

White House to roll out tax cut plan mid-2020: Kudlow  Reuters

BALTIMORE (Reuters) - The Trump administration plans to unveil a tax cut plan in mid-2020, a top White House adviser said on Friday, saying it would be ...

BBC presenters told to pay tens of thousands in back taxes as judge rules against them  The Telegraph

Three BBC news presenters have been told to pay hundreds of thousands of pounds in back taxes, despite the High Court finding that the corporation forced ...

Trump Says He’s Completely Immune from ‘the Criminal Process’ in Lawsuit to Keep Tax Returns Secret  Law & Crime

Attorneys for President Donald Trump filed a lawsuit against Manhattan District Attorney Cyrus Vance in the Southern District of New York (SDNY) on Thursday ...

Why California's Cannabis Market May Not Tell You Much about Legalization in Your State  Just Taxes Blog

New tax data out of California, the world's largest market for legal cannabis, tell a complicated story about the cannabis industry and its tax revenue potential.

Hong Kong government ‘ignoring Legco’ on vacancy tax  South China Morning Post

The man representing Hong Kong housing developers in the city's legislature has blasted the government for pressing ahead with a vacancy tax, saying it was ...

Gov. Lamont pushing for revised guidelines for ‘Meals Tax’ hike

After a full week of blow-back on guidelines from the tax department that included expanding the boosted 'prepared meals tax' to dozens of items in the ...

Judge rejects House Democrats' request to fast-track Trump tax return case  CNN

Washington (CNN) A federal judge on Thursday denied an attempt by House Democrats to fast-track its attempt to force the Treasury Department and IRS to ...

It’s Not Just Uber, California Bill Could Transform Tricky Tax And Legal Rules On Independent Contractors  Forbes

The vast gig economy may be about to change, and not just in California. California is often a leader in laws regulating employment, often followed quickly by ...

Climate Town Hall: Several Democratic Candidates Embrace a Carbon Tax  The New York Times

At a CNN forum on climate change, the first such prime-time event in a presidential campaign, candidates vowed to take aggressive action to combat global ...

Trump's banks won't tell court if they have his tax returns  CNN

Lawyers for Deutsche Bank and Capital One repeatedly refused Friday to tell an appellate court in New York whether the banks are in possession of President ...

Peabody School Committeeman and council candidate Jarrod Hochman faces $50k tax lien - Itemlive  Daily Item

PEABODY — School Committee member Jarrod Hochman, a candidate for city councilor-at-large, owes more than $50,000 to the Internal Revenue *Service* , ...

Richest Could Lose Hundreds of Billions Under Warren's Wealth Tax  Bloomberg

Billionaires such as Jeff Bezos, Bill Gates and Warren Buffett could have collectively lost hundreds of billions of dollars in net worth over decades if presidential ...

​Corporate tax cut for domestic and new domestic manufacturing companies: FM Sitharaman announces  Economic Times

The government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent ...

GST Council to opt for just minor tax tweaks  Livemint

GOA : India's federal tax council is likely to ignore the rising chorus for tax relief at its Friday meeting and make only minor tweaks instead as a revenue shortfall ...

The interesting history of capital gains tax in Canada — and its significant impact on real estate  Financial Post

Haider-Moranis Bulletin: Recent campaign controversy suggests inclusion of the principal residence in capital gains remains a hot button topic.

Exclusive: Bold move, will help economy, RBI Governor Shaktikanta Das reacts on corporate tax rate cuts  India Today

Reserve Bank of India Governor Shaktikanta Das praised the government for its "bold" move to slash corporate tax rates in a bid to boost the ailing Indian ...

Why Booker shortlist is more taxing for some readers  BBC News

If you want to plough through the Booker Prize shortlist before the winner is announced on 14 October, the pile of books in hardback will cost you just under £90.

The Rise of Phantom FDI in Global Tax Havens – IMF F&D  International Monetary Fund

Empty corporate shells in tax havens undermine tax collection in advanced, emerging market and developing economies.

When will NY mail your STAR property tax check? Look it up

NYS has already mailed more than 300000 checks.

Why American Workers Need to Be Protected From Automation  WIRED

Opinion: As President, I would issue a robot tax for corporations displacing humans, and create a federal agency to oversee automation.

France Won't Tax Crypto-to-Crypto Trades, But Will Hit Gains Cashed Out  Bloomberg Tax

France will tax cryptocurrency gains when they're converted into “traditional” currency, but crypto-to-crypto transactions remain tax exempt, French economy ...

Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free  Cointelegraph

The Portuguese Tax and Customs Authority clarified that there is no income tax on Bitcoin and cryptocurrency in the country.

Reduction in corporate tax rate welcome, doubtful whether investment will revive: Jairam Ramesh  Times of India

NEW DELHI: Congress leader Jairam Ramesh on Friday welcomed the reduction in corporate tax rate but expressed doubts on whether the step will revive ...

Stiglitz: Ireland not a good EU citizen over tax rates  Irish Examiner

Ireland's tax policies have come in for stinging criticism at the hands of Nobel-prize winning economist Joseph Stiglitz. Speaking at a press conference in Paris ...

Trump's latest idea could put Social Security in a serious bind: analysis  USA TODAY

How President Trump's idea of a potential payroll tax cut could affect your Social Security.

Budget Deficit on Path to Surpass $1 Trillion Under Trump  The New York Times

WASHINGTON — The federal budget deficit is growing faster than expected as President Trump's spending and tax cut policies force the United States to borrow ...

Corporate tax rate cut: Diwali bonanza to corporates  BusinessLine

BL Research BureauWhile tax rates cuts have been announced every year since 2016 Budget, due to increase in surcharge on corporate tax and increase in ...

Bond yield surges as government announces cut in corporate tax rate  Livemint

At 11.31 am, 10-year bond yield rose 15 basis points to 6.79%.India will cut corporate tax rate for domestic businesses to 25.17%

Macron defuses French digital tax row, Trump coy on wine threat  Reuters

BIARRITZ, France (Reuters) - France and the United States reached a deal to end a standoff over a French tax on big internet companies, though U.S. President ...

13 Investigates 13 Investigates: Shakeup at Department of Taxation Joe Bartels 10:57 PM, Sep 13  KTNV Las Vegas

There's been a shakeup at the Department of Taxation after a minor was allowed to purchase marijuana at a legal dispensary.

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