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Monthly Archive:: June 2021

Obtaining a Federal Income Tax Refund

TweetShareSharePin44 SharesObtaining a Federal Income Tax Refund “You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding

Are You Overpaying Taxes If You Use Tax Preparation Software?

TweetShareSharePin22 SharesAre You Overpaying Taxes If You Use Tax Preparation Software? For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click “print” and out comes a completed return that will pass muster with the IRS. The answer to all your problems…or is it? Can One

Tax FAQ: Answers To Basic Questions About Taxes

TweetShareSharePin33 SharesTax FAQ: Answers To Basic Questions About Taxes * What is a W-2 form? The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the

Need to File Back Taxes?

You should ensure that you file now to avoid penalties and interest. When you file now, you'll be able to pay with the least amount of applied charges. Additionally, all late payments are also factored into the total that you'll pay when you file now.

IRC 7459(d) and the Impact of Dismissal

TweetShareSharePin11 Shares On May 20, 2021, the Court of Federal Claims decided the case of Jolly v. United States, Dk. No. 20-412.  Ms. Jolly pursued the case pro se.  The court lists the opinion as not for publication. The case involves a refund suit covering four tax years.  The court decided not to dismiss her

Details & Analysis of Biden Infrastructure Plan

TweetShareSharePin11 Shares Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP) would increase federal spending by about $2.2 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with permanently higher corporate taxes of about $1.7 trillion over 10 years (conventionally estimated). Using the Tax Foundation General Equilibrium

Keep More of What You Make – Start A Home-based Business

TweetShareSharePin33 Shares Keep More of What You Make – Start A Home-based Business Source: Flickr The best advantages of owning a home-based business are you can turn non-deductible expenses into tax deductions. The deductions you create for your Schedule C have a more significant impact on the total taxes you pay than do deductions on

Is today a turning point against corporate tax abuse?

TweetShareSharePin11 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on

Is today a turning point against corporate tax abuse?

TweetShareSharePin0 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on
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