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Monthly Archive:: September 2021

IRS Website

TweetShareSharePin0 SharesIRS Website If you have any questions about filing your taxes then go right to the source – the IRS. It can take forever on hold to reach them on the phone though and their hours aren’t always convenient. Yet you can get all the information you need quickly from the IRS website. It

House Democrats Tax on Corporate Income: Third-Highest in OECD

TweetShareSharePin0 Shares Under the House Ways and Means tax plan, the United States would tax corporate income at the third-highest integrated tax rate among rich nations, averaging 56.6 percent. The integrated tax rate reflects the two layers of tax that apply to income earned through corporations: the entity-level corporate income tax and the shareholder-level capital

Business Shoot

TweetShareSharePin0 Shares Young 25 year old business woman Posted by DakotaCHarris on 2017-07-25 03:13:18 Tagged: , portrait , business , woman TweetShareSharePin0 Shares

Whose Child Is It Anyway? The Ways & Means Definition Makes It Harder for The IRS To Know

TweetShareSharePin0 Shares To paraphrase Tolstoy, all simple families are alike; each complicated family is complicated in its own way. So when the tax code aims to deliver benefits for kids, expect complexity. But the proposed monthly child tax credit (CTC) in the Ways and Means reconciliation bill reaches new heights. It would extend the expansions

Federal Judge Rules Against American Rescue Plan Tax Cuts Mandate

TweetShareSharePin0 Shares Kentucky and Tennessee won an important legal victory Friday when a federal court ruled that the American Rescue Plan Act (ARPA)’s restrictions on state fiscal autonomy were unconstitutional and enjoined (blocked) the enforcement of those provisions against both states. Specifically, Judge Gregory Van Tatenhove held that the ARPA provision, which limited states’ authority

Which Global Minimum Tax Will We Get?

TweetShareSharePin0 Shares Over the course of the last year, it has become clear that Democratic lawmakers want to change U.S. international tax rules. However, as proposals have surfaced in recent weeks, there are clear divides among various proposals. While President Biden has led a renewed effort on global negotiations over minimum taxation, his own proposals

District Court Reverses Outlying Bankruptcy Court Decision Regarding Discharge of Taxes Following SFR Assessment

TweetShareSharePin0 Shares The case of IRS, et al v. Starling, No. 7:20-cv-07478 (S.D.N.Y. 2021) reverses the bankruptcy case discussed here.  The bankruptcy court followed the authority created in the 8th Circuit almost two decades ago.  The 8th Circuit’s position is distinctly in the minority regarding how to treat a taxpayer who fails to timely file

There’s No Business Like Show Business!

TweetShareSharePin0 Shares Like no business I know: Speaker Pelosi outlines the intense week ahead. The House hopes to pass three major pieces of spending legislation this week: It must approve a  Continuing Resolution (which currently includes an increase in the debt limit) before the government shuts down on Oct 1. The House Democratic leadership also
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