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Federal Tax Updates Archive

Gas: Where Does the Money Go?

TweetShareSharePin0 SharesGas: Where Does the Money Go? With extremely high gas prices straining consumers’ pockets in recent months, it is only natural for people to wonder where all the money they pay at the pump goes. Contrary to popular belief, the price of gas is not solely reliant on the price of crude oil. There

Expensive Health Insurance? Ways To Cut The Cost.

TweetShareSharePin0 SharesExpensive Health Insurance? Ways To Cut The Cost. You may have noticed an increase in your health insurance premium recently. Here we examine some of the possible reasons for this and look into ways of combating them. According to the market-research group Datamonitor, medical inflation is the reason for yearly increases of 8% in

Saving For College: What Every Family Should Know

TweetShareSharePin0 SharesSaving For College: What Every Family Should Know Higher learning doesn’t come cheap, and many families struggle to pay for the annual tuition costs necessary for their children’s education. In other cases, college students work while attending school or even take out student loans to help cover the costs. One way to avoid the

Fannie Mae – Supporting Homeownership Through Mortgages

TweetShareSharePin0 SharesFannie Mae – Supporting Homeownership Through Mortgages The federal national mortgage association, better known as Fannie Mae, is an integral part of the mortgage industry. Here’s an overview on Fannie Mae and what it does. Fannie Mae – Providing A Little Help Throughout the history of the United States, federal and state governments have

North Carolina Income Tax Reform & Proposals

TweetShareSharePin0 Shares Eleven states have enacted laws this year to reduce income tax rates, in most cases paired with other structurally sound tax reforms. If North Carolina state senators get their way, their state will be the twelfth—and perhaps the most significant to date. On June 10, 2021, the North Carolina Senate passed House Bill

The capture of Malta and the fight for justice: the Tax Justice Network podcast, July 2021

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. In this episode Naomi Fowler speaks with Paul Caruana Galizia, one of the sons of Malta’s incredible investigative journalist and anti-corruption champion Daphne Caruana Galizia, who was assassinated in

Tax Preparation Software: The Good, the Bad and the Ugly

TweetShareSharePin0 SharesTax Preparation Software: The Good, the Bad and the Ugly The medium is the message, it’s sometimes said. Think of Franklin D Roosevelt and his “fireside chats” to the nation. In a pre-TV era, the radio was the perfect medium to “have a conversation with the American people”. He could get his reassuring message

Proposed Tax Preparer Regulation Bill: Here’s What’s Included

TweetShareSharePin0 Shares In the face of growing concerns, Representative Jimmy Panetta, a Democrat from California, and Representative Tom Rice, a Republican from South Carolina, have introduced legislation that would place stricter controls and regulations on those who are paid to assist taxpayers in the preparation of their tax returns. The Taxpayer Protection and Preparer Proficiency

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