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Federal Tax Updates Archive

Earnings From Abroad and Taxes

TweetShareSharePin0 Shares Earnings From Abroad and Taxes Source: Flickr With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it. Taxes on Your Earnings From Abroad The federal government has a very simple attitude towards taxes and earnings. If you have earnings,

IRS Owes You Money If You Paid Long Distance Phone Taxes

TweetShareSharePin0 Shares IRS Owes You Money If You Paid Long Distance Phone Taxes Source: Flickr The IRS has decided to give up the fight on an ongoing legal issue regarding taxes it has collected on long distance telephone services. Here is the scoop. The IRS Owes You Money If You Have Paid Long Distance Phone

Payroll Taxes

TweetShareSharePin0 Shares Payroll Taxes Source: Flickr If you have employees, you are responsible for payroll taxes. This is a term that lumps all the different forms of employment taxes into one category known as “payroll tax”. In reality, payroll taxes encompass Federal and state income tax withholding, social security and Medicare taxes (also known as

Small Employers Rejoice – IRS Simplifies Filings

TweetShareSharePin0 Shares Small Employers Rejoice – IRS Simplifies Filings Source: Flickr On of the largest burden on very small employers is dealing with taxes. Fortunately, the IRS has taken a major step to reduce this burden. Quarterly Federal Tax Returns – Not! There are millions of small businesses that labor under the burden of filing

Tax Relief, Tax Scrutiny | Tax Policy Center

TweetShareSharePin0 Shares Will taxing capital gains at death hurt farmers? Democratic lawmakers representing rural districts want assurances that owners of family farms and small businesses will be protected from President Biden’s proposal to tax at death capital gains exceeding $1 million.  June will be appropriations month in the House. Appropriations Committee Chair Rosa DeLauro says

Employment Taxes – Depositing With The IRS

TweetShareSharePin0 Shares Employment Taxes – Depositing With The IRS Source: Flickr If your business has employees, you must pay employment taxes. The payment system can be a bit confusing, so this article discusses how to go about depositing employment taxes with the IRS. Depositing Employment Taxes To pay employment taxes, you must deposit the money

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