Federal Tax Updates Archive

Wyoming Business Tax Competitiveness | Tax Foundation

TweetShareSharePin0 Shares Wyoming is, without question, a low tax state, with the nation’s second-lowest overall tax burdens on residents[1] and highly competitive taxes for many businesses. Residents benefit from the high exportability of state taxes, particularly those on extractive industries. Taxes on oil, gas, coal, and other industries are borne by investors and consumers across

Automated Filing, Tax Relief, And Sanctions

TweetShareSharePin0 Shares Study: IRS could prepare up to 48 percent of all tax returns. A new National Bureau of Economic Research paper finds the IRS could accurately pre-populate between 41 to 48 percent of individual income tax returns, between 62 and 73 million returns, using current-year information returns and the prior-year 1040. Researchers from Treasury,

Interest Only Mortgages – FSA Makes Move To Protect Homeowners

TweetShareSharePin0 SharesInterest Only Mortgages – FSA Makes Move To Protect Homeowners Abbey recently stated that over 25% of homeowners decide to take out an interest-only mortgage. It’s not hard to see why – the monthly payments are significantly less, just look at this example based on a 25 year £125,000 mortgage at 5%. The interest

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