Tax Solutions Archive

OECD Indicates New Focus On Virtual Currency Tax Issues

TweetShareSharePin0 Shares . The record as well as statement show that crypto properties will certainly be a significant location of emphasis for the OECD, tax obligation authorities, and also federal governments from following year. . The OECD’s brand-new record brings with each other for the very first time info obtained from nations– obtained in feedback to

Cyprus, United States To Begin Exchanging CbC Reports

TweetShareSharePin0 SharesCyprus has actually revealed that a bargain for the exchange of country-by-country records in between the area and also the United States is anticipated to end up being efficient as well as cover reporting years beginning on or after January 1, 2020. Second declaring of CbC records in Cyprus will certainly consequently be essential

Permanence, Parenting, and Legal Challenges

TweetShareSharePin0 Shares House Democrats reintroduce bill to make permanent the ARP’s expanded CTC. Reps. Rosa DeLauro, Suzan DelBene, and Ritchie Torres proposed a permanent extension of the American Rescue Plan’s one-year increase in the Child Tax Credit (CTC) as well as full refundability of the credit. The enhanced credit would be available in the states

Receive Copies of Fraudulent Tax Returns

TweetShareSharePin0 SharesWhat did thieves try to steal? Along with tax season comes the season of tax identification theft. Those who have become victims know how frustrating the experience can be. The frustration Until now, if you were a victim of tax identity theft, you would be unable to receive information from the IRS about the

Biden Capital Gains Tax Plan

TweetShareSharePin0 Shares President Joe Biden’s American Family Plan will likely include a large increase in the top federal tax rate on long-term capital gains and qualified dividends, from 23.8 percent today to 39.6 percent for higher earners. When including the net investment income tax, the top federal rate on capital gains would be 43.4 percent.

Tax Cuts and Jobs Act Corporate Investment vs. Revenue Loss

TweetShareSharePin0 Shares The Biden administration has argued for raising the corporate tax rate to offset the drop in federal corporate revenues following the Tax Cuts and Jobs Act (TCJA) of 2017, claiming it did not lead to more corporate investment as advertised. Although corporate revenues did drop following this tax reform, the ensuing increase in

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