Federal Tax Updates Archive

A First Step Toward A Global Minimum Tax

TweetShareSharePin0 Shares G-7 agrees to a 15 percent  minimum corporate tax framework. The group representing seven major industrialized nations backed the concept of a global minimum corporate tax rate of at least 15 percent. Companies would pay that rate regardless of their country of residence.  Some large companies like Amazon, Facebook, or Google, would pay

Tax Quotes and Jokes for Tax Season

TweetShareSharePin11 SharesTax Quotes and Jokes for Tax Season Like death, paying taxes is inevitable. In the case of most Americans, tax season is just around the corner. If only paying taxes was so easy. As you begin pulling out those receipts, the eraser and reading plain English tax instructions that Einstein couldn’t figure out, you’re

Internet Users Benefit From The Search Engine / SEO Cat-And-Mouse

TweetShareSharePin66 SharesInternet Users Benefit From The Search Engine / SEO Cat-And-Mouse A constant cat-and-mouse game between the major Internet search engines and search engine optimization (SEO) companies has an interesting result: As these two groups try to psych each other out to beat the other’s system, search capabilities are constantly improving for the consumer of

Who Really Pays Income Taxes

TweetShareSharePin11 SharesWho Really Pays Income Taxes With all the talk of the rich not paying their fair share of taxes and the tax cuts earlier this decade only going to the rich, here are some facts to contemplate and you as the reader can make up your own opinion. · The statement above could be

Obtaining a Federal Income Tax Refund

TweetShareSharePin44 SharesObtaining a Federal Income Tax Refund “You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding

Tax FAQ: Answers To Basic Questions About Taxes

TweetShareSharePin0 SharesTax FAQ: Answers To Basic Questions About Taxes * What is a W-2 form? The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the

Details & Analysis of Biden Infrastructure Plan

TweetShareSharePin11 Shares Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP) would increase federal spending by about $2.2 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with permanently higher corporate taxes of about $1.7 trillion over 10 years (conventionally estimated). Using the Tax Foundation General Equilibrium

Keep More of What You Make – Start A Home-based Business

TweetShareSharePin0 Shares Keep More of What You Make – Start A Home-based Business Source: Flickr The best advantages of owning a home-based business are you can turn non-deductible expenses into tax deductions. The deductions you create for your Schedule C have a more significant impact on the total taxes you pay than do deductions on

Is today a turning point against corporate tax abuse?

TweetShareSharePin11 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on
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