federal taxes Archive
Easily-Missed Tax Deductions that Every Realtor and Entrepreneur Should Know
June 25, 2021
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TweetShareSharePin0 SharesEasily-Missed Tax Deductions that Every Realtor and Entrepreneur Should Know Year-end Tax Planning Deserves Year-around Consideration The reason so many IRS deductions go unclaimed – business owners don’t know about them. Or they don’t know about them early enough in the year to collect necessary information as they go along. As a person running
Employment Taxes – What Are They?
June 24, 2021
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TweetShareSharePin0 SharesEmployment Taxes – What Are They? If you have employees, you are responsible for paying a variety of taxes at the federal, state, and local levels. You must also withhold certain taxes from the paychecks of your employees. So, what are employment taxes? Employment taxes include the following. 1. Federal income tax withholding 2.
State Pass-Through Entity Taxes Let Some Residents Avoid the SALT Cap at No Cost to The States
June 24, 2021
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TweetShareSharePin0 Shares This week, Colorado became the 14th state to either require or allow some pass-through businesses such as partnerships to pay state income taxes at the entity level rather than on their personal income tax returns. Why does this matter? It’s an increasingly popular way for states to give some residents relief from the
Expanded Tax Credits and Repealing SALT Deduction: Trade-offs
June 24, 2021
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TweetShareSharePin0 Shares A key theme of our Options for Reforming America’s Tax Code 2.0 is that tax policy is a matter of trade-offs. For example, expanding the generosity of tax credits for lower-income individuals can help make the tax code more progressive, but it also reduces federal revenue. Pairing a credit expansion with a tax
A Bipartisan Breakthrough, A Budget Boost
June 24, 2021
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TweetShareSharePin0 Shares Progress toward the outline of a potential agreement. That’s how White House press secretary described a possible deal on an infrastructure plan between a bipartisan group of senators and top White House aides. The senators said last night they had reached tentative agreement on how to spend about $1 trillion, including about $579
Net Operating Loss (NOL) Tax Provisions in Europe
June 24, 2021
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TweetShareSharePin0 Shares Loss carryover provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with the business cycle. Carryover provisions help businesses “smooth” their risk and income, making
Will Pay-Per-Play (PPP) Work?
June 24, 2021
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TweetShareSharePin0 SharesWill Pay-Per-Play (PPP) Work? We have all heard of pay-per-click (PPC) and have seen it rise to become the primary form of online advertising in the space of only a few years. Most webmasters carry PPC ads on their sites these days, be it Google or any of the other PPC providers such as
Maximize Your Forex Trading Success With These Helpful Tips
June 23, 2021
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TweetShareSharePin0 SharesMaximize Your Forex Trading Success With These Helpful Tips Trading well over two-trillion dollars every single day, the Foreign Exchange Market is absolutely enormous. This is why it is so intimidating to new investors. Being a small fish in a gigantic ocean isn’t fun for anyone. Everyone’s trying to eat you. That’s why it’s
State Wine Taxes | Compare 2021 Wine Tax Rates
June 23, 2021
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TweetShareSharePin0 Shares Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newfound thirst for excise tax info with this week’s map, which compares wine taxes among the 50 states, expressed in dollars per gallon. States
Net Operating Loss (NOL) Policies in the OECD
June 23, 2021
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TweetShareSharePin0 Shares Key Findings Net operating loss (NOL) deductions (carryforwards and carrybacks) help ensure that businesses are taxed on their average profitability, which makes the tax code more neutral across businesses and over time. Ideally, countries should allow their businesses to carry their losses forward and back without any limits. However, no OECD country with
