federal taxes Archive

Flipping Has Tax Consequences

TweetShareSharePin0 SharesFlipping Has Tax Consequences If you are looking at making a quick hundred-thousand on real estate flipping, you may find it is quick, but not as lucrative as you thought. With housing prices on the rise across the nation, flipping has become the hottest investment trend. You buy a property and quickly resell it

Tax Planning in the Age of Uncertainty

TweetShareSharePin0 Shares It’s that time again, #TaxTwitter. First of all, Happy New Year! We took a break last month so we were twice as excited for the, the January #TaxBuzzChat. In this month’s chat – hosted on our Twitter account @TaxBuzzOnline – we invited pros across the country to join us to discuss how they

What’s new for 2022 in federal taxes

TweetShareSharePin0 Shares While the Build Back Better Act’s smorgasbord of tax incentives for clean energy, new taxes on large corporations and wealthy individuals, and tax relief for others remains stalled for now in the Senate, 2022 nonetheless dawns with the advent of at least one new tax provision, lapses of a number of others, and

California Health Care Tax Proposal

TweetShareSharePin0 Shares A proposed constitutional amendment (ACA 11) in California would increase taxes by $12,250 per household, roughly doubling the state’s already high tax collections, to fund a first-in-the-nation single-payer health-care system. The top marginal rate on wage income would soar to 18.05 percent—nationally, the median top marginal rate is 5.3 percent—and the state would

Chicago Schools With Mostly Low-income Students See Inequitable Funding Standards

TweetShareSharePin0 SharesChicago Schools With Mostly Low-income Students See Inequitable Funding Standards Most parents assume that their children are getting an equitable education, regardless of where they attend school or in what district. However, Chicago schools may differ in educational opportunities, depending upon several factors — the most prominent being the percentage of low-income students and

Opportunity Zones, A Refund Dispute, And Gun Taxes

TweetShareSharePin0 Shares Tune in at noon for your TPC Prescription with guest David Wessel. Hutchins Center on Fiscal and Monetary Policy director and former Wall Street Journal reporter will discuss Only The Rich Can Play, his recent book that dissects the Opportunity Zone provision of the 2017 Tax Cuts and Jobs Act. You can join

Take A Structured Settlement Or One-Time Lump Sum Payment?

TweetShareSharePin0 SharesTake A Structured Settlement Or One-Time Lump Sum Payment? If you are involved with a legal decision, financial claim or insurance arrangement, the financing process to settle and resolve the claim can often take two forms. Either a one-time lump sum payment, or a long-term periodic series of deferred structured settlement payments. But which

Wildlife Refuge

TweetShareSharePin0 SharesWildlife Refuge A wildlife refuge is a place designed safety of various types of animals. It can include birds, fish, and other types of wildlife that reside in a particular location. Millions of dollars are spent annually by the Federal government for such programs. They are overseen on a state level to ensure that

BBB Hits A Wall And Will Probably Lie Down For A While

TweetShareSharePin0 Shares Still debating a CTC work requirement? The Build Back Better Act won’t be ready for a Senate floor vote anytime soon. Sen. Joe Manchin still wants recipients to have a job before they can get the child tax credit while many progressives insist the credit be fully available for even the lowest-income parents.  

You cannot copy content of this page

Social Media Auto Publish Powered By :