federal taxes Archive
Cryptocurrency Gains Scrutiny | Tax Policy Center
February 18, 2022
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TweetShareSharePin0 Shares Senate passes temporary spending bill through March 11. The Senate approved a continuing resolution to keep the government running through March 11. The House passed the measure last week. Without Senate action, part of the government would have shut down today. Collins on the IRS backlog. Testifying before the Senate Finance Committee yesterday, Taxpayer
Valuation of Business Personal Property (BPP)
February 18, 2022
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TweetShareSharePin0 SharesValuation of Business Personal Property (BPP) The huge range of assessed value for business personal property (BPP) makes obtaining substantial property tax reductions highly probable. It is not unusual for the range of assessed value for BPP accounts for similar properties to vary by 5,000%! For example, furniture and computers for companies within the
Bankruptcy Basics
February 17, 2022
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TweetShareSharePin0 SharesBankruptcy Basics According to the American Bankruptcy Institute “household debt is at a record high relative to disposable income.” The Administrative Office of the U.S. Courts reported that the number of filings for the year ended March 31, 2003 “exceeded 1.6 million for the first time in any 12 month period,” a 15.1 percent
In honour of a tax collector taken from us, in the line of duty
February 17, 2022
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TweetShareSharePin0 Shares Tax collectors around the world are too often unacknowledged and unseen heroes. Many of them face huge challenges as a result of trying to do their job honestly, and in the best interests of their countries and their people. We are very saddened at the Tax Justice Network to hear of the murder
Bad News Is Bad For The IRS, Better News For State Tax Cutters
February 17, 2022
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TweetShareSharePin0 Shares Senate edges closer to a temporary spending bill. The Senate hopes to pass a measure this week to keep federal agencies open through March 11. The House passed the bill last week. Meanwhile, lawmakers are making progress on a spending bill for the remaining seven months of the fiscal year. For the
Career in Accounting Education
February 17, 2022
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TweetShareSharePin0 SharesCareer in Accounting Education Helping to ensure that any corporations’ revenues are managed precisely, obtaining a career in accounting education means handling the financial records including the payment of taxes right on time to avoid being charged by the government with a bigger amount as they are very much particular in meeting deadlines. A
How Does Debt Consolidation Stack Up Against Other Methods of Debt Relief
February 16, 2022
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TweetShareSharePin0 SharesHow Does Debt Consolidation Stack Up Against Other Methods of Debt Relief Debt consolidation is a better solution than bankruptcy; however, in most instances, it is not the best solution for resolving your debts. Many of the debt consolidation programs will exhaust the limited funds by incurring fees for using their service. Their solutions
An Emergency Spending Bill and More State Tax Cuts
February 16, 2022
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TweetShareSharePin0 Shares McConnell: No chance for a government shutdown. GOP senators are holding up a continuing resolution to keep the government operating past Friday, but Minority Leader Mitch McConnell promises it all will get worked out in time. “We’ll process a few amendments before doing the short-term CR,” McConnell says, “There is no danger of
The IRS Is In The Headlines. That Is Not A Good Thing
February 16, 2022
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TweetShareSharePin0 Shares Remember the old marketing cliche: “I don’t care what you say about me as long as you spell my name right.” In the Internet age, it seems to apply more than ever—at least for many politicians, athletes, and celebrities. But not for the Internal Revenue Service. Yet here we are in the midst
Real Estate Remains A Strong Investment
February 16, 2022
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TweetShareSharePin0 SharesReal Estate Remains A Strong Investment Opportunities to make big, quick profits in residential real estate tend to come and go in cycles. When a local market is hot, families may find it possible to buy a house at an attractive price, fix it up, and watch its value rise in just a few
