federal taxes Archive
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
A Move To Limit The Salt Cap
June 23, 2021
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TweetShareSharePin0 Shares Sanders would partially repeal the SALT cap. Senate Budget Committee chair Bernie Sanders will include a partial repeal of the Tax Cut and Jobs Act’s $10,000 cap on the state and local tax (SALT) deduction in his proposed budget resolution. He has not described details but says the cap likely would remain for
New Hampshire No Income Tax Proposal
June 23, 2021
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TweetShareSharePin0 Shares On Thursday, New Hampshire lawmakers are scheduled to take up a budget conference report which contains several tax reforms negotiated by both chambers that would ultimately make New Hampshire the ninth state to impose no tax on individual income. These reforms floated at the beginning of the 2021 session found their way into
Will New Hampshire Become the Next State to Ditch Its Income Tax?
June 23, 2021
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TweetShareSharePin0 Shares On Thursday, New Hampshire lawmakers are scheduled to take up a budget conference report which contains several tax reforms negotiated by both chambers that would ultimately make New Hampshire the ninth state to impose no tax on individual income. These reforms floated at the beginning of the 2021 session found their way into
Cost Segregation – Why isn’t my CPA already doing this?
June 23, 2021
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TweetShareSharePin0 SharesCost Segregation – Why isn’t my CPA already doing this? Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes. While most accountants are familiar with the approach, some are hesitant to recommend it without
The Evolving Role of Accountants
June 22, 2021
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TweetShareSharePin0 SharesThe Evolving Role of Accountants With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes. The Evolving Role of Accountants Given the fact that paying taxes isn’t the most popular of tasks, most people don’t give much thought to
TCJA’s Broader Corporate Tax Base Opens More to Biden’s Proposal
June 22, 2021
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TweetShareSharePin0 Shares As Congress considers President Biden’s proposal to raise the corporate tax rate from 21 percent to 28 percent, it is important to remember that the Tax Cuts and Jobs Act (TCJA) of 2017 expanded the corporate tax base. A broader corporate tax base means that increasing the tax rate will have a larger
TCJA’s Broader Corporate Tax Base Opens More to Biden’s Proposal
June 22, 2021
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TweetShareSharePin0 Shares As Congress considers President Biden’s proposal to raise the corporate tax rate from 21 percent to 28 percent, it is important to remember that the Tax Cuts and Jobs Act (TCJA) of 2017 expanded the corporate tax base. A broader corporate tax base means that increasing the tax rate will have a larger
