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federal taxes Archive

Affordable Individual Health Insurance

TweetShareSharePin0 SharesAffordable Individual Health Insurance There are many options for an individual to obtain affordable health insurance coverage. Keep in mind that there are savings in numbers; the more people in a plan, the better the savings for each member. In some states, like Florida you may purchase group policies for a group of one.

2022 Norway Budget Tax Proposals

TweetShareSharePin0 Shares Norway’s new center-left government that took power on October 14 has set out its 2022 budget proposals, amending the 2022 budget proposal announced last month by the outgoing conservative government. The new budget comes with several tax cuts and a handful of tax hikes. While the new proposal cuts indirect taxes by $270

Waiting For CBO’s Score… | Tax Policy Center

TweetShareSharePin0 Shares CBO promises a full score of Build Back Better by Friday. The Congressional Budget Office  said yesterday it plans to release a full cost estimate of the House Democrats’ Build Back Better Act by the end of the week by the end of this week. House moderates say they’ll vote for the big

Donate A Car To Your Charity

TweetShareSharePin0 SharesDonate A Car To Your Charity Making charitable contributions is a wonderful way to help out your fellow man, but it is also a good way to get some tax breaks. One really good method is to donate a car to charity. However, there are some things you will need to do in order

Losses to OECD tax havens could vaccinate global population three times over, study reveals

TweetShareSharePin0 Shares Poorer countries hit hardest by global tax abuse at the hands of rich countries Countries are losing a total of $483 billion in tax a year to global tax abuse committed by multinational corporations and wealthy individuals – enough to fully vaccinate the global population against Covid-19 more than three times over.1 The

How Do Build Back Better Taxes Affect 5G Competition?

TweetShareSharePin0 Shares One unintended consequence of the tax proposals in the Build Back Better Act is a higher potential burden on wireless spectrum investments. Proposals like levying a minimum tax on book income would retroactively tax past spectrum purchases and raise the tax burden on future spectrum purchases. In turn, it could distort the prices companies

Donating A Used Vehicle To A Charity

TweetShareSharePin0 SharesDonating A Used Vehicle To A Charity If you are interested in making charitable donations and claiming then on your tax return then you should consider donating a used vehicle to a charity. This will allow you to claim a deduction on your tax returns. However, there are some rules you will need to

Republican Cannabis Bill Would Tax by Category: States Reform Act

TweetShareSharePin0 Shares Today, Representative Nancy Mace (R-SC) released the States Reform Act, which would deschedule, regulate, and tax cannabis products with a novel federal excise tax design—based on quantities and predefined categories, not dissimilar from how the federal government taxes alcohol and tobacco. Rep. Mace’s bill would impose a tax of 3 percent on the

Schedule Shake Up Shifts Senate’s Spending Bill Vote

TweetShareSharePin0 Shares House Democrats hope to vote on Build Back Better this week.  The House is still awaiting final cost estimates for the latest version of the social spending and tax bill. Because the House still is scrambling to pass the measure, the Senate will delay its consideration that had been scheduled for this week.

Audit Advice That You Need

TweetShareSharePin0 SharesAudit Advice That You Need Oh no! You need audit advice. You just received in the mail a notification that you are going to be audited by the IRS. What now? How do you respond to this and should you be having a heart attack now? While many people lose it as soon as
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