federal taxes Archive

JR Cigars: Offering You Better Choices

TweetShareSharePin0 SharesJR Cigars: Offering You Better Choices Do you want to purchase cigars online? Do you want a reputable online retailer – one that offers quality cigars at affordable and reasonable prices? Did you ever consider buying from JR Cigars? Are you a veteran cigar smoker and likes to buy hand made cigars? Why don’t

Top 5 Reasons to Buy a Hybrid Car

TweetShareSharePin0 SharesTop 5 Reasons to Buy a Hybrid Car 1. – Gas Savings – Hybrid cars can get up to 60 mpg (miles per gallon), due to their advanced aerodynamics, engine efficiency, tire technology (which is so different to the standard cars) just to mention some of its characteristics. 2. – Environmental Issues – Reduced

Knowing the Fundamentals – Bankruptcy Laws

TweetShareSharePin0 SharesKnowing the Fundamentals – Bankruptcy Laws Bankruptcy laws generally protect distressed people and businesses that can no longer pay their creditors. In the United States, bankruptcy laws are placed under federal jurisdiction as stated in the United States Constitution (in Article1, Section8), allowing the Congress to enact “uniform laws on the subject of Bankruptcies

Lawmakers Could Pay for Reconciliation While Improving the Tax Code

TweetShareSharePin0 Shares With corporate and individual rate hikes potentially out of the Build Back Better (BBB) reconciliation package, lawmakers are weighing alternative options to raise revenue. Rather than come up with complicated changes to the tax base, or untested proposals such as mark-to-market for billionaires, they should prioritize options that raise revenue while improving the

Minimum Tax on Book Income Would Hit Stock Compensation

TweetShareSharePin0 Shares One way employees can be compensated for their work, in addition to wages, salaries, and benefits, is through awards of company stock. The tax treatment of stock-based compensation has received attention for contributing to the gap between corporate taxable income and book income reported on financial statements, which President Biden has proposed targeting

Looming R&D Capitalization Would Hit Manufacturing And Tech Sectors Hardest

TweetShareSharePin0 Shares US taxation of intellectual property (IP) is facing big changes. Starting next year, research and development (R&D) expenditures, now fully expensed (written off in the year in which they are acquired), must be capitalized and amortized over a period of 5 to 15 years. Additionally, President Biden would repeal a special tax deduction

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