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federal taxes Archive

Obtaining a Federal Income Tax Refund

TweetShareSharePin44 SharesObtaining a Federal Income Tax Refund “You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding

Tax FAQ: Answers To Basic Questions About Taxes

TweetShareSharePin33 SharesTax FAQ: Answers To Basic Questions About Taxes * What is a W-2 form? The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the

Details & Analysis of Biden Infrastructure Plan

TweetShareSharePin11 Shares Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP) would increase federal spending by about $2.2 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with permanently higher corporate taxes of about $1.7 trillion over 10 years (conventionally estimated). Using the Tax Foundation General Equilibrium

Keep More of What You Make – Start A Home-based Business

TweetShareSharePin33 Shares Keep More of What You Make – Start A Home-based Business Source: Flickr The best advantages of owning a home-based business are you can turn non-deductible expenses into tax deductions. The deductions you create for your Schedule C have a more significant impact on the total taxes you pay than do deductions on

Is today a turning point against corporate tax abuse?

TweetShareSharePin11 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on

Is today a turning point against corporate tax abuse?

TweetShareSharePin0 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on

Some Corporations Pay Zero Federal Income Taxes

TweetShareSharePin22 Shares President Biden has privately pitched dropping his proposed 28 percent corporate tax rate from an infrastructure package and funding it through his proposed minimum tax on corporate book income. However, the proposal for a minimum book tax misunderstands the important reasons why a corporation may not owe federal tax liability in a given

Biden Child Tax Credit Changes and More Head Sniffin’

TweetShareSharePin0 Shares President Biden’s newly released budget and the Treasury Department’s “Green Book” of revenue proposals outlines a vision of more spending administered through the tax code. The proposals have revived the debate over the proper role of spending in the tax code, and relies on the Internal Revenue Service (IRS) to further expand beyond

Filing Taxes Online Now Stress Free, Cost Free

TweetShareSharePin99 Shares Filing Taxes Online Now Stress Free, Cost Free Source: Flickr For many Americans, the 2005 tax season will tax the nerves, take a lot of time and maybe cost a bundle, too. Happily, there are ways to make doing taxes a lot faster, stress free and, possibly, cost free. This is all possible

Ohio Budget Proposals: Ohio Income Tax Reform

TweetShareSharePin0 Shares Ohio is one of a growing number of states which experienced revenue increases despite the economic slowdown from the coronavirus pandemic and is now looking to return some of that through tax relief. (See analysis of Arizona, Kansas, Louisiana, Montana, and Oklahoma). The question for Ohio legislators is, how best to do that?
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