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Corporate Audits, Free Filing, and Federal Aid

TweetShareSharePin0 Shares Corporations have been claiming more “uncertain” tax breaks in recent years.  With IRS  audits down, corporations are being increasingly aggressive in their tax positions, according to  a Washington Post analysis of corporate filings. The IRS used to audit nearly every  large corporation tax return, but it now audits only about half.  As a

A Wednesday Deadline for an Infrastructure Deal?

TweetShareSharePin0 Shares Setting Senate deadlines. Majority Leader Chuck Schumer scheduled a test vote for next  Wednesday on a roughly $1 trillion infrastructure package, even though the bill hasn’t been written yet. And he’s pushing Democrats to resolve disputes by next week over details of the $3.5 trillion budget reconciliation bill he wants to use to

Payroll California, Unique Aspects of California Payroll Law and Practice

TweetShareSharePin0 SharesPayroll California, Unique Aspects of California Payroll Law and Practice The California State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is: Employment Development Department 800 Capitol Mall Sacramento, CA 95814 888-745-3886 www.cahwnet.gov/taxind.htm California requires that you use California form “DE 4A-4, Employee’s Withholding Allowance Certificate” instead

Even Within States, Tax Treatment Differs by Industry

TweetShareSharePin0 Shares Businesses’ tax liability can differ markedly across states, and policymakers often pay attention to this competitive tax landscape. What is less often remarked upon, however, is the variation of tax treatment within a given state. Different industries and activities can face radically different tax burdens within the same state due to non-neutralities in

Tax Return Forms

TweetShareSharePin0 SharesTax Return Forms According to federal laws governing taxation, any person, receiving an income in one form or the other, need to pay income taxes to the government annually. But, the job of preparing tax returns, the calculations and the many tax forms involved, constitute one of the harrowing experiences being an honest tax

2021 State Income Tax Cuts

TweetShareSharePin0 Shares Trend: States Reform Income Taxes To Provide Relief And Remain Competitive Key Findings As states close their books for fiscal year 2021, many have much more revenue on hand than they anticipated last year. In 2021, 11 states have enacted laws to reduce their income tax rates, with 10 reducing individual income tax
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