Menu

tax Archive

New Report Shows TCJA Reduced Tax Rates Across the Board

TweetShareSharePin0 Shares Wednesday, the Congressional Budget Office (CBO) published its annual analysis of the distribution of American household incomes and tax burdens, this time for 2018, the year after the Tax Cuts and Jobs Act (TCJA) was enacted. CBO data shows that the TCJA reduced federal tax rates for households across every income level while

A Better Fit for a Better Tax Code

TweetShareSharePin0 Shares Binyamin Applebaum of The New York Times recently authored an op-ed calling for the adoption of return-free filing. Under return-free filing, many taxpayers would receive an already-completed return that they could amend. It’s an appealing idea, but for it to deliver its promised benefits, the U.S. tax code would have to be much

Tolling the Statute of Limitations by Filing Bankruptcy

TweetShareSharePin0 Shares The case of Lufkin v. Commissioner, T.C. Memo 2021-71, puts the Tax Court in a position to rule on the impact of filing bankruptcy on the statute of limitations.  The taxpayers raise arguments not only regarding the collection statute of limitations but also the validity of the underlying assessment, which gives me the

Spending Demands, Marriage Penalties, and Other Tax Rules

TweetShareSharePin0 Shares Remember those spending bills? Senate Minority Leader McConnell issues demands. Senate Democrats need 60 votes in order to pass any of the 12 bills that fund the federal government in the next fiscal year. The Senate Appropriations Committee just passed its first package of bills for fiscal year 2022. Senate Minority Leader Mitch

The Tax Justice Network August 2021 Spanish language podcast, Justicia ImPositiva: Nuevo impuesto corporativo: estrategia de los países en desarrollo #61

TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme  Justicia ImPositiva with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa: Semanas cruciales para el nuevo impuesto

Math Error

TweetShareSharePin0 Shares We have written before about Math Error here, here, here and here.  Last week, the National Taxpayer Advocate (NTA) wrote a very nice blog post explaining math error but also providing some surprising details on the volume of math error notices sent out during the past filing season.  This is the first of

Pennsylvania Considers A New State Gas Tax Proposal

TweetShareSharePin0 Shares A vehicle miles traveled (VMT) proposal gaining steam in Pennsylvania would be the equivalent of a state gas tax of more than $2 per gallon, and that’s not all the Commonwealth is considering. With infrastructure spending and taxation—both state and federal—the topics of the day, Pennsylvania’s recently appointed Transportation Revenue Options Commis­sion (TROC)

The Tax Justice Network’s French podcast: Pour une dette responsable et une meilleure gestion des fonds Covid en Afrique: Edition 30

TweetShareSharePin0 Shares Pour cette édition de votre podcast en français produit par Tax Justice Net nous revenons sur l’endettement de l’Afrique. Elle est jugée importante, mais elle est surtout perçue comme étant irresponsable. Aujourd’hui, le remboursement de la dette occupe une part non négligeable des dépenses dans les budgets publics, c’est-à-dire des impôts payés par les citoyens.

Statement on resignation of Tax Justice Network founder

TweetShareSharePin0 Shares We are disappointed to see recent attempts by some of Tax Justice Network’s 2003 founders to subvert our current strategy process. “Founder’s syndrome” is a well-known problem that has faced many organisations as they grow and professionalise. The behaviour here goes beyond what might be considered normal even in that context, however, creating
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com