tax Archive
Incorporating Voter Registration with VITA Services
May 17, 2021
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TweetShareSharePin0 Shares Today’s guest post is from Vanessa Williamson and Jackson Gode. Vanessa is a Senior Fellow in Governance Studies at Brookings, and a Senior Fellow at the Urban-Brookings Tax Policy Center. Jackson, also at Brookings, is Research Analyst with the Governance Studies program. The post discusses interesting research showing how conducting voter registration drives at VITA sites
It’s Tax Day, Finally and Forever?
May 17, 2021
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TweetShareSharePin0 Shares The IRS continues processing returns, slowly. Source link TweetShareSharePin0 Shares

Michael Jackson’s Heirs Just Got a Big Win in Tax Court
May 17, 2021
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TweetShareSharePin0 Shares More than ten years after Michael Jackson’s death, a U.S. tax court has resolved a dispute between the singer’s heirs and the IRS. The fight was over the value of Jackson’s estate, and Judge Mark Holmes agreed with Jackson’s mother and three children that the tax agency had assigned a tax bill that

Financing Infrastructure Spending with Corporate Tax Increases?
May 14, 2021
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TweetShareSharePin0 Shares The Biden administration’s American Jobs Plan (AJP) proposal to fund infrastructure spending relies on a bet that the benefits outweigh the costs of a higher corporate tax burden. Using the Tax Foundation model, we find that this trade-off is a bad one for the U.S. economy, resulting in reduced GDP, less capital investment,
SECA and the Limited Partner Exemption Again
May 14, 2021
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Monte Jackel, Of Counsel at Leo Berwick, discusses the absence of guidance or a legislative solution concerning self employment tax for a partner’s income derived from services performed as a partner on behalf of

Business Tax Lessons from Down Under
May 13, 2021
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TweetShareSharePin0 Shares This week the Australian government released its latest budget proposal and two policies that stand out in its fiscal response to the pandemic should be helpful as the economic engine of the country turns back on. The first is full expensing for some investments and the second is the introduction of a loss
Observations from the ABA Tax Section Meeting
May 13, 2021
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TweetShareSharePin0 Shares This week is the ABA Tax Section meeting. Normally, this is the biggest meeting of the year because it takes place in DC and the Tax Section can attract all of the government speakers. With everything happening in the tax world at the moment, there would be lots of important players to see

Dividend Tax Rates in Europe
May 13, 2021
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TweetShareSharePin0 Shares Many countries’ personal income tax systems tax various sources of individual income—including investment income such as dividends and capital gains. Today’s map shows how dividend income is taxed across European OECD countries. A dividend is a payment made to a corporation’s shareholders from corporate after-tax profits. In most countries, such dividend payments are

0% Tax Rate? For Some Middle-Class Families, That Could Be the Case This Year
May 13, 2021
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TweetShareSharePin0 Shares When Congress passed the American Rescue Plan and President Biden signed it into law, its goal was to provide financial relief to the businesses, households, and municipalities that were hard-hit by the global pandemic. Though the support is broad, it was specifically designed to have its greatest impact on the low-income families who

State Sales Tax Collections per Capita
May 12, 2021
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TweetShareSharePin0 Shares This week’s map looks at state and local sales tax collections per capita. Forty-five states and the District of Columbia have state-levied sales taxes. Five states—Alaska, Delaware, Montana, New Hampshire, and Oregon—do not collect sales taxes at the state level, although Alaska allows localities to impose local sales taxes. In fiscal year (FY) 2018, the