tax Archive

Best 2023 Tax Tips For Small Business Owners

TweetShareSharePin0 Shares With the 2023 tax filing season officially starting on January 23, 2023, it’s time for small business owners to get everything in order to file their returns. Tax time can be stressful no matter what kind of company you operate or how long you’ve been an entrepreneur. The IRS makes alterations to the

Iowa Property Tax Reform Plan Misses the Mark

TweetShareSharePin0 Shares On the heels of adopting one of the most comprehensive state tax reform packages in years, Iowa lawmakers are back in Des Moines with property tax relief in their sights. But while the issue is worthy of their attention, House File 1 (HF 1) as currently drafted misses the mark. Property tax limitations

Tax Justice Network Arabic podcast #61: الفاتورة الإلكترونية بين رفض المهنيين وإصرار مصلحة الضرائب

TweetShareSharePin0 Shares Welcome to the 61st edition of our Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. It’s produced and presented by Walid Ben Rhouma and is available on most podcast apps. Any radio station is welcome to broadcast it for free and websites are also welcome to share it. You can follow

Auto depreciation limitations make a big leap for second year in a row

TweetShareSharePin0 Shares For the second year in a row, the IRS has issued sharply higher new depreciation limitations for passenger automobiles. These limits are updated annually for inflation according to the automobile component of the chained consumer price index for urban consumers. Rev. Proc. 2023-14, released Wednesday, contains the Sec. 280F(a) inflation-adjusted dollar limitations on

Public Records Exception to IRC 6103

TweetShareSharePin0 Shares The case of McGowan v. United States, No. 3:19-cv-01703 (N.D. Ohio 2022) explores the prohibitions in the disclosure provisions and wrestles with whether those prohibitions prevent disclosure of material that is tax return information but also information previously made public.  The case comes down on the side that the material previously made public

Jacques Delors’ EU Single Market & Tax Policy

TweetShareSharePin0 Shares On 1 January 1993, the European Union launched the Single Market by abolishing border controls between EU Member States and ensuring the free movement of people, goods, services, and capital (otherwise known as the EU’s four freedoms). Thirty years later, the liberal economic principles that have driven the EU Single Market’s success are

Georgia Income Tax Reform: Recommendations

TweetShareSharePin0 Shares Georgia lawmakers brought a tax reform package across the finish line in 2022 that will change the state’s progressive income tax to a 5.49 percent flat tax beginning in 2024, with triggers to provide additional rate reductions. This is an important step forward, but if the state truly wants to cement its status

2023 Tax Filing Season: Tax Season Delays & Complexity

TweetShareSharePin0 Shares As Americans prepare to file their 2022 tax returns, the Internal Revenue Service (IRS) remains mired in a backlog of millions of returns from previous tax filing seasons. The National Taxpayer Advocate issued a warning to lawmakers in her annual report to Congress that the backlog creates “challenges for the 2023 tax filing

Avoiding the Federal Tax Lien in Bankruptcy

TweetShareSharePin0 Shares In United States v. Warfield (In re Tillman), No. 21-16034 (9th Cir. 2022) the Ninth Circuit reversed the lower courts and determined that the chapter 7 trustee could not avoid the federal tax lien on the debtor’s homestead.  The trustee filed a motion for rehearing en banc and the 9th Circuit has ordered

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