tax Archive

TweetShareSharePin0 Shares The tax filing season officially begins today, January 23, and the Internal Revenue Service (IRS) is optimistic that taxpayers will have a positive experience this year. This optimism is largely due to $80 billion in additional funding the agency received as part of the Inflation Reduction Act last year.  ABC News reported details

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

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

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

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

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

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