tax Archive

2023 State Business Tax Climate Index

TweetShareSharePin0 Shares Launch Our Interactive Tool Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well

State Tax Ballot Measures to Watch on Election Day 2022

TweetShareSharePin0 Shares On Election Day 2022, most eyes will be on Congress, with polls showing control of both chambers up for grabs. But the action is not limited to Washington, D.C.: across the country, voters will decide important questions through state and local ballot measures. At the state level, 25 measures in 12 states relate

The IRS Strikes Back Against Robocalls

TweetShareSharePin0 Shares Very few issues would touch a red button like talking to a tax practitioner or a taxpayer trying to reach the IRS by phone.  In recent years it has felt like Mission Impossible. Last week the IRS began to take action to fight back against one of the problems facing the phone issue

Credit Suisse Ends Tax Probe With $324 Million Payment

TweetShareSharePin0 Shares Credit Suisse has recently been the subject of multiple tax probes worldwide and has agreed to make a $324 million payment to end one situation. Per Reuters, the finance giant will pay the fee to end a French tax probe, which has seen investigators looking into whether the Swiss bank assisted wealthy clients

Retirement account inflation adjustments issued for 2023

TweetShareSharePin0 Shares The IRS on Friday announced the 2023 inflation-adjusted dollar-amount ceilings and thresholds for a wide range of qualified retirement plans and accounts, including traditional individual retirement arrangements (IRAs) and Roth IRAs (Notice 2022-55). The notice also provides the 2023 limits on elective deferrals for plans under Sec. 401(k) and Sec. 403(b) and most

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