tax Archive

TweetShareSharePin0 Shares Secret Overseas Banks Accounts & Tax Evasion Secret Overseas Banks Accounts & Tax Evasion Secret Overseas Banks Accounts & Tax Evasion: While it is not everyday that the IRS & US Government pursues criminal indictments and prison sentences for matters involving offshore noncompliance, recently a Florida man was sentenced to two years in

TweetShareSharePin0 Shares Secret Overseas Banks Accounts & Tax Evasion Secret Overseas Bank Accounts & Tax Evasion Secret Overseas Bank Accounts & Tax Evasion: While it is not everyday that the IRS & US Government pursues criminal indictments and prison sentences for matters involving offshore noncompliance, recently a Florida man was sentenced to two years in

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × 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

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

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

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

TweetShareSharePin0 Shares News Practice & Procedures By Dave Strausfeld, J.D. The AICPA welcomed the Biden administration’s recent request for congressional legislation to give the IRS the authority to regulate paid tax preparers who are currently unregulated. The Biden proposal, included in the recently released American Families Plan, requests Congress to pass legislation authorizing the