In-person IRS tax forums scheduled for first time since pandemic start
TweetShareSharePin0 Shares News PROCEDURE & ADMINISTRATION By Martha Waggoner For the first time since the onset of COVID-19, the IRS is holding its in-person forums for CPAs and other tax professionals. The IRS said in a news release on Thursday that registration is open for this summer’s 2023 IRS Nationwide Tax Forums in five
DUPTIN Part III.
TweetShareSharePin0 Shares This is the third part in a three-part series on the IRS’s DUPTIN screening procedure and electronic return rejections by Justin Schwegel. Click here for Part I and here for Part II. Keith To recap parts I and II, the IRS employs an automated screening procedure to reject the second tax return filed
FairTax Would Fall Short | Tax Policy Center
TweetShareSharePin0 Shares The FairTax would add trillions of dollars to the deficit over ten years. TPC’s Bill Gale and the Tax Foundation’s Kyle Pomerleau analyzed the FairTax. They find the proposed tax rate is far too low to achieve deficit neutrality. Rather, its cited 23 percent “tax-inclusive” rate would add $10 trillion to the federal
Como extrair minérios sem extrair vidas: the Tax Justice Network Portuguese podcast
TweetShareSharePin0 Shares Welcome to our monthly podcast in Portuguese, É da sua conta (‘it’s your business’) produced and hosted by Grazielle David and Daniela Stefano. All our podcasts are unique productions in five different languages – English, Spanish, Arabic, French, Portuguese. They’re all available here. Here’s the latest episode: É possível extrair minérios sem extrair vidas? Sim, mas é necessário cumprir e fortalecer as regulações e fiscalização do
North Dakota Income Tax Reform: Details & Analysis
TweetShareSharePin0 Shares North Dakota was unable to add its name to the long list of states that enacted individual income tax rate reductions in 2022, but only because the state holds regular legislative sessions in odd-numbered years. Now policymakers in Bismarck appear determined to make up for lost time. Last week, the North Dakota House
DUPTIN Part II.
TweetShareSharePin0 Shares This is the second part in a three-part series on the IRS’s DUPTIN screening procedure and electronic return rejections by Justin Schwegel. For Part I about Tanya and Alex’s DUPTIN experiences click here. Keith To recap Part I, the IRS’s DUPTIN review procedure is aimed at preventing fraudulent tax returns and/or improper claims
Read His Lips… | Tax Policy Center
TweetShareSharePin0 Shares President Biden: “I’m going to raise some taxes.” Previewing the budget plan he’ll release on March 9, President Biden said in a speech this week that tax increases are necessary, touting the recently enacted 15 percent corporate alternative minimum tax and urging tax increases on those earning over $400,000 a year. For their
Biden May Propose Using Net Investment Income Tax Revenues to Shore Up Medicare
TweetShareSharePin0 Shares President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital Insurance (HI) Trust Fund. Two highly placed sources say the proposal may be included in the budget Biden is due to release on March 9. Shifting those funds
Distributed Profits Tax: Details & Analysis
March 1, 2023 No Comments
TweetShareSharePin0 Shares The tax treatment of U.S. businesses is a complicated and onerous process for tax preparers, revenue officials, and business owners alike. The tax system treats businesses differently based on their legal form, produces economic distortions, taxes income multiple times, and creates complexity and uncertainty for taxpayers. Even though business taxation has changed in
DUPTIN Part I.
March 1, 2023 No Comments
TweetShareSharePin0 Shares The IRS’s duplicate taxpayer identification number (DUPTIN) procedure unnecessarily rejects electronic returns and creates harm for individuals seeking to file their taxes. Guest blogger Justin Schwegel has written a three-part series that explains the process and takes us through some of the problems created when the IRS rejects a valid return because it