Chances are, you started out the day with a cup (or two) of coffee. It is estimated that 2.25 billion cups of coffee are consumed each day worldwide, making coffee second only to oil as the most valuable legally traded commodity in the world. Here are a few more facts about coffee – and its relationship to tax – to help you celebrate National Coffee Day.
Read MoreMonth: September 2016
New Tax Foundation Report Highlights Best & Worst States For Business
The Tax Foundation has released its 2017 State Business Tax Climate Index, ranking the best and worst states for business tax climate. Who made the top? And who sits at the bottom? Here’s what you need to know.
Read MoreIRS Posts New Per Diem Rates For Taxpayers Who Travel For Business
New per-diem numbers are out, effective October 1, 2016. These numbers are to be used for per-diem allowances paid to any employee on or after October 1, 2016, for travel away from home on or after that date. The new rates include those for the transportation industry; the rate for the incidental expenses only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.
Read MoreLive Blog, Fact-Checked: The First 2016 Presidential Debate (September 26, 2016)
Welcome to our live coverage of the September 26, 2016, presidential debate. At around 9:00 p.m. EST, the two main presidential candidates, Hillary Clinton for the Democrats, and Donald Trump for the Republicans, are expected to take the stage.
Read More13 Quick Facts About The History Of Presidential Debates In America
The first presidential debate of major party candidates for the 2016 election happens tonight, September 26, 2016, at Hofstra University, in Hempstead, New York. Here are 13 quick facts about the history of presidential debates in the United States.
Read MoreAttorney Involved In 'Biggest Tax Fraud Prosecution Ever' Loses Appeal Of Conviction
It was called the “biggest tax fraud prosecution ever.” Former attorney Paul Daugerdas, who prosecutors called “the most prolific, pernicious and utterly unrepentant tax cheat in United States history,” lost the appeal of his prison sentence this week. Here’s how he got there.
Read MoreIRS Warns On New Scam Involving Fake Tax Bills & Affordable Care Act
New scams are popping up every day. Today, the Internal Revenue Service (IRS) and its Security Summit partners issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.
Read MoreIRS Commissioner Defends Handling Of Tax Exempt Scandal To Congress
Mistakes were made. That was the takeaway from the House Judiciary Committee hearing yesterday to investigate “the allegations of misconduct and articles of impeachment” filed against Internal Revenue Service (IRS) Commissioner John Koskinen.
Read MoreIRS Commissioner To Appear Before Congress Today To Answer Allegations Of Misconduct
The House Judiciary Committee will hold a third hearing today to examine “the allegations of misconduct and articles of impeachment” filed against IRS Commissioner John Koskinen. Koskinen will be the sole witness to testify before the Committee.
Read MoreDivorce & Tax Lessons You Can Learn From Brad Pitt & Angelina Jolie
Actress Angelina Jolie has filed for divorce from actor Brad Pitt, citing “irreconcilable differences.” From alimony to child support, here’s what you need to know about divorce and taxes.
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