The IRS has notched a win in its battle for data from Coinbase. The IRS may legally investigate Coinbase account holders who may not have paid federal taxes on their virtual currency profits, but the scope of the summons has been dramatically narrowed.
Read MoreMonth: November 2017
PNC Predicts Cost Of 12 Days Of Christmas Will Remain Flat
It’s beginning to look at lot like Christmas! If you’re in the mood for some holiday shopping, here’s how much purchasing all the gifts in the classic carol “The 12 Days of Christmas” will cost you according to the 34th PNC Christmas Price Index.
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Online Cyber Monday Shoppers Hope To Score Deals And Not Pay Tax
Every state that imposes a state sales tax also imposes a state use tax. But chances are that online shoppers taking advantage of Cyber Monday sales from retailers who don’t collect a tax won’t be reporting and paying on their own.
Read MoreThis Holiday Season May Be Your Last Chance To Deduct Sales Taxes
Save those holiday receipts because you might be able to deduct them on your federal income tax return – but it might be for the last time. The tax reform bill currently in Congress would eliminate the sales tax deduction, along with the state and local income tax deduction.
Read MoreNominations For 12 Days Of Charitable Giving
The 12 Days Of Charitable Giving are coming! Know a deserving charity? Nominate your favorites to be featured on the site.
Read MoreDon’t Forget About Tax Form Due Dates
The end of the year will be here before you know it – and that means year-end tax forms, like forms W-2 and 1099, will soon be on their way.
Read MoreSenate Would Make Individual Cuts Temporary, But Corporate Cuts Permanent
Days after the Senate announced the details of their version of the Tax Cuts and Jobs Act, the real work began: marking it up. The “Chairman’s Mark” describes proposed changes to the plan – which include making tax cuts for individuals temporary and adding a new tax form.
Read MoreSenate GOP Wants To Eliminate Obamacare Mandate Under Tax Reform
As Senate leaders search for ways to make the numbers work, Republicans believe they might have a solution. Although there was no mention of Obamacare repeal in either of the House or Senate original plans, Republicans plan to include language to repeal the Affordable Care Act’s individual mandate.
Read MoreComparing The Senate And House Tax Reform Proposals
Senate Republican leaders have now released their version of tax reform. Here’s how it compares to the House Tax Cuts and Jobs Act.
Read MorePlaintiff In Successful Multimillion-Dollar Lawsuit Speaks Out
On September 8, 2014, Adam Steele filed a class action suit against the federal government seeking to recover allegedly unlawful license fees paid to the Internal Revenue Service (IRS). Steele’s first person take on the PTIN and the case follows.
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