California has long been considered fairly aggressive when it comes to how far they’re willing to go to impose taxes – now, the state may literally be reaching for the stars. The state has introduced a proposal that would make it the first state to tax commercial space transportation companies.
Read MoreYear: 2017
Trump Considers Raising Gas Tax To Pay For Infrastructure
President Donald Trump continued to talk taxes this week and offered a new twist: he is considering a boost to the the U.S. gas tax to fund infrastructure. Long considered an unpopular move with individual motorists, lawmakers have not increased the gas tax since the Clinton era.
Read MoreMore Arrests – And A Guilty Plea – In IRS Phone Scams
J. Russell George, Treasury Inspector General for Tax Administration (TIGTA), and the Department of Justice (DOJ) have announced more arrests – and a guilty plea – in connection with Internal Revenue Service (IRS) phone scams.
Read MoreLikely Winners & Losers Under The Trump Tax Plan
This week, President Trump proposed sweeping changes to the Tax Code. Despite the broad and ambitious scope of the proposal, it was short on details. Here are some of the likely winners and losers under the plan.
Read MoreDepartment Of Education Moves To Make Student Loan Process Easier While IRS Tool Is Down
Applying for financial aid isn’t going to be as bad as feared this year after all. The Department of Education Department has agreed to allow colleges and universities more flexibility to use as part of their verification procedures while the Data Retrieval Tool (DRT) is unavailable.
Read MoreAbout Those Huge Tax Receipts Secretary Mnuchin Mentioned…
Was the 2017 tax season somehow bigger than in years past? Treasury Secretary Mnuchin sure seemed to give that impression today. Here’s what the numbers say.
Read MoreTrump Orders Review Of Obama Tax Rules
Declaring that the “Federal tax system should be simple, fair, efficient, and pro-growth,” President Donald Trump signed a new executive order focused on rolling back a number of tax regulations established by former President Barack Obama.
Read MoreIndian Police Allege IRS, FBI, Other Law Enforcement Not Interested In Phone Scam Arrests
Taxpayers across the country breathed a sigh of relief after the arrest of Sagar Thakkar, the man accused of being the mastermind behind those Internal Revenue Service (IRS) phone scams. Now, however, Indian police allege that American authorities don’t have interest in the case.
Read MoreHow To Fix Your Mistakes By Filing An Amended Tax Return
Tax Day has come and gone. That doesn’t mean that the filing season is over: now is the time that taxpayers inevitably panic over mistakes on previously filed returns. Missed forms 1099. Overlooked deductions. Incorrect Social Security numbers. Here’s what you need to know to fix your mistakes.
Read More11 Quick Facts About A Potential Government Shutdown
Are we really headed towards a government shutdown? As Congress and the White House grapple with the next steps, here’s what you need to know.
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