Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes.
Read MoreMonth: July 2018
World Cup Countries With The Highest & Lowest Tax Rates
Exactly how big a bite does the tax man take from players? Depending on the country, top tax rates can range from 13% to over 50%. Here’s a glimpse at the top tax rates for each of the countries in the Round of 16.
Read MoreAsk The Taxgirl: Invest Or Roll Your Tax Refund?
It’s Ask The Taxgirl!
Today I tackle what to do with your tax refund.
Brett Kavanaugh Penned Healthcare Dissent Focused On Tax
Supreme Court justices typically don’t cut their teeth on tax cases and nominee Brett Kavanaugh is no exception. There is one tax-related case, though, in his career that stands out. Here’s more.
Read MoreCrypto, S Corps On List Of IRS Compliance Campaigns
The Large Business and International of the Internal Revenue Service (IRS) has announced five additional compliance campaigns. The campaigns target AMT credits carryforwards, S corporation distributions, virtual currency, certain re-orgs, and transition tax.
Read MoreSummer Jobs And Taxes
Whether you’re considering serving up slices, mowing lawns or ringing up groceries, here’s what kids – and their parents – should know about summer jobs and taxes.
Read More
How Taxes And Tea Led To American Independence
On July 4, 1776, in Philadelphia, Pennsylvania, the Continental Congress formally adopted the Declaration of Independence. Here’s how the story began – with taxes, tea, and tariffs.
Read More
Users Protest Ugandan Tax On Social Media
Earlier this year, the Uganda Parliament approved a tax on access to over the top (OTT) services – a tax on the use of social media. Critics argue that the tax is an unreasonable attempt to squelch online criticism of the government. Here’s what they’re doing in response.
Read MoreIRS-CI Joins Effort To Fight Tax & Crypto Crimes
Leaders of tax enforcement authorities – including the IRS – have announced that they have created a united operational alliance, the Joint Chiefs of Global Tax Enforcement, known as the J5, to fight global tax, cryptocurrency and financial crimes.
Read More