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 MoreYear: 2018
Summer 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.
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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.
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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 MoreA Look At The New Postcard-Sized 1040
The IRS has released an early release draft of the 2018 IRS Form 1040. Here’s a look, as well as a summary of how it’s like the current form – and how it’s different.
Read MoreTax Advocate Calls For IRS Funding, Better Customer Service
“The IRS doesn’t have enough employees to provide basic taxpayer service.” That was the message coming from National Taxpayer Advocate (NTA) Nina E. Olson in her mid-year report to Congress. Here’s what else she said about IRS and taxpayers.
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8 World Cup Soccer Players Caught Up In Tax Scandals
On June 14, 2018, soccer’s World Cup, kicked off. With 32 teams each boasting a squad of 23 players, there are more than 700 players making an appearance. Of those, here are eight soccer players in the 2018 FIFA World Cup Russia who have been caught up in tax scandals.
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Taxes And Student Loan Repayment
There may be tax consequences for repaying – or not repaying – what you owe. When it comes to paying back student loans, here’s what you need to know.
Read MoreSupreme Court Kills Quill In Sales Tax Case
As retailers pushed back, the question of what’s fair game became more important. Today, the Supreme Court offered an answer: States have broad authority to require online retailers to collect sales taxes.
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