Over the weekend, stories popped up all over the place about net operating losses, suggesting that one kind of tax loss is the same as another. One loss may hit your wallet just as hard as another loss, but when it comes to tax treatment, all losses are not created equal. Here’s a quick look at other kinds of losses you might have seen when it comes to taxes.
The New York Attorney General’s Office has ordered Donald Trump’s charity to “immediately cease soliciting contributions or engaging in any other fundraising activities” in New York, following up on reports that it had failed to register with the state as required by law.
Over the weekend, The New York Times reported that it had in its possession what appeared to be three pages from Trump’s 1995 personal income tax returns. Those reports suggest a loss in the amount of $916 million, which, according to tax analysts hired by The Times, mean Trump might have paid no income taxes for nearly two decades. Here’s what you need to know.
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.
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.
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.
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.
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.
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.
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.