IRS Grants Extra Time To File Following Winter Storms
The IRS is providing limited tax relief to victims and tax professionals affected by last week’s storm that primarily hit portions of the Northeast and Mid-Atlantic.
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Apple Will Bring Cash Back To US, Pay $38 Billion In Repatriation Tax
Apple, already the largest U.S. taxpayer, says that it anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.
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To Incorporate Or Not To Incorporate: Your Options After Tax Reform
Most provisions of the new tax reform act kicked in beginning January 1, 2018. Taxpayers and tax professionals alike have been mulling what the provisions of the new law might mean – and how to be best get around them. Tops in the minds of many taxpayers: Should I incorporate now to save on taxes?
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Popular Fashion Line LuLaRoe Sued Over Sales Tax Charges
Fashion company LuLaRoe has been hit with a federal lawsuit related to the collection of sales tax.
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Tax & Other Tips For A Great Office Holiday Party
Companies may throw holiday parties for many reasons but typically, it’s a way of saying thank you to employees for their service. Here are tips to keep in mind to ensure a great holiday party for employers and employees alike.
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Starbucks Lawsuit Challenging Imputed Wages & Tax On Barista Tips Headed Back To State Court
The Ninth Circuit is sending a Starbucks “phantom wage” lawsuit back to state court. That was the ruling from the Court which found that the Oregon District Court did not have the authority to grant summary judgment.
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Apple Found To Have Received Illegal Tax Benefits, Ordered To Pay $14.5 Billion In Back Taxes
Apple was the recipient of illegal tax breaks from Ireland. That was the finding today of a European Union (EU) Commission investigation into the tech giant’s business and tax practices. The company has been ordered to pay €13 billion ($14.5 billion U.S.), plus interest, to settle back taxes.
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Apple Could Face Massive Tax Bill With EU Ruling As Treasury Department Cries Foul
For more than two years, Apple shareholders and consumers alike have waited for the results of a European Commission investigation into the computer giant’s tax structures and practices. The wait may now be over: last week, rumors swirled that a ruling would likely come this week. A ruling may come as soon as tomorrow.
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Steve Jobs Says Apple Won’t Bring Home Money Parked Overseas Until Tax Rates Are ‘Fair’
Apple CEO Tim Cook recently fielded questions on Apple’s tax practices, including the company’s decision not to repatriate income earned overseas – at least not just yet. Cook invoked the “f” word when talking about offshore income, saying that he wouldn’t bring Apple’s overseas funds “until there’s a fair rate,” meaning, of course, a “fair” tax rate. Here’s what you need to know about Cook’s comments and Apple’s storied tax history.
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Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The IRS has alleged that Facebook has failed to comply with a 7th summons isn’t the only tax issue for the social media giant. On the same day that Facebook announced second-quarter profits of $2.06 billion, the company indicated that could be subject to additional federal income taxes of $3 billion to $5 billion.
