Taxes

Sixth Circuit Rules Property Owners Can Go To Federal Court To Argue Takings Clause Bars Seizure Of...

Yesterday, the US Court of Appeals for the Sixth Circuit ruled that property owners challenging the seizure of home equity when their property is foreclosed due to tax delinquency are allowed to file their takings claims in federal court. Thanks to...

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'sends A Terrible, Terrible Message': Sanders Rejects Top Dems' Push For A Big Tax Break For The...

Jake Johnson, staff writerRejecting top Democrats push for a major tax break for rich households, Sen. Bernie Sanders said, "You can't be on the side of the wealthy and the powerful if you're gonna really fight for working families."

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Report Reveals How Big Corporations Rigged Rules To Boost Pandemic Pay Of Ceos As Workers Suffered

Jake Johnson, staff writer"By inflating executive compensation while their workers struggled during a pandemic, corporate boards have strengthened the case for tax penalties on huge CEO-worker pay gaps."

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Received Unemployment This Past Year? Expect A Boosted Tax Return

Ethen Kim Lieser Stimulus Payments, The Internal Revenue Service recently announced that tax refunds on 2020 unemployment benefits are expected to start landing in eligible U.S. bank accounts this month. Here's What You Need to Remember: Take...
Related topics: Unemployment, Banking

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1,000,000 Americans Did Not Claim Their 2017 Tax Refund

Peter Suciu Tax Refund Problems, U.S. law provides most taxpayers with a three-year window of opportunity to claim a tax refund. Here's What You Need to Remember: By failing to file a tax return, the IRS warns that people stand to lose more than...
Related topics: IRS

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Mitch Mcconnell Told Biden The Gop Considers Trump's Tax Cut A 'red Line' In Infrastructure Talks

Senate Minority Leader Mitch McConnell (R-KY) and House Minority Leader Kevin McCarthy (R-CA) address reporters outside the White House. Drew Angerer/Getty Images Mitch McConnell's message was clear on Wednesday: Don't mess with the Trump...
Related topics: Joe Biden, Senate, White House

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Live Video: Anti-government Protests Continue In Bogota, Colombia

Rallies in Colombia against an increase in gas prices and utility bills as part of state-proposed tax reforms have been underway since 28 April.
Related topics: World Videos, Protests, Colombia, Bogota

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The Infernal Revenue Service

Thanks to the beneficence of the Internal Revenue Service -- and the fallout from COVID-19 -- we half of Americans who pay federal income taxes have been given until May 17 to file. Since I began earning enough to file Form 1040 and associated...

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Mileage-based User Fees Are A Sustainable Way To Fund Roads, Replace Gas Taxes

While fuel taxes have largely worked well for decades as a means for funding roads and highways, they now suffer from a number of problems. The increasing fuel economy of today’s vehicles makes fuel taxes less effective over time, as does the...

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Mitch Mcconnell Told Biden The Gop Considers Trump's Tax Cut A 'red Line' In Infrastructure Talks

Senate Minority Leader Mitch McConnell (R-KY) and House Minority Leader Kevin McCarthy (R-CA) address reporters outside the White House. Drew Angerer/Getty Images Mitch McConnell's message was clear on Wednesday: Don't mess with the Trump...
Related topics: Joe Biden, Senate, White House

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Indian Government Imposes Seventh Fuel Price Rise In 12 Days As Petrol Nears Record High

As India's economy reels under the second wave of coronavirus, the government is increasingly relying on tax receipts from fuel to balance the books.
Related topics: India

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New Docs: Irs Cornered By Judge To Reveal If It Criminally Investigated The Clinton Foundation

On 22 April, US Tax Court Judge David Gustafson ordered the Internal Revenue Service (IRS) to reveal whether it criminally investigated the Clinton Foundation, according to a recently declassified ruling cited by Just the News.
Related topics: IRS

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Tackle The Tax Gap

By Alex Brill The Senate Finance Committee held an important subcommittee hearing this week, “Closing the Tax Gap: Lost Revenue from Noncompliance and the Role of Offshore Tax Evasion.” The “tax gap,” which is the difference between the...

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What Is The 1099 Form And Do You Need To Send One Out?

Peter Suciu Taxes, Americas A full-time employee who doesn't do any work on the side wouldn’t likely see a 1099 form. Instead, they receive a W-2 form, which is typically sent by an employer to report all wage and salary information for...

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A Ny Law Would Tax Facebook, Google, And Other Companies For Using Your Personal Data

A legislator in New York is introducing a law that would tax companies for the revenue they earn on consumer data, part of a wave of similar legislation. States are broaching a new way to incentivize companies to keep data private—a sales...
Related topics: Facebook, Social Media, Google, Google (GOOG)

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Senate Democrats Offer Bill To Scrap Tax Break For Investment Managers

A group of Senate Democrats on Wednesday introduced legislation to end the "carried interest" tax break that benefits investment managers, after President Biden also called for scrapping the tax preference as part of his human infrastructure plan....
Related topics: Joe Biden

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Repealing The Salt Deduction Cap Is Not The Way To Help The Middle Class

Many politicians in high-tax states want it, but that isn’t a good reason to bring back the unlimited state and local tax deduction. washingtonexaminer.com/blogs/beltway-confidential

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Bad News: That Big Stimulus Payment Could Delay Your Tax Return

Eli Fuhrman Tax Refund, Stimulus Payments, The IRS is facing a major backlog of unprocessed tax returns as it struggles to manage a number of demanding tasks. Here's What You Need to Remember: Contributing to IRS delays is the agency’s role in...
Related topics: IRS

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Filing A Tax Extension: Is That A Good Idea?

Peter Suciu Taxes, Americas For those who know they owe money, a better solution is to file and set up a payment plan, make an “offer in compromise” or even request a temporary collection delay. Sometimes you just can't meet deadlines,...

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There Are Apps For People Who Want To Be Tracked For Tax Reasons

Most people don’t want to be tracked by apps or websites for privacy reasons, but there are those who actively want their location to be constantly tracked for tax reasons – and there are apps to meet that need … more… The post...

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