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Here at TOTTB, we produce in-depth, easy to understand, exhaustively cited, essays on the topic of tax reduction for our subscribers! And, every two weeks, we add more articles and more features like our live webinar events, private Facebook group, downloadable “Client Alerts” and Infographics, features like our blog, Around the Tax World, an aggregator of all the news happening in the tax world!

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By Aunnah Williams

Around the Tax World – February 8, 2024

In The Headlines - Super Bowl LVIII means record-breaking ticket prices for football fans and revenue spikes for Las Vegas small businesses.

What's New In The Tax World? - To file or not to file? With new proposed tax breaks coming up fast, the IRS urges taxpayers to move ahead with their tax returns

State-By-State Updates -A Connecticut task force tries to bid farewell to the state’s car tax.

Tax Planning Tips - With TJCA tax provisions soon to expire, 2024 will be a crucial year for tax planning.

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Around the Tax World- January 10, 2023

World NEWS - Walmart paid almost $1 billion in taxes after moving PhonePe headquarters to India…
U.S. NEWS - 38 U.S. states will see tax changes in 2023—including significant tax reductions...
STATE NEWS - Kentucky legislators seek to pass an income tax reduction bill…
TAX PLANNING - New year, new tax brackets—taxpayers anticipate higher take-home pay in 2023...

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Around the Tax World- December 9, 2022

World NEWS - Prosecutors in the Trump Organization trial claim that the former president sanctioned tax fraud...
U.S. NEWS - Taxpayers may see a much smaller tax refund from their 2022 returns...
STATE NEWS - Texas’ tax relief plans may negatively impact public schools…
TAX PLANNING - E-Commerce platforms petition to increase the business transaction threshold under the new tax reporting rules...

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Around the Tax World- November 29, 2022

World NEWS - The Supreme Court approved the disclosure of Trump’s tax records to Congress...
U.S. NEWS - Congress receives renewed pressure to revive the expanded child tax credit...
STATE NEWS - The governor of Virginia announces plans to pursue tax cuts in the 2023 budget…
TAX PLANNING - Special tax rules will apply in 2023 for income received through third-party payment platforms...

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Around the Tax World- November 10, 2022

World NEWS - Donald Trump files an emergency request to stop his personal tax returns from being disclosed...
U.S. NEWS - President Biden threatens to introduce a windfall tax on oil companies as profits surge...
STATE NEWS - Arkansas brings in unexpectedly high tax revenue…
TAX PLANNING - Tax experts estimate that 40% of American households will not pay federal income tax for 2022...

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Around the Tax World- October 26, 2022

World NEWS - Jury selection begins for the Trump Organization’s tax fraud trial in New York...
U.S. NEWS - IRS inflation adjustments for 2023 may result in less taxation and more income for taxpayers...
STATE NEWS - A Chicago tax loophole has caused suburban communities to lose $280 million…
TAX PLANNING - President Biden’s elimination of tax credits for electric vehicles assembled overseas sees increased pushback...

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Around the Tax World- October 10, 2022

World NEWS - The UK abandons a plan to cut taxes for the nation’s highest income earners…
U.S. NEWS - Two-thirds of US states have implemented tax cuts this year as a result of booming state revenue...
STATE NEWS - Seeking to compensate for declining gas taxes, Virginia launched a pay-by-mile program…
TAX PLANNING - Taxpayers rushing to make the 2022 tax extension deadline on October 17th should watch out for three common mistakes...

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Around the Tax World- September 27, 2022

World NEWS - Tesla aims for U.S. tax breaks by looking into battery cell production stateside…
U.S. NEWS - The Inflation Reduction Act’s biggest tax changes impact homeowners and business owners...
STATE NEWS - The Illinois Family Relief Plan features income and property tax rebates...
TAX PLANNING - Which home upgrades could qualify for the new Inflation Reduction Act tax rebates...

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Around the Tax World- September 7, 2022

World NEWS - The IRS accidentally made private data publicly accessible for about 120,000 taxpayers...
U.S. NEWS - President Biden’s student loan relief could be taxed in certain states...
STATE NEWS - Idaho approves one-time tax rebates and introduces a new flat tax rate...
TAX PLANNING - Eco-conscious consumers could qualify for over $10,000 in tax credits and rebates under the Inflation Reduction Act...

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