Does your rental property qualify for this tax loophole?
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…
Around the Tax World- January 23, 2023 Read More »
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…
Around the Tax World- January 10, 2023 Read More »
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…
Around the Tax World- December 9, 2022 Read More »
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…
Around the Tax World- November 29, 2022 Read More »
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…
Around the Tax World- November 10, 2022 Read More »
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…
Around the Tax World- October 26, 2022 Read More »
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…
Around the Tax World- October 10, 2022 Read More »