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Business taxes
A researcher works on a vaccin against the new coronavirus COVID-19 at the Copenhagen’s University … [+] research lab in Copenhagen, Denmark, on March 23, 2020. – At Copenhagen university, a team of about 10 researchers is working around the clock to develop a vaccine against Covid-19 that could apply for clinical trial before within...
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Two weeks after the 2022 midterm elections, it’s becoming clearer where tax policy may be headed for the rest of the year and into 2023. In the short term, Congress must deal with tax extenders and expiring business tax provisions that may undermine the economy. Next year, the return of divided government and an increasingly...
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The multi-billion-dollar collapse of cryptocurrency exchange FTX has raised important questions about the framework government is relying on to collect taxes from crypto investors. The IRS is planning to rely on exchanges such as FTX to report crypto transactions. But if the FTX crash drives users away from these exchanges, the IRS may have to...
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These days, filing your taxes is easier than ever, especially since you can fully hand over your taxes to a TurboTax Live tax expert, but there are still documents to gather. Luckily, our tax documents checklist is here to help. Here’s everything you need to help you easily gather your documents before handing them off...
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Running a business or a side hustle isn’t for the faint of heart. Whether you’re just starting out or you’ve been doing this for a while now, the self-employed tax jargon can be a little overwhelming. Let’s take a quick refresher with a helpful glossary of common business finance and tax terms you might run...
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For global trade professionals, supply-chain due diligence has become one of the most important ways to mitigate risk, ensure regulatory compliance, engineer resiliency, and prevent brand damage from angry, supply-chain-conscious customers and activists. But maintaining effective due diligence in a complex supply-chain is no easy task. It takes time, dedication, expertise, and technology—and, done correctly,...
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LAS VEGAS, NV – NOVEMBER 13: U.S. Sen. Catherine Cortez Masto (D-NV) gives victory remarks. With … [+] Cortez Masto’s victory Democrats retain control of the Senate. (Photo by Bridget Bennett/Getty Images) Getty Images With Democrats retaining narrow control of the Senate and Republicans on the cusp of winning the barest of majorities in the...
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November 10, 2022 Garrett Watson Alex Durante Garrett Watson, Alex Durante As we near this year’s “lame duck” session of Congress, there has been renewed interest in child tax credit reform as part of a broader tax deal. One year after the expanded child tax credit originally enacted as part of the American Rescue Plan expired,...
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Last week, the US Supreme Court heard oral arguments in a case over how much in penalties the US government can impose on citizens who fail to report to their foreign financial accounts of $10,000 or more. Beyond the immediate legal question, the case, Bittner v. the United States, raises important questions about how the...
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With inflation rates being the highest in several decades, the Internal Revenue Service (IRS) announced inflation adjustments for tax year 2023. These inflation adjustments are some of the biggest adjustments made in history that will change individual income tax brackets, and increase some key tax deductions and credits for tax year 2023 (the taxes you...
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