Taxes
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Salt and payroll
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Report Analyzes Estate Planning Tax Strategies for Sales to an Irrevocable Trust
Thomson Reuters has released a special report, Sales to Intentionally Defective Irrevocable Trusts, which discusses the sale to an intentionally defective irrevocable trust (IDIT) in exchange for its promissory note. The report establishes that the ...
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New Payroll Rates and State Deadlines for W-2s in 2017
Additionally, here’s a rundown of the changes in the most commonly used rates and limits. We highly recommend exploring the payroll guidance solutions provided by Checkpoint, as rates constantly change.
Credit Karma to Offer Free Online Tax Preparation
While other tax software makers have offered free federal tax filings since as early as 2003 for some individuals with lower income and generally non-complex situations, adding state income tax filing and even common tax credits or deductions could ...
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State Sales Taxes Average 5.56%, Plus County and Special Districts
The average state-level sales tax rate held steady at 5.56 percent in Q3 2016. Puerto Rico maintained its position as the U.S. territory with the highest rate, at 10.5 percent. Once again, Indiana, Mississippi, New Jersey, Rhode Island and Tennessee ...
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Tips on State and Local Tax Compliance for Taxpayers with Multiple Residences
With all the focus on Millennials today, people often forget about the much larger population of Baby Boomers. As that generation prepares for retirement, one of the biggest questions they’re contemplating is where to spend those “golden years.” While many factors play a role in those decisions, taxes will be a huge consideration, especially for […]
Avalara Says Look for Changes to Online Sales Taxes, Soda Taxes and Marijuana Taxes in 2017
In addition to sales tax rate changes, new and expiring exemptions, and new taxes on soda, 2017 will bring more marijuana legalization (and taxes), tax amnesty, and especially renewed energy to the online sales tax debate.
2017 Income Tax Refund Schedule
The IRS will begin processing tax returns on January 24, 2017, for taxes paid/owed in 2016. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however.