Taxes
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
Harvest Time: Pick Up a Bushel of Capital Gains Tax Savings
The main attraction is the maximum tax rate on long-term capital gains. Typically, an investor will pay a long-term capital gains tax of 15 percent on a securities transaction. For someone in the top ordinary income tax bracket of 39.6 percent, the ...
Program Helps Tax Professionals Educate Clients On Latest Tax Changes
Thomson Reuters has released its Checkpoint Learning 2015 Tax Update program, which helps tax professionals and accounting firms educate their clients, prospects and client service teams on the latest developments in the field.
New Inflation Estimates Give First Look at 2016 Tax Rates and Brackets
Because of the income ranges bracketing the marginal tax rates have increased, a single filer with taxable income of $50,000 should owe $22.50 less next year due to the adjustments to the income tax rate brackets between 2015 and 2016.
IRS Return Review Program Improves Detection of Fraud
“The RRP test results show potential improvements in the IRS approach to prevent, detect, and resolve pre-refund tax fraud,” said J. Russell George, Treasury Inspector General for Tax Administration. “While these potential improvements are ..."
IRS Needs to Better Verify Claims for Exemption from Social Security Taxes, Says Report
In an effort to eliminate dual taxation with respect to Social Security taxes, the United States entered into international agreements, called Totalization Agreements, with 24 foreign countries.
Halliburton Settles Labor Case: Will Pay $18.3 Million In Back Overtime Wages
Oil and gas service provider, Halliburton, has agreed to pay $18,293,557 to 1,016 employees nationwide. The department’s Wage and Hour Division investigated Halliburton as part of an ongoing, multi-year compliance initiative in the oil and gas ...
Avalara Launches Sales Tax Service for Xero Customers
Cloud tax solutions provider Avalara has launched a new automated sales tax rates and returns service for Xero customers. The integration provides tax rate data in real time, enabling quick and automatic access for inclusion in customer invoices.
Lies, Damned Lies, and Statistics – The Tax Myth About Red States and Blue States
I was intrigued when a blog boldly declared that IRS statistics show that states that attempt to tax the wealthy to pay for social programs only serve to drive the wealthy to states that offer lower taxes. Anyone who follows the ...