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Thousands of 'bare trust' tax forms filed despite eleventh hour pause on reporting requirement
CBC via Yahoo News· 7 days agoMore than 40,000 Canadians filed "bare trust" tax forms this year, despite the government hitting...
I'm Buying a Home. Are Closing Costs Tax-Deductible?
SmartAsset via AOL· 4 days agoWhen you're filing your taxes, there's a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may...
Modest needs? Charity founder accused of embezzling $2.5 million to fund lavish lifestyle
Associated Press· 4 days agoThe charity was called Modest Needs but federal prosecutors who filed charges against its founder...
IRS Defeats NY Tax Firm’s Early Bid to Restore E-Filing Rights
Bloomberg Law· 6 days agoThe IRS doesn’t need to immediately restore a New York tax firm’s electronic filing identification numbers while the business sues the agency over its suspension, a federal court said.
What it will take to make Direct File permanent
Government Executive· 2 days agoThe IRS pilot of a government-backed online tool to file taxes for free, dubbed Direct File, is going permanent, the tax agency announced ...
St. Louis settles earnings tax case, will allow refunds for pandemic years
St. Louis Post-Dispatch· 7 hours agoCity officials on Friday said they had settled a lawsuit challenging the way they handled earnings ...
Decisions, Decisions: Choice of Entity vs. Choice of Tax Classification | JD Supra
JD Supra· 5 days agoBefore forming any entity, founders need to make two fundamental decisions: which entity type is best for their business operations and which tax classification ...
Start your week smart: Heat dome, Alex Jones bankruptcy, Merrick Garland, FAA investigation,...
CNN via Yahoo News· 8 hours agoJune 17 is when US citizens living and working abroad must file their annual tax returns. It’s also the day that taxpayers whose income is not subject to ...
Arkansas lawmakers to consider income tax cuts, Game and Fish budget during special session
Arkansas Advocate via Yahoo News· 9 hours agoGov. Sarah Huckabee Sanders has said she wants to phase out the state’s income tax and legislators...
Tax Breaks: Don't Buy TikTok Tax Misinformation
Forbes· 2 days agoOur latest edition of Tax Breaks. Plus: Qualified charitable distributions, statute of limitations, estate planning, value-added tax, industry updates, and more.