In a normal year, one in which the country wasn’t dealing with the catastrophic public health and financial impacts of a global pandemic, tax season would already be winding down. We’re now a week past the normal April 15 federal tax filing deadline, which this year has been extended until May 17. This means there’s …
The IRS has decided to extend the tax filing deadline for residents of one state until the summer. Because of the devastating winter weather that pounded Texas recently and led to a disaster declaration from FEMA, Texans now have until this summer to file their 2020 taxes. The new tax filing deadline for Texas is …
$1,400 stimulus checks should start going out within the next few weeks, but the amount you receive will likely be based on your most recent tax return. There are a number of factors that determine how much the IRS deposits in your account, so if you will receive less money with your 2020 tax return, …
Donald Trump has famously resisted making his tax returns public for years. Trump’s disgraced former lawyer Michael Cohen thinks he knows why. In Cohen’s new book Disloyal, the former fixer-turned-witness against President Donald Trump says the tax returns would reveal that Trump likely isn’t as wealthy as he claims to be, for starters. Donald Trump’s disgraced …
Tax Day 2020 generally isn’t thought of as a happy day, but we’ve got some news that might help take the edge off. Now that you’re done filing your taxes and paying any money that you might owe the federal or state governments, it’s time to check out all the great freebies and discounts being …
Amazon is the largest web-based retailer on the planet, raking in billions of dollars every year and employing over 340,000 workers. When you’re that big — and the president of the United States likes to go on early-morning Twitter rants before his handlers can distract him — there’s a good chance you’re going to be …
Tomorrow, Irish Finance Minister Michael Noonan will file an appeal against Apple’s $14.4 billion tax bill in European court. But Ireland isn’t fighting to get back what it’s owed; rather, it’s contesting a recent EU ruling on behalf of Apple, saying that the company shouldn’t have to pay Ireland the equivalent of about $3,000 per person.
The United States House of Representatives approved the Wireless Tax Fairness Act on Tuesday, an initiative that prevents new local and state taxes on wireless bills for the next five years. “We need to encourage the development and adoption of wireless broadband, not tax it out of existence,” Representative Zoe Lofgren said. The average tax …
Hon Hai Precision Industry Co. Ltd.-owned Foxconn is considering spending up to $12 billion on new facilities in Brazil that would help the electronics manufacturer’s clients avoid high import taxes on devices shipped to key markets from China and Taiwan. The move would also potentially help the manufacturer avoid some of its rising labor costs …
The Rockefeller Institute, a research group tied to SUNY, said that sales taxes took a 6.1 percent dive in Q4 of 2008 and Q1 of this year was even worse. Given the current state of the economy of course, this is hardly a surprise. Beyond the obvious reasoning behind the decline — people are losing …
