Sections
Taxes
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3.0KIt’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021
Today (July 15) is Tax Day, and despite it coming three months later than normal due to COVID-19, several million Americans will...
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1.3KIRS Reminds Americans Taxes Due July 15
For taxpayers who took advantage of the 90-day reprieve to file or pay taxes, the deadline is almost up. The Internal Revenue...
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1.8KSeattle OKs Head Tax Aimed At Big Business
Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon, according to CNBC. The tax, called...
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2.1KIRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct
The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report...
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4.3KMnuchin: US Tax Day May Be Pushed Back
U.S. Treasury Secretary Steven Mnuchin said the deadline for taxes could be extended beyond the already elongated July 15 deadline, so as...
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3.2KHelping SaaS Firms Make Sense Of eCommerce’s Tax Complexities
Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been...
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1.8KBipartisan Tax Credit Measure Aims To Keep America Working
Some Republicans are warming to the House Democrats’ plan that would provide businesses with a $194 billion employee retention tax credit, The...
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3.7KAmazon Chides Biden On Tax Comment: ‘We Pay Every Cent’
eCommerce giant Amazon and presidential candidate Joe Biden have taken to Twitter in a squabble over taxes. On Friday (May 22), Biden...
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17.8KIRS Puts Tax Refunds In Storage As It Works On Stimulus Checks
Tax refund season has turned into a nightmare for the Internal Revenue Service (IRS), which now has whole storage units full of...
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3.5KTax Time Tardiness And The Faster Refund
It’s unprecedented. The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. The president announced there...
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3.8KG20 Determined To Change How Big Tech Is Taxed
G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the...
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2.7KIRS Backs Off Fortnite Gaming Currency As Reportable Income
A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes...
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5.1KAmazon (And Others) Brace For India’s New eCommerce Tax
The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated....
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2.8KWill eSports And Other Online Businesses Spike Digital Taxes?
Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country....
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6.5KOnline Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead
There are certain years (and events) that represent significant shifts in business, where there was a way things were done — until...
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6.4KNavigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax
In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent...
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4.6KNJ: Uber Owes $650M In Taxes After Misclassifying Drivers
New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance...
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4.1KWhere The Tax Man Will Knock Louder Post-Wayfair — And Sooner
The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up...
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4.9KAs The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?
Last year a Supreme Court ruling changed the way eCommerce firms collect taxes. It’s a patchquilt of state by state mandates, and...
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2.6KG20 To Close Tax Loopholes For Big Tech By Next Year
The Group of 20 finance ministers said over the weekend that they will come up with common rules to prevent tech companies...
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4.3KLawmakers Want FTC To Investigate H&R Block, TurboTax
H&R Block and Intuit, the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements...
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3.5KBerkshire’s Munger Weighs In On ‘Stupid’ Tax Policies … And Much Else
To paraphrase an old investment ad campaign: “When Charlie Munger speaks, people listen.” After all, Munger has had a storied career spanning...
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4.3KFacebook, Google Targeted In Revised Franco-German Tech Tax
France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax...
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6.6KCannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”...
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3.2KNRF CEO: Tariffs Are A ‘Huge Risk’ For American Consumers
With news of the Trump Administration’s planned 25 percent tariff on Chinese imports circulating, the National Retail Federation (NRF) said the move...
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8.4KA Rough Map To The New World Of Online Sales Taxes
A day after the U.S. Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about...
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6.7KTax Cuts Boost Corporate Cash Coffers To $1.8T
Before the recent tax reform passed in December, it was thought that the tax cuts could boost corporate spending on new offices,...
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4.0KIRS Experiences ‘Technical Difficulties’ On Tax Day
While Americans rush to file their taxes this Tax Day, some computer systems at the Internal Revenue Service (IRS) are “experiencing technical...
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7.3KWhy Timing Is Everything On Tax Day
Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as...
