Many U.S. businesses will face the threat of increased exposure to unclaimed property in 2021 as states and private parties step up audits, litigation, and legislative changes aimed...
Posted by One Stop Taxes on 02/23/2021
Sales taxes are one of the common direct ways to collect tax revenue. Although graduated income tax brackets and rates are complex and confusing for many taxpayers, sales taxes are...
Couples living in a community property state own their marital properties, income, and assets jointly. If you earn around $75,000, the income is yours as much as it is your spouse....
What is the Internal Revenue Code?The Internal Revenue Code refers to Title 26 of the United States Code. "Formal consolidation and codification of the United States' general...
An employee's work is usually repaid in wages, salaries, commissions, tips, additional benefits, fringe benefits, and bonuses. All of these taxes are subject to various state and...
As COVID-19 has spread from Wuhan to the rest of the world, including the United States, the coronavirus pandemic is not only a public health crisis, but it is also an economic crisis....
Posted by Flynn Financial Group Inc on 05/14/2020
The Taxpayer Advocacy Panel is a Federal Advisory Committee to the Internal Revenue Service (IRS). If you’re a taxpayer and you have important issues that need to be identified...
To pay for construction and repair of US bridges, roads, and interstate highways, gas taxes have often been considered an integrated ‘user fee’. Many states and the federal...
Posted by Debi G Hill, CPA on 11/26/2019
Gasoline taxes are often considered as integrated "user fees" for the payment of the construction and repair of American roads, bridges, and highways. While the cost of gasoline...
Posted by Advanced Accounting & Tax Planning on 11/25/2019