Tax Blog
Tips to help you prepare for tax season
European Countries Might Consider Scrapping the Bank Tax for Greater Financial Support
Tax Policy - European Countries Might Consider Scrapping the Bank Tax for Greater Financial Support After the 2007-2008 financial crisis, countries were pressed to tax the financial sector to partly recover the fiscal assistance governments offered to support...
Three Reasons Expanding Credits Aren’t the Best Pandemic Response for the Vulnerable
Tax Policy - Three Reasons Expanding Credits Aren’t the Best Pandemic Response for the Vulnerable Tax policy wonks often advocate for increases in refundable tax credits (e.g., Child Tax Credit, CTC and Earned Income Tax Credit, EITC) and nonrefundable tax...
Wine Taxes in Europe
Tax Policy - Wine Taxes in Europe This is the beginning of a map series in which we’ll explore different types of excise taxes, starting with excise duties on wine. If you have ever wondered about the tax consequences of opening a bottle of wine—yes, there is a...
RIC shareholders can take Sec. 199A deduction for REIT dividends
IRS Tax News - RIC shareholders can take Sec. 199A deduction for REIT dividends The IRS issued final regulations allowing regulated investment companies (RICs) to report qualified real estate investment trust (REIT) dividends as Sec. 199A dividends to their...
How High are Wine Taxes in Your State?
Tax Policy - How High are Wine Taxes in Your State? Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newly found thirst for...
IRS Unveils New Relief for COVID-19 Retirement Borrowers
The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.… Read more about IRS Unveils New Relief for COVID-19 Retirement Borrowers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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