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Hello Tax Gets Angel Funding, MySuperBrain Raises Funding from Soniks Consulting and FabHotels Bags $8M

Hello Tax, an app that helps users fill income tax returns easily, has raised an angel round of funding; MySuperBrain, an online talent

Feld:Federal Taxation Of State Tax Credits

Alan Feld (Boston University), Federal Taxation of State Tax Credits, 151 Tax Notes 1243 (May 30, 2016): This article analyzes the Federal income tax treatment of state incentive tax credits. It considers whether and when refundable credits should be included in income and discusses their appropriate character as capital gain...

8 Things to Do If You Missed the Tax Deadline

Everyone pays taxes of one type or another. The most common types are income taxes and sales taxes. There are services in our society that simply would not be available if weren’t for taxes. Uncle Sam uses your federal tax dollars to provide Social Security, health care, social services, and to fund national defense priorities.... Show More Summary

Timely Tax Tips for the Self-Employed [INFOGRAPHIC]

Being self-employed can be a good thing. It means you’ve found a way to earn income for yourself and your family. You know the old saying, “Give a man a fish and you feed him for a day; teach a man a fish and you feed him for life.” Being self-employed allows you to call your... Read more » The post Timely Tax Tips for the Self-Employed [INFOGRAPHIC] appeared first on.

Lunch Links: House GOP Tax Plan; Eastern States Try Vehicle Miles Tax; Maine to Vote on Marijuana and Income Tax

Today is June 27, the 86th birthday of Ross Perot, who ran for President as an independent in 1992 and received 19 percent of the vote. His platform was an interesting mix of left and right, with calls for entitlement reform, opposition to NAFTA, and avoiding social issues. Show More Summary

IN: Hamilton County Boards to Vote to Put Transit on the Ballot

June 27--The Clay and Washington township boards in Hamilton County plan to vote Tuesday to hold referendums to give local voters the opportunity to raise their own income taxes to pay for expanded bus service. The Washington Township Boar

Ryan, House Republicans to unveil tax reform plan

5 days agoNews : The Raw Story

U.S. House of Representatives Republicans want to lower the top individual income tax rate to 33 percent and slash the corporate tax rate, according to a blueprint released on Friday as an agenda for this year’s re-election campaign. The tax reform plan, to be officially unveiled on Friday...

A Value-Added Tax: a Revenue-Neutral Alternative to the Corporate Income Tax

Republican presumptive presidential nominee Donald Trump has proposed lowering the corporate income tax rate from 35 percent – one of the highest rates in the world – to 15 percent. This proposal, much like any other tax cut, has been criticized heavily for reducing federal revenue. Show More Summary

Putin Endorses Agreement on Double Taxation Avoidance With Singapore

Russian President Vladimir Putin has signed a law on ratifying Russia-Singapore agreement on the avoidance of double taxation and prevention of fiscal evasion with respect to the income taxes, according to the official internet portal of legal information.

Bitcoin Might Make Tax Havens Obsolete

Bitcoin offers the tantalizing prospect of hiding untaxed income from the government without relying on foreign financial institutions or your mattress

'Dance Moms' star is reportedly going to plead guilty in $5 million tax fraud case

"Dance Moms" star Abby Lee Miller is expected to plead guilty to tax fraud next month, the Associated Press reports. Miller was first indicted on charges last October of allegedly failing to report $775,000 worth of income from the Lifetime...Show More Summary

Lunch Links: PA Gov Drops Tax Plans; Alaska Legislature to Meet Again; NC Couple Stole Tax Refunds from 300 People

Today is June 22, the date in 1936 when the U.S. first adopted a graduated corporate income tax. Unlike individual income taxes, a progressive corporate income tax doesn’t make much sense. The tax is paid in some combination by shareholders,...Show More Summary

‘Bure Din’ For Tax Defaulters As IT Dept Set To Revoke Their PAN Cards, LPG Subsidy

Willful tax defaulters in India may face some heat in the coming days as Income Tax Department has decided to take some aggressive steps against them. To start with, IT Dept. will block their PAN Cards, block their LPG subsidies andShow More Summary

Form 1099-R From Insurance Company Can Be Bad Tax News

Life insurance is actually a rather sweet tax deal. That is why I find it so distressing when someone manages to use life insurance to manufacture phantom income for themselves that produces a tax liability that is quite real. Such is the sad story of Kenneth Mallory who received bad [...]

Tax-dodging radio voice Zev Brenner gets probation, $2.5G fine

last weekNews : NY Daily News

Radio personality Zev Brenner was sentenced Tuesday to one year of probation and a $2,500 fine for failing to file income tax returns.

Disney Pays Taxes. Why Doesn’t Apple?

Its time to fix our ridiculously complex corporate income tax code.

Lunch Links: New York Adds Credits, Online Travel Companies Win More, Donut Tax Evasion

Today is June 21, the date in 1788 when New Hampshire joined the Union. New Hampshire has no sales tax and no income tax (aside from a tax on interest and dividends). When Massachusetts announced a sales tax holiday of a couple days,...Show More Summary

The Case for Not Eliminating the Corporate Income Tax

This past Friday, two prominent tax economists released a detailed and thoughtful tax reform proposal, calling for a major overhaul of the U.S. corporate income tax. In a report titled, “A Proposal to Reform the Taxation of Corporate...Show More Summary

What the Codes on Your Paycheck Mean

Most of us are familiar with the basics of our pay stub: tax withholdings, Social Security, and, of course, income. There may be a few codes on your paycheck you’re unfamiliar with, though, and breaks them down. Read more...

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