Tax changes small business owners should be aware of as the tax deadline looms

Tax changes small business owners should be aware of as the tax deadline looms – The Associated Press https://bit.ly/4aeAM98

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Can States Afford Their Recent Tax Cuts?

Can States Afford Their Recent Tax Cuts? https://bit.ly/3TWVcxr

Corporate Transparency Act ruled unconstitutional

A U.S. District Court recently ruled that the Corporate Transparency Act is unconstitutional. However, that doesn’t mean that businesses don’t have to comply with its reporting rules, which went into effect on Jan. 1, 2024. The decision is being appealed by the government and the Financial Crimes Enforcement Network announced that reporting companies “are still […]

2020 Tax Year Closing May 17

If you didn’t file a 2020 federal income tax return and you expect a refund, time is running out: The deadline for filing and claiming a refund for the 2020 tax year is May 17, 2024. The IRS estimates that $10 billion in 2020 refunds currently remains unclaimed. Keep in mind, however, that even if […]

Sources of U.S. Tax Revenue by Tax Type, 2024 Update

Sources of U.S. Tax Revenue by Tax Type, 2024 Update https://bit.ly/3xagv5M

IRS budget is cut in latest deal

The fiscal year 2024 federal budget deal signed into law on March 23, 2024, contained some bad news for the IRS. The agency is losing $20 billion of the more than $80 billion originally allocated to it by the Inflation Reduction Act. The $20 billion cut was stipulated by Congressional Republicans, who refused to pass […]

Missouri House passes bill exempting remote workers from St. Louis earnings tax

Missouri House passes bill exempting remote workers from St. Louis earnings tax – STLPR https://bit.ly/4adH4pk

Economic Nexus Treatment by State, 2024

Economic Nexus Treatment by State, 2024 https://bit.ly/4asbF2a

Living abroad? Your tax due date is June 17

Taxpayers living and working outside the U.S. have a June 17, 2024, deadline to file their 2023 federal income tax returns. The deadline applies to U.S. citizens and resident aliens abroad, including those with dual citizenship. It doesn’t apply to taxpayers who live or have a business in Israel, Gaza or the West Bank, and […]