Can You Deduct Facebook Donations from Your Taxes?
Facebook fundraisers have become a popular, easy way to raise money for worthy causes. With the social media platform boasting an estimated 2.74 billion monthly users, people have been able…
Higher Prices, Lower Revenues? | Tax Policy Center
Inflation is taking a bite out of sales tax revenues. TPC reports that 26 states collected less sales tax revenue in April compared to the same time last year, while…
Why Pride Is More Than Just a Month
As companies change their logos and tweet support for the LGBT+ community, the same argument is levelled against organisations who arguably pay lip service to Pride month while failing to…
Regs. proposed for present value of estate deductions
The IRS and Treasury issued proposed regulations Friday incorporating present-value principles by which an estate may deduct certain expenses and claims against the estate under Sec. 2053. The primary issue…
Tax Fraud Blotter: Everybody dance now
Pawn king; tell us where it hurts; check’s not in the mail; and other highlights of recent tax cases.Fort Lauderdale, Florida: Tax preparer Guy Telfort has pleaded guilty to criminal…
How FDI Adds Value to Supply Chains
The COVID-19 pandemic brought increased attention to U.S. global supply chains, as the pandemic impacted critical components within U.S. manufacturing. The attention has led to calls to structure U.S. tax…
Tips for Filing Taxes as a Freelance Graphics Designer
Updated for tax year 2022. You own a thriving graphic design business. Perhaps you create eye-catching logos or comprehensive commercial websites. What you may not spend too much time on is…
How Should the US Tax Petroleum Profits?
Ballooning oil company profits have produced a volley of “windfall profit tax” proposals. How well would their different provisions meet the near-term US policy goals of increasing tax revenue from…
Self Employed: Living and Working Abroad? Here’s What You Need to Report to the IRS
One of the more popular trends these days is being a digital nomad. If your work can be done remotely and not at an office, why not travel the world…
How to Maximize Business Refunds Now
The pandemic had a devastating impact on many businesses, and they faced unforeseen challenges. Retaining employees and maintaining their salaries was a hurdle many sought relief from by requesting an…
