Tips to help you prepare for tax season
Final regulations govern Sec. 965 transition tax The IRS finalized proposed regulations issued last August on the new transition tax, which generally taxes the accumulated post-1986 deferred foreign income of a corporation. Source: IRS Tax News - Final...read more
Half of IRS employees to be recalled during tax season The IRS issued an updated contingency plan outlining how it will function during tax season. Source: IRS Tax News - Half of IRS employees to be recalled during tax seasonread more
Ocasio-Cortez’s Proposed 70 Percent Top Marginal Income Tax Rate Would Deter Innovation As America’s advantage in innovation erodes and levels of entrepreneurial activity decline, it is becoming increasingly important that tax policy does not further hinder...read more
Tax Relief is on the Agenda in Austria Last week, the Austrian cabinet met to plan the political agenda for 2019 and outline plans for changes to tax policy that will take place over the next few years. The current government has been in place since the end of...read more
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis Congresswoman Ocasio-Cortez recently discussed her support for taxing incomes over $10 million at 70 percent. Her goal is to raise additional revenue to fund new federal priorities, such as a...read more
IRS announces Free File launch The IRS announced that its Free File program, which provides free electronic filing options to moderate-income taxpayers, opened Jan. 11 and will operate through Oct. 15. Source: IRS Tax News - IRS announces Free File launchread more
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