Home / Tag Archives: tax

Tag Archives: tax

Stress increase in tax preparation

CONCLUDE The tax season is stressful for many consumers at the best of times, but the pandemic in 2020 has compounded these fears. USA TODAY Millions of taxpayers take advantage of the IRS ‘decision to postpone the coronavirus pandemic tax filing deadline. With the new tax return on July 15 only a few weeks away, these taxpayers now need to …

Read More »

The US is withdrawing from talks with tax technology giants to destroy Europe’s plans

French Finance and Economics Minister Bruno Le Maire (L) welcomes US Treasury Secretary Steven Mnuchin. ERIC PIERMONT The United States shocked Europe by withdrawing from negotiations on an international digital tax and threatened retaliation if the region pushed ahead with its own plans. A number of European countries hoped to be able to impose taxes on digital companies above a …

Read More »

Trump’s Scottish golf resorts receive over $ 1 million in tax relief

AYR, Scotland – According to government officials and a Trump executive, Scottish golf courses owned by President Donald Trump’s businesses are benefiting companies from more than $ 1 million in taxpayers’ money under a Scottish government-run coronavirus program. The financial relief is intended to help the country’s tourism and leisure industry, which has been damaged by the economic downturn caused …

Read More »

The U.S. is investigating the UK, India, Brazil, the EU, and others for digital tax plans

The United States is increasing pressure on other countries to negotiate a tax on digital services and is opening new probes for countries that plan higher tariffs for technology giants. The U.S. trade representative announced Tuesday that he is investigating Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey and the United Kingdom to introduce or …

Read More »

The Supreme Court hears arguments to publish Trump’s tax returns

WASHINGTON – The nature of the presidency was examined before the Supreme Court on Tuesday when the judges heard arguments for more than three hours over whether House Committees and Prosecutors could get information about President Trump’s business affairs. The court’s decision, which is expected by July, may require the disclosure of information that the President has made extraordinary efforts …

Read More »

Bezos takes the tax back on Amazon

SEATTLE – At the end of February Jeff Bezos, Managing Director of Amazon, and his girlfriend Lauren Sanchez in France discussed with President Emmanuel Macron in the Élysée Palace about climate change and celebrated with the designer Diane von Furstenberg on the Eiffel Tower. Days later, paparazzi spotted the couple having dinner in Carbone, New York. By the end of …

Read More »

Supreme Court to hear arguments over Trump’s tax records virtually

A police officer goes to the U.S. Supreme Court on April 6, 2020 in Washington, DC. Alex Wong | Getty Images The Supreme Court said on Monday that it will hear some oral statements practically in May after it has closed its building to the public and precautionary cases against the spreading corona virus. The move is a first for …

Read More »

The federal government’s main COVID-19 related tax relief measures – including some that can result in significant tax refunds

The $ 2.2 trillion Coronavirus Aid, Help and Economic Security Act (CARES Act) provides good news for individuals and businesses, including significant tax breaks. The tax relief offered by the CARES Act goes beyond the tax relief provided by the former Families First Coronavirus Response Act (FFCRA). Finally, the IRS has gracefully postponed some deadlines for paying taxes and some …

Read More »

Social security beneficiaries do not need tax returns to receive relief checks

Inclusion of the social security card Kameleon007 Individuals who receive social security benefits and do not file tax returns do not need to submit documents to receive a government stimulus test. The announcement by the finance department and the Internal Revenue Service on Wednesday evening reverses previous guidelines that these people would have to submit simple returns to get paid. …

Read More »