February 2022

Freelancers, contractors and small businesses have had their email addresses, phone numbers, P60s, national insurance numbers and passports leaked online. It comes after a ransomware attack against at least five financial firms, according…

Natalie Moore's column stating that the federal tax system is racially discriminatory ("In tax season, green isn't the only color that matters") is long on generalization but short on fact. For example, it is claimed that a married…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Which businesses are affected?This new reporting requirement affects all business transactions - payments for goods and services - on peer-to-peer payment platforms, including PayPal, Venmo and Cash App. The rules apply whether you run a…

Which businesses are affected?This new reporting requirement affects all business transactions - payments for goods and services - on peer-to-peer payment platforms, including PayPal, Venmo and Cash App. The rules apply whether you run a…

Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will receive forms for the first time. 1099-K.Indeed, new reporting requirements in the…

Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will receive forms for the first time. 1099-K.…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Dalia Ramirez Next year, many people using peer-to-peer payment apps to sell goods and services – including gig workers, landlords and small business owners – will…

Which businesses are affected?This new reporting requirement affects all business transactions - payments for goods and services - on peer-to-peer payment platforms, including PayPal, Venmo and Cash App. The rules apply whether you run a…

Pandemic-related loans will not be treated as state taxable income Posted February 24, 2022 by Robyn Sidersky young This year's tax season could be a little less complicated for businesses that…

As we head into March, one of the most dreaded times of the year is approaching: tax season. Right now you're inundated with tax documents, including a W-2 from your employer, 1099s from your side gigs, 1099-MISC statements from your…

As we head into March, one of the most dreaded times of the year is approaching: tax season. Right now you're inundated with tax documents, including a W-2 from your employer, 1099s from your side gigs, 1099-MISC statements from your…

One of the things that widens the racial wealth gap is the federal tax code. The way the tax code is written puts black people at a disadvantage, according to a law professor who has spent her career researching racism in the tax…

Auditor-Comptroller Joe Harn recently posted El Dorado County's sales tax update for the quarter ending September 2021 on the county's website. The report says countywide sales tax revenue increased a meager 0.2% from the same period in…

December was the icing on the cake of a very good year for Basalt sales tax collections.The city collected $850,326 in sales tax in December, which reflects actual sales in November. That was up 24.7% from the same!-->…

Auditor-Comptroller Joe Harn recently posted El Dorado County's sales tax update for the quarter ending September 2021 on the county's website. The report says countywide sales tax revenue increased a meager 0.2% from the same period in…

PAGCOR will fund a permanent disposal facility PAGCOR has launched a $50 million ($973,112) Multipurpose Evacuation Center (MPEC) in the city of Victoria that will serve as a temporary shelter. Prior to the opening of MPEC in Victoria,…

OPINION AND COMMENT Editorials and other opinion content offer viewpoints on issues important to our community and are independent of the work of our newsroom reporters.…

A tweet from a New York congressional candidate pitting federal tax deductions available to teachers against deductions available to people who can buy private jets spread quickly, garnering 23,500 retweets and 91,700 likes. “Teachers can…

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Jack F / Getty Images / iStockphotoIf your teen had income in 2021, you may be preparing to help them file their taxes in April. Whether you choose to do it yourself, use tax software, or hire a tax preparation company, it helps to know…

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Jack F / Getty Images / iStockphotoIf your teen had income in 2021, you may be preparing to help them file their taxes in April. Whether you choose to do it yourself, use tax software, or hire a tax preparation company, it helps to know…

(Shannon Stapleton/Reuters) Apparently Kevin Drum gave me the “price of brass balls” on his blog for my recent article on the IRS. He says the reason…

This could leave some taxpayers struggling with reportable income on 2021 federal and state taxes that they may have to return later in the state.Related:Some wonder how many residents could face wage garnishment or tax refunds if they are…

It has become popular to urge people to imagine a better world. It's not surprising. After forty years of rising inequality, stagnant median wages, untaxed wealth, lack of progress on racial!-->…

It has become popular to urge people to imagine a better world. It's not surprising. After forty years of rising inequality, stagnant median wages, untaxed wealth, lack of progress on racial!-->…

The United States tax code allows certain types of entities to use indirect taxation. This effectively shifts income tax liability from the entity earning the income to those with a beneficial interest in it. Schedule K-1 is the form that!-->…

Subscribe: Apple Podcasts | Spotify | iHeartRadioKey points to remember• Eligible post-secondary institutions must send Form 1098-T to tuition-paying students by January 31 and file a copy with the IRS by February 28.• Schools use Box 1!-->…

This could leave some taxpayers struggling with reportable income on 2021 federal and state taxes that they may have to return later in the state.Related:Some wonder how many residents could face wage garnishment or tax refunds if they are…

Subscribe: Apple Podcasts | Spotify | iHeartRadioKey points to remember• Eligible post-secondary institutions must send Form 1098-T to tuition-paying students by January 31 and file a copy with the IRS by February 28.• Schools use Box 1!-->…

The United States tax code allows certain types of entities to use indirect taxation. This effectively shifts income tax liability from the entity earning the income to those with a beneficial interest in it. Schedule K-1 is the form that!-->…

Subscribe: Apple Podcasts | Spotify | iHeartRadioKey points to remember• Eligible post-secondary institutions must send Form 1098-T to tuition-paying students by January 31 and file a copy with the IRS by February 28.• Schools use Box 1!-->…

(The Center Square) — The latest U.S. tax map could add to the debate over whether Wisconsin should end or…

A 1099 tax form is for taxpayers who have earned non-employment income. Form 1099 is typically used by independent contractors (1099-NEC), but there are over 20 varieties a person can use to file their taxes. If you're wondering why you…

Amid talk of state income tax cuts, experts say Kentucky's tax code reforms should instead focus on eliminating tax breaks for the wealthy and businesses. the Kentucky Chamber of Commerce and other proponents of income tax…

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If you were one of the thousands out of work last year, filing your tax return might be a little more difficult this year. Hundreds of people in Southwest Florida are struggling to get their 1099-G from the Department of Economic…

(Jonathan Ernst/Reuters) Daniel J. Pilla challenges the oft-repeated assertion that the IRS operates on “1960s technology” and needs billions of…

Kyrgyzstan: On the adoption of the Tax Code of the Kyrgyz Republic …

Sometimes it seems like everyone is pushing women to get married, even the US government.…

The Anglo-Irish Chamber of Commerce has called for the creation of a tax reform office to recommend and advise the government on how to simplify what it describes as "the onerous nature of the Irish…

If sales tax is any economic indicator, the Midland economy is almost back to pre-pandemic levels.The City of Midland reported $5,738,088 in sales taxes collected during the month of February. This represents an increase of 17.17% compared…

There are currently 40,000 vacant residences in San Francisco, according to a new report. A vacancy tax is intended to deter absentee landlords from helping solve…

Amid talk of state income tax cuts, experts say Kentucky's tax code reforms should instead focus on eliminating tax breaks for the wealthy and businesses.the Kentucky Chamber of Commerce and other proponents of income tax abolition say…

A recent report by a Russian media outlet indicates that the government may collect 1 trillion rubles worth around $13 billion in tax on digital currencies every year. The bell collected unclassified data from Russian authorities that…

Amid talk of state income tax cuts, experts say Kentucky's tax code reforms should instead focus on eliminating tax breaks for the wealthy and businesses.the Kentucky Chamber of Commerce and other proponents…

A recent report by a Russian media outlet indicates that the government may collect 1 trillion rubles worth about $13 billion in tax on digital currencies every year. The bell collected not-so-classified data from Russian authorities that…

According to a law professor who has spent her career documenting racism in the tax system, America has a major racial wealth gap that is partly due to the way the federal tax code is written. Indeed, the median wealth of white…

BOSTON, Mass. (WWLP) – If you are a Massachusetts resident without health insurance, the Massachusetts Health Connector wants to help you get the coverage you need. The Massachusetts Health Connector's new simple enrollment…

Country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican…

Court News Printed and digital download photos available A 58-year-old woman has been conditionally released after she admitted failing to complete a tax return and pay an £875 fine!--/>!-->…

eBay has told some sellers to disregard IRS 1099-K forms it generated due to a "recent technical issue". On Wednesday, we wrote about sellers in California who were puzzled because eBay issued them 1099-Ks when they were below…

The Court of Justice of the European Union (CJEU) declared in its judgment in case C-788/19 of January 27, 2022 that the Spanish legislation on the tax form obliging Spanish tax residents to declare their foreign assets and rights (Form…

eBay has told some sellers to disregard IRS 1099-K forms it generated due to a "recent technical issue". On Wednesday, we wrote about sellers in California who were puzzled because eBay issued them 1099-Ks when they were below…

The Massachusetts Society of CPAs (MassCPAs), the professional association for certified public accountants representing more than 11,000 members, has just announced that it has published a white paper which supports Governor Baker's…

The Massachusetts Society of CPAs (MassCPAs), the professional association for certified public accountants representing more than 11,000 members, has just announced that it has published a white paper which supports Governor Baker's…

The Massachusetts Society of CPAs (MassCPAs), the professional association for certified public accountants representing more than 11,000 members, has just announced that it has published a white paper which supports Governor Baker's…

The case went all the way to the Minnesota Supreme Court, but Perham Health prevailed in its legal battle with Otter Tail County over whether it should pay property taxes on its clinics in Perham, Ottertail and New York.…

The case went all the way to the Minnesota Supreme Court, but Perham Health prevailed in its legal battle with Otter Tail County over whether it should pay property taxes on its clinics in Perham, Ottertail and New York.…

Senator Joe Manchin just gave a hint about what he wants to see in a new spending bill. He told reporters on Wednesday, “Just fix the tax code. Just fix the…

Breadcrumb Links Canada The Prime Minister has been the subject of criticism and controversy since announcing the health contribution plan on January 11. Author of the article: Philippe Authier • Montreal Gazette…

Breadcrumb Links Canada Legault has been the subject of criticism and controversy since the announcement of the health contribution scheme on January 11. Author of the article: Philippe Authier • Montreal Gazette…

Moving away from the levy exemption regime, the United Arab Emirates (UAE) will for the first time introduce a federal corporate tax on business profits effective June 1, 2023. The historic development was announced by the UAE Ministry of…

Moving away from the levy exemption regime, the United Arab Emirates (UAE) will for the first time introduce a federal corporate tax on business profits effective June 1, 2023. The historic development was announced by the UAE Ministry of…

It's officially tax season, and if you were among the many cryptocurrency traders last year, it's time to report your business on your 2021 tax return.This applies to those who sold or spent their cryptocurrency, those who traded one…

Country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican…

Although the tax bill can sting, it's important to report accurately and not try to underestimate your income, warns accountant Shehan Chandrasekera. This applies to those who sold or spent their cryptocurrency, those who traded one…

by Kerry Dougherty Not good enough, Virginia Department of Taxation. Not even close. It's not enough to apologize and tell the nearly 15,000 Virginia Beach taxpayers whose personal tax information on their 1099G forms was sent to the!--?xml>…

Dated:February 1, 2022 Under the Affordable Care Act, US law requires that we be sufficiently insured during the year. Form 1095-C…