Taxes, deductions and filling out declarations: a finance specialist will answer the questions of ForumDaily readers

The US tax system is quite confusing, and it is sometimes difficult for both Americans and immigrants to understand its intricacies. At the same time, errors in filing a declaration can result in additional costs and problems with one of the most formidable American departments - the Tax Service ...

91% of cases disclosed: in 2019, the IRS revealed billions of tax frauds

Despite the fact that in the past year, the US Internal Revenue Service struggled with staff reductions and financing, the agency wants the public to know: the IRS is still harshly condemning tax criminals and revealing 9 of 10 tax fraud crimes that ...

Tax increases force millionaires to leave California

It's not just federal tax changes that are pushing people to move from state to state - it turns out that tax hikes across California are driving wealthy people out of the region en masse. A new study published Oct. 7 found that when California raised its income tax rates, it caused ...

Cities with highest sales taxes

Чикаго нередко называют “Вторым городом” – это второй по значимости финансовый центр Америки после Нью-Йорка. Но когда речь идет о высоких налогах с продаж, Чикаго по праву становится номером один в США. Чикаго занимает первое место вместе с двумя городами…

Another hobby or business: how does this affect the amount of tax?

When does your hobby become a business? The answer to this question is very important, because it determines whether you can reduce your taxable income by the amount of the cost of your business. This information is only relevant to Sole Proprietors, i.e. if you drive your ...

Residents of which states pay the most taxes

The tax season in the United States is in full swing, and although federal income taxes are likely to make up the lion's share of the payout of most Americans, state taxes can also greatly affect taxpayers. To understand how much the tax burden differs in different states, journalists of the Business Insider edition ...

What to do if you cannot pay taxes in full: IRS instruction

The US Internal Revenue Service (IRS) reminds taxpayers of a few simple ways to pay taxes: it will be useful for everyone, especially for those who for various reasons cannot immediately pay the entire required amount. According to the IRS, major tax law changes for tax returns for 2018 ...

Bill Gates complained about too small taxes and called his wealth undeserved

Microsoft founder Bill Gates, whose fortune is estimated at 96,7 billion dollars, which allows him to occupy second place in the list of the richest people in the world according to Forbes magazine, once again expressed dissatisfaction with too small a sum of taxes that he has to pay.

15 states with better taxation for the middle class

Even if you earn good money and can confidently identify yourself as middle-class, income taxes in states and cities that you have to pay can end up leaving you with less money in your pocket than you would like. Edition…

States whose residents pay the highest sales taxes per capita

Sales taxes are an easy way for states to earn income, although some regions rely on this item of income more than others. 45 states and the District of Columbia charge state sales taxes. This tax is not in Alaska, in Delaware, ...

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