“There is nothing inevitable in life except death and taxes,” according to historians, this is what Benjamin Franklin, one of the authors of the US Declaration of Independence, said. This phrase is relevant now more than ever. By April 17, 2018, American residents must submit tax returns...
April 17 is the deadline for paying taxes in 2018. The first experience of communicating with representatives of the tax administration (IRS) can be very painful if the tax specialist, or preparer, is selected incorrectly. ForumDaily has collected 9 “red flags” - signs that the services...
The IRS is asking people who were hit by the devastating hurricanes last year (Harvey, Irma, and Maria) to find out if they are eligible for an Income Tax Credit (EITC). According to the IRS, many taxpayers whose income declined in 2017 ...
The IRS does not deduct pet expenses from taxable funds, so your pet can be quite expensive, even in terms of taxes. However, there are several loopholes in the law to deduct pet costs from taxes if ...
According to the latest figures from the US Internal Revenue Service (IRS), tax debts can affect your ability to travel. By law, the IRS is required to notify the State Department of tax arrears as soon as they are deemed "serious." After that, the Department of State usually refuses to issue or renew a passport, ...
The US Supreme Court will consider lifting the ban on levying taxes on online sales, which has been in effect for almost 26 years, thus giving local governments the opportunity to collect billions of dollars in taxes on online sales. Consideration of this issue was initiated by South Dakota, ...
The New Year brought new laws to New Jersey, including tax cuts and an increase in the minimum wage. According to NJ.com, New Jersey continues to implement tax changes that Gov. Chris Christie agreed with the legislature in 2016 to increase gasoline taxes ...
The IRS announced that tax filing season will begin on Monday, January 29, 2018, and also reminded taxpayers that in some cases, refunds will occur before the end of February. The IRS will begin accepting tax returns on January 29, with the expectation that ...
The Independent Democratic Conference in the New York Senate put forward a proposal to eliminate the income tax for city residents whose income is less than $50 thousand a year. If this decision is made, it will affect about 2,2 million people - almost a quarter of the city’s population, writes...
The IRS has announced that those taxpayers who pay property tax for 2018 by the end of 2017, under certain conditions, will be able to deduct this amount from taxable income for 2017. The service posted this clarification on its website. ...