2020 US Tax Deadlines; Taxation in United States is very complicated. The Internal Revenue Service itself is not easy to deal for the common layman in America. The taxpayers always remain in confusion about the different types of tax forms…
The Internal Revenue Service (IRS) announced its taxpayers in United States that the interest rates will remain the same for the first quarter of the year 2020. It means that for the calendar quarter beginning January 1, 2020, all taxpayers…
According to the latest Internal Revenue Service news release, employers along with other businesses in the United States that need to file wage statements and independent contractor forms still have a January 31 due date. If you are such a…
Final Regulations on Foreign Tax Credits; The Internal Revenue Service (IRS) issues final regulations and proposed regulations on new international provision, the base erosion and anti-abuse tax. The issued proposed and final regulations are a joint effort by the U.S. Treasury Department…
The Internal Revenue Service (IRS) updates per diem guidance and regulations for business travelers as well as their employers in the United States. The amendments are made as a result of the Tax Cuts and Jobs Act (TCJA). The new…
Do I Have To Pay Tax When Someone Gives Me Gift? As the taxation season is arriving, everybody is perplexed about their accountability to the Internal Revenue Service (IRS). Apart from the well-know local, state and federal taxes in the…
Cant afford tax bills, what should and what can you do; Received a higher tax bill from the IRS? You are not the only one or the first person who is having anxiety because of a high tax bill in…
Large Gifts Now Won’t Harm IRS says; The Internal Revenue Service (IRS) and the Treasury Department confirms that the individuals can keep estate tax benefits after the year 2025 as per the tax break for large gifts in the United…
Tax Counseling for the Elderly Grants; The Internal Revenue Service (IRS) announces tax counseling regarding elderly grants for the year 2020 in the United States. Recently, the IRS awarded over $9.8 million in Tax Counseling for the Elderly (TCE) grants…
The life of any person can change, no doubt, in a dramatic way if he/she wins a lottery in the United States. Such a financial rainfall of dollars can change a person’s life in second with the ultimate ease to…