Finance2017-09-05T09:34:18-08:00
1806, 2019

IRS issues global intangible low-taxed income news

By |June 18th, 2019|Finance|Comments Off on IRS issues global intangible low-taxed income news

The Treasury Department and the Internal Revenue Service recently issued final and proposed regulations concerning global intangible low-taxed income under section 951A, the foreign tax credit, the treatment of domestic partnerships for purposes of determining the subpart F income of a partner, and the treatment of income of a controlled [...]

1306, 2019

$38 billion decrease in credit card debt in Q1 + results by city

By |June 13th, 2019|Finance|Comments Off on $38 billion decrease in credit card debt in Q1 + results by city

Personal-finance website WalletHub released its latest Credit Card Debt Study, which found that consumers paid off $38 billion of their roughly $1 trillion in credit card debt during the first quarter of 2019. Given that this year’s first-quarter paydown was smaller than last year’s, WalletHub now projects a $70 billion [...]

1106, 2019

June 17 is next deadline for those who pay estimated taxes

By |June 11th, 2019|Finance|Comments Off on June 17 is next deadline for those who pay estimated taxes

The Internal Revenue Service reminds taxpayers who pay estimated taxes Monday, June 17, is the deadline for the second estimated tax payment for 2019. Examples of those who may need to pay quarterly estimated taxes include self-employed individuals, retirees, investors, and some individuals involved in the sharing economy, among others. [...]

406, 2019

Taxpayers should include tax plans in wedding plans

By |June 4th, 2019|Finance|Comments Off on Taxpayers should include tax plans in wedding plans

Couples who are getting married this year already know there are plenty of big and small details when planning a wedding. Along with the dress, cake, guest list and gift registry, their first tax return as a married couple should also be on their checklist. The IRS has tips and [...]

2805, 2019

Tax tips for teens working a summer job

By |May 28th, 2019|Finance|Comments Off on Tax tips for teens working a summer job

With summer around the corner, many students will turn their attention to making money by working a summer job. Whether it’s flipping burgers, waitressing, or filing documents, the IRS wants student workers to know some facts about their summer jobs and taxes. Not all the money they earn will make [...]

2105, 2019

IRS releases ‘Data Book’ for 2018 showcasing range of tax data

By |May 21st, 2019|Finance|Comments Off on IRS releases ‘Data Book’ for 2018 showcasing range of tax data

For those interested in stats and numbers the Internal Revenue Service has released its 2018 IRS Data Book which looks at agency's activities for the fiscal year. The 2018 IRS Data Book shows activities conducted by the IRS from Oct. 1, 2017, to Sept. 30, 2018, and includes information about [...]