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Posts Tagged ‘taxes’

Don’t pay full price for tax software this season — it’s already on sale

02.19.2020 · Posted in Finance Articles, Technology Articles

Having to pay to do your taxes is a scam, but alas we don't really have a choice in the matter, do we? What we do have control over is when we purchase our tax software, which can result in us paying less than full price. A couple weeks ago we wrote ... ...

IRS erroneously considered Fortnite V-Bucks and Roblox Robux “virtual currencies” subject to taxation

The IRS removed language from their Web site that listed Fortnite V-Bucks and Roblox Robux as examples of convertible virtual currencies, like Bitcoin. They were included on a page about virtual currencies as they relate to a new question on IRS Form 1040 that asks whether the taxpayer, sold, exchanged, or acquired financial interest ...

For the first time ever, taxes on the 400 richest Americans were lower than taxes on everyone else

In 2018, for the first time in recorded US history, the 400 richest American households paid a lower rate of tax than any other group of American taxpayers: 23%, down from 70% in 1950 and 47% in 1980.

The data come from a new book, The Triumph of Injustice: How the Rich Dodge Taxes and ...

Federal judge opens path for NY Grand Jury to review Trump’s tax returns

Immediately after a Federal judge dismissed President Trump's attempt to block a Grand Jury from reviewing his taxes, his lawyers appealed.

CNN:

A federal judge on Monday dismissed President Donald Trump's effort to prevent his tax returns from being turned over to a New York grand jury.

The ruling raises the likelihood that Trump's tax returns will ...

India exempts startups from long-standing ‘angel tax’

India today addressed a long-standing challenge that has been affecting the country’s booming startup ecosystem. As part of a raft of measures to boost overall economic growth from a five-year low, Finance Minister Nirmala Sitharaman said New Delhi is exempting startups from Section 56(2) — a provision more popularly known as an “angel tax” in the local ...

Finally, a bipartisan issue: Accepting money from lobbyists to block free tax-filing software

04.09.2019 · Posted in Technology Articles

The House of Representatives passed a bill that should make for-profit tax-filing companies very happy.  The Taxpayer First Act is a piece of legislation that makes changes to how the IRS functions, including better infrastructure for customer s... ...

France’s tax on tech giants passes first vote

The lower house of the French parliament has voted in favor of the new tax on tech giants without any modification. Big tech companies that generate significant revenue in France will be taxed on their revenue generated in France. Economy Minister Bruno Le Maire has been lobbying other European countries so that big tech companies ...