The "free file" program is controversial because it's run by the same private companies that make money on tax preparation.
There are many mixed signals on China's economy in 2019.
It's been a year since Congress passed the $1.5 trillion tax overhaul. And there is still a lot accountants and lawyers don't understand about it.
Philadelphia City Council is expected to vote this week on what some members see as a potential solution to the city’s affordable housing problem — a 1 percent tax that could fund rental construction and help qualifying home buyers make down payments on houses. But the proposal is controversial. Click the audio player above to hear […]
This week, the Seattle City Council unanimously voted in what’s commonly known as a “headcount tax.” Businesses that bring in more than $20 million in annual revenue will have to pay a $275 tax for each of their full-time employees. It’s a lower fee than what many were hoping for, but there are still plenty […]
The Internal Revenue Service is trying to help tax filers prepare for next year. In the light of the recent tax overhaul, it’s launching its new withholding calculator that will help people check if they are having too much or too little held back from their paychecks for taxes. Click the audio player above for […]
Now that the $1.5 trillion tax overhaul has been signed into law, the real fun begins for accountants. They’re scrambling to understand the legislation, which runs more than 1,000 pages and includes fundamental changes to the corporate tax rate, the standard deduction and tax brackets for individual filers. CPAs and tax lawyers around the nation […]
Most of the people affected are high income earners.
Marketplace Weekend is taking your questions about the House and Senate tax bills.
President Donald Trump has a new trade decision on his plate: whether to impose tariffs on imported washing machines. The International Trade Commission has recommended a 50 percent tax on some foreign manufacturers. This is the type of case with huge political leeway for the president, and other industries seeking protection are watching closely. Click […]