With growing confidence that they could win the White House and Senate in 2020 and maintain their House majority in 2020, Democrats are devising ideas that could raise trillions of dollars from the wealthy without the technical and constitutional challenges of Warren’s wealth tax, which Bernie Sanders, her rival on the party’s left flank, has also embraced.
The new nexus rules seeks to bridge the gap between the current international tax rules (based around physical presence/permanent establishment concepts) and the highly digitized business models that enable businesses to sell remotely without creating a taxable presence in the market jurisdiction (under current rules).
Monday Sept 16 - Tax Deadline for LLCs and S-Corps who filed an extension! ⏰ 🧾🗳📑👨💻👩🏾💼
The IRS in 2014 classified all virtual currencies as property for tax purposes, meaning the assets -- much like a home -- can be sold at a profit and trigger tax implications. Taxpayers who haven’t been notified by the IRS and may have underpaid or avoided taxes for cryptocurrency transactions still could seek some relief by coming forward before the IRS finds them.
The idea is that more time in the market can potentially lead to higher returns over time. This is especially true for a Roth IRA, an investment account that is funded with money that has already been taxed, because its main benefit to investors is tax-free growth.
Rather than a secular upward shift in workers’ compensation, private-sector bonus payments fell substantially in the first quarter of 2019, continuing a trend that began in the fourth quarter of last year. this is the classic pattern of a tax-motivated timing shift.
Do you consider not paying taxes “sport?” The President of the United States says he does. And that raises serious concerns about the stability of our voluntary tax system.
As the Venezuelan government clamps down on aid coming into the country, donors have turned to cryptocurrencies.