Aug 14, 2024 | News to Note
From USA Today – By Maya Marchel Hoff – The conversation around eliminating taxes on tips for service and hospitality workers is being reignited after former President Donald Trump and Vice President Kamala Harris have come out in support of it on the campaign trail....
Jul 31, 2024 | News to Note
A Report from the Institue on Taxations and Economic Policy – July 30, 2024 – Key findings: Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022. Most of that amount, $59.4 billion, was paid to the federal government while the...
Jul 24, 2024 | News to Note
From USA Today – By Paul Davidson – Vice President Kamala Harris would largely adopt President Biden’s economic blueprint on major issues such as taxes, trade and immigration if she becomes the Democratic presidential nominee, despite her previous views that leaned...
Jul 10, 2024 | News to Note
From CNBC – By Kate Dore – A Roth conversion ladder is a multiyear strategy to transfer pretax funds to a Roth IRA to kickstart future tax-free growth. You’ll owe upfront levies on the converted balance, but there is no 10% early withdrawal penalty after five...
Jul 3, 2024 | News to Note
The Financial Crimes Enforcement Network, the division of the US Treasury Department responsible for collecting new Beneficial Ownership Information reports from many companies in the United States, has issued an alert about potential scams involving the new...
Jun 26, 2024 | News to Note
From the AS USA/MSN — By Oliver Povey — The US Department of the Treasury and the Internal Revenue Service (IRS) have announced a new regulatory initiative to close a major tax loophole exploited by large, complex partnerships. This initiative is part of ongoing...
