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Tag Archives: tax

Treasury Dept Announces New Series I Bond Rates

The U.S. Department of the Treasury this past Tuesday released an announcement that Series I bonds will now be paying 6.89% annual interest through April of 2023, down from the previous rate of 9.62% that had been offered since May. … Continue reading

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IRS Adds 4,000 Employees to Assist With Next Tax Season

The Internal Revenue Service is already making headway on its initiative to hire add an additional 10,000 employees. So far, the IRS has hired 4,000 new workers that will serve as customer service representatives, this is part of the IRS’s … Continue reading

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DSJ Announces Bifurcation

Demasco, Sena & Jahelka LLP Announces Bifurcation of Firm

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New York’s Tax Revenue Higher than Anticipated

According to New York State’s Comptroller Tom DiNapoli, New York has raked in roughly $2.5 billion in tax revenue during the first 6 months of the fiscal year. This is a much higher number than the state previously forecasted. New … Continue reading

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The Migration Of High Net Worth Individuals – Moving To Low-Tax States

For quite some time, there has been an argument on whether people with a high net worth move to states with lower taxes, specifically for the lower taxes. According to a new report that was recently published by the Tax … Continue reading

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Taxing Cow Farts to Combat Climate Change

Last week, the New Zealand Government proposed a tax on farm animals’ greenhouse gas emissions. This is part of New Zealand’s effort to reduce the pollution of these animals, which is ultimately contributing to climate change.… Continue reading

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Kim Kardashian Ordered to Pay $1.26 million to the SEC After Crypto Touting Allegations

Celebrity Kim Kardashian has settled to pay approximately $1.3 million to the Security Exchange Commission(SEC) after allegations that she touted a cryptocurrency token on social media without disclosing that she was paid for this promotion. This is against The United … Continue reading

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IRS Extends Time to Fix Up R&D Tax Credit Claims

For companies and tax professionals alike, the IRS is granting a one-year extension to fix up their claims for the research and development tax credit. On Friday, the agency announced an extra year extension through Jan. 10, 2024, the transition … Continue reading

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3 Things To Consider Doing Before The Tax Extension Filing Deadline

It is almost that time again! In a little under a month, almost 19 million Americans who asked for extensions on their 2021 tax returns will need to file. There are a few crucial actions these taxpayers need to take … Continue reading

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Victims Of Hurricane Fiona Qualify For Tax Relief Throughout Puerto Rico

Earlier this week, a category 4 hurricane charged up the Caribbean coast devasting all 78 of Puerto Rico’s Municipalities and leaving the entire island without power. The IRS is offering relief which includes the suspension of various federal individual and … Continue reading

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