Tag Archives: tax
Florida Lawmakers Working to Reverse a Law Stripping Disney’s Special Tax
In April of this year, Florida’s House of Representatives stripped Disney of its special tax status. As it stood before, Disney’s theme park in Orlando, Florida, was taxed under different rules than the other theme parks throughout the state. They … Continue reading
IRS Says Your Tax Refund May Be Smaller in 2023
If you are expecting a tax refund for the 2023 tax year, it may be smaller than you originally hoped for, according to the IRS. Usually, you will receive a federal refund if you’ve overpaid yearly taxes or withheld … Continue reading
IRS Pushing to Close Annual Tax Gap
As part of Congress’s additional $80 billion in funding over 10 years (which was included in the Inflation Reduction Act), the Government Accountability Office is pushing the Internal Revenue Service to do more to close the $428 billion annual … Continue reading
Lawmakers in New York Seeking Gas Tax Holiday Extension
Over the summer, New York Governor Kathy Hochul and state lawmakers agreed to a suspension of New York State’s gas tax amid the rapidly increasing prices. This holiday saved residents about 17 cents per gallon at the time. However, with … Continue reading
Global Corporate Tax Rates Stabilizing – Faced Decades of Decline
According to a recent report that was released by the Organization for Economic Co-operation and Development (OECD), Corporate tax rates are beginning to stabilize after decades of being on the decline. For years upon years, we have seen governments … Continue reading
Behind the FTX Collapse, U.S Prosecutors Taking Aim
FTX is an online trading company that allows you to buy, sell, and store Bitcoin, Ethereum, and many other cryptocurrencies and digital assets. The company’s offshore status and its willingness to keep American traders off its Bahama-based exchange successfully shielded … Continue reading
Crypto Crash; Investors May Need to Act Fast to Reduce Tax Bill
It has been a bad week for cryptocurrencies following the collapse of the offshore exchange FTX. The recent decline in bitcoin in 2022 must-have caused many crypto investors to give up on digital assets, at least for the time being. … Continue reading
Didn’t Receive the 2022 New York Stimulus Check? Here’s Why
Almost 2 million New York residents were eligible for a relief check from the state’s Department of Taxation and Finance in October, however, many residents are still waiting for their checks. The state began mailing the $270 checks on October … Continue reading
Tax the Rich Movement – Fails in California But Passes in Massachusetts
A measure was recently voted through in Massachusetts that is ultimately a measure that raises taxes on the States’ millionaires. There was an intense duel between the state’s unions and wealthy individuals, but the measure to raise the taxes on … Continue reading
New York Surpasses Half Billion in Mobile Sports Wagering Tax Revenue
New York Gov. Kathy Hochul recently announced that New York State has collected $542 million in tax revenue since the state began allowing online wagering in early January. These numbers are more than any state in the nation during that … Continue reading