15 February 2023 SyCip Salazar Hernandez & Gatmaitan To print this article, all you need is to be registered or login on Mondaq.com. Does the Court of Tax Appeals have jurisdiction over a tax dispute involving solely two government agencies under the Executive Department? None. In The Department of Energy (“DOE”) v. […]
The IRS is warning that your tax refund could be ‘smaller’ in 2023 — here are the 2 big reasons why and what you should do about it What are you looking forward to in 2023? King Charles III’s coronation? The return of Succession and The Mandalorian? If you answered “a juicy tax return,” we’ve
Generally speaking, if you’ve made any money this year, you have to pay or have already paid federal income tax. But depending on how much income you brought in, you might not have to file a federal tax return. In theory, filing a tax return is good for you, the taxpayer. It’s your way of
Do you need to file a federal tax return? See if your income qualifies Read More »
Gather up your W-2s and tax documents. You have about eight weeks left to get your taxes done and filed. First thing to know –you have a couple of extra days to get them done this year. The tax deadline is April 18. What’s special about tax year 2022? We’re back to the basics. John
Tax Tips: What to Know For 2022 Read More »
Black list Maine lobster at your peril, Whole Foods. Republican lawmakers unveiled a suite of bills Tuesday to protect Maine’s $1.7 billion lobster industry and punish those who would threaten it. The bills, some of which only have titles, would expand state control of coastal waters, fund the industry’s legal battle to overturn federal fishing
Maine Republicans to Whole Foods: Blacklist Maine lobster, lose state tax benefits Read More »
simpson33 / Getty Images/iStockphoto The only thing that may be more painstaking than trying to put together your tax return is trying to reach a representative at the IRS regarding any questions you may have. The Future of Finances: Gen Z & How They Relate to MoneyFind: 3 Ways Smart People Save Money When Filing
2023 Tax Tip: Get IRS Help Without Having To Wait on the Phone Read More »
The Moroccan Official Gazette Feb. 1 published Law Nos. 21.74, 21.101, 22.25, and 22.31, ratifying the: 1) air services agreement with Israel, signed Aug. 11, 2021; 2) road transport agreement with Chad, signed Dec. 10, 2021; 3) air services agreement with the Philippines, signed March 17, 2022; and 4) DTA with Comoros, signed March 31,
Question: My understanding is that if I contribute to an IRA, I may qualify for an additional tax credit along with a tax deduction. For 2022, I plan to contribute to a Traditional IRA. How does this credit work? Answer: In an effort to provide an incentive for low-income individuals to contribute to their retirement
Barry Dolowich, Tax Tips: Saver’s credit Read More »
Photo (c) Guvendemir – Getty Images Every taxpayer has a unique filing situation. Whether you work in the gig economy or need assistance with retirement plans, tax season can often be a confusing time for many taxpayers. While the Internal Revenue Service (IRS) has worked to release resources and tips throughout tax season, the latest
Did you travel for business? Here are tips to correctly writing trips off on your taxes Read More »
The estimated share of tax filers who took advantage of a free filing program has grown in recent years. Unfortunately, so has the number of those not using it, resulting in billions in unnecessary spending. For about 20 years the IRS has partnered with tax software providers, known as the Free File Alliance, to provide
Billions Spent on Tax Returns That Could Be Filed for Free – NerdWallet Read More »
