Australia’s state and federal governments appear to have won a windfall as oil and gas companies are set to pay $16 billion (US$10.7 billion) in tax. This comes just weeks before Federal Treasurer Jim Chalmers delivers federal Labor’s second budget. Corporate income tax is set to boost the budget by $8.8 billion, up from $2…
Australian Gas Companies Set to Pay $16 Billion in Tax, Almost Triple From Previous Year
Freelancers Can Prepare Now for New 2023 Tax Reporting
NEW YORK—Taxpayers who have filed their 2022 taxes by Tuesday’s deadline may be sighing with relief. But there’s always next year. If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2023 tax year. The law will not…
House Small Business Committee Hearing on ‘How Tax Hikes Crush the Competitiveness of Small Businesses’
April 18, 2023
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The House Committee on Small Business holds a hearing on Paying Their Fair Share: How Tax Hikes Crush the Competitiveness of Small Business at 2:00 p.m. ET on April 18. …
LIVE NOW: House Small Business Committee Hearing on ‘How Tax Hikes Crush the Competitiveness of Small Businesses’
April 18, 2023
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congresscrushEpochTVEpochTV LiveLive VideosPoliticssmall businesstaxtax hikeU.S. HouseUSUS NewsVideo
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The House Committee on Small Business holds a hearing on Paying Their Fair Share: How Tax Hikes Crush the Competitiveness of Small Business at 2:00 p.m. ET on April 18. …
Positive and Negative Aspects of Filing a Tax Extension
Filling out all your tax forms can be a time-consuming task. If you are short on time, you have the option of filing a tax extension. Once you do, it will give you another six months (until October 16) to get accurate paperwork to the Internal Revenue Service (IRS). Asking for a tax return extension…
Will You Face a Tax Bomb in Retirement?
Good savers, beware. The money you’re stuffing into your 401(k) and other retirement accounts has to be withdrawn someday. If you’re not strategic about how you save, you could face unnecessarily high tax bills and inflated Medicare premiums in retirement—plus, you could be saddling your heirs with higher taxes. The earlier you start defusing this…
Haven’t Filed Taxes Yet? Don’t Panic. Here’s What to Know
NEW YORK—The deadline to file your taxes is Tuesday, which is just around the corner. Filing U.S. tax returns—especially for the first time—can seem like a daunting task, but there are steps you can take to make it less stressful. Whether you do your taxes yourself, go to a tax clinic or hire a professional,…
Taxing Your Retirement Income
April 13, 2023
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You’ve developed a retirement plan. And in developing this plan, you’ve determined what income you’ll need to meet expenses. But have you accounted for taxes? During your working years, your employer withdrew the taxes from your check. But now, since your money may come from various sources, you’ll need to make sure those taxes are…
IRS Says Time Running Out to Claim $1.5 Billion in Unclaimed Refunds for Tax Year 2019
The Internal Revenue Service (IRS) announced Wednesday that over a million Americans have unclaimed tax refunds for the tax year 2019 and face a looming deadline to claim a total of $1.5 billion before it becomes government property. The IRS said in a press release that that nearly 1.5 million people across the United States…
How to File a Free Federal Tax Extension
Most people should have their individual tax forms and payments sent to the Internal Revenue Service (IRS) on April 18 of this year. There is not much time left for tax preparation, but filing a tax extension could buy you more to get your paperwork together. You can file Form 4868 for free to get…
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