Is Tax Avoidance Ethical? Asking on Behalf of a few Billionaire Friends
By Erin Bass, The Conversation
Some of the U.S.‘s wealthiest individuals reportedly pay just a tiny fraction of the billions of dollars added annually …
You May be Paying a Higher Tax Rate Than a Billionaire
A new ProPublica analysis of a trove of IRS documents revealed that the richest 25 Americans pay a tiny fraction of their wealth in taxes. But even if you use the most conventional yardstick — income — the wealthiest still pay low rates.
By Paul Kiel, Jeff Ernsthausen and Jesse Eisinger, ProPublica
The very richest Americans win at the tax game no matter which measure you use. …
Emergency aid granted to students due to COVID is not taxable
By IRS
WASHINGTON — The Internal Revenue Service issued frequently asked questions today on how students and higher education institutions should report pandemic-related emergency …
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 …
Why The Economic Impact Payment Amount Could Be Different Than Anticipated
United States Treasury Economic Impact Payment stimulus check for Coronavirus COVID-19 relief. Close up with check sticking out of envelope. – LOS ANGELES, April …
5 Ways to Minimize Your Tax Liability
Many taxpayers forgo worthwhile tax credits and deductions because they have neglected to keep proper receipts or records.
By FALAW
If you want to save money on your tax bill, consider using one or more of these tax-saving strategies that reduce your …