It's the most significant new tax law in a decade, but what does it mean for you? Big savings for millions of taxpayers, more if you have young children or attend college, a lot more if you're wealthy.
Search for What Will The Big New Tax Law Mean For You? on Bing
TBO Money, Tampa Tribune: Business
Fri, 12/17/2010 - 2:57pm
BING NEWS:
- New Social Security Tax Reforms Change Benefits in Two States
In a couple of cases, states have revamped taxes on Social Security benefits. These changes, effective as of January 1, could put more money in the pockets of older adults and other beneficiaries at a ...
01/4/2025 - 12:17 pm | View Link - How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
January is a big month for the letter R, with resolutions, resets and tax returns demanding our attention. While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too ...
01/4/2025 - 12:59 am | View Link - Here's the Easiest Way to Track a Paper Tax Refund Check
Track your paper refund check from the IRS to your mailbox with this one easy tool.
01/3/2025 - 9:15 pm | View Link - Map Shows 9 States Where Income Tax Is Cut For 2025
The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In 2013, only 9 states had a flat rate; in 2024, they had grown to 14; now ...
01/3/2025 - 10:45 am | View Link - Washington state Democrats accidentally email their 'radical' tax plan to entire Senate
Washington state Democrats appeared to have accidentally emailed their internal tax proposals and talking points to the full Evergreen State Senate, leading to outcry.
01/3/2025 - 6:03 am | View Link - More
- Salaries a BIG Offset
C corporations that elect S status are often subject to the built-in gains (BIG) tax under IRC § 1374. One of the aspects of the BIG tax that can be a trap for the unwary is the treatment of accounts receivable for cash-basis corporations.
12/29/2024 - 12:27 pm | View Website - Tax Changes are on Trump's 2025 To-Do List
With a president-elect bullish on lower taxes, and many federal tax provisions ending after 2025, the odds for a big tax package couldn’t be better. Donald Trump will move fast on tax changes.
12/28/2024 - 11:56 pm | View Website - The IRS just announced big tax changes for 2025
The IRS just dropped a raft of changes, big and small, to the U.S. tax code that could shift how much you owe — or save — in 2025.
12/28/2024 - 9:18 pm | View Website - What is Built-In Gains Tax and How is it Calculated?
Built-in gains (BIG) tax can apply when a C corp elects to become an S corp, and for a five-year period following the conversion, starting on the first day of the first tax year after making the S corp election.
12/28/2024 - 7:07 am | View Website - The built-in gains tax
The built-in gains (BIG) tax generally applies to C corporations that make an S corporation election, and it can be assessed during the five-year period beginning with the first day of the first tax year for which the S election is effective. The BIG tax is imposed at the highest corporate rate as specified in Sec. 11(b) (Sec. 1374(b)(1 ...
12/27/2024 - 10:02 pm | View Website - More
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