Taxes

The IRS may find some methods more effective than others when it comes to tax compliance, UD research indicates. Credit: Shutterstock Government officials can do the math and figure out how much taxation they need to cover everything from military defense to bridges, education and Medicare. The snag, as it's been for millennia, comes when they try to get people to actually pay those taxes.…

Florida Gov. Ron DeSantis gives remarks at the Heritage Foundation's 50th Anniversary Leadership Summit at the Gaylord National Resort & Convention Center on April 21, 2023 in National Harbor, Maryland.Anna Moneymaker | Getty ImagesFlorida Gov. Ron DeSantis is slated to launch his presidential campaign Wednesday evening, putting his blend of pro-business conservativism and culture-war populism to the test at the national level.DeSantis, 44, is set to announce his bid for the Republican presidential nomination on…

Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come.  Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender…

Not much time may be left for Boston Market fans who want to get a fix of chicken carver sandwiches, rotisserie ribs or mashed potatoes at the once-popular fast-casual chain that has been based in Golden for nearly three decades. Boston Market is down to three locations in Colorado — Westminster, Aurora and Colorado Springs — and its owner, Engage Brands, has let a big stack of bills pile up from its landlords, vendors, employees and even the state of Colorado. Last week, the Colorado Department of Revenue posted big…

Billionaire Harlan Crow took Clarence Thomas on lavish trips and more, and that’s shining a spotlight on U.S. gift taxes for everyone. ‘It’s not a gift, it’s a party,’ one tax pro says. Billionaire Harlan Crow took Clarence Thomas on lavish trips and more, and that’s shining a spotlight on U.S. gift taxes for everyone. ‘It’s not a gift, it’s a party,’ one tax pro says. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

Dave Walters of Orange County, California, stands by his newly leased Hyundai Ioniq 5 electric vehicle.Provided by Dave WaltersFed up with high gas prices and enticed by federal tax credits, Dave Walters decided he wanted an all-electric Hyundai Ioniq 5 for his next vehicle.The Orange County, California, resident initially thought about purchasing a used model, until he learned he could lease the vehicle and take advantage of a key loophole under the Inflation Reduction Act.Buying a used Ioniq, which is produced in South…

Italy must be cautious about taxing web companies more heavily as it risks retaliation from the United States, Deputy Economy Minister Maurizio Leo said on Tuesday.A tax on digital companies including US tech giants has been effective since 2020 and is worth some 300 million euros ($329 million) per year. Under the scheme, companies such as Meta Platforms Inc, Google and Amazon are due to pay a 3% levy on revenues stemming from internet transactions. "We cannot go beyond that," Leo told a parliamentary hearing."Other…

WASHINGTON—Republicans finally found a tax increase they can support.  The party, united for decades around the view that net tax increases are unacceptable, on Wednesday advanced debt-ceiling legislation that would raise taxes by more than $300 billion over a decade, according to official congressional estimates.  WASHINGTON—Republicans finally found a tax increase they can support.  The party, united for decades around the view that net tax increases are unacceptable, on…

Beyoncé filed a petition last week challenging an IRS claim that she owes $2.7 million in unpaid taxes and penalties. According to the Notice of Deficiency, obtained by Forbes, Beyoncé owes $805,850 for 2018, along with $161,170 in penalties. She’s also responsible for $1,442,747 in 2019, as well as $288,549.40 in penalties.The Renaissance artist argues the IRS overlooked millions of dollars in charitable donations over the course of those two years, including an $868,766 contribution to an undisclosed charitable…

The original Denver location where the Quiznos sandwich chain was born is now in the hands of the city for unpaid taxes. On Monday afternoon, several cars sat in the parking lot of the sandwich shop at 1275 Grant St., but the entrance was locked, with a sign in the window declaring a tax seizure. Documents addressed to Dominik Mendoza of Hobbs, N.M., were taped to the door in early April, estimating a total of more than $12,000 due for unpaid sales tax, according to the Department of Finance’s Treasury Division. The due…