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As a general rule, the cost of commercial real estate improvements is recovered over a painfully long period of 39 years via straight-line depreciation only.
April 22 -
The Tax Foundation has released a report on proposals to integrate the corporate and individual income tax codes and how they might work in the context of congressional tax reform.
April 21 -
National tax preparation chains are exploiting the working poor by forcing them to spend a significant portion of the Earned Income Tax Credit just to pay for filing their taxes, according to a new report, and H&R Block is firing back.
April 14 -
Large, profitable American corporations paid only 14 percent of their profits in federal income taxes on average from 2008 through 2012, and approximately one-fifth of them paid nothing at all in each of those years, according to a new government report commissioned by Sen. Bernie Sanders.
April 13 -
Among the issues that are keeping tax executives up at night are anti-inversion rules that dont address the root cause: an anti-competitive U.S. tax system.
April 7 -
Tax Freedom Day, the day when the nation as a whole has earned enough to pay the federal, state, and local tax bill for year, will arrive 114 days into the year on April 24, according to an annual report from the Tax Foundation.
April 6 -
A lot of Americans feel like they're getting cheated at tax time. In a Pew Research Center poll last year, 61 percent said it bothered them "a lot" that "some wealthy people don't pay their fair share."
April 6 -
The Tax Foundation, the nonpartisan think tank devoted to tax research, is not a place you would normally associate with humor, but they do make an exception for April Fools' Day.
April 1 -
Nearly half of American tax filers are worried about tax websites having problems on tax day, according to a new survey.
March 30 -
Its March and the college basketball tournament season is upon us. It is estimated that over $12 billion will be wagered on the NCAA tournament (compared with $10 billion on the Super Bowl).
March 30 -
Thomson Reuters has integrated its ONESOURCE Indirect Tax sales tax technology with NetSuites cloud-based enterprise resource planning system.
March 30 -
The odds of being criminally prosecuted by the Internal Revenue Service have fallen as a result of budget cuts at the hands of Congress, decreasing from 13.3 per million population in fiscal year 2013 to 9.2 per million in FY 2015, according to new research.
March 22 -
Syracuse Universitys Transactional Records Access Clearinghouse has updated its Taxpayer Returns online tool with data through filing year 2014.
March 18 -
Although a recent ABC News/Washington Post Poll found just 6 percent of voters who lean Republican and 4 percent of those who lean Democrat rank taxes as the most important issue impacting their vote, one in five public company tax directors feel differently.
March 17 -
The Internal Revenue Services audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis.
March 16 -
Bloomberg BNA has upgraded its BNA State Tax Analyzer with a new NOL Manager function that predicts and analyzes the financial impact of state net operating losses on a businesss cash, effective tax rate and earnings per share.
March 15 -
WalletHub has released its annual report on the states with the highest and lowest tax rates in the country.
March 15 -
Many Americans are willing to delay receiving their tax refunds for up to two months if it would provide the IRS time to combat identity fraud, according to a new survey.
March 15 -
Florida Senator Marco Rubio notched a personal best for earnings in 2012 as he and his wife, Jeanette, recorded almost $930,000 in taxable incomehelped by $800,000 that a publisher paid for his best-selling autobiography.
March 10 -
The Tax Foundation has released an updated report on sales taxes throughout the states in 2016, indicating where the highest and lowest state and local sales tax rates are across the country.
March 9
