GREENVILLE, S.C. (FOX Carolina) – Greenville County voters have an important decision to make on their ballots, do you want the county to impose a one-percent sales tax to fix roads? Councilors first began discussing the penny sales tax a year ago and now the decision is in your hands. Out of the 46 counties
Trump is considering scrapping income taxes entirely. The former president has frequently expressed admiration for a time in U.S. history when there was no income tax, and the government was funded through tariffs. “It had all tariffs — it didn’t have an income tax,” Trump told The New York Times during a campaign event at
In an ever-changing world of complex tax regulations, tailoring a tax strategy for your business and personal tax situation requires acute attention to detail and a deep knowledge of the rules that guide the construction industry. Contractors play in one of the most unique and complex areas of accounting and taxation. Working closely with an
Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely. During a Fox News segment on Monday, Mr. Trump took questions at a barbershop in the Bronx.
The IRS finalized rules for the advanced manufacturing production tax credit Thursday detailing what qualifies for the credit. The regulations ([REG-107423-23, RIN 1545-BQ85) finalize proposed rules issued in December 2023 and provide additional details on credit amounts and what qualifies for the credit under Section 45X. The tax credit—one of many the Treasury and IRS
Artificial intelligence is becoming a bigger part of tax practice and policy every day. The Big Four are spending billions of dollars on AI models, and even mid-tier accounting firms seem willing to at least tread into generative AI transformation, albeit slowly. Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Megaphone, or
LAS VEGAS, Nev. (FOX5) – Diapers and incontinence products are a necessity for hundreds of thousands of Nevada families. Question 5 asks voters to amend the Sales and Use Tax Act of 1955 to exclude diapers. It‘s passage would lower the cost of these essential items but would also lower the state’s sales tax income.
PICKENS COUNTY, S.C. (FOX Carolina) – Pickens County Council announced a special funding opportunity for non-profit organizations that market the county as a whole. The funds are available through the 30% fund of Accommodations Tax collected on behalf of Pickens County from overnight stays. Officials said to be eligible for funding, an organization must be
The Department of the Treasury and the Internal Revenue Service announced on Oct. 22 that tax-exempt organizations have been granted a filing exception when it comes to Form 4626, Alternative Minimum Tax – Corporations PDF, for tax year 2023. The Inflation Reduction Act of 2022 created an alternative minimum tax for corporations – a 15% minimum tax
POTSDAM, New York (WWNY) – If you need help with your taxes, the IRS is set up in Potsdam this week. The Internal Revenue Service has employees at the Potsdam Town Hall to help folks in person with tax questions. The workshops were held on Tuesday and Wednesday, with one more planned for Thursday between