TaxMatters

US Taxes, US Taxpayer | #CPA #TaxX #CFO

[TaxMatters @TaxMatters3]

June 16th deadline for
quarterly taxes

[IRS Small Biz @IRSsmallbiz]

#IRS reminder for small business owners, freelancers and the self-employed: Quarterly estimated tax payments are due June 16. Stay in the know: https://t.co/lt8kGq2YQB

[KPMG US Tax @KPMGUS_Tax]

The recently passed budget reconciliation package, introduced the controversial section 899 intended to retaliate against other countries’ extraterritorial and discriminatory taxes. More in the Inside International Tax podcast:
https://t.co/xCGlOntyyc

[Parker Tax Pro Library @ParkerTax]

Ninth Circuit: Discharge of Debt Does Not Presumptively Render It Worthless

[Tax Foundation @TaxFoundation]

In the United States, taxes are the single most expensive ingredient in beer.

More here: https://t.co/ESEU1TZYjU

[Bloomberg Tax @tax]

The Senate confirmed former Rep. Billy Long (R-Mo.) to serve as IRS commissioner, becoming the sixth leader to hold the job this year. https://t.co/CTvQzTRKff

[Tax Policy Center @TaxPolicyCenter]

President Trump has unveiled an array of new tariffs. As TPC continues to track these announcements, this page will provide descriptive information and estimates of how tariffs will affect federal revenues, households, and the economy. https://t.co/uUpeJMhxXT

[IRSnews @IRSnews]

TWO DAYS remain. The law provides you a three-year window to claim a refund. This is your reminder that for 2021 tax returns, the #IRS deadline is coming up April 15, 2025: https://t.co/ddNOlDdMTu

[IRSnews @IRSnews]

ENDING SOON: Friendly #IRS reminder -- this year’s tax deadline falls on April 15 for most people. Check out the help available to you at https://t.co/K6B0o5iM5E

[IRStaxsecurity @IRStaxsecurity]

The #IRS urges you to check with a trusted #TaxPro before filing any questionable tax claims circulating on social media. This includes the “Self-Employed Tax Credit” scheme. Learn more: https://t.co/SUyzJgBvOf

[Tax Foundation @TaxFoundation]

Property taxes are the primary tool for financing local governments, comprising over 27 percent of total state and local tax collections in the US.

Local governments rely heavily on property taxes to fund schools, roads, police departments, fire and emergency medical services, and other services associated with residency and property ownership.

The property tax won’t win any popularity contests with homeowners, but it still has an important role to play in public finance.

Property taxes are largely rooted in the benefit principle of taxation and tend to be more economically efficient than alternative sources of tax revenue.

Read more: https://t.co/jTVGFxGcqy

[Tax Foundation @TaxFoundation]

The top 5 states experiencing out-migration are:

1. California
2. New York
3. Illinois
4. Massachusetts
5. New Jersey

Explore the data: https://t.co/zMugHNA4ST

[Scott Hodge @scottahodge]

A record 22 banks were bought by tax-exempt credit unions in 2024. Congress should investigate how much federal and state tax revenues were lost as a result of these transactions.

Taxing Credit Unions is Fiscally Responsible https://t.co/4HeIIyK5pT

[IRStaxsecurity @IRStaxsecurity]

Donating to a charity? The #IRS encourages you to use our online search feature to help you verify legitimate charities before you give. Visit: https://t.co/jeEpIsDvN9

[Tax Policy Center @TaxPolicyCenter]

TPC estimates show that extending the 2017 TCJA would lower taxes by about $2,100 for the average household. But higher income households would receive larger average tax cuts, with taxpayers in the top 20% receiving 65% of the net tax cuts. https://t.co/SlxgSe9Sea

[Tax Foundation @TaxFoundation]

📍 The five states with the highest sales tax rates:

1. Louisiana (10.12%)
2. Tennessee (9.56%)
3. Arkansas (9.46%)
4. Washington (9.43%)
5. Alabama (9.43%)

See how your state compares: https://t.co/Z1Kk9aFfa4

[Tax Foundation @TaxFoundation]

🌎 2024 International Tax Competitiveness Index

See Full Rankings: https://t.co/H8TQmYy7dp

[Tax Foundation @TaxFoundation]

Trump’s tariffs will increase federal tax revenues in 2025 by $258.4B, or 0.85% of GDP, making the tariffs the largest tax hike in 43 years.

The tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama.

[IRSnews @IRSnews]

A fraudulent campaign targets cellphone users with scam messages that look like they're coming from the #IRS. Do not fall for this scheme: https://t.co/nWuR8BeLxP

[TaxMatters @TaxMatters3]

@JDVanceNewsX Third term?

[TaxMatters @TaxMatters3]

Big interest income in 2024 leads to taxes in April. Prepare for tax season @CNBC https://t.co/jL79C86oMP