The IRS doesn’t just take money from American taxpayers. Sometimes the agency gives it back to whistleblowers. Well, in theory they do.
The IRS pays monetary awards to eligible people–between 15 and 30 percent of the money collected using the information provided. This sounds simple, put this way, but it is not. Awards of cash only come after all appeals are done. The process and awards happen...
Only $10,000 Of State And Local Business Taxes Can Be Deducted On A Federal Return–With A Notable Exception
In some cases you can deduct your state and local business taxes on your Federal return but not always. There is a catch. At the moment the most you can deduct on your Federal return is $10,000. There is also a catch to the catch; there is a way to deduct more. This...
Arizona Offers A Number Of Tax Credits For High Quality Jobs, Facilities And Computer Data Facilities
States around the USA are competing over tax breaks for businesses that bring valuable assets with them. To be sure jobs are valuable but not all jobs are created equally. States have begun offering better tax incentives for better jobs. Likewise, if a company brings...
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