Two big, related stories today:
- Taxing overseas profits will come up $50 billion short.
- A new health care bill will require $600 billion in new taxes.
Continue reading “One Tax Falls $50B Short, but a New $500B Tax is On The Way”
Tax news, personal finance, and more!
The IRS has announced an overhaul of their tax preparer regulations. This comes at a time when a tough economy makes scams more attractive. At the same time, the possibility of a safe income from preparing taxes has encouraged less qualified people to join the industry. The IRS’s attention to this issue makes sense, but there are more questions about their actual plan.
Continue reading “New Regulations Ahead: Will Your Taxes be Affected?”