Taxes

Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.

Boast.ai, which helps businesses get research and development (R&D) tax credits, on Wednesday announced a $100 million credit facility from Brevet Capital.

The IRS is urging taxpayers to file their returns as quickly as possible this year, which is normally sound advice, unless you fall into a specific group of individuals who may find themselves out of a stimulus check.

Americans who have not received their coronavirus stimulus check payments, or who received the incorrect amount, have an opportunity to claim the missing money now that the 2020 tax season is officially underway. 

Millions of out-of-work Americans who collected unemployment benefits last year as a result of the coronavirus pandemic could be in for an unpleasant surprise with tax season officially open. 

Tax season this year will be different for many filers amid the ongoing coronavirus pandemic – upending everything from when individuals can file to who will file this year.

Montana Attorney General Austin Knudsen on leading the effort to reverse Biden’s Keystone XL pipeline decision.

Tax season officially begins on Friday and it is shaping up to be another hectic year for taxpayers, preparers and the IRS.

Chief financial officer of Florida Jimmy Patronis explains how Disney will benefit from moving some of its jobs to the Sunshine State .

Amazon CEO Jeff Bezos, the richest man in the world, would owe close to $2 billion a year in state income taxes under a proposed wealth tax in Washington.

FOX Business anchor Larry Kudrow slammed New York on Wednesday for proposing a “phony policy” that could cause the NYSE to leave for another state with better tax incentives.

Many self-employed individuals are likely eligible for the benefit but there are parameters.

The CARES Act provided for a temporary above-the-line deduction of up to $300 for people who made cash donations to charity in 2020 and also plan to claim the standard deduction.

“Big Money Energy” author Ryan Serhant believes taxes are driving wealth out of states like New York and into states like Florida and warned that government should pay attention to the trend.

State revenues fell 1.6% in fiscal year 2020 and were 3.4% lower than projected before the pandemic.