Current News
The Chairman’s Report November 25, 2022
FROM ALL OF US AT AMERICANS FOR FAIR TAXATION!
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Tax burden may rise for some seniors as Social Security benefits increase next year
It seems like such good news —Social Security benefits are going up 8.7% next year, thanks to inflation. But for a lot of people, their tax bill could go up, too. Read More.
Missouri Business Tax Climate Remains Among Best in the Nation
Missouri steadily remains one of the best overall states for business taxes in the country – and a top contender in the Midwest – earning a spot in the top 15 states for the fourth consecutive year, according to Tax Foundation's 2023 State Business Tax Index.
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Tax filing websites have been sending users’ financial information to Facebook
Major tax filing services such as H&R Block, TaxAct, and TaxSlayer have been quietly transmitting sensitive financial information to Facebook when Americans file their taxes online, The Markup has learned. Read More.
It’s been a rough year for crypto — but investors still may have a tax bill. Here’s how to prepare
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. Read More.
City proposes $28.6M budget with no tax increase
The City of Williamsport presented a $28.6 million proposed 2023 zero-tax-increase budget during a City Council work session on Wednesday. Read More.
Are you missing out on this available tax break for homeowners
For those who have owned property for more than a year, you’ve been impacted by property taxes. Even though there is no state property tax in Texas, there is a locally assessed and locally administered property tax. Read More.
Washington Capital Gains tax is Income tax, not Sales tax, says IRS Expert
Washington state’s capital gains tax is an income tax, not a sales tax, according to Steven Hankin, former managing attorney in the Office of Chief Counsel of the IRS. His opinion adds weight to the argument that the tax is unconstitutional, a matter the Washington Supreme Court will consider next year. Read More.
The Grassroots Corner November 21, 2022
The Grassroots Corner - Week Beginning 11/21/22: “Happy Thanksgiving” Read More.
The Chairman’s Report November 18, 2022
In the weeks and even months prior to election day, as well as on Tuesday, November 8, 2022, Americans went to the polls and exercised their precious right to vote in our midterm elections.
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Ann Arbor voters approve climate-action tax proposal with 71% support
Ann Arbor is about to get super serious about doing its part to tackle climate change. Read More.
Latest Crypto Exchange Bankruptcy Spurs Tax Confusion
As another major cryptocurrency trading platform succumbs to market instability and files for bankruptcy in what has been a cataclysmic year for the industry, questions loom surrounding the tax implications for affected stakeholders. Read More.
Business owners have an IRS payment coming due well before April federal income tax deadline
New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. Read More.
Federal government sets record for October tax collections; spending spigot still flowing
The federal government set a record for tax collections in October, the first month of the fiscal year, by collecting about $318.5 billion, according to the Treasury.
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As a key deadline looms to claim 2021 tax credits, Republicans complain of ‘suspicious timing’ of IRS letters
Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars — but some politicians aren’t happy the IRS just reminded Americans about the cash. Read More.
