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Professional Tax Help in New York: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. as of March 2021.

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Corporate Tax Filing Deadline 2021 and Year-end Tax Planning Tips

FusionCPA

It's that time of the year again where businesses are preparing their end-of-year tax. Corporate income tax is the third largest source of revenue for the federal government. While the amount collected for corporate income tax pales when compared to individual income tax or payroll tax, it still accounts for 1.1

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Direct vs. indirect tax: the differences

ThomsonReuters

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

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How Biden’s Proposed Tax Bill Will Affect Small Businesses

SingleTrackAccounting

According to the Tax Policy Center, the tax hikes would generate $2.4 trillion dollars between 2021 and 2030. We have been getting questions lately on how the new tax bill will affect small businesses. Corporate Tax Rate. The proposed corporate tax rate would see an increase from 21% to 28%.

Tax 52
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The Impact of the 2020 Election on Wealth and Taxes

KROST

Proposes taxing capital gains and dividends at same rate as ordinary income tax for taxpayers with over $1MM in income. Proposes to eliminate step up in basis for capital gains and tax all unearned capital gains at death. Consider deferring long term capital gains until 2021. Corporate Tax Rates.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

The tax rules and regulations U.S. companies will operate under in 2021 and beyond will be shaped in the coming months by Biden Administration priorities, the balance of power in the U.S. Adding to the complexity and uncertainty, tax authorities have routinely issued sub-regulatory guidance such as FAQ documents, Oaks said. “On