article thumbnail

Oklahoma Man Pleads Guilty to Employment Tax Scheme

CPA Practice

An Oklahoma man pleaded guilty yesterday to willfully failing to pay employment taxes withheld from his employees’ wages. in Adair, Oklahoma. Goldberg of the Justice Department’s Tax Division; and U.S. Johnson for the Northern District of Oklahoma made the announcement. According to court documents, Donald E.

article thumbnail

Betting on the Super Bowl? Don’t Forget About Taxes

CPA Practice

Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Gambling winnings tax If you are one of the millions to place a bet this year, you need to know that the IRS considers sports betting to be gambling. Usually, the payer (e.g.,

Gambling 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What's new in state sales and use taxes

TaxConnex

Oklahoma amended its definition of “marketplace facilitator” to include a person that facilitates not only retail sales of tangible personal property but all retail sales. The online portal for the Department of Revenue is currently used for individual income tax and business registrations and the state will provide further instructions?for

Sales 183
article thumbnail

Why a Wealth Tax Would Be Horrible for American Taxpayers

CPA Practice

Massachusetts introduced a state-level wealth tax last year, and the legislatures in California , Connecticut , Hawaii , Illinois , Maryland , New York , Oregon and Washington have all seen wealth tax bills introduced this year. Second, no matter how it’s positioned, a wealth tax is not based on objective facts.

tax 105
article thumbnail

$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

CPA Practice

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

article thumbnail

Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.

article thumbnail

What exactly is indirect tax?

ThomsonReuters

for example, does not have a federal sales tax, but taxes may be applied at the state and regional levels. States with the highest average local sales tax rates include Alabama, Louisiana, Colorado, New York, and Oklahoma.

tax 52