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'Bring Your Own Mask,' Says IRS Summoning Employees Back To Work
Monday, April 27, 2020 - 10:05am | 310Read More...Internal Revenue Service has called back workers in "mission-critical functions" to the agency offices from Monday. What Happened An internal memo stated that people whose work needs to be done in person would be called back to offices, the Wall Street Journal reported. IRS was...
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IRS Tax Deadline Extended To July 15, Mnuchin Says
Friday, March 20, 2020 - 11:31am | 251Read More...The Internal Revenue Service tax deadline for people and businesses is being extended three months, from April 15 to July 15, Treasury Secretary Steven Mnuchin announced Friday. At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses...
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H&R Block Delivers Mixed Q3 Return To Investors
Thursday, March 5, 2020 - 6:08pm | 274Read More...H&R Block Inc (NYSE: HRB) reported a third-quarter loss of 59 cents per share Thursday, missing the analyst consensus estimate of 55 cents by 4 cents. The company reported quarterly sales of $519 million, beating the analyst consensus estimate of $485.55 million by 6.89%. This is a 10...
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The Burdens And Rewards Of California's Cannabis Taxes
Thursday, March 5, 2020 - 2:30pm | 803Read More...By Confident Cannabis, provided exclusively to Benzinga Cannabis. The right to cultivate and sell cannabis in the State of California is a given, but the bureaucratic ease in doing so is not. Times are hard for business owners right now, and those struggles trickle down from top to bottom. Federal...
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Drilling Deep: What Truck Drivers Are Going To Report To The IRS This Year
Thursday, February 20, 2020 - 2:25pm | 204Read More...Todd Amen, the president of ATBS, sees lots of truckers' tax returns. It's one of the things his company does among the services it provides to truckers. On this week's Drilling Deep podcast, Todd sat in with host John Kingston to discuss some of the numbers he's seen so far. It's reasonable to...
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As The 2020 Election Kicks Off, A New Senate Bill Looks To Help Small Business Owners
Thursday, February 13, 2020 - 10:08am | 885Read More...Despite the end of the impeachment saga and the ongoing race to the national election in November, some bipartisan legislation is gaining traction within the U.S. legislature. A new bill introduced to the Senate last month hopes to allow entrepreneurs and small business owners another way to...
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The 2 Most Important Things For Freelancers And Entrepreneurs To Know When It Comes To Taxes
Friday, February 7, 2020 - 11:08am | 535Read More...Filing taxes is a little bit trickier for freelancers and entrepreneurs than it is for everyone else. For the traditional employee, a lot of the groundwork (like calculating deductions) is already done. But for the self-employed, tracking your taxes and business expenses is a constant necessity....
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Why 25 Million Americans Didn't Make The Leap To Self-Employment
Thursday, January 30, 2020 - 11:52am | 610Read More...According to a Bureau of Labor Statistics report in 2016, the last year in which the agency collected data, there are over 15 million self-employed professionals in the U.S—about 10 percent of the total working population. This number may seem large, but is far behind some estimates. In...
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Steve Forbes Criticizes Trade War: 'Tariff Is Another Word For Sales Tax'
Monday, January 13, 2020 - 3:21pm | 559Read More...The 2020 presidential race is a debate about what kind of a country Americans want in the future, and it’s the kind of debate that took place before the Civil War and again in the 1890s, Steve Forbes told the Detroit Economic Club on Monday. “We’ve had these debates before. We...
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The 4 Best Cryptocurrency Tax Software For 2020
Monday, January 6, 2020 - 8:51am | 1235Read More...For the wider world in general and cryptocurrency specifically, 2020 marks the start of a new decade. More than 10 years have passed since the launch of Bitcoin as the world’s first cryptocurrency and, with literally thousands of new digital coins now in circulation, the next decade of crypto...
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Amazon Pays 13 Times More In Taxes With Hopes To Expand Business In Japan
Monday, December 30, 2019 - 2:17am | 320Read More...Seattle-based e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) paid more 13 times more in taxes in 2017 and 2018 in Japan than it did in 2014, the Nikkei reported on Monday. What Happened Amazon's Japanese subsidiaries paid approximately $137.4 million (15 billion yen) in taxes both in...
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Talking Money: Making Sure Your Self-Employment Pays The Bills
Friday, December 27, 2019 - 12:45pm | 787Read More...Hard work pays off … or does it? The gig economy accounts for 30-40% of the U.S. workforce and is growing at a faster rate than traditional full-time jobs. Workers over 45 years old are also making up over half of the “on-demand” or shared-economy self-employed workforce....
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Here's Your Indispensable Self-Employment Tax Tool
Tuesday, December 24, 2019 - 10:24am | 769Read More...AARP Foundation Self-Saver™ is a self-employment tax tool designed to help self-employed workers withhold and submit quarterly taxes with ease. Powered by Track Technologies, Self-Saver aims to help self-employed people 50 and older achieve financial independence and security. America has a...
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3 Year-End Tax Strategies For The Self-Employed
Monday, December 23, 2019 - 1:27pm | 806Read More...A 2016 estimate from the Bureau of Labor Statistics puts the number of self-employed people in America at approximately 9.6 million. And thanks to the gig economy and the prominence of companies like Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT), and Doordash, a growing number of...
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Test Your Self-Employment Tax Smarts
Friday, December 20, 2019 - 3:21pm | 734Read More...Are you a self-employment seasoned pro who knows all about the tax implications of working for yourself, or are you just getting started? Test your self-employment tax knowledge with the quiz below, and then learn tips on how you can take the stress out of quarterly taxes so you can focus on your...
