With the tax filing season coming to an end, the Internal Revenue Service (IRS) points out that if the taxpayer is unable to file their 2022 federal tax return by the deadline of April 18, he or she must request an extension within the deadline for filing the return. This deferral allows individuals to file …
Deadline to request a time extension for tax returns in the USA ends on April 18 Read More »
IRS disclosed its “Dirty Dozen” list for 2023, highlighting the 12 most common tax schemes and frauds that taxpayers should be aware of. Even after the end of tax season, it is important to be aware of these risks. Taxpayers need to protect their personal and financial data. The 12 items of “Dirty Dozen” list: …
IRS discloses ‘Dirty Dozen’ list of 2023 and warns for caution with scams and schemes Read More »
With the April 18 deadline for filing a tax return in the US approaching, the IRS has listed some options to help taxpayers who have not yet filed their tax return comply with the tax authorities before the deadline. One of them is the request to extend the delivery deadline through the IRS Free File …
In an article published by the IRS, a more in-depth analysis was carried out on the international and large business division of the IRS. The text highlighted the IL&B division, which performs tax administration activities for local and foreign companies. The content addressed three important topics, namely: competent authority, global engagement and exchange of information. …
The 2022 International Tax Competitiveness Index was released. In accordance with the Tax Foundation, the objective of the index is to measure the extent to which a country’s tax system meets two important aspects of tax policy: competitiveness and neutrality. Of the “top-10” in ranking, eight countries are from the European continent, including the leader …
2022 International Tax Competitiveness Index: Europe has 8 of the top 10 in ranking Read More »
According to Tax Foundation, State Business Tax Climate Index enables corporate leaders, government policy developers and taxpayers to compare tax system in each state. Even though there are several ways to express the value of taxes that a state government collects, this index purpose is showing how the states have structured their tax system and …
See 2023 USA State Business Tax Climate Index Top 10 States Read More »
During this 2023 tax filing season, the American Internal Revenue Service (IRS) alerts taxpayers to the importance of visiting irs.gov, gathering the necessary information, and accessing the updated tools that can help when filing your Tax Return for 2022. See below some recommendations before filling out the form: Changes in deductions and credits in the …
Tax Season: what you should consider when preparing your U.S. Tax Return in 2023 Read More »
As of January 1st, 38 states had major taxation changes taking effect across the US. Most of these changes represent downswing of net taxes, which is a result of rate reduction policies. Check out some of these changes: Individual Income Tax As of January 1st, personal income tax cuts are available in 11 states: Arizona, …
State tax changes are already in place in the US, check it out! Read More »
In recent years, the world has discussed important changes in international taxation rules that affect multinational companies. In the last quarter of 2023, after talks at the Organization for Economic Cooperation and Development (OECD), more than 130 member jurisdictions consented to a new taxation project. Large corporations pay more taxes in countries where they have …
Learn about the details of the new global tax agreement under debate Read More »
The taxation of cryptoassets is a new topic in Brazil, for this reason, it generates a number of doubts. One of them relates to the declaration of operations in a foreign Exchange. In a webinar promoted by Drummond Advisors, Roberto P. Vasconcellos, tax consultant, answered if the operation must also be declared at the place …
Taxation on cryptoassets: operations in a foreign Exchange Read More »
