Taxes

How to Protect Your Data from IRS Scammers During Tax Season

13 days ago

As tax season approaches, more scammers try to take advantage of citizens' laxity to steal their personal data. These con artists often pose as representatives of the Internal Revenue Service (IRS) and employ various tactics to gain access to your financial information. Experts warn that staying vigilant and adhering to recommendations for protecting your personal information is crucial.

Time Running Out for Taxpayers: Claim Up to $1 Billion in Refunds

21 days ago

Taxpayers in the United States have limited time to claim tax refunds from the year 2021. According to the Treasury Department, at least $1 billion may go unclaimed if individuals do not file their tax returns. For those who have not filed, there is a chance to receive sizable amounts; however, the deadline for submissions is approaching rapidly.

Avoiding Errors When Filing Your Tax Return: The Key Rule - Wait for All Your Documents

2 months ago

The tax season is approaching, and many Americans are beginning to prepare their tax returns. However, tax experts warn that it is unwise to rush to file your taxes until you receive all necessary documents. Submitting your tax return before having all the confirming papers can lead to delays, the need for amendments, and ultimately problems with the IRS (Internal Revenue Service).

Taxes: Americans Losing Thousands by Not Utilizing Tax Deductions

2 months ago

According to experts, many American taxpayers are leaving significant amounts of money unclaimed when filling out their tax returns. As the tax deadline approaches, the number of people failing to use available tax deductions and credits increases, leading to lost funds that could be refunded.

The Top Five States to Start a Business

2 months ago

A recent study has highlighted five states in the U.S. that create the most favorable conditions for startups and new businesses. These regions are characterized by low taxes, access to funding, and a supportive entrepreneurial environment. In a rapidly changing market and economy, such factors are vital for new companies.

Trump's New Initiative for Revenue Generation: Taxes on Importers?

3 months ago

In recent weeks, the administration of former President Donald Trump has proposed a new strategy for increasing government revenues by imposing taxes on importers rather than on foreign sources. This idea has arisen against the backdrop of global economic changes and the desire to increase budget revenues while trying to minimize economic consequences for American consumers.

IRS Announces Start of Tax Season: Key Dates and Information You Need to Know

3 months ago

The Internal Revenue Service (IRS) has officially announced the start of the 2023 tax season, beginning on January 23. This means millions of Americans will be able to file their tax returns and start receiving tax refunds. This year is notable as many citizens will be able to file their returns faster thanks to improved online services and tax preparation programs, making the process easier for those who prefer digital solutions.

High Taxes Killing Gas Engines: Abarth's Perspective

5 months ago

Abarth, a renowned manufacturer of sports cars, has expressed concerns regarding the impact of high taxes on the sales of gasoline-powered vehicles. Experts from the company believe that such a tax burden creates significant hurdles for the automotive industry, particularly in the sports segment where gasoline engines have traditionally been the preferred option.

How Trump's Second Term Could Impact the US Economy

5 months ago

The upcoming 2024 presidential election draws attention to Donald Trump and his potential second term in office. Many experts are discussing how this could affect the US economy, with warnings that Trump's return to the White House might impact financial markets, tax policy, and economic growth.

Italy Pledges to Keep Deficit Below 3% Thanks to Windfall Revenues

7 months ago

The Italian government has announced its intention to keep the budget deficit below 3% of gross domestic product (GDP) next year. This goal has become achievable due to a significant increase in tax revenues resulting from the favorable economic conditions seen in the country since 2021. Over the past few years, Italy has managed to significantly boost its tax income, helping to offset upcoming expenditures for development and social program support.