revenue service

SD&D Capital Management Limited Managing Director/CEO Idakolo Gabriel Gbolade hailed the Federal Inland Revenue Service for its outstanding revenue collection performance for 2021, saying TaxPro Max has helped the revenue…

(THE CONVERSATION) Doing taxes in the United States is notoriously complicated and Dear. And it's even worse when there are delays and arrears, making it especially difficult to access the Internal Revenue Service for help. But…

Through Amaechi Ogbonna Despite Being the largest economy in mainland Africa, Nigeria still carries the unpleasant label of being one of the countries with the lowest tax to GDP ratio. The tax-to-GDP ratio, which is the ratio…

With the advent of the new automated tax system, TaxPro Maxthe Federal Inland Revenue Service (FIRS) said its revenue rose to N6.4 trillion in fiscal year 2021 (FY). Investors King recalls that the TaxPro Max was introduced in June 2021…

With tax time around the corner and W-2s coming soon if they haven't already, it's important to know how to file properly and what to do to lower your taxes, save money and avoid penalties. The deadline for filing 2021 tax returns is…

Ready for your 2021 tax refund? Mark your calendars because January 24 is when the Internal Revenue Service will begin accepting and processing 2021 tax returns. The 2022 tax season will run from Monday, Jan. 24…

What is Form 1041: United States Income Tax Return for Estates and Trusts? Form 1041 is an Internal Revenue Service (IRS) income tax return filed by the estate, trust, or bankruptcy trustee of a national deceased. Part of…

The Federal Inland Revenue Service (FIRS) says the 2021 finance bill will enable an efficient tax system that will work for all Nigerians. Muhammad Nami, executive chairman of FIRS, revealed this in a statement issued by…

Babajide Sanwo-Olu, Governor of Lagos, called on the Joint Tax Board (JTB) to extend its scope beyond personal income tax (PIT) to other tax areas. JTB is the supreme body of all tax authorities in Nigeria. Gboyega Akosile,…

JohnnyGreig / iStock.comThe Internal Revenue Service recently announced that the amount individuals can contribute to their 401 (k) in 2022 has officially increased to $ 20,500. It's a $ 1,000 increase for 2021 and 2020.Social security…

Income tax returns for North Dakota residents showed a 5% drop in average income in fiscal year 2020, largely due to the COVID-19 pandemic, the Department of Taxation of Canada reported on Tuesday. the state.Not only did reported income…

One of the provisions buried in the Build Back Better bill is the implementation of a 15% minimum corporate tax rate, with Elizabeth Warren being the most vocal champion and main cheerleader. Given that 55 top…

(The Center Square) - Voters in Washington state will have the opportunity to weigh in on Tuesday, at least…

Obadare Mayowa Posted 12 October 2021 Federal Inland Revenue Service chairman Mohammed Nami on Friday lamented Nigeria's low tax income and blamed it on the unwillingness of many Nigerians to pay income tax. He revealed that…

Senator Elizabeth Warren (D-Massachusetts) and Representative Pramila Jayapal (D-Washington) ask for information on "corrupt schemes" to cover the profits of accounting firms involving the Treasury Department, the Internal Revenue Service…

Media credit: Danielle Towers | Photo editor assistant Representative Bonnie Watson Coleman, DN.J., opened the discussion online as panelists discussed how tax returns could help families in minority communities avoid voter suppression.…

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- Advertising - If you want to be a model citizen, you have to pay your taxes on time. This is one of the things that allows you to have many other benefits. And when you say taxes, you may have heard of the term adjusted gross!-->…

• Said NGF awaiting the decision of the Supreme CourtGOVERNOR Kayode Fayemi of Ekiti State said yesterday that the Nigerian Governors Forum, NGF, is awaiting the Supreme Court ruling on value added tax, VAT and…

By Robert Davis | The central square donor Texas welcomed new residents of all ages and income in the years leading up to the COVID-19 pandemic, according to recent data from the Internal Revenue Service (IRS). Data was…

It's no secret that Californians are leaving the state in droves. Some are political refugees exhausted by the one-party Democratic regime. Others are economic refugees, seeking lower taxes and a more acceptable cost of living. A new…

California, with its relatively large tax burden compared to other states, has seen an exodus of taxpayers in recent years and, with it, billions in gross taxable income. State to State migration The data recently published by the…

VScalifornia residents of all ages and income are moving to more tax-friendly climates, and they take with them billions of dollars in annual income. The Internal Revenue Service recently released its latest…

(The Center Square) - California residents of all ages and income are moving to more tax-friendly climates,…

What is Adjusted Gross Income (AGI)? Adjusted Gross Income (AGI) is a number that the Internal Revenue Service uses to determine your income tax for the year. It is calculated by subtracting certain adjustments from gross…

Calculating your Adjusted Gross Income (AGI) is one of the first steps in determining your taxable income for the year. Once you have determined what your adjusted gross income is, you can determine your tax payable for the year.…

mediaphotos / iStock.comDuring tax season, the technical terms of the tax code can be difficult to understand. Some of the more common terms include gross income, adjusted gross income (AGI), and modified adjusted gross income (MAGI).When…

Net income versus adjusted gross income (AGI): an overview All income starts with gross income, which is the total of all the money you make in a year. This includes wages, salaries, bonuses, capital gains, and interest…

Taxpayers owed not only tax after the IRS rejected the claimed benefits of a tax shelter, but also settlement tax paid by the accountant who set up the tax shelter. In addition, taxpayers owed the government its litigation costs to defend…

California, which has a progressive state income tax, experienced a cumulative decrease in adjusted gross…

(The Center Square) – New York, which has a progressive income tax, experienced a cumulative decline in…

By: Angela M. Wheeland | Reviewed by: Ashley Donohoe, MBA | Updated on March 13, 2019 Your adjusted gross income plays an important role in calculating your income tax for the year. Generally, your AGI includes all your gross income,…

The Internal Revenue Service (the "IRS") recently issued Chief Counsel Advice 201810007 requiring the fair market value of tax preparation services provided by a large US company to its employees who frequently transfer their employment…

Taxable income vs gross income: an overview Gross income includes all income you receive that is not explicitly exempt from tax under the Internal Revenue Code (IRC). Taxable income is the part of your gross income that is…

Gross income versus earned income: an overview The distinctions between gross income and earned income are particularly important to understand when it comes to tax accounting. If you report either incorrectly, you could end…

While most dividends paid by corporations or mutual funds to shareholders are considered ordinary dividends, some may be considered eligible dividends. In these cases, your dividend income is subject to the capital gains tax rate…