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IRS Reminds Taxpayers Of Savers' Credit

by Mike Godfrey, Tax-News.com, Washington

Last updated 31 hours ago | Tuesday, November 21, 2017

The Internal Revenue Service has issued a reminder to low- and moderate-income workers that they can obtain a 50 percent credit for the first USD2,000 contributed to a retirement plan, called the Saver's Credit. Read Full Story

 


IRS Failing To Properly Vet Third-Party Filers, TIGTA Says

by Mike Godfrey, Tax-News.com, Washington

Last updated 31 hours ago | Tuesday, November 21, 2017

The IRS is not always verifying that its third party electronic filing providers meet the required standards, according to a report released on November 20 by the Treasury Inspector General for Tax Administration. Read Full Story

 


Seychelles Overhauls Tax Settings In Recent 2018 Budget

by Mary Swire, Tax-News.com, Hong Kong

Last updated 31 hours ago | Tuesday, November 21, 2017

The Seychelles Budget included numerous proposals to change the territory's tax settings, including new corporate tax reliefs and the settings for a progressive personal income tax regime. Read Full Story

 


US Security Summit Undertaking 'Taxpayer Awareness Week'

by Mike Godfrey, Tax-News.com, Washington

Monday, November 20, 2017

The Internal Revenue Service will join forces with state tax agencies and the tax industry to hold a second annual National Tax Security Awareness Week. Read Full Story

 


HMRC Given New Powers Against Tax Scheme Promoters

by Jason Gorringe, Tax-News.com, London

Monday, November 20, 2017

The Chartered Institute of Taxation has highlighted that two significant new penalties for tax non-compliance are now effective, following Royal Assent to Finance (No. 2) Act 2017. Read Full Story

 


Amid Gig Economy Tax Debate, Deliveroo Wins Key Ruling

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

Following a damning ruling against gig economy ride-hailing service Uber, which provided that its drivers are entitled to rights typically reserved for employees, Deliveroo has successfully argued that its gig economy delivery drivers, of takeaway food, are self-employed. Read Full Story

 


MEPs: EU Must Do More To Tackle Tax Evasion

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

MEPs have criticized the European Council and European finance ministers for a "lacklustre performance" in the fight against tax evasion and avoidance. Read Full Story

 


IRS Reminds Businesses Of New Jan 31 Filing Deadline

by Mike Godfrey, Tax-News.com, Washington

Friday, November 17, 2017

The Internal Revenue Service on November 16 issued a reminder to employers and other businesses of the January 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government. Read Full Story

 


Senate Republicans Attach Obamacare Tax Repeal To Tax Package

Mike Godfrey, Tax-News.com, Washington

Wednesday, November 15, 2017

An amendment has been included in the US Senate's tax reform proposals that will effectively repeal the Affordable Care Act's individual mandate. Read Full Story

 


HMRC Welcomes Jail Terms For Carbon Emission Tax Fraudsters

by Jason Gorringe, Tax-News.com, London

Tuesday, November 14, 2017

The UK tax authority, HM Revenue and Customs, has welcomed prison terms for members of a crime group for perpetrating what the agency called one of the biggest ever tax crimes in the UK. Read Full Story

 

 

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