Taxes

Last year, Gov. Ron DeSantis (R) made waves in Florida when he took steps to eliminate the Reedy Creek Improvement District, a special services tax district that includes Disney World. The fight between DeSantis and the Walt Disney DIS Company is now headed to court. Background On April 22, 2022, DeSantis signed a bill into

The taxes levied on overnight stays could fund much more than convention centres and marketing campaigns. They can make places more vibrant, inclusive and worth visiting. From Saturday, April 1, everyone staying in Manchester will have £1 GBP added to their hotel stay per night. The tourist tax is a first for the U.K. and

Entertainer and business success Beyoncé Knowles-Carter—known to fans as Beyoncé or Queen Bey—has filed a petition in U.S. Tax Court contesting nearly $2.7 million in tax and penalties. The April 17, 2023, petition asks the court to reconsider additional tax and penalties assessed by the IRS in a January 18, 2023, Notice of Deficiency. Amounts

April is National Financial Literacy Month. For most employees, few financial endeavors are more complex than understanding stock options, restricted stock, restricted stock units (RSUs), employee stock purchase plans (ESPPs), and other forms of stock compensation. As tax season is over, now is a good time to direct your attention to improving your financial fluency

A cornerstone of U.S. tax policy (and for many other countries) has been to encourage and support research and development (R&D) in this country. Policymakers on both sides of the aisle have long recognized the importance of incentivizing companies to engage in R&D. Innovation and improved productivity are the hallmarks of a growing economy, job

Some time ago, these pages predicted that digital services taxes would prove to be sticky things. That is, once governments around the world went through the trouble of implementing DSTs — and once the receipts started to trickle in — legislators would find them difficult to eliminate. DSTs check too many of the boxes associated

Tax season isn’t over just yet. Tax-exempt organizations with a calendar year-end (December 31) must file a return or request an extension by May 15, 2023. Due Dates The annual filing due date for the Form 990-series (Forms 990, 990-EZ and 990-PF, Form 990-N (the e-postcard), Form 990-T and Form 4720 are normally by the

Today’s Social Security column addresses questions about how spousal benefits are calculated, survivor’s benefits after taking reduced retirement benefits and earnings credits when self-employed. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social Security questions of

The cannabis industry continually grows and is weeding out the cynics in the process. To date, 21 states and the District of Columbia legalized the recreational use of cannabis; meanwhile, 37 states legalized the medical use. As a result, the cannabis industry is estimated to take in more than $25 billion annually within two years.

In a previous Urban Institute study, researchers spoke to parents with low incomes about how these dynamics affected their lives. We found that when families anticipate an increase in earnings, they tend to focus on the prospect of losing benefits rather than gaining access to tax credits. Losses feel scary for people, as benefits are