Taxation in the United States

Experts Share Advice on Confusing Tax Situations Created by Pandemic

Taxation in the United States, Tax, Tax return, Internal Revenue Service, Free File
Friday, April 16, 2021 - 6:01pm

According to a survey by H&R Block, most tax filers have more questions about taxes than they did last year.

Key Points: 
  • According to a survey by H&R Block, most tax filers have more questions about taxes than they did last year.
  • Depending on when or if your 2020 tax return was processed, your third stimulus payment might not have reflected a new child or significantly lower income from 2019 to 2020.
  • For the "plus up" payment, the IRS will re-determine your eligibility for an additional payment after you file your 2020 tax return.
  • H&R Block can help reduce this uncertainty and build confidence by helping filers through digital experiences blended with human expertise and care.

Texas Tax Protest ranks No. 129 on Inc. Magazine's List of the Fastest-Growing Private Companies in Texas

Taxation in the United States, Tax, Property tax in the United States, Value-added tax, Corporate tax avoidance, Corporate taxation in the United States
Saturday, April 10, 2021 - 3:00pm

When considering the Real Estate industry as a subset of this Regional list, Texas Tax Protest ranked among the Top 10 fastest-growing private companies in the state.

Key Points: 
  • When considering the Real Estate industry as a subset of this Regional list, Texas Tax Protest ranked among the Top 10 fastest-growing private companies in the state.
  • We are honored to be part of such an elite list of like-minded companies, and we're optimistic about the future of Texas Tax Protest."
  • Texas Tax Protest provides comprehensive property tax appeal representation and advisory service for individual and institutional investors in Texas.
  • To learn more about Texas Tax Protest and how they help clients save money on property taxes visit: texastaxprotest.com.

Survey: 60 Percent of US Workers Concerned About Their Mental Health in Pandemic's Aftermath

Charity law, Taxation in the United States, 501(c) organization, Tax, 501(c)(3) organization
Friday, April 9, 2021 - 5:29pm

Men especially decreased participation in community wellbeing programs, compared to a lesser decrease among women.

Key Points: 
  • Men especially decreased participation in community wellbeing programs, compared to a lesser decrease among women.
  • Unfortunately, nearly one-fifth of workers (18 percent) do not feel comfortable discussing their hardships at work without fear of negative consequences.
  • One-fifth of respondents overall were unable to maintain their regular health routine, an indicator of possible health issues in COVID-19's aftermath.
  • Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

Western Union Foundation Announces New Partnerships to Advance Vaccine Education & Workforce Training in Q1/2021

Banking, General Health, Professional services, Pharmaceutical, Philanthropy, Training, Infectious diseases, Education, Foundation, Finance, Other Philanthropy, Health, Charity law, Taxation in the United States, 501(c)(3) organization, 501(c) organization, Vaccine
Thursday, April 8, 2021 - 1:00pm

The Western Union Foundation recognizes that this momentas the global pandemic recovery effort begins in earnestis a crucial one for the communities we serve, said Foundation Executive Director Elizabeth Roscoe.

Key Points: 
  • The Western Union Foundation recognizes that this momentas the global pandemic recovery effort begins in earnestis a crucial one for the communities we serve, said Foundation Executive Director Elizabeth Roscoe.
  • The Aspen Institute and International Medical Corps will receive funds from the Western Union Foundation to address these challenges.
  • Western Union and the Foundation are further enabling vaccine adoption by donating funds on behalf of each vaccinated Western Union employee and allowing employees to donate directly to the cause.
  • The Western Union Foundation is a separate, tax-exempt 501(c)(3) charitable corporation and receives support from The Western Union Company, its employees, agents, and business partners.

UltimateTax Online Continues to Serve Tax Preparers for Extended Tax Season

Taxation in the United States, Internal Revenue Service, Tax preparation in the United States, Tax, IRS tax forms, Government, Preparer Tax Identification Number, IRS Return Preparer Initiative
Wednesday, April 7, 2021 - 10:55am

Because of this extension, tax preparers are also anticipating a longer tax season.

Key Points: 
  • Because of this extension, tax preparers are also anticipating a longer tax season.
  • Since the 2012 season, UltimateTax has been helping tax preparers in all 50 states streamline their workflow.
  • What's more, tax preparers using this software can file unlimited 1040 forms, which is going to come in handy with the extended tax deadline.
  • Built by a team of tax preparers, this company is the ultimate "for the tax preparers by the tax preparers" company.

Certain DWS Closed-End Funds Declare Monthly Distributions

Banking, Professional services, Finance, Tax, Economy, Money, Income tax in the United States, Income tax, Alternative minimum tax, Taxation in Canada, Taxation in Australia, Legal entities, State taxation in the United States, International taxation, Taxation in the United States
Tuesday, April 6, 2021 - 10:00pm

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

Covisum Launches Social Security Benefit Cut Calculators

Liberalism in the United States, Social Security, Taxation in the United States
Tuesday, April 6, 2021 - 3:30pm

OMAHA, Neb., April 6, 2021 /PRNewswire-PRWeb/ -- Today, Covisum, the developer of Social Security Timing, Tax Clarity, SmartRisk, and Income InSight software solutions for financial advisors and institutions, announces the release of a new Social Security benefit cut calculator.

Key Points: 
  • OMAHA, Neb., April 6, 2021 /PRNewswire-PRWeb/ -- Today, Covisum, the developer of Social Security Timing, Tax Clarity, SmartRisk, and Income InSight software solutions for financial advisors and institutions, announces the release of a new Social Security benefit cut calculator.
  • The influx of new Social Security claimants, in addition to the reduced income from fewer people working, has some experts estimating that the Social Security system will run out of funds as early as 2029 rather than 2035 as the last Social Security Trustees report indicated.
  • A free consumer-facing Social Security benefit cut calculator can help individuals quickly and clearly see the impact of a benefit cut.
  • For current Social Security Timing and Income InSight subscribers, there is no added cost to begin using the Social Security benefit cut calculator it is included as free upgrade.

Canuc Resources Announces Options Grant

Options, Employee stock option, Employee compensation in the United States, Taxation in the United States, Incentive stock option, OTC Markets Group
Tuesday, April 6, 2021 - 2:00pm

Toronto, Ontario--(Newsfile Corp. - April 6, 2021) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that the Company has granted, under its rolling stock option plan, 6,000,000 incentive stock options ("Options") to officers, directors, employees, and consultants of the Company.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 6, 2021) - Canuc Resources Corporation (TSXV: CDA) (OTCQB: CNUCF) ("Canuc" or the "Company") is pleased to announce that the Company has granted, under its rolling stock option plan, 6,000,000 incentive stock options ("Options") to officers, directors, employees, and consultants of the Company.
  • The remaining 2.5 M Options will vest 12 months from today's date of issue (April 2nd, 2022).
  • The stock Options have an exercise price of $0.35 and a three-year term (expiring April 2nd, 2024).
  • Canuc is a junior company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico.

High Income Securities Fund Announces Monthly Distributions For Second Quarter of 2021

Banking, Professional services, Finance, Finance, Money, Economy, Financial ratios, Form, Taxation in the United States, Return of capital, Rate of return, IRS tax forms, Income trust
Monday, April 5, 2021 - 4:16pm

To the extent that sufficient investment income is not available on a monthly basis, the distributions may include return of capital.

Key Points: 
  • To the extent that sufficient investment income is not available on a monthly basis, the distributions may include return of capital.
  • No conclusions should be drawn about the Funds investment performance from the amount of the distributions.
  • The Fund will issue a notice to stockholders that will provide an estimate of the composition of each distribution.
  • For tax reporting purposes the actual composition of the total amount of distributions for each year will continue to be provided on a Form 1099-DIV issued after the end of the year.

isolved Announces Most Complete and Comprehensive 401(k) Benefits Offering

Retirement plans in the United States, Individual Retirement Accounts, Taxation in the United States, Personal finance, 401, Employee benefits, Insurance, Pensions, Finance, Money, Economy
Monday, April 5, 2021 - 1:59pm

To help level the playing field, isolved has launched the most complete range of 401(k) plans as a comprehensive new benefits service.

Key Points: 
  • To help level the playing field, isolved has launched the most complete range of 401(k) plans as a comprehensive new benefits service.
  • The offering provides a cost-effective way for businesses to lower retirement-plan costs while improving recruiting and retention by meeting employee benefit and experience expectations.
  • "The main benefit of leveraging the isolved 401(k) offering are the economies of scale that significantly reduce costs and simplify management and administration," said Neil Shifman, VP of retirement and insurance services at isolved.
  • With isolved 401(k), the benefit of that buying power is available for each and every company participant regardless of size."