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Stories published on Jun 28
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  • Stories published on Jun 28

Friday, Jun 28

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IRS Confirms No Federal Tax Deductions For Marijuana Businesses Until Rescheduling Is Finalized

www.benzinga.com

IRS confirms marijuana businesses can't claim federal tax deductions under 280E until rescheduling is finalized.

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Who Wins, Who Loses? Biden and Trump's Tax Policies Are Very Different

www.benzinga.com

Biden and Trump have different tax policies for the American people. Trump's tax cuts for the wealthy would stay, while Biden plans to raise taxes.

Florida resident from New Jersey convicted of tax evasion

www.local10.com

A 50-year-old millionaire from New Jersey who was living in Boca Raton, Florida, was convicted of tax evasion, the U.S. Attorney’s Office announced on Friday.

Clark County fuel tax scheduled to increase Monday

www.reviewjournal.com

Fuel taxes are scheduled to slightly increase starting Monday in Clark County.

Crypto Platforms to Report Tax Information to IRS Starting in 2026

www.wsj.com

In a long-awaited step against tax evasion in cryptocurrency markets, the Treasury Department adopted a final rule requiring many crypto platforms to begin reporting users’ transactions to the Internal Revenue Service.

22

More of us are falling into the savings tax trap - is it fair? This is Money podcast

www.dailymail.co.uk

You find a decent paying savings account, diligently squirrel away your money, watch it grow… only for the taxman to come along and swipe a chunk.

Texas Business Owner Sentenced to 37 Months for Tax Evasion

smallbiztrends.com

Texas business owner sentenced to prison and ordered to pay fines for evading income tax, highlighting IRS efforts to enforce tax compliance.

IRS Advises Marijuana Businesses That They Still Can’t Take Federal Tax Deductions Due To 280E Until Rescheduling Is Finalized

The Internal Revenue Service (IRS) is advising marijuana companies that they still cannot take federal tax deductions for business expenses that afforded to other traditional industries unless the administration finalizes a rule to…

21

A fresh start: On the Goods and Services Tax Council meet

www.thehindu.com

The GST Council must not lose sight of broader reforms

20

Marketplace health insurance may get more expensive — unless Congress extends this tax break

www.cnbc.com

The premium tax credit, which makes marketplace health insurance premiums more affordable, could become less generous after 2025. Here's what to know.

More cops sent to MPs' rural homes after anti-tax attacks

www.the-star.co.ke

Up to 20 MPs reported their homes were attacked by mobs in the chaos.

Major SNP manifesto botch revealed as experts warn manifesto will lead to tax hikes & spending cuts

THE SNP have bungled their manifesto plans and accidentally baked in spending cuts or income tax rises, it emerged today.

Streaming Services Face Proposed New Tax in Philippines

www.pymnts.com

Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate and the House of Representatives, the bill will become law…

Which Teslas Qualify For The EV Tax Credit In 2024?

insideevs.com

The Tesla Model 3, Model Y and Model X are all eligible for a $7,500 federal rebate. But you have to pick the right one.

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Parents face tax confusion over children's savings accounts as money expert explains

www.express.co.uk

Parents putting money away for their children should be aware of a tax rule which could see them having to pay tax on the interest accrued in certain accounts.

Tax warning for parents putting away savings for their children

As parents put thousands away for their kids, there is a tax predicament they may find themselves in if they are not careful