Tax News

A wealth of information from TaxOps

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Disclaimer: Before relying on information provided on this site, contact a tax professional to discuss the implications to your particular tax situation as it is not possible to provide comprehensive tax advice over the internet.

When it comes to taxes, why can't we be more like Sweden?

Despite having the 5th highest tax burden, Sweden has the 7th most competitive tax system among OECD countries. What gives?

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Ohio leads the cryto-tax payment charge

Ohio is becoming the first state in the U.S. to accept state tax payments through cryptocurrency, reports Michael Cohn for TaxProToday. With this move, testing by the first major government entity begins.

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IRS proposed limits on new business interest expense

The IRS proposed regulations implementing a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers. Are you one of them?

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Targeting taxpayers: Stay ahead of tax scams

As we move toward year-end, scammers are actively upping their tax-related theft activities. Here's some of the latest identified by the IRS.

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How local taxes grow to the unwitting out-of-state taxpayers

San Francisco voters approved a homelessness gross receipts tax, effective January 1, 2019, imposing significant additional tax on many businesses operating in the city. And how those taxes grow...

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Lessons from the Amazon HQ2 Tax Break Race

Amazon's H2Q selections expose the inefficiencies in state and local tax incentives. Read more from the Tax Foundation.

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Who Pays? State and local tax systems are not equal

No two state tax systems are alike, or have the same impact on residents, according to the sixth edition of Who Pays: A Distributional Analysis of the Tax Systems in All 50 States by the Institute on Taxation and Economic Policy.

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Small businesses brace for Colorado's new online sales tax

Small businesses brace for Colorado’s new online sales tax rules some say could put them out of business.

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