Small businesses drive our economy. And earlier this month, the country celebrated National Small Business Week, recognizing the 28 million small companies that create opportunities for millions of Americans through employment and innovation. Their economic contributions are well known – small businesses create two out of every three new jobs annually and generate income for…

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With the April 18 tax filing deadline just hours away, you might assume that the very wealthy and those with diverse investment portfolios are likely to have the most complicated tax returns. And that those with smaller incomes and a more straightforward financial situation have a pretty simple time of it. But in many cases,…

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Complex Families and Complex Taxes: How Has Growing Complexity in Families Made the Tax Filing Process More Complicated

A expert panel discusses new research highlighting changes in the family and how this makes tax filing more complicated. Read the full report from the Urban-Brookings Tax Policy Center: Increasing Family Complexity and Volatility: The Difficulty In Determining Child Tax Benefits Hosted by The Tax Policy Center; Urban Institute – Brookings Institution General Support Provided By Intuit…

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For years, pundits, elected officials and the business community have called for corporate tax reform to strengthen our economy. There is a strong consensus that better tax policies are needed to encourage economic growth, create more jobs and make the United States more competitive in the world. We agree, but the discussion shouldn’t stop there….

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Wouldn’t it be great if low- and moderate-income families could file their tax returns at no cost? They can. It began back in 2002, when the then-Commissioner of the IRS Charles Rossotti formed a public-private partnership with the technology industry to create IRS Free File. The common goal of this alliance: to help reduce the…

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Marty Sullivan, Chief Economist at Tax Analysts, on the sharing economy.

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Continuing the Fight Against Tax Refund Fraud

Over the next few months, approximately 150 million Americans will complete and file state and federal tax returns. For most families, this is a time to take stock of their finances, pay off some debts or put aside a portion of their refund for savings or future expenses. For others, it’s a chance to travel…

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Within the next five years, as many as four in 10 workers in the United States are expected to be self-employed, due in part to millions of Americans joining the ranks of what is being called the “sharing economy.” That’s the finding of a new labor market study conducted by Emergent Research that predicts that more…

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