This past September, something important and truly amazing actually happened in Washington, DC. Back in March, the first-ever bipartisan Entrepreneurship Caucus was established in the U.S. Senate.  The new Caucus is co-chaired by Minnesota Senator and presidential candidate Amy Klobuchar (D) and South Carolina Senator Tim Scott (R), with fourteen other Senators participating.  A caucus…

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Sweeping tax legislation enacted in 2017 implemented many changes affecting the average taxpayer, including a lowering of rates, increasing the standard deduction and limiting the deductibility of mortgages and state and local taxes. Each taxpayer’s situation is different, but for the millions of additional taxpayers who will no longer need to itemize, tax returns should…

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Public service programs at the heart of taxpayer empowerment

Right now, all across the country in churches, libraries, schools and community centers, thousands of volunteers are hard at work at Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs providing free tax preparation assistance to people in need. Each tax season, 95,000 independent volunteers donate their personal time to 4,000 community tax…

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With filing season in full swing, many of us have already begun submitting our tax returns to the IRS. Truth be told, it’s not a time many of us look forward to. Like skipping dessert or going for a checkup, filing taxes is something we do because we have to, not because we want to….

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Of all the responsibilities of running a small business, the obligation to collect and pay sales tax may not seem like such a big deal. But for a growing number of small businesses that conduct online sales across state lines, the challenge is real and seems to get more complex every day. In 2018, 45…

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Intuit Statement Regarding 1040 Forms Changes

Intuit has long advocated for tax simplification reform for American taxpayers. As we first said in testimony before Congress back in 2005, “tax simplification is in the best interest of the nation, our citizens, and the government itself”. We have consistently supported efforts that seek to empower and strengthen the independent role of the taxpayer in matters of…

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On June 21, 2018 the United States Supreme Court issued the much anticipated decision in the case of South Dakota v. Wayfair. In short, the Court held that the physical presence rule for creating Sales Tax nexus (i.e. online sales tax) that was established in earlier decisions, Quill Corp. v. North Dakota and National Bellas…

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Global markets can be critical to the local success of small businesses and technology, private sector advisors, and governments have a role to play in enabling their journeys. Technology powers the global opportunity Entrepreneurs are finding that their businesses can be global, even at very early stages, thanks to technology. Kavita Shukla, founder of Maryland-based…

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On April 17th, the United States Supreme Court heard oral arguments in the case of South Dakota v. Wayfair, Inc. In this case, the Court will decide whether it should overturn the physical-presence limitation established in the 1992 case, Quill Corp. v. North Dakota. In that case, a previous court held that the Constitution’s Commerce…

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Citizen Power

Today is Tax Day – the day when tax returns are due to the government. Truth be told, it’s not a day many of us look forward to. Like going to the dentist or skipping dessert, filing taxes is something we do because we have to, not because we want to. And yet there is…

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