It’s tax time again.  While it may not be everyone’s favorite time of the year, for millions of Americans it also means refund time.  And, with tax reform now at the top of the national agenda, it’s also worth remembering that the annual tax filing ritual has tremendous potential benefits. In fact, direct citizen engagement…

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Talking Tax Reform: A Discussion of Border Adjustability & Cash-Flow Taxes

  In the first event of the Talking Tax Reform series, the Tax Foundation hosted a special panel sponsored by the Intuit Tax & Financial Center on Border Adjustability, Cash Flow Taxes, and U.S. Companies, or what is now commonly referred to by #DBCFT (Destination Based Cash Flow Tax). Tax Foundation President Scott Hodge moderated the panel of three of…

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The federal tax-filing season opened on January 23, and more than 150 million Americans are expected to submit a return by this year’s April 18 deadline. Although the tax code remains complicated, the annual review of income and expense reporting should be business as usual for most Americans. Still, taxpayers, their representatives, and advisors should…

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With 36 percent of the US workforce engaging in self-employment, a number only expected to grow in the coming years, it’s important to shed light on the motivations and needs of this unique sector. On the 18th of January, the California Association for Micro Enterprise Opportunity (CAMEO) hosted a symposium entitled Self-Employed Entrepreneurs: The New Era…

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Both the new Congress and the new administration have stated their deep commitment to enacting meaningful tax reform in 2017.  We recognize this will not be easy, nor will it happen without significant compromises on all sides. We also recognize that agreeing on a process of reform may be as challenging as the actual reform…

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October is National Cybersecurity Month with good reason. Over the past few years, cybersecurity threats have continued to escalate. No longer just the domain of isolated hackers, large-scale cybersecurity attacks can be perpetrated by domestic criminal and hostile international agents alike. Just last week, a widespread distributed denial of service attack disrupted major websites across…

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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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