taxes

With President Donald Trump's administration having released its federal budget proposal last week, the rest of the country is similarly occupied arranging their own finances as tax season is now well underway. The Internal Revenue Service may not be prepared for what either the president or...

Shares of Wal-Mart Stores Inc (NYSE: WMT), Dollar General Corp. (NYSE: DG) and Dollar Tree, Inc. (NASDAQ: DLTR) plummeted as much as 2 percent Friday morning, and traders attributed the activity to continued concern on proposed border taxes. President Donald Trump’s emphasis on domestic job...

A tax proposal known as a “border adjustment” proposed by Republicans in the House of Representatives could ding major American retailers who rely on imported products. The policy change, which would tax imports and exempt exports, was criticized this week by President-elect Donald...

Tax Day is still months away, but your CPA may already be ringing you up. As the calendar has flipped ushering in a new year, it's that time once more to start thinking about what you might owe Uncle Sam, or, if you're lucky, what he might owe you! Check out Benzinga's top six tax...

President-elect Donald Trump wants to lower taxes to help businesses better compete in the international stage and attract international investors. By contrast, Canada's Prime Minister Justin Trudeau thinks the more attractive approach would be higher taxes on the country's resources. Trudeau's...

A survey by Bankrate found that close to 40 percent of Americans believe the results of the U.S. election won't have any impact on their finances. According to Bankrate's survey, 28 percent of respondents believe a Donald Trump White House would have a positive effect on their finances, while 26...

This election season, companies like Microsoft Corporation (NASDAQ: MSFT), General Electric Company (NYSE: GE) and Apple Inc. (NASDAQ: AAPL) have been criticized by both candidates for the massive cash hoards the companies have stashed overseas to avoid U.S. taxes. The companies claim U.S....

Financial and accounting acronyms can be confusing and daunting, but they don't have to be. Two of the most commonly used acronyms that publicly companies reference is EBIT and EBITDA. EBIT refers to a company's Earnings Before Interest & Tax, while EBITDA refers to a company's Earnings Before...

A tax loophole in which hedge-fund managers avoid paying taxes on performance fees packed offshore will cease to exist on December 31, 2017. According to Bloomberg, a proposed change to the tax loophole that hedge fund managers have been taking advantage of for years was actually proposed eight...

Taking care of another person, be it an aging parent, disabled child or extended relative who cannot live independently, can take its toll on the caregiver mentally, physically and financially. It is important to be aware that help is available to reduce the stress of these three commonly...

The national debt could swell by $21 trillion if Democratic candidate Bernie Sanders becomes president, according to an analysis by Tax Policy Center. The analysis stated, "Over the next 10 years, the Sanders plan would increase federal revenues by $15.3 trillion but also increase federal outlays...

2016 is a bit different than years past, as the tax deadline is not on the typical April 15, but rather on the 18th of the month. Thanks to Emancipation Day, a legal holiday in Washington, D.C., falling on Friday, the deadline was extended until the next business day. However, despite the...

This year’s tax filing season is drawing to a close, but it may be another few months before Liberty Tax Inc (NASDAQ: TAX), Intuit Inc. (NASDAQ: INTU) and H & R Block Inc (NYSE: HRB) investors know exactly how much of a success this year’s tax season was. The majority of the tax...