Tuesday, February 28, 2023

What is the quickest way to file taxes? - CBS News

Tax preparation can be intimidating. In fact, the IRS says that the average time it takes taxpayers to file a Form 1040 or 1040-SR is around 13 hours, which "includes all associated forms and schedules, across all tax return preparation methods and taxpayer activities."

H&R Block estimates a simple tax return could take less than two hours to complete, touting its system's ability to speed up the process by skipping unnecessary sections based on your answers to various questions.

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Amazon seeking to slash $600,000 from its taxes in Bondurant, Iowa

Amazon has a $1 million tax bill due to Polk County at the end of March, but the company is fighting for a big reduction.

The online shopping giant, which started operating warehouses in the Des Moines market at the end of 2020, has appealed the county assessment of the first and largest one, its Bondurant fulfillment center, at 500 32nd St. S.W.

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States with highest income taxes for people earning $75,000

Single filers earning $75,000 a year will pay nearly $6,000 in state income taxes in Oregon, the most of any U.S. state, according to Tax Foundation data provided to CNBC Make It.

On the other end of the spectrum, seven states — Alaska, Florida, Nevada, South Dakota, Tennessee, Texas and Wyoming — don't levy any income taxes at all .

Publisher: CNBC
Date: 2023-02-27T18:30:33 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Will Des Moines metro cities raise taxes, cut budgets after tax error?

Accustomed to years of continuous financial growth — and, in some cases, lowering taxes — cities, counties and school districts in the Des Moines metro are suddenly in a budgetary bind after the state discovered a property tax calculation error just as the entities were set to finalize their ...

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Digital Services Taxes, Destabilization, And The Rocky Road To Pillar 1

Busines using a computer to complete Individual income tax return form online for tax payment. ... [+] Government, state taxes. Data analysis, paperwork, financial research, report. Calculation tax return.

For several years, there's been speculation about how the OECD might define DSTs and similar measures. There has also been speculation about how that framing might affect DSTs that have already been enacted.

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Publisher: Forbes
Date: 2023-02-27
Author: Nana Ama Sarfo
Twitter: @forbes
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