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Category: Tax Code, Regulations and Guidance


Tax Code, Regulations and Guidance

What Is the 2022 Social Security Tax Limit?

June 27, 2022

Via: Investopedia

How the Social Security Tax Works The Social Security tax, also known as the “Old-Age, Survivors, and Disability Insurance (OASDI) tax,” funds the Social Security program in the United States. As of September 2021, more than 65 million people were […]


Tax Code, Regulations and Guidance

How to Claim a Dependent on Your Tax Return

June 21, 2022

Via: Investopedia

Who Is a Tax Dependent? A dependent is generally defined as someone you take care of financially or otherwise. For tax purposes, not everyone you take care of qualifies as a dependent. The IRS allows two types of tax dependents: […]


Tax Code, Regulations and Guidance

Biden Near Decision on Backing Federal Gas-Tax Holiday

June 20, 2022

Via: The Wall Street Journal

President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring gas prices. Mr. Biden told reporters in Rehoboth Beach, Del., […]


Tax Code, Regulations and Guidance

Employer Identification Number (EIN) Definition

June 16, 2022

Via: Investopedia

What Is an Employer Identification Number (EIN)? The term employer identification number (EIN) refers to a unique identifier that is assigned to a business entity so that it can easily be identified by the Internal Revenue Service (IRS). EINs are […]


Tax Code, Regulations and Guidance

Republicans Aim to Combat Inflation With Tax, Trade Policies

June 14, 2022

Via: The Wall Street Journal

Congressional Republicans are beginning to detail their plans to combat inflation and soften its impact on households, indicating some tax, trade and regulatory policies they might pursue if they take control of the House and Senate in this fall’s midterm […]


Tax Code, Regulations and Guidance

New York City Lifts Rules Governing Auctions

June 8, 2022

Via: LexBlog

As part of a broader regulatory roll-back intended to stimulate business and economic activity post-pandemic, the New York City Council repealed regulations affecting the auction industry.[1] Generally, the repeal’s effect is to remove rules that regulate the conduct of auctioneers […]


Tax Code, Regulations and Guidance

National action needed to implement food safety strategy

June 7, 2022

Via: LexBlog

The implementation of a new global food safety strategy will be a challenge, according to a member of the World Health Organization’s (WHO) Technical Advisory Group on Food Safety. Yongning Wu, from the China National Center for Food Safety Risk […]


Tax Code, Regulations and Guidance

Will Supreme Court adopt high-tech tools to fight security breaches?

May 11, 2022

Via: ABA Journal

The U.S. Supreme Court could take several measures to increase security following the leak of Justice Samuel Alito’s draft opinion to Politico. Jeff Stollman, a corporate and government information technology security consultant, told Bloomberg Law about some options that the […]


Tax Code, Regulations and Guidance

Guide to Home Equity Tax Deductions

May 10, 2022

Via: Investopedia

Prior to the Tax Cuts and Jobs Act of 2017, homeowners could claim a plethora of extra tax deductions. But these are no longer an option. After the act’s passage it’s more complicated to get a deduction when you borrow […]


Tax Code, Regulations and Guidance

States Without Sales Tax

May 6, 2022

Via: Investopedia

The sales tax laws for states within the United States are not subject to federal regulation. Each state has control over its base sales tax. Sales taxes are typically imposed on retail transactions and certain services. In addition to base […]