In what could become the single largest new revenue source in the budget, the government is considering imposing a 1.5% withholding tax on the value of imports. The tax would be collected by banks at ...

At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

Examining a personal financial planning scenario can help students develop the application and analysis skills necessary to ...

Payroll income tax withholding is figured based on expected annual earnings. Employers use different pay period lengths, resulting in different numbers of paydays. Thus, a monthly pay schedule has ...

This disparity shows up in your company's financial statements as a difference between "income tax expense" and "income tax payable." The rules for financial accounting and those for tax ...