It’s a bonus week at The Daily Deduction. Taxes are currently a hot topic in every industry. This week in tax news: Virginia Sales Tax Changes Preview, issues with the tax code, Jack White, and more!
Get Ready For the Virginia Sales and Use Tax Changes! – Virginia Department of Taxation
Register now for the free webinar by the Virginia Department of Taxation. Takes place at 1:00 PM EST today.
INSIDE WASHINGTON: Conflicting laws, IRS confusion – Boston.com
It’s a war of the words when it comes to tax code: One statute that attempts to curb political activity by tax-exempt organizations says to qualify, groups must engage ‘‘exclusively’’ in social welfare projects while a regulation eases the threshold to ‘‘primarily.’’
Showing his stripes: Jack White paid Masonic Temple back taxes; theater to be renamed – Detroit Free Press
Jack White Pays Detroit’s Masonic Template back taxes. The Masonic Temple Association will rename the temple’s theater to the Jack White Theater.
3 Potential Ways To Pay An Unexpected Tax Debt – Forbes
Every now and then, a shift in financial strategy or an unexpected event leads to a debt to the IRS. It’s common to think that immediate payment in full is the only option, but depending on your circumstance, there are options to manage your payments.
Beauty Salons Seek Break Reserved for Restaurant Tips: Taxes – Bloomberg Businessweek
Beauty salons never see the tips customers pay stylists, yet the shops still have to pay Social Security taxes on them -- a burden the second biggest tip-producing industry is looking to ease in an overhaul of the tax code, Bloomberg BNA reported.
Are you paying the iTunes tax? – CNNMoney
CNN Follows the current Marketplace Fairness Act considerations.