While some exemptions apply, the nonprofit organization with exempt tax status is not exempted automatically from federal excise tax liability. Under IRS regulations, some nonprofit organizations ...

In Massachusetts S corporations with total receipts of $6 million or more are also subject to a state excise tax. Therefore, although you may not have to pay federal tax or use a balance sheet to ...

NEW YORK (AP) — President Donald Trump's “ no tax on tips ” pledge became a catchphrase for his 2024 campaign. Now it's inching closer to reality. The idea is firmly planted in the sprawling tax cuts ...

Only tips reported to the employer and noted on a worker's W-2, their end-of-year tax summary, would qualify. Payroll taxes, which pay for Social Security and Medicare, would still be collected.

OTTAWA, Ontario--(BUSINESS WIRE)--The Cannabis Council of Canada echoes the urgent need for excise tax reform as outlined in Deloitte's 2025 study on the Impact of the Cannabis Excise Tax.

Properly accounting for crypto assets on your balance sheet is essential for accurate tax reporting and financial transparency. Crypto trading activities should be recorded like stock trading ...

Both Directives increased the minimum ad valorem excise tax rate to 50%. In addition the ECOWAS Directive introduced a minimum specific tax (US$ 0.02/stick), but the WAEMU Directive did not. This ...

Sheet 3, of High Vista Country Club, Inc., and is shown on the County’s GIS system as “0 Poplar Drive”, with real estate identification number 1005790 (PIN 9633137388), and with a tax value of $70,200 ...

That’s because a new tax has been proposed in the US – one that is aimed at these remittances specifically. A U.S. bill proposes a 5% excise tax on any remittances that originate in the US to any ...

The payments, known as remittances, would be subject to a 5% excise tax that would encompass more than 40 million people, including green card holders and nonimmigrant visa holders, such as people ...

MANILA – A group of health advocates on Friday urged Senator Sherwin Gatchalian to reject the bill proposing to lower the excise tax rates on cigarettes. The Committee on Ways and Means, chaired by ...