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 ...

Lots of wage earners only file tax returns once a year. But small business owners, including the self-employed, have ...

The bill modifies the revenue distribution from excise taxes on rum produced in or imported from Puerto Rico and the U.S. Virgin Islands.

The New Whiteland Town Council approved a wheel tax and excise tax Wednesday in response to a new state law that requires the taxes for Community Crossings funding. Daily Journal file photo A few ...

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 ...

PTI said tax policies and illicit trade are inextricably linked as the organization pushes for the recalibration of tobacco excise taxes and enhancement of enforcement and prosecution efforts.

The news comes after President Donald Trump’s agenda package from the U.S. House that would increase an excise tax on foundations like Mott. The Mott Foundation is a familiar name in Flint ...

The PTI said untaxed cigarettes sometimes sell for less than the excise tax rate of P66.15 per pack. “There is overwhelming evidence that illegal tobacco and vape products are exploding across the ...

Pernod Ricard, the global liquor giant behind brands such as Chivas Regal, Absolut Vodka, 100 Pipers, and Glenlivet, will continue to remain absent from Delhi’s retail shelves and bars as the ...

Now the GOP-led committee is expected to propose raising endowment excise taxes from 1.4 percent to up to 21 percent, depending on endowment value per student, Punchbowl News, Politico and other ...

Republicans in the House have included a major hike in the endowment tax in their sweeping tax and spending legislation. The text of the tax portion of the legislative bill, released Monday by the ...

On May 22, the House of Representatives passed H.R. 1, “The One, Big, Beautiful Bill Act,” legislation authorized under the FY 2025 concurrent ...