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Sales tax and the Navajo Nation

TaxConnex

should know that sales tax obligations for these sovereign nations and territories resemble those obligations in other areas of the U.S. Areas such as the Navajo Nation have tribal sovereignty; for tax purposes, this means their sales tax laws are separate from the states within which they reside.

Sales 213
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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

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How New Business Start-up Expenses are Handled on your Tax Return

RogerRossmeisl

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. You should be aware that the way you handle some of your initial expenses can make a large difference in your federal tax bill. From June 2020 through June 2021, the U.S.

Start-ups 246
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Starting a Business? How Expenses will be Treated on your Tax Return

RogerRossmeisl

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. If you’re one of the entrepreneurs, you may not know that many of the expenses incurred by start-ups can’t be currently deducted on your tax return. And the U.S. from April 2023 to May 2023).

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Treasury Has Issued Auto Dealers >$580 Million in Advance EV Tax Rebates This Year

RogerRossmeisl

According to the Treasury, the US government has provided auto dealers with >$580 million in advance payments for consumer electric vehicle (EV) tax credits since 1/1/2024. A total of 85,000 time of sale tax reports were filed for new electric vehicles (EVs), and more than 90% of these reports included.

Tax 257
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Is Your Income Tax Withholding Adequate?

RogerRossmeisl

When you filed your federal tax return this year, were you surprised to find you owed money? Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

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Understanding Nevada LLC Taxes

inDinero Tax Tips

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

Nevada 105