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Tax ID Fraud is Taxing on Financial Institutions

Abrigo

Understanding tax ID fraud FinCrime professionals looking to prevent tax ID fraud, first need to understand the fundamentals of what is happening and their best recourse for prevention. Would you like other articles like this in your inbox? Stolen Identity Refund Fraud (SIRF) is a silent but dangerous aspect of the tax world.

Taxes 195
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French Lower Parliament Passes Big Tech Tax Bill

PYMNTS

France’s lower parliament has passed a proposed tax that targets the revenue of tech giants like Google , Amazon and Facebook. Last month, France’s finance minister announced the 3 percent tax, which targets digital businesses with €750 million ($845 million USD) in global revenue and €25 million in domestic revenue.

Taxes 108
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How To Claim Tax Break On An ELSS SIP While Switching Jobs

BankBazaar

This article should help you put all your concerns to rest. As per tax rules, you should make investment declarations to both your employers – your previous as well as your current. Additional Reading: Aditya Birla Sun Life Tax Relief 96. Additional Reading: Tax-Saving Options Beyond Section 80C. What Is Form 12B?

Taxes 179
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EU ‘Link Tax’ May Shutter Google News Abroad

PYMNTS

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories.

Taxes 144
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Avoiding the crushing sound of tax season

Abrigo

“The hardest thing in the world to understand is the income tax.” Albert Einstein We could list many other amusing quotes about taxes and tax season. Tax season, as accounting firms know, is not just busy. Unless you intend to leave the firm, you're on board for taking care of whatever business tax season brings your way.

Taxes 150
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ERC for Banks – Told You Are Not Eligible? Find Out

South State Correspondent

In the article, we explore the myths around eligibility and provide many banks with a path forward. We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. The average tax rebate is approximately $1.5

Georgia 195
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2021 Tax Proposals

TrustBank

On September 15, the House Ways and Means Committee approved the tax provisions of the Build Back Better Act (BBBA), the legislation intended to implement President Biden’s social and education reforms. This proposal would be effective for tax years beginning after Dec. net investment income tax + 3% high income surcharge).

Taxes 52