Apex Tax Lab

03/31/2023

Capital

States can better position themselves for success by moving away from economically-damaging taxes like the capital stock tax.

03/30/2023

Why Should You Address Your Back Taxes?
If you receive income legally, the IRS probably already knows about it — employers report payroll details directly to the tax authorities. Even if your income is obtained illegally or goes unreported, you must still pay the appropriate taxes. (Al Capone learned this the hard way, earning 11 years in prison for failing to file back taxes on the profits from his mafia enterprises.)

03/30/2023

Hi Tax Family. There is still time to file your taxes before the April 18th deadline. Upload your documents online at www.apextaxlab.com to get started today! 817-532-6103 Ask for Mazel

03/30/2023

There are many ways to show how much is collected in TAXES by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement.

Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.

03/29/2023

Friendly Reminder.
Tax Deadline April 18
www.apextaxlab.com
817-532-6103

03/29/2023

The state’s 7 percent tax on high earners’ capital gains income is now firmly established—first payments are due April 18th—and it’s difficult not to think a wage income tax is coming.

The Washington Supreme Court not only gave its blessing to a capital gains tax that runs afoul of the state constitution, but it also set out a welcome mat for legislators eager to implement a broader income tax.

03/29/2023

A property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services.

03/28/2023

Understand The Branches of the Government

03/28/2023

Quick Tip: A property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services.

As housing prices are rapidly increasing, and property tax bills along with them, the property tax has come into the spotlight in many states. The design of a state’s property tax system can affect how attractive that state is to businesses and residents.

03/27/2023

Each branch of GOVERNMENT can change acts of the other branches:
The PRESIDENT can veto legislation created by Congress and nominates heads of federal agencies.
Congress confirms or rejects the president's nominees and can remove the president from office in exceptional circumstances.
The Justices of the Supreme Court, who can overturn unconstitutional laws, are nominated by the president and confirmed by the Senate.

03/27/2023

Check out Tax Proposals for your own State

As nature bursts into life and color with the arrival of spring, state tax proposals are doing the same as the legislative seeds planted by lawmakers earlier this year start to grow, blossom, and in some cases rot. However, some governors are not entirely happy with what state lawmakers have produce...

03/27/2023

IRS Announces 2024 Increases...

Rev. Proc. 2023-17 (Mar. 9, 2023) Available athttps://www.irs.gov/pub/irs-drop/rp-23-17.pdf The IRS has announced 2024 indexing adjustments to the applicable dollar amount used …