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The Internal Revenue Service is set to have a new leader at its helm-and for the first time in several years, the candidate will have a background in tax law. Several news outlets have reported that President Trump is allegedly preparing to nominate California-based tax lawyer Charles Rettig to serve as the commissioner of the […]

The national tax overhaul of last year implemented significant tax cuts for private citizens and corporate entities alike. Not to be outdone, Missouri governor Eric Greitens has announced a plan to slash tax rates statewide. If the governor’s proposal is successful, Missouri taxes could be reduced by an estimated $800 million. Governor Greitens outlined his

Tax debts can affect more than just your finances—they can also affect your ability to travel. If you have outstanding tax payments, you may find that they can have a significant effect on your passport. The IRS has released a new notice that details how your tax debts may impede your future travels. The IRS

Over the past year, cryptocurrencies like Bitcon and Ethereum have soared in popularity. Once an underground trend known only to a select few investors, cryptocurrency is now better known than ever. But as more people choose to invest in Bitcoin and other cryptocurrencies, they are encountering an issue that they probably hadn’t thought about: How

Everyone has to pay taxes, and everyone usually tries to pay as few taxes as possible. There are a few legal ways to use the tax code to one’s advantage. This is generally considered tax avoidance, and it is not necessarily a bad thing. There are also a few illegal ways to exploit the tax

The Internal Revenue Service’s Criminal Investigation Division (CI) has released its annual report detailing the investigation of tax-related criminal activity. Every year, the agency releases this report in order to highlight its major accomplishments in pursuing financial crime. This year’s report shows a decrease in the number of cases that the CI was able to investigate, but

The nation is currently facing a massive tax overhaul at the national level, and so is Missouri in its state legislature. Two proposals currently in the Missouri House and the Missouri Senate aim to significantly overhaul the state’s tax code. Notably, the legislation would increase tax cuts, cap several tax credits and decrease state revenue

Any fan of the TV show Seinfeld remembers the classic soup restaurant episode and its now-infamous star character: A chef with strict orders on how customers were allowed to order soup. The television episode is a mainstay of ’90s pop culture and has popped up again in 2017– for a much less funny reason. The former Chief

What are some things that go well with donuts? Coffee, milk, hot tea and… a sales tax dispute? No, taxes are not something that most people associate with donuts. But for one popular chain of donut shops located in Missouri, the two seem to go hand in hand. The popular donut-and-coffee chain Tim Hortons recently