ProPublica: The Most Common IRS Tax Forms You’re Likely to Come Across When Filing

ProPublica: The Most Common IRS Tax Forms You’re Likely to Come Across When Filing. “For those who haven’t filed yet, we recommend checking out our guide to filing your state and federal taxes completely for free, looking to see if you qualify for the Earned Income Tax Credit (EITC) or learning how to track your refund. Though the IRS offers the option of paper filing, with the current COVID-19 state of affairs — and a backlog of 11 million paper returns and documents — the agency is encouraging taxpayers to file electronically to ensure prompt payment of refunds and avoid filing errors. Most paid and free tax prep services will tell you which forms you need to file, but if you’re still confused, see below for a list of the most commonly used tax forms.”

Reuters: Indonesia imposes 10% VAT on Amazon, Google, Netflix and Spotify

Reuters: Indonesia imposes 10% VAT on Amazon, Google, Netflix and Spotify. “Indonesia imposed a 10% value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances.”

The Verge: How to file and pay your 2019 taxes online

The Verge: How to file and pay your 2019 taxes online. “Back in March, when it was recognized that the COVID-19 pandemic was taking hold in the US, the IRS extended the filing deadline and the deadline for federal tax payments so that those of us who suddenly had to figure out how to work at home or handle homeschooling would get a break from dealing with taxes. The vacation is over. The new deadline for filing your 2019 taxes is July 15th, and it is fast approaching. Whether you’re a full-time worker dealing with a single 1040 or a freelancer / gig worker getting a series of 1099s, the fastest way to pay the piper these days is to do it online.”

Billionaires By The Numbers: New Website Offers Insights Into Nation’s Biggest Fortunes (Americans for Tax Fairness)

Americans for Tax Fairness: Billionaires By The Numbers: New Website Offers Insights Into Nation’s Biggest Fortunes. “A new website launched today provides in-depth insights into the startling reality of America’s billionaires—their growth in numbers and fortunes over recent decades, staggering real-time net worth, and growing political influence. ‘Billionaires by the Numbers’ tracks the fortunes of U.S. billionaires and is particularly vital right now for a nation confronting long-standing economic injustice brought to light by disease, recession and racial oppression.”

The Register: Yahoo! owes! us! one! billion! dollars! in! back! taxes! say! US! govt! beancounters!

The Register: Yahoo! owes! us! one! billion! dollars! in! back! taxes! say! US! govt! beancounters!. “Yahoo! is still causing problems beyond the grave. The former tech giant, sold in 2017 to Verizon, branched off as separate company Altaba, and then dissolved in 2019, is still sitting on $13bn in cash. And, according to the US tax authorities, $1bn of that is owed to Uncle Sam.”

ZDNet: Intuit’s new tool helps small businesses determine coronavirus tax credit eligibility

ZDNet: Intuit’s new tool helps small businesses determine coronavirus tax credit eligibility. “Intuit on Wednesday announced it’s adding new features to an online tool designed to help small businesses and self-employed individuals wade through the federal government’s complex coronavirus relief programs. The new estimator tool on the Intuit Aid Assist site specifically helps customers estimate the tax credits and deferments they may be eligible for from the CARES Act and the Families First Coronavirus Response Act.”

The Conversation: Google and Facebook pay way less tax in New Zealand than in Australia – and we’re paying the price (New Zealand Herald)

New Zealand Herald: The Conversation: Google and Facebook pay way less tax in New Zealand than in Australia – and we’re paying the price. “While the internet has created new opportunities for media and audiences alike, those opportunities have come at a price. Traditional media organisations now compete with giant digital platforms, not only for the attention of readers, but also for the advertising revenue that was once their lifeblood. Adding insult to injury, the digital platforms compete for audiences’ attention partly by distributing the news content that was first created and published by those now-struggling media organisations. This not only damages the media and public discourse, it is harmful to taxpayers.”

Economic Times: ‘Google tax’ could draw reprisal, US cautions India

Economic Times: ‘Google tax’ could draw reprisal, US cautions India. “India’s 6% equalisation levy on foreign online advertising platforms may impede its overseas trade and increase the risk of retaliation from countries where Indian companies are doing business, the US has cautioned. This is because its provisions do not provide credit for tax paid in other countries for the service provided in India, it said.”

Washington Post: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds

Washington Post: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds. “More than 80 percent of the benefits of a tax change tucked into the coronavirus relief package Congress passed last month will go to those who earn more than $1 million annually, according to a report by a nonpartisan congressional body expected to be released Tuesday.”

Coronavirus stimulus checks: TurboTax launches tool to help Americans who don’t file tax returns (Yahoo Money)

I feel ambivalent about this one as it involves Turbo Tax and I do not trust Turbo Tax at all. But it is in association with the IRS. So here it is. Yahoo Money: Coronavirus stimulus checks: TurboTax launches tool to help Americans who don’t file tax returns. “TurboTax has launched a new stimulus registration tool in partnership with the Internal Revenue Service to help low-income Americans who don’t usually file taxes get their stimulus aid checks. The tool is free and allows people to file a minimum tax return with the IRS to determine if they’re eligible for the stimulus payment. If eligible, users will need to answer a few questions and choose whether to get the payment though direct deposit or check.”

TechJaJa: How is Uganda’s Social Media Tax impacting Citizens Two years later?

TechJaJa: How is Uganda’s Social Media Tax impacting Citizens Two years later?. “As of 23rd March 2020, Uganda has only confirmed one case of the novel coronavirus. The President of Uganda recently issued directives which saw all schools in Uganda closed effective March 20, all gatherings banned, the border’s closed, international flights banned, citizens urged to stay home and many others in order to curb the spread of the virus. But some of the measures for curbing this virus such as having people work remotely, students study at home and an increased reliance on digital transactions, are all hindered by Uganda’s social media and the mobile tax that was introduced in the country in July 2018. “

CNN: US tech companies will be hit with new UK tax in just three weeks

CNN: US tech companies will be hit with new UK tax in just three weeks. “Britain will start charging a tax on digital services in three weeks despite fierce opposition from Big Tech and the US government. The UK government said Wednesday that it’s moving ahead with a 2% tax on revenue from digital services such as search and advertising starting on April 1.”

Bloomberg: When Big Tech Goes Green, Taxpayers Help Foot the Bill

Bloomberg: When Big Tech Goes Green, Taxpayers Help Foot the Bill. “Google is hardly the only company to shield its identity as it negotiates with local governments and utilities. The practice is becoming standard among the technology industry’s biggest companies. As it builds out its data center footprint, Facebook consistently conditions potential deals on the utmost secrecy.”

Route Fifty: Taxing Internet Ads Could Raise Lots of Money, but Doubts Persist

Route Fifty: Taxing Internet Ads Could Raise Lots of Money, but Doubts Persist. “Massive amounts of money are at stake in the fights. Facebook and Google are expected to account for about half of the $385 billion global digital ad market in 2020, according to eMarketer, a firm that tracks digital advertising. Facebook alone could make between $38 million and $76 million in a one-time sale of users’ data, according to an estimate by Investopedia, a financial advice website.”