An arcane levy extends its reach

Article Abstract:

More people and small businesses have to pay the alternative minimum tax, a tax originally designed to ensure that wealthy individuals and profitable firms pay their fair share of taxes. One reason why more people are paying the tax is that the provisions have not been adjusted for inflation.

Corporate Income Taxes, Minimum tax

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Keeping track of tip income

Article Abstract:

The IRS's Tip Rate Determination/Education Program holds businesses responsible for getting their employees to accurately report their tip income. There are two types of agreements with the IRS that businesses can choose from to assure their compliance.

Taxation, Tipping, United States. Internal Revenue Service

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