Tag #Tax Filing

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cnbc.com

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Jan 17, 22:10

Direct File's Future Uncertain Amidst Republican Opposition

The IRS's Direct File free tax filing program, which processed 140,000 returns in its 2024 pilot across 25 states saving taxpayers an estimated \$5.6 million, faces an uncertain future due to Republican opposition under the incoming GOP administration.

Direct File's Future Uncertain Amidst Republican Opposition

The IRS's Direct File free tax filing program, which processed 140,000 returns in its 2024 pilot across 25 states saving taxpayers an estimated \$5.6 million, faces an uncertain future due to Republican opposition under the incoming GOP administration.

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What are the core arguments for and against the Direct File program, and how do these arguments reflect broader political ideologies?

Despite a successful pilot program, Direct File faces political division. Democrats highlight its cost savings (\$5.6 million in the pilot, potentially billions more) and efficiency gains. Republicans, however, criticize its cost (\$24.6 million pilot cost plus \$2.4 million in operational costs) and potential for government overreach, advocating for its termination.

kathimerini.gr

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Dec 15, 01:06

Greece: New Tax Assessment System with Penalties for Late Submissions

Greece's AADE can now issue tax assessments based on available data if tax returns are not submitted by July 15th, imposing penalties for late submissions and offering early submission bonuses; organizations failing to provide timely data face fines.

Greece: New Tax Assessment System with Penalties for Late Submissions

Greece's AADE can now issue tax assessments based on available data if tax returns are not submitted by July 15th, imposing penalties for late submissions and offering early submission bonuses; organizations failing to provide timely data face fines.

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What are the long-term implications of this new system for tax compliance and efficiency in Greece?

The AADE's ability to issue estimated tax assessments based on available data creates a system where timely submission is crucial. This impacts not only individual taxpayers but also organizations responsible for providing timely data, facing penalties for delays or inaccuracies. This new process streamlines tax collection but increases the importance of data accuracy and timely submissions.

Showing 25 to 26 of 26 results