Monday, December 25, 2017

Google Alert - tax

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tax
Daily update December 25, 2017
NEWS
The measurement of income tax expense under GAAP is based on the law as enacted and the President's signature is the final step in enactment. Blake Crow ... For the next twenty years your income tax expenses will be a little lower than what you have to pay and that liability will gradually be reduced.
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The Montgomery County Council is doing a second about-face on whether to try to quickly pass legislation enabling residents to prepay their 2018 property taxes, in an effort to lessen the impact of the just-approved GOP tax overhaul. Two days after saying they would not rush a bill through, the council ...
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A few breaks in the tax overhaul may soften the blow of sky-high child care expenses. The Tax Cuts and Jobs Act, the GOP's overhaul of the tax code, includes an enhancement of the child tax credit, doubling it to $2,000 per qualifying child. Lawmakers also expanded the availability of the child tax credit ...
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The difference in wording is because while they had to go to Bethlehem for the census, probably around 4 BC actually, the whole point to the census was so that a tax could be properly levied later on, around 9 AD I think. I think the KJV is a little inaccurate to say it was for the tax since that happened 10 ...
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The $1.5 trillion plan cuts taxes broadly while bestowing its richest benefits on companies and wealthy individuals. It is the first major legislative achievement for a president who rode to the White House with the full-throated backing of people like Banks who felt America's economic policies needed a ...
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President Donald Trump joined his family at their "Winter White House" for the holidays Friday night after signing the GOP Tax Bill into Law, and reportedly told wealthy friends dining at Mar-a-Lago "you all just got a lot richer." Days before heading away for the holidays, Trump told White House reporters ...
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DUBLIN — People love a good story at this time of year, and preferably one with a twist. Recently, Ireland was stirred by the story of two men in Dublin who, three days before Christmas, married for tax reasons. The local news media flocked to a civil registration office in Dublin on Friday to witness the ...
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While Republicans celebrate a massive tax overhaul they say will goose the economy and increase workers' take-home pay up and down the income ladder, Democrats are aiming to turn the tax law into a cudgel in next year's fight to retake control of Congress and to dent GOP advantages in ...
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A Louisiana state legislator wants to cut off tax breaks and other funding for the state's only NFL franchise, the New Orleans Saints. State Rep. Kenny Havard, a Republican, objects to player protests during the pregame national anthem. He plans to propose an amendment to strip any state funding that ...
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In ramming through Congress a huge package of tax cuts the Trump Republicans finally racked up their first and only major legislative "win" of 2017. But at what a cost: the betrayal of their professed principles and political commitments, all to achieve a result likely to be fleeting because Republicans ...
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Unfortunately, it is also the highest taxed state due to the California State Legislature, which irresponsibly raises taxes and spends beyond its means. From income to property to gasoline, there is nothing Sacramento will not tax. After witnessing the fiscal recklessness of the Democrat supermajority in ...
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Sen. Bernie Sanders said Sunday the tax overhaul signed by President Donald Trump on Friday will ultimately fail because it focused on the wealthy at the expense of the middle class. "This legislation makes a bad situation worse and it drives up the deficit," the Vermont independent said Sunday on ...
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Gail Trachtenberg and Lewis Eron prepay part of their 2018 property tax bill at the township building in Cherry Hill, N.J. on Thursday, Dec. 22, 2017. People across the country have been trying to prepay property taxes before a federal tax overhaul kicks in and caps deductions for state and local taxes.
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Our question was, "How do you think the proposed tax bill will affect your operation?" Of the 692 responses, 66% of farmers told us they don't know what to expect. Eighteen percent said they are concerned the tax package will hurt their operations, either because of estate taxes or because they won't be ...
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One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is "just putting money in the pocket of the wealthy." And in Kansas, a Democratic candidate for governor says it's "a recipe for disaster" that previews inevitable cuts to popular ...
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In the week leading up to Christmas, Trump gave and received a good number of gifts, including some "me time" at Camp David, a potential pardon for Flynn, and a sentence commutation for Sholom Rubashkin. None, however, were as big as the tax break Congress is giving many of its own members, ...
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The $1.5 trillion Republican tax overhaul doesn't kill various tax credits driving Detroit development, but changes in the plan have sparked debate whether it will slow or increase investments in city property. "The changes aren't as dramatic," said Ben Phillips, vice president of real estate for Develop ...
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Last week, Congress passed a business-friendly tax reform bill that will reduce the statutory corporate tax rate from 35% to 21%. Furthermore, businesses will be allowed to "expense" their capital expenditures for the next five years, further reducing the cash tax liabilities of companies in capital-intensive ...
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For those of you who don't know, this guy is the US Treasury Secretary. His name is Steven Mnuchin and he helped formulate and pitch President Donald Trump's tax plan, which was recently passed by the Republican-controlled Congress and has come under fire for shortchanging the American middle ...
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Though healthcare reform failed on many accounts, tax reform has not. After some smoothing over, a reconciled tax bill between House Republicans and GOP Senators passed muster in Congress and won President Trump's signature to become law. The new law, known as the Tax Cuts and Jobs Act, ...
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Trump himself said the passage of the tax bill made it easier for all of the Republicans to be in a good mood. "We got together and we worked very hard, didn't we?" Trump said from the South Lawn of the White House. "Seems like it was a lot of fun. It's always fun when you win. If you work hard and lose, ...
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This year, though, we've had a tax rally, thanks to Donald Trump's business-friendly fiscal reforms, which finally made their tortuous way through the US legislative process. With just a few days left until the end of the year, US and UK markets are close to their record highs, with the FTSE 100 hitting a new ...
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Lee Price, former chief economist of the House Appropriations Committee and fellow at the Institute for Policy Studies, said although jobs went up in the years after the named tax cuts, one could also argue that the tax hikes of 1993 and 2010 were responsible for the creation of millions of jobs for the ...
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Democrats had waged a fierce opposition campaign against the tax-cut bill, arguing that it will help the nation's wealthiest individuals and corporations get richer, while disproportionately hurting millions of middle-class households with higher taxes. Trump earlier in the day attacked the news media for ...
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The news that Colorado is on a collision course with another government-shrinking property tax cut landed with a thud. One lawmaker called the analysis "very disturbing." Text messages flying between lobbyists and local government officials took on an increasingly morbid tone. And for many at last ...
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The polls sponsored or cited by news organizations indicate that only between one-third and half of all Americans support the tax cuts signed into law Friday by President Trump. But the first thing to remember about these polls is that they were conducted by the same pollsters who told us Hillary Clinton ...
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Despising taxes is a quintessential American attitude, and one we come by honestly. The American Revolution was fueled in part by a rowdy tax protest known as the Boston Tea Party. Two centuries later, antipathy to high taxes spurred the Reagan Revolution. The Republican Party, recast in Ronald ...
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With tax reform monopolizing much of the news these past few months, it's not shocking to learn that countless Americans have IRS matters on the brain. But what is surprising is that so many folks don't seem to know when these changes will take effect. Nearly three-quarters of Americans think the new ...
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"We are always encouraged when there is an open discussion on reducing federal corporate tax rates, as we pay approximately 36 percent of our income in corporate taxes," he wrote. "The potential for decreased tax rates brings the opportunity for us to pursue increased investments, diversification, and ...
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Congress passed the GOP tax plan last week, despite a number of hurdles facing Republican lawmakers, including concerns among some about its impact on the nation's deficit. Now, Kudlow expects to defy expectations again with predictions that the bill will not add to the deficit but rather "pay for itself.
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The company will experience a reduction in annual income tax expense of around $50 million, or $0.36 per share, in addition to a one-time benefit on a reduction in net deferred tax liabilities of about $29 million. However, the new corporate income tax structure, in particular the introduction of limitations ...
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An oil portrait of a young Donald Trump can be seen on the wall of the his Mar-a-Lago estate and club in Palm Beach. [Scott Keeler | Tampa Bay Times]. President Trump kept up the celebration of the tax cuts and told Mar-a-Lago guests Friday night that "You all just got a lot richer." On Sunday, the ...
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By now, it's no secret that the sweeping tax reform package approved by Congress last week includes a bunch of provisions that help the oil and gas industry. As the Washington Post reported, cutting the corporate income tax rate alone will likely add $1 billion to the profits of U.S. oil and gas exploration ...
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LANSING, Mich. – New economic development tax incentives and the cost of retirement benefits for public-sector workers dominated Michigan's list of new laws in 2017. Gov. Rick Snyder and lawmakers also approved measures designed to fix a troubled unemployment benefits system and to keep ...
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In Florida, President Trump spent part of his holiday weekend attacking FBI Deputy Director Andrew McCabe. Why has the president taken aim at McCabe at this particular moment? Facebook; Twitter; Flipboard; Email. Subscribe to the NPR Politics Podcast. Listen on NPR One · Apple Podcasts · Google ...
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Then there is the just-passed tax reform bill, which Trump has repeatedly touted as one of the biggest legislative achievements of his administration. Although that $1.5 trillion bill offers significant advantages to corporations and the wealthy, only half of the 20 percent of Americans at the bottom of the ...
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"If your deduction for state and local income taxes plus real estate taxes -- commonly referred to of late as the 'SALT' deduction -- will exceed $10,000 for 2018 even with you prepaying the Feb. 1 tax bill in December, then you have nothing to lose by doing so as the deduction will otherwise be wasted," ...
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Last week, Congress delivered on an important promise with a once in a generation vote to enact tax reform. The Tax Cuts and Jobs Act overhauls our tax code for the first time in three decades by cutting taxes for hardworking taxpayers, small businesses and West Michigan companies. This legislation ...
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The sweeping, $1.5 trillion tax overhaul package passed by the Republican-led Congress and signed Friday by President Donald Trump, doubles the standard deduction. That's expected to reduce the portion of taxpayers who itemize deductions — including charitable giving — from 35 to as low as 5 ...
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The new tax reform bill is now law, and taxpayers can expect a lot of changes to take place in 2018. Reduced tax rates, higher standard deductions, and higher child tax credits for families are just a few of the perks that individual taxpayers will see next year. To pay for these tax breaks, however, ...
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Mallinckrodt (NYSE:MNK) says the GOP's Tax Cut and Jobs Act will be neutral to modestly positive on its non-GAAP tax expense. If enacted, as expected, it will have a deferred tax benefit of $450M - 500M mainly associated with a reduction in its interest-bearing U.S. deferred tax liabilities ($1.6B as of ...
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But the Scottish government announced that beginning next year, properties must have a "rateable value" of less than £1.5 million to be eligible for the tax break, according to the Sunday Herald. The Trump Turnberry's rateable value is just over £1.6 million, or about $2.1 million. Trump's other golf ...
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SAN FRANCISCO (CBS SF) — When San Francisco-Marin Food Bank Director Paul Ash is asked about the impact the new tax law will have on his operation, concern quickly becomes etched across his face. Ash fears the changes signed into law by President Donald Trump will lead to a decrease in ...
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Assemblyman and gubernatorial candidate Travis Allen was the first to prepare a ballot measure calling for the repeal the state's new gas tax, but a second proposal is gaining momentum while Allen's is poised to die. The Huntington Beach Republican submitted his plan to state elections officials in ...
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WEB
Tips to take advantage of new tax law before 2018
Business columnist Gene Marks advises, if possible, take deductions in 2017 and move income to next year when tax brackets will be lower.
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Trump defends new tax-cut bill amid negative polls
President Trump on Sunday touted provisions in the recently-passed GOP tax plan, while pushing back against polls that indicate the measure is unpopular among the U.S. public. "The Tax Cut/Reform Bill, including Massive Alaska Drilling and the Repeal of the highly unpopular Individual Mandate, ...
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Climate Change, Wall Street, New Tax Law
By FactCheck.org; Posted on December 23, 2017. AddThis Sharing Buttons. Share to Facebook Share to Twitter Share to Tumblr Share to Email. Categories: Articles. author: FactCheck.org · Previous story Trump Inflates Tax Benefits ...
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NYT Pushes Trump View of Tax Cuts in Major News Stories
Most economists didn't accept the view that the corporate tax cuts pushed through by the Trump administration and the Republican would lead to a large increase in investment in the United States. (See for example, this piece by Larry Summers.) This is why few accepted the claim that the additional ...
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Trump told billionaire friends new tax law makes them richer: Report
US President Donald Trump told a group of his billionaire friends shortly after signing the historic US tax bill into law that they all became wealthier, a new report has revealed. "You all just got a lot richer," Trump said Friday at a dinner at Mar-a-Lago resort in Florida hours after signing the landmark bill ...
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Tax Bill Update: Should You Prepay Property Taxes Before 2017 Ends?
The new tax bill was officially signed into law this past Friday. Folks may have an opportunity to save thousands on their tax bills by prepaying 2018 property taxes before the clock runs out this year. Here's who is affected.
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Tis' the season to be jolly?, or Who needs the child tax credit?
interest in sex peaks sharply online during major cultural and religious celebrations, regardless of hemisphere location. This online interest, when shifted by nine months, corresponds to documented human births, even after adjusting for numerous factors such as language and amount […]
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Tax Reform 2017 Survey
Taxes are too complicated. The tax code unfairly benefits corporations and wealthy Americans. Students should be able to write off interest on their student loans. We should not cut taxes before reducing the deficit. The tax code is fine as it is. None.
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I Am not a Tax Lawyer
The new tax plan appears to make deducting charitable donations harder, but that just means that effective altruists get to have more fun gaming the code. I offer five schemes to get tax benefits from your donations, just remember that I'm not actually a tax lawyer.
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Dems aim to turn tax plan into cudgel in 2018 midterms
Democrats hope the new tax overhaul will give them a winning issue in 2018 midterm elections.
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Volunteer Income Tax Assistance
Volunteer Income Tax Assistance. Free Income Tax Preparation by VITA (Volunteer Income Tax Assistance) IRS-certified volunteers will provide free basic income tax return preparation to qualified individuals who earned $54,000 or less. Saturday April 8 and April 15 10 a.m.-3 p.m.. Mitchell Park Library
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Those Tax-and-spend Republicans
OK the Republicans got their tax plunder law. They win, we lose. Some 83 percent of the $benefits will go to the top 10 percent of wealthy Americans. A last-minute add-in will mostly benefit Trump and other wealthy real estate developers/investors. Buck-naked corruption. The health care crumbs ...
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City Wide Income Tax
Take a look at our Home page. City Wide Income Tax is a full service tax, accounting and business consulting firm located in Brooklyn, NY.
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On Building a Real Socialist Tax System
Nobody can really claim to understand the amerikan tax code. Lawyers try to, and, in fact, they like the way taxation works in the united $tates at the moment precisely because they are the only ones who can even begin to sift through it and draw meaning from the well over 70000 pages it takes…
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Tax law has some looking to prepay property taxes
Now that the Republican tax reform plan is the law of the land, many Granite Staters are scrambling to make financial arrangements in anticipation of the changes.
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It's the most wonderful time of the year – tax time!
It's about that time of the year again! And I don't mean the Holiday Season. I mean everybody's REAL favorite time of the year... TAX SEASON!Are you ready to help save military members $40000 in tax preparation fees? Are you ready to help return $500000, Displays the commentary articles.
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Bitcoin tax passes both houses of congress making altcoin exchange a taxable event ⋆ ZyCrypto
A new Bitcoin tax has been introduced in America that will make "like kind" exchanges between cryptocurrencies a taxable event. The transfer of currency, say between Bitcoin and Ethereum, used to be a "like kind" exchange similar to trading property or works of art. The tax change, however, makes the.
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Donald Trump changes his mind about tax bill signing for the dumbest reason possible
This week we brought you the saga of how the Republican Party frantically rushed the tax scam bill through Congress, only for Donald Trump to suddenly announce that he was going to refuse to sign it until next month, while providing a nonsensical explanation. Then the next day he changed his mind ...
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Adults
Free tax help provided by certified volunteers is available to assist low or moderate income taxpayers complete basic tax returns for Federal and State taxes. These trained volunteers can help with earned income credit, child tax credit, education credits, and homeowner/renter credit. All ages are ...
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"You All Just Got A Lot Richer" - Trump Confirms The Biggest Problem With The GOP Tax Cut
As we've pointed out time and time again, the biggest problem with the Trump tax cuts is that they overwhelmingly benefit the rich. In fact, shortly after the initial nine-page outline of the program was unveiled by Gary Cohn and Steven Mnuchin, the nonpartisan Tax Policy Center released an analysis that ...
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Tax Bill May Cause Charitable Giving to Dry Up
"Many U.S. charities are worried the tax overhaul bill signed by President Trump on Friday could spur a landmark shift in philanthropy, speeding along the decline of middle-class donors and transforming charitable gift-giving into a pursuit largely left to the wealthy," the Washington Post reports.
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Donald Trump-owned Scottish golf resort loses tax break
load more comments (1 reply). load more comments (5 replies). [–]Mattho 355 points356 points357 points 7 hours ago * (94 children). Why would a golf resort ever should get a tax break? Honestly. They are covering (restricting access to people) huge areas, are horrible for environment, I'd assume high ...
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ABS Tax Svc Philadelphia, MS 39350
Get reviews, hours, directions, coupons and more for A B S Tax Svc at 286 W Beacon St, Philadelphia, MS. Search for other Tax Return Preparation in Philadelphia on YP.com.
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Trump Tells Friends At Mar-A-Lago After Signing Tax Bill
President Trump kicked off his holiday weekend at Mar-a-Lago Friday night at a dinner where he told friends, "You all just got a lot richer," referencing the sweeping tax overhaul he signed into law hours earlier. Mr. Trump directed those comments to friends dining nearby at the exclusive club — including ...
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Property Tax Consultant Jobs
Find new property tax consultant jobs at Randstad. We have property tax consultant jobs, including temporary and permanent positions to help you reach your career goals.
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an appropriate response to Trump's remarks on tax cut
made to fellow fat cats at Mar-a-Lago can be seen in the following tweet from Randi Weingarten of the American Federation of Teachers. Note whose words she quotes, and that they are part of a national memorial: x. Guess #FranklinRoosevelt would have disagreed w/ Trump & the GOP’s ...
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Tax Reform's Impact on Corporations and Pass-Through Entities
The monumental passing of the Tax Cuts and Jobs Act results in historic tax reform impacting nearly every American. This CPE course provides a comprehensive overview of the changes impacting corporations and pass-through entities. Topics Discussed: Overview of tax reform's impact on corporations ...
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