Friday, December 8, 2017

Google Alert - tax

Google
tax
Daily update December 8, 2017
NEWS
Career development often starts with education, and the House version of the tax bill removes the student loan interest deduction and employer-provided educational assistance. Simply put, it makes getting an education more expensive for people who do not have the immediate cash to pay for it.
Google Plus Facebook Twitter Flag as irrelevant
"The production tax credit has destroyed the energy market, especially in the Midwest," the employee, Jessica Unruh, who is also a state representative, told the president. "Wind production has really eroded our state tax base and replaced coal production when it comes to electricity production.".
Google Plus Facebook Twitter Flag as irrelevant
Details remain to be settled, but an initial look at the Republican tax plan suggests my family will take home about $14,000 more next year because of these reforms. Like most of the people reaping benefits from this plan, my family doesn't need it. We enjoy money, so we're pretty stoked about having ...
Google Plus Facebook Twitter Flag as irrelevant
Wealthy Americans may get a new conduit for political money in the tax overhaul bill now being reconciled on Capitol Hill. A small provision in the House version of the bill would let big donors secretly donate unlimited amounts to independent political groups — and write off the contributions as ...
Google Plus Facebook Twitter Flag as irrelevant
As income investors react to the new tax plan, it's a good bet that some are overreacting to certain aspects of it. They always do. There's confusion between high yielding fixed income, and pure junk. There's also a flood of tax-advantaged paper about to hit the market, creating bargains for smart buyers.
Google Plus Facebook Twitter Flag as irrelevant
ALBANY — The five House Republicans have heard the calls for their heads, the references to them being traitors, hypocrites and worse for supporting a tax plan backed by their party, but harmful to the states they represent. Not content to merely defend their votes, the five representatives from New ...
Google Plus Facebook Twitter Flag as irrelevant
There are 450 dense pages in the legislation recently passed by the U.S. House of Representatives to change the tax code and another 467 in the Senate version. It is sweeping and complex. Most people understandably focus on the new individual rates: will it save or cost them money? But with both ...
Google Plus Facebook Twitter Flag as irrelevant
Because they were rushed through Congress at lightning speed and with barely more editing than your average blog post, the Republican tax bills are turning out to be full of kinks. Some of these mistakes—like the $289 billion tax hike on corporations senators accidentally wrote into their law at the last ...
Google Plus Facebook Twitter Flag as irrelevant
NEW YORK (AP) — New York City collects sales tax on even the smallest items, but it probably won't collect a cent in taxes on a nearly half billion dollar painting by Leonardo da Vinci. The Italian Renaissance artist's "Salvator Mundi" sold for $450 million (380 million euros) during a record-breaking ...
Google Plus Facebook Twitter Flag as irrelevant
As the House and Senate prepare for a conference committee on the Republican tax overhaul, the two chambers face the challenge of reconciling stark differences, and where to find billions of dollars they may need to smooth things over. Among the most significant discrepancies are the treatments of ...
Google Plus Facebook Twitter Flag as irrelevant
Four years ago, businesses in Kansas went from paying over 6 percent taxes to paying nothing at all, as part of a Republican experiment to boost the limp state economy. But when the massive drop in tax revenue destabilized the economy lawmakers started slashing the budget and social programs and ...
Google Plus Facebook Twitter Flag as irrelevant
"The [Republicans' tax plan] is investing heavily in the wealthy and their children — by boosting the value of their stock portfolios, creating new loopholes for them to avoid tax on their labor income, and cutting taxes on massive inheritances," Lily Batchelder, a New York University professor who worked ...
Google Plus Facebook Twitter Flag as irrelevant
It's no secret that the IRS has kept an eye on the wildly popular cryptocurrency, ruling that bitcoin and others like it are considered property for tax purposes. This means that if you cash out, you're likely on the hook to report capital gains to the Tax Man – and those gains can be substantial, particularly if ...
Google Plus Facebook Twitter Flag as irrelevant
Broadly speaking, this attempt to pass tax reform is a Frankenstein's monster of handouts to the wealthiest Americans and will cause another explosion in the deficit. There are some reasonable arguments to be made for cutting the corporate tax rate, but I have yet to find a strong argument for why we ...
Google Plus Facebook Twitter Flag as irrelevant
A decision by the Senate's parliamentarian could force the sale of the late actor Paul Newman's food company, and dismantle his charity. During the Senate's consideration of Republicans' plans to rewrite the tax code, Parliamentarian Elizabeth MacDonough struck a provision that would have spared ...
Google Plus Facebook Twitter Flag as irrelevant
Some of President Trump's wealthiest New York friends have launched a last-minute campaign to pressure him for changes to the GOP tax bill, telling the president personally that the current plan would drive up their taxes and hurt his home state. Trump on Saturday attended a fundraiser at the home of ...
Google Plus Facebook Twitter Flag as irrelevant
The arrests were just one dramatic development in a frenzied, last-minute effort by the U.S. scientific and academic communities to shape a major rewrite of the nation's tax code now being finalized by Congress. The protesters, for instance, want Ryan to help block a House-passed provision that would ...
Google Plus Facebook Twitter Flag as irrelevant
It says while the majority of entities in the data made profits and paid tax in 2015-16, sensitivity to economic conditions, reinvestment back into the business, distribution of profits to other entities within the broader group, tax deductions and tax offsets could affect the amount of taxable income and tax ...
Google Plus Facebook Twitter Flag as irrelevant
A Joint Committee on Taxation analysis shows that the Senate GOP tax plan would give 60% of households a tax cut of $100 or more, which would decrease over time to about 16%, The Hill reports. 49% of households would see tax changes of less than $100 or a tax increase, the report from the ...
Google Plus Facebook Twitter Flag as irrelevant
Owning property in high-tax states like Illinois could hurt a little bit more for landlords, if Congress and President Trump approve tax overhaul legislation under consideration in Washington. That's the main conclusion of a recent report assessing the impact of one proposed change under the tax plans: a ...
Google Plus Facebook Twitter Flag as irrelevant
President Trump has been bullish on the many different ways tax reform will supercharge the economy, make U.S. companies more competitive, and continue the stock market's record rise. He's also said, multiple times, that the legislation, currently in reconciliation between House and Senate leaders, ...
Google Plus Facebook Twitter Flag as irrelevant
Assuming the GOP tax overhaul passes, it's going to take effect in about three weeks. That's not much time to digest a once-in-a-generation change to the tax code, even if you're an expert in this sort of thing. The bill was written at break-neck speed as well, which means that if you've got an enterprising ...
Google Plus Facebook Twitter Flag as irrelevant
Richard Waters and Tom Braithwaite at the Financial Times ran the numbers yesterday and found that the Republican tax plan's largest single winner is going to be Apple, which stands to reap a windfall of about $47 billion. For a sense of scale, that would cover four years' worth of the federal tab for the ...
Google Plus Facebook Twitter Flag as irrelevant
Two rival tax bills, passed separately by the Senate and the House of Representatives, propose cutting the U.S. corporate tax rate to 20 percent, but they differ in other areas that Republicans are trying to merge into final legislation. Speaking to reporters after the Senate approved its tax bill on Saturday, ...
Google Plus Facebook Twitter Flag as irrelevant
Raising income tax in Scotland could cause economic damage that will take years to fix, the head of the country's largest business organisation has said. Scottish Chambers of Commerce president Tim Allan warned the country "cannot afford to be associated with higher taxes than elsewhere in the UK".
Google Plus Facebook Twitter Flag as irrelevant
Amazon could save an estimated $2 billion over the next two years if the new tax plan goes through, Cowen & Co. wrote in a note Thursday. That's roughly the equivalent of what Amazon is expected make in total net income this year. The tax savings would boost Amazon's earnings by 24%, Cowen ...
Google Plus Facebook Twitter Flag as irrelevant
With Republicans in control of the House and Senate, and the prospect for a deal on tax reform looking promising, lobbying reached a pinnacle this year, with 2,065 groups pushing their cause, according to reports published by the nonpartisan Center for Responsive Politics. The efforts are employing ...
Google Plus Facebook Twitter Flag as irrelevant
The UAE was one of three Middle East countries – alongside Bahrain and Tunisia – to be included on the 17-strong blacklist of countries the EU says do not meet good governance standards on tax. It is the first time the EU has published a comprehensive list. Previously, individual EU member states ...
Google Plus Facebook Twitter Flag as irrelevant
Jessica Frick is the first in her family to graduate from university, and she hopes to be the first to obtain her PhD. But a looming decision on US tax legislation could drastically increase taxes on university students such as Frick, who worries that she might not be able to afford to finish her chemistry ...
Google Plus Facebook Twitter Flag as irrelevant
When Senate Republicans voted by the narrowest of margins — 51 to 49 — to pass their sweeping tax overhaul after midnight last Friday, many of the bill's critics turned their anger to Sen. Jeff Flake: the Arizona Republican who has taken a defiant stand against the populist ethos of the Age of Trump, ...
Google Plus Facebook Twitter Flag as irrelevant
Yet as the real estate industry fights the Republican tax plan that's set to diminish its use, finding economic supporters of the perk is tough, even among affordable-housing advocates. John Weicher, a 79-year-old former official with the Department of Housing and Urban Development, says he's one of ...
Google Plus Facebook Twitter Flag as irrelevant
There really are only two certainties in life. The first is that Republican politicians will pretend their tax cuts will largely pay for themselves, and the second is that Republican economists will largely indulge them in this. The best recent example of this might be Sen. Susan Collins (R-Maine). On Sunday ...
Google Plus Facebook Twitter Flag as irrelevant
Media coverage of the tax bills--which are now in conference and could be brought to a final vote this year—has focused on how it will impact corporations, workers, families with children, and higher income residence of states with high state income tax rates. This makes sense: When this legislation ...
Google Plus Facebook Twitter Flag as irrelevant
A political drawback of the Republican tax bills is that they raise taxes on a significant number of voters by curbing the deduction for state and local taxes. A lot of these voters are in households that make between $100,000 and $500,000 in taxable income. About 40 million tax returns come from that ...
Google Plus Facebook Twitter Flag as irrelevant
BLOGS
2017 Individual Income Tax Estimator
The income tax estimator allows taxpayers to calculate the amount of their refund or tax due balance for the current tax year. This tool can be used by taxpayers to plan whether or not to adjust their NC withholding taxes. If a taxpayer has a balance due, they may decrease the number of allowances on ...
Google Plus Facebook Twitter Flag as irrelevant
eFile for Businesses
For taxpayers – choose your tax type (below) to view a list of approved eFile software products. Be sure the eFile software provider and product that you select supports the forms you want to file and/or pay. Corporate Income and Franchise.
Google Plus Facebook Twitter Flag as irrelevant
WEB
Sierra Leone Tax Guide 2016/2017
The Sierra Leone PKF Tax Guide provides details about tax within Sierra Leone and is free to download.
Google Plus Facebook Twitter Flag as irrelevant
Russia Tax Guide 2016/2017
Publications. Russia Tax Guide 2016/2017. The Russia PKF Tax Guide 2016/2017 provides details about tax within Russia and contact details for local tax specialists in local PKF firms who will be able to provide taxation advice to help your business. This tax guide includes information about:.
Google Plus Facebook Twitter Flag as irrelevant
Israel Tax Guide 2016/2017
The Israel PKF Tax Guide provides details about taxation within Israel and is free to download.
Google Plus Facebook Twitter Flag as irrelevant
Algeria PKF Tax Guide
Download the free Algeria PKF Tax Guide which provides information about the tax considerations that could affect business dealings within Algeria.
Google Plus Facebook Twitter Flag as irrelevant
Nigeria Tax Guide 2016/2017
The Nigeria PKF Tax Guide provides details about tax in Nigeria and is free to download.
Google Plus Facebook Twitter Flag as irrelevant
eServices
Several electronic services are available for your convenience to file and/or pay through the NCDOR website Each offers distinct customer service features and supports selected tax types- review the information below, then choose the option that is right for you. Online payments can be made by bank ...
Google Plus Facebook Twitter Flag as irrelevant
Tax Bill Is Likely to Undo Health Insurance Mandate, Republicans Say
WASHINGTON — House and Senate negotiators thrashing out differences over a major tax bill are likely to eliminate the insurance coverage mandate at the heart of the Affordable Care Act, lawmakers say. But a deal struck by Senate Republican leaders and Senator Susan Collins of Maine to mitigate ...
Google Plus Facebook Twitter Flag as irrelevant
Instructions
Instructions. Filing your income tax return doesn't need to be complex or difficult. We've put together information to help you understand your state tax requirements. The subjects in this section cover general information needed on your forms. We also have a line-by-line guide that follows the lines on ...
Google Plus Facebook Twitter Flag as irrelevant
Tax Rate Schedules
For Tax Year 2017 For Tax Years 2015 and 2016 For Tax Year 2014 For Tax Years 2011 through 2013.
Google Plus Facebook Twitter Flag as irrelevant
Collins considers changing vote on tax bill over amendments
Susan Collins (R-Maine) said Thursday that she may change her vote on the final version of the GOP tax reform bill if her proposed amendments are not included in its final version.
Google Plus Facebook Twitter Flag as irrelevant
Coal CEO: Senate tax plan wipes us out
Murray Energy. Coal CEO Robert Murray warns that if the Senate version of tax reform is enacted by President Trump he'll be destroying thousands of coal mining jobs in the process. "We won't have enough cash flow to exist. It wipes us out," Murray told CNNMoney in an interview on Tuesday. Murray ...
Google Plus Facebook Twitter Flag as irrelevant
Morocco Tax Guide 2016/2017
The PKF Tax Guide for Morocco provides details about taxation within Morocco and is free to download.
Google Plus Facebook Twitter Flag as irrelevant
This is the Best Reason to Support Tax Havens
Tax competition is a way of discouraging this self-destructive behavior. Politicians are less likely to over-tax and over-spend if they know that jobs and investment can migrate from high-tax nations to low-tax jurisdictions.
Google Plus Facebook Twitter Flag as irrelevant
Governors Rally Behind the Tax Cuts and Jobs Act
Today, more than 20 governors from states across the country expressed support for the Tax Cuts and Jobs Act.
Google Plus Facebook Twitter Flag as irrelevant
Philly Soda Tax Continues To 'Disappoint'
The City of Philadelphia's tax collections from its controversial tax on sweetened beverages are continuing to fall well short of the levels that the city's politicians desired. For taxes assessed on sales from January 2017 through preliminary data for October 2017, total beverage tax collections in the city are ...
Google Plus Facebook Twitter Flag as irrelevant
TAX CREDITS
Contact Information. North Carolina Department of Revenue. PO Box 25000. Raleigh, NC 27640-0640. General information: 1-877-252-3052. Individual income tax refund inquiries: 1-877-252-4052 ...
Google Plus Facebook Twitter Flag as irrelevant
Does Trump's Tax Plan Single Out Family Trusts As A Way To Subsidize Corporate Tax Cuts?
According to an analysis from the Tax Policy Center, the Senate's recently passed tax plan will increase the after-tax income of folks in every income bracket. Of course, there are exceptions to every rule and plenty of arguments to be had between the Left and Right over how the tax savings scraps ...
Google Plus Facebook Twitter Flag as irrelevant
The Games They Will Play: Tax Games, Roadblocks, and Glitches Under the New Legislation by ...
This report describes various tax games, roadblocks, and glitches in the tax legislation currently before Congress. The complex rules proposed in the House and.
Google Plus Facebook Twitter Flag as irrelevant
Bicam agrees on up to 90% of tax reform bill
THE bicameral conference committee harmonizing Tax Reform for Acceleration and Inclusion (TRAIN) bills from the House and Senate have agreed on "85 to 90%" of the legislation, or about 75 key provisions, Sen. Juan Edgardo M. Angara said. Mr. Angara, who chairs his chamber's committee on ways ...
Google Plus Facebook Twitter Flag as irrelevant
Brazil Tax Guide 2016/2017
The Brazil PKF Tax Guide provides details about taxation within Brazil and is free to download.
Google Plus Facebook Twitter Flag as irrelevant
I can't stress this enough. Pay your capital gains tax unless you want the government to move ...
I see a lot of people cashing out. That is GREAT! Then people are asking them about the tax they paid. And one guy who made the front page, yet...
Google Plus Facebook Twitter Flag as irrelevant
Why a land value tax would get Britain building
There are few things that most economists can agree on. But the appeal of land value tax (LVT) has long been one of them. So far, it has not gained much traction in UK policy circles – particularly when it is described by critics as a 'garden tax'. Three developments, however, suggest that its time might ...
Google Plus Facebook Twitter Flag as irrelevant
Business Tax Quarterly Executive Summary - Fall 2017
Year-end tax planning is a linchpin of the business strategy of any company. This issue of Business Tax Quarterly offers high-level guidance designed to help consider tax consequences and opportunities in the U.S. and abroad. We also look at tax reform and new revenue recognition rules.
Google Plus Facebook Twitter Flag as irrelevant
Allseas tax strategy
Where appropriate, Allseas' tax strategy follows business and commercial strategy and tax planning opportunities will only be considered where they are in line with the commercial reality. If you wish to receive a copy of our tax strategy, please send an e-mail to public.relations@allseas.
Google Plus Facebook Twitter Flag as irrelevant
Cutting Corporate Tax Rates in 2018 or 2019
The important effect of incentives on allocation over time. One of the differences between the House and Senate versions of the tax cut is whether the corporate tax rate falls in 2018 (House) or 2019 (Senate.) It might look as though it's no big deal. It might well be a big deal, partly economically and, ...
Google Plus Facebook Twitter Flag as irrelevant
Tax Reform's Unhealthy Omission
The House and Senate recently passed tax reform bills because they successfully made the case that reform is a "once-in-a-generation" opportunity that is long overdue. It's a compelling...
Google Plus Facebook Twitter Flag as irrelevant
2017 Year-End Tax Planning
Tax planning for 2017 presents unique challenges due to the uncertainty of proposed tax legislation. It appears Congress may enact reform that could be favorable for businesses and individuals. However, certain deductions and tax incentives may be eliminated. As the end of the year approaches, we ...
Google Plus Facebook Twitter Flag as irrelevant
GOP's Tax Conference Priority: Tax-Free Inheritances or Less Harm to Working Families?
Fifty-three House members today called on the House-Senate conference committee writing a final tax bill to eliminate the estate tax, as the House-passed bill does, rather than seriously weaken it, as the Senate-passed bill does. Giving the heirs of the nation's wealthiest estates the largest possible ...
Google Plus Facebook Twitter Flag as irrelevant
Gov Malloy Announces Launch of States Fresh Start Tax Initiative
Press Releases. 12/07/2017. Gov. Malloy Announces Launch of State's 'Fresh Start' Tax Initiative. Program Targets Bringing in $85 Million to State By November 30. (HARTFORD, CT) – Governor Dannel P. Malloy along with Department of Revenue Services (DRS) Commissioner Kevin Sullivan today ...
Google Plus Facebook Twitter Flag as irrelevant
Excise Tax on Compensation Paid by Tax-Exempt Organizations Under Pending Tax Bill
Both the House and Senate versions of the Tax Cuts and Jobs Act include a new provision that would impose an excise tax on the compensation paid by certain tax-exempt organizations if the compensation to a covered employee is over $1 million.
Google Plus Facebook Twitter Flag as irrelevant
EU releases tax haven blacklist
The European Union Tuesday named 17 countries and territories to its first-ever blacklist of tax havens. Forty-seven other countries were grey-listed but have committed to meeting EU standards. The EU designated a country or territory as a "non-cooperative jurisdiction" primarily by measuring the ...
Google Plus Facebook Twitter Flag as irrelevant
How To Plan For The New Tax Bill
Two tax bills enter, one tax bill leaves. The House and Senate have both passed differing versions of a new tax bill. Now the bills go to committee in an attempt to reconcile the differences. Both versions involve increasing the standard deduction, reducing personal income tax rates, and removing many ...
Google Plus Facebook Twitter Flag as irrelevant
What the GOP Tax Bill Means for First-Time Homebuyers
The House and Senate both passed versions of a sweeping new tax bill in the past month. What happens now is a joyless legislative mashup as the two chambers try to resolve sticking points between the two bills and present the president with a final version to sign before year's end. See More.
Google Plus Facebook Twitter Flag as irrelevant
Tax Reform Should Be Fully Paid For -- Without Gimmicks
This op-ed, written by Concord Coalition Co-Chair Bob Kerrey and Alan K. Simpson, co-founder of Fix the Debt, appeared in The Philadelphia Inquirer and on Philly.com. The former senators shared Concord's Economic Patriot Award in 1996. There is a strong bipartisan consensus that the tax code is ...
Google Plus Facebook Twitter Flag as irrelevant
Tax Preparation Services
Do you require tax preparation services? Your tax filings does not have to be a chore. Please visit E&Y Insurance for all your tax purposes.
Google Plus Facebook Twitter Flag as irrelevant
Here's How Your Tax Bill Would Change if the Senate Tax Plan Becomes Law
Tax reform is getting closer now that the Senate has passed its plan in a 51-49 vote. Here's what you need to know about how it will impact you.
Google Plus Facebook Twitter Flag as irrelevant
Year-End Tax Planning During the Tax Reform Process
MoneyLife100 With the U.S. Senate's passage of tax reform legislation on Dec. 2, 2017, both chambers of Congress have weighed in on their own versions of tax reform. The next step in the process is for House and Senate members to work together to reconcile the differences (a conference committee).
Google Plus Facebook Twitter Flag as irrelevant
TAX PREPARER/OFFICE HELP WANTED
TAX PREPARER/OFFICE HELP WANTED For an Accounting Office in Jackson Heights Tax Preparer needed ASAP. Requirements/Experience: • Experience in preparing Tax returns is a Plus but not necessary. •
Google Plus Facebook Twitter Flag as irrelevant
Who wins and loses in proposed tax reform?
Businesses and heirs to vast amounts of money and property stand to benefit the most from Republican efforts to overhaul the tax code, said Richard L. Kaplan, an internationally recognized expert on U.S. tax policy and the Guy Raymond Jones Chair in Law at Illinois. Photo by L. Brian Stauffer ...
Google Plus Facebook Twitter Flag as irrelevant
GOP Tax Plan Analysis
In the early hours of Saturday (December 2, 2017) morning, the U.S. Senate passed the Tax Reform bill. While the overall framework of the Senate bill is similar to the House bill passed on November 16, 2017, there are certain differences. It is anticipated that the Senate and the House will have a Joint ...
Google Plus Facebook Twitter Flag as irrelevant
Sides with Ann Fisher - 12-6-2017: The GOP Tax Overhaul
Last week the senate passed a tax overhaul measure. This week the senate and the house worked on details of the measure around individual tax and corporate tax rates. Coming up, what you need to know to judge your representative's vote on the bills and tips to help you gauge the success of the ...
Google Plus Facebook Twitter Flag as irrelevant
From Coast to Coast, Support for Historic Tax Reform Legislation is Growing
As lawmakers from both chambers of Congress meet to bring together the best ideas from both the House and Senate versions of the Tax Cuts and Jobs Act, people from across the country continue to voice their support for this pro-growth legislation. Check out what these state and local leaders are ...
Google Plus Facebook Twitter Flag as irrelevant
Devolution of Landfill Tax to Wales and the 2 year transitional period for the Landfill Communities ...
Legislation will be made to amend the Landfill Tax Regulations 1996 so Landfill Tax no longer applies and the Landfill Communities Fund (LCF) closes in Wales.
Google Plus Facebook Twitter Flag as irrelevant
Renewable Energy Is Surging. The GOP Tax Bill Could Curtail That.
The tax bills moving through Congress could hobble the United States' renewable energy industry because of provisions that scale back incentives for wind and solar power.
Google Plus Facebook Twitter Flag as irrelevant
You have received this email because you have subscribed to Google Alerts.
RSS Receive this alert as RSS feed
Send Feedback

No comments:

Post a Comment