Thursday, January 18, 2018

Google Alert - tax

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tax
Daily update January 18, 2018
NEWS
SAN FRANCISCO — Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $252 billion in cash that it held abroad and said it would make a sizable ...
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The Tax Cuts and Jobs Act has turned us into a nation of tax shelter hunters. The bill, which backers like to promote as tax reform, has in fact set off a frenzy of loophole-seeking. These are all symptoms, not of tax reform, but of what my Tax Policy Center colleague Gene Steuerle likes to call tax deform.
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He said he wants to restructure the state's taxes to reduce the federal increases — without hurting the state's bottom line. Crafting a plan will be daunting enough, but convincing lawmakers from both parties to go along with it likely will prove even harder. Cuomo acknowledged as much during his budget ...
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Goldman Sachs won't be getting as big of a break from tax reform as it had anticipated, delivering another blow to its shareholders. In its fourth-quarter earning call Wednesday, the bank said its 2018 tax rate after deductions will come to 24 percent. That's well above the 17 percent or so anticipated by ...
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Homeowners have long been a favorite child of the tax code. With the Tax Cuts and Jobs Act they are losing some of their perks. The new law, signed in December by President Trump, should deliver most Americans — and perhaps even most homeowners — an overall tax cut. But that's largely because ...
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Congress should not upend the success of the Tax Cuts and Jobs Act by reanimating dozens of expired tax preferences. This year's package of so-called tax extenders extends targeted temporary tax provisions—most of which expired in 2016—for a variety of business operations, individual expenses, ...
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Self-employment tax gets charged on your business profit, but the IRS lets you count the employer half of the self-employment tax, or 7.65%, as a business deduction for purposes of calculating the tax. That might sound circular, but the net impact is that for a business with profits of $100,000, the 15.3% ...
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You're starting to get your W-2s and 1099s from 2017, and you know there was a tax code overhaul that passed in late December. But should you do anything differently now? While nothing changes for filing your taxes this April, here are some of the biggest changes likely to affect you next year.
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ALBANY — Would New Yorkers choose to make a charitable contribution to the state in order to get the tax deduction? Or would employers take on an expanded payroll tax so employees could skirt a new federal law that limits state and local income-tax deductions to $10,000 a year? Employers could ...
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According to U.S. Treasury Secretary Steven T. Mnuchin, the tax reform bill signed into law by President Donald Trump in December will increase the take-home pay for 90% of workers. Tax season will also be simplified for many Americans next year, as the number of filers who must itemize in order to ...
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The key, said Abbott, who is seeking a second term in office, is putting a 2.5 percent revenue growth cap on property tax dollars collected by local taxing entities — cities, school districts and counties — unless voters approve a larger amount. "Our fellow Texans are angry and they are frustrated about the ...
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After their victory with the tax bill, Republican leaders in the House have said they will go after entitlement and "welfare" spending, with both Medicare and Medicaid potentially on the table. What to watch: Republicans aren't making any connection to the $1.4 trillion the tax cuts will add to the deficit, but ...
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Walmart's stock will thrive as the tax cut raises incomes for its customers and allows the world's largest retailer to return more cash to shareholders, according to Goldman Sachs. The firm raised its rating for Walmart shares to buy from neutral and added the retailer to its "Americas Conviction List.".
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Verizon estimates that the impact of the law to earnings per share for the year ended Dec. 31 is about $4.10. Analysts and investors had expected that the law, which slashes the corporate tax rate from 35 percent to 21 percent, to boost corporate earnings. Telecom companies stand to benefit because ...
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(For starters, its new campus won't be as ambitious as Amazon's planned HQ2.) The tax flyaround. • Verizon will save nearly $17 billion because of the new tax code's effect on its deferred tax liabilities. (WSJ). • What corporate America says will come of the tax overhaul: more annual savings, bigger ...
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The bill would repeal the space tax formula and exempt space flight income from state taxes, which Lackey contends would give companies like SpaceX, Virgin Galactic and United Launch Alliance an incentive to stay in the state. For example, Moon Express, a startup working to mine the moon for ...
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FILE - In this Sept. 24, 2014, file photo, reporters gather around Mike "The Situation" Sorrentino as he leaves the MLK Jr. Federal Courthouse in Newark, N.J., after a court appearance. Former "Jersey Shore" reality TV star Sorrentino is expected to plead guilty to federal tax charges. A letter filed with the ...
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A lack of information from the government leaves many cryptocurrency investors in the dark on tax matters. The American Institute of Certified Public Accountants has written to the IRS, asking the agency to "release additional, much needed, guidance on virtual currency." The Treasury Department's ...
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Republicans managed in the last throes of 2017 to push through a tax bill that was both widely loathed and widely predicted to hurt the economy. Democrats across the country are expected to use the law as a weapon against Republican opponents come the midterm elections. But we can do more than ...
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After the passage of the GOP's sweeping tax plan that would cut the corporate tax rate, AT&T, Wells Fargo, Fifth Third Bancorp, Boeing and Comcast announced plans to increase their employee pay and benefits. Why it matters: This move will please the White House and Republicans who have been ...
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Fiscal measures, in the form of taxes, are underused, yet we know they work for two important reasons. First, prices on goods matter, especially to the younger and poorer populations. People, particularly the poor, will buy less if it's more expensive. Second, taxes on certain goods can be educative and ...
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Minnesotans are evenly split over the Republican tax overhaul that recently became law even as a majority believes high-income Americans will see the most benefit, a Star Tribune Minnesota Poll found. An identical percentage of registered voters — 43 percent — expressed support for and disapproval ...
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Kevin Hassett, the top economic adviser to the president, provided the intellectual underpinning for the idea that corporate tax cuts would benefit workers in an October paper. Hassett argued that workers would earn at least $4,000 more per year as a result of corporations investing in new equipment that ...
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Apple has long been criticised for its huge cash pile of some $250bn that it made through its foreign subsidiaries, but refused to repatriate to the US in order to avoid paying US taxes - that's 94 percent of its total cash. Under the new tax bill passed at the end of last year, Apple and other multinationals got ...
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Why this matters: Both parties have 11 months to convince voters their narrative about the tax bill is correct. While the law is still unpopular, its approval numbers are improving. And Republicans feel confident that the upcoming increase in take-home wages — which the vast majority of Americans are ...
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In an effort to keep up with their self-described "resistance" movement, California Democrats are engaged in a full-fledged attack against recently enacted federal tax reform legislation that provides tax cuts for most Americans and Californians. Ironically, these same Democrats who claim to be focused ...
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Shareholders will be the biggest winners from the new tax law, Bank of America said after it brushed aside losses from the Steinhoff scandal to generate its highest annual profit since 2006. Despite an upfront $2.9bn tax-related accounting hit, executives told investors to expect higher dividends and ...
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A New York Times/SurveyMonkey poll showed that the newly-implemented Republican tax law is getting more popular among Americans. This is critical for Republicans, who have staked a large amount of their electoral success on the bill.
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"The seven states currently in America that don't use income tax are growing far faster than Missouri," Eigel said. "All of them are growing faster than Missouri in terms of population growth ... So the Missouri Economic Relief Act (SB 617) is an attempt to model the Missouri tax code after some of the most ...
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Despite a handful of high-profile announcements, the recent cuts in corporate taxes haven't yet had a meaningful impact on American companies' plans to boost investment or raise workers' pay, a CNBC survey of large companies found. The latest announcement came Wednesday with the news that ...
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House Republican leadership is looking to move a package of delays and retroactive repeals of the Affordable Care Act's health industry taxes in the short-term spending bill Congress has to pass by Friday to avert government shutdown. The package would also include a bill to provide funding of the ...
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Apple is giving its employees $2,500 bonuses in restricted stock units following the passing of new US tax law, according to a report from Bloomberg. The stock will be granted to most employees worldwide in the coming months, according to the report. It cites unnamed sources within Apple, who claim ...
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On Jan. 12, the U.S. Supreme Court decided to hear the case of South Dakota v. Wayfair Inc. If you haven't been following along, this is a big deal and may affect households across the country — it's about internet sales taxes. The Wayfair case pits the "Kill Quill" movement against internet retailers.
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We've sorted through all of the guidance provided by Wall Street experts and developed a methodology that has helped us to arrive at the one stock that should emerge as the king of tax reform. What follows is a breakdown of our quest to crown this champion — one stock traders should be taking a long, ...
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Karl Brady and wife Laura Brady were accused of not paying $1.4 million in taxes from 2008 through 2015, and must pay that amount in restitution. Karl Brady also pleaded guilty to conspiracy to defraud the United States and conspiracy to commit bank fraud. The plea agreement called for each of them ...
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With shoppers perking up, the stock market rallying, and new tax legislation likely to put more money back into consumers' pockets, conditions are favorable for many luxury brands. Jerry O'Brien, the director of the Kohl's Center for Retailing at the University of Wisconsin-Madison, told CNBC the tax cuts ...
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LANSING, MI - The Michigan Senate on Wednesday unanimously passed a bill that would hold Michigan residents harmless for a federal tax change and increase the personal exemption from a planned $4,300 in 2021 to $5,000. The state is trying to address a potential glitch that came up when federal ...
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In its December approval of the most extensive tax-code revisions since 1986, Congress scrapped the previous international tax system for corporations -- an unusual arrangement that allowed companies to defer U.S. income taxes on foreign earnings until they returned the income to the U.S. That ...
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Cook County's short-lived penny-per-ounce tax on sweetened beverages not only failed to bring in as much revenue as projected, but it might also have cost the county millions in sales tax revenue as consumers crossed county and state lines to buy their groceries. In a revenue report released ahead of ...
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Anguish over property taxes is at or near the top of the list of what politicians hear most often from Texans. This is not a complicated part of the civic compact: Voters are peeved. Politicians aim to please. Lowering taxes would make a politician popular with voters. by Ross Ramsey Jan. 17, 2018 12 hours ...
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The sweeping tax overhaul means billions of dollars in profit will materialize from thin air for the industry, allowing executives the luxury of planning to increase dividends and stock repurchases, invest more in technology and even do some good by extending credit to low-income borrowers. That's all ...
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It's a big and confusing question for many homeowners in the wake of the December tax law changes: Are new interest-deductible home equity credit lines (HELOCs) and second mortgages now totally out of reach going forward? The new law eliminated a long-standing section of the tax code that ...
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UnitedHealth Group's earnings more than doubled in the final quarter of 2017, and the nation's largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul. UnitedHealth said Tuesday that it added $1.2 billion in 2017 non-cash earnings, as its fourth-quarter ...
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WEB
Pay Your Taxes Online
Pay your taxes online. You can pay the following taxes online: Income Tax Employer Income Tax Instalments (ITIS) Goods and Services Tax (GST) International Services Entity (ISE) fees. Legal costs ...
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Schedule of Tax Payments
Our departments offer many resources. Learn more about Schedule of Tax Payments.
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Now Tax Cuts Are Lowering Our Utility Bills
After weeks of shrieking that only the rich would benefit, and promises that rampant death would descend upon this country, the reality of the Trump/Republican tax cuts has been shown to be quite the opposite. The news cycle has been filled with companies announcing bonuses for employees, wage ...
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Crypto activities will be legal and tax free
In Belarus starting in march. This is good news folks. https://news.bitcoin.com/cryptocurrencies-activities-legal-tax-free-belarus-starting-march/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications · 12 comments; share; save. hide. report. all 12 comments.
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Tax Rates
Tax Rates for 2016 · Tax Rates for 2015 · Tax Rates for 2014 · Tax Rates for 2013 · Tax Rates for 2012 · Tax Rates for 2011 · Tax Rates for 2010 · Tax Rates for 2009 · Tax Rates for 2008 · Tax Rates for 2007 · Tax Rates for 2006 · Tax Rates for 2005 · Tax Rates for 2004 · Tax Rates for 2003 · Tax Rates ...
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Ohio Woman to Nancy Pelosi on Trump Tax Cut Bonuses
The Ohio region that voted 76% for Donald Trump in 2016. One woman at the diner had a few choice words for Nancy Pelosi. The former speaker told voters last week the Trump tax cut bonuses of $1,000 and $2,000 US corporations were handing out to their employees were "pathetic" and merely ...
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Pass-Through Entities and the 20 Percent Tax Break
Small-business owners and partners are scratching their heads over the Tax Cuts and Jobs Act and how the new 20 percent tax deduction for pass-through entities will work. Here's a little background. A pass-through entity can be a partnership, S corporation, limited liability company or partnership, ...
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Apple Gives Employees $2500 Bonuses Because Of Trump Tax Cuts
Apple stock jumped to end Wednesday's session near the highs of the day after Bloomberg reported that the company has told employees it will issue individual bonuses worth $2,500 because of the Trump tax cuts. Interestingly there was a notable absence of this move in any press release, and even ...
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The Situation Faces Up to 15 Years in Jail for Tax Fraud
Mike "The Situation" Sorrentino is set to plead guilty to charges of tax fraud, and as a result, faces up to 15 years in jail. Stars at Court Citing the U.S. Department of Justice, The Blast reports that Sorrentino and his brother, Marc, have "agreed to plead guilty." The reality TV personality, 35, reportedly ...
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Apple Unveils $38 Billion In Expected Repatriation Tax, Reveals New Job Creation Plan
Apple stock jumped then dumped after it issued a press release in which the company disclosed the amount it plans to repatriate as a result of tax reform, in addition to disclosing its near-term capital spending plans.
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Indiana
Individuals · International Taxpayers · Businesses and Self-Employed · Small Business and Self-Employed · Employer ID Numbers · Business Taxes · Reporting Information Returns · Self-Employed · Starting a Business · Operating a Business · Closing a Business · Industries/Professions · Small Business ...
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aotax
Free Tax Draft in 24 Hrs. SIGN UP NOW. Don't have Account ? Forgot Password. Terms and Conditions. Three Lucky Winner Win an iPad Every Week! Questions? Call 1-888-MY-AOTAX.
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This awesome Amazon deal will help you survive tax season
This TurboTax sale will help you get your taxes over with now, save more money, and don't think about it again until next year.
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Here's your 2018 estimated tax refund schedule
Looking forward to a big fat refund check this year? This table show you when it's likely to show up in your hands.
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Apple Gives Employees $2500 Bonuses After New Tax Law
Apple told employees that it's issuing a bonus of $2500 of restricted stock units, following the introduction of the new U.S. tax law. "The iPhone maker will begin issuing grants to most employees worldwide in the coming months," reports Bloomberg. Apple also announced today that it would bring bac...
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Sen. Wyden promotes petition for Trump tax returns
The White House petition greatly exceeded it's goal of 100000 signatures, and by Sunday night it had reached over 235000 signatures.
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NEW POLL: Sorry Democrats, Americans Are Warming Up to GOP Tax Plan. Fast.
That didn't take long. But then again, finding out your taxes are actually going to be less and you're getting a raise and a bonus and hundreds of thousands of new jobs are opening up will do that. Yes, the evil Tax Cuts & Jobs Act passed by Republicans and signed into law by President Trump last ...
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Tax And Finance Releases Report Assessing State Tax Picture
Gov. Andrew Cuomo's administration on Wednesday released a preliminary report outlining various models the state could adopt from altering charitable contributions to allow for the deduction of state taxes and the various permutations for a statewide employer-based payroll tax. The report comes a ...
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Preliminary Report on the Tax Cuts and Jobs Act of 2017
Preliminary Report on the Tax Cuts and Jobs Act of 2017. The passage of the federal Tax Cuts and Jobs Act (TCJA) will have a significant impact on the economy and tax system of New York State. The Department of Taxation and Finance presents this preliminary report to the Governor to outline options ...
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Property Tax Highlights
A summary of the property tax process in San Mateo County. Financial information for the fiscal year; Historical trends on assessed values and property tax revenues within the County. 2017 Property Tax Highlights Publication. This publication is intended to highlight property tax amounts and information ...
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Contact
1614 Williams Drive Georgetown, TX 78628 View Larger Map.
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Local Man Declares Self Tax-Exempt As Temple Of The Holy Spirit
FORT MORGAN, CO—Reminding authorities that he is, in fact, a "temple of the Holy Spirit," local man Carl Menard declared himself to be completely exempt from paying taxes as a religious organization, sources confirmed Wednesday. Menard filed his taxes at a local H&R Block but declined to pay ...
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Support Systems in Place for Income Tax Filing Season
With the March 15 Income Tax due date just two months away, Tax Administration Jamaica (TAJ) is encouraging taxpayers to begin preparations to file their Income Tax Returns early and to utilize the convenience, speed and security of the online option to avoid the usual last minute rush. All companies ...
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Apple Celebrates Tax Reform by 'Giving Back' to the Economy. Hugely...
Apple will create 20000 new jobs and create another campus in part of its quest to give back to the economy following tax reform.
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Millage rollbacks ease tax burden
Property owners in Medina County could see their property taxes decrease this year following millage rollbacks for bond issues and school levies. Liverpool Township and Medina city homeowners in the Buckeye school district will see the largest decreases — approximately 3.1 percent. This equates to ...
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Williams Tax Service
How do You File Your Tax Return With an Online Tax Service? The Lowdown on the Top 10 Services Offered by Day Spas · How to Claim Child Tax Credit on Your Taxes This Year · How Can Professional Retirement Planning Services Help You? Subscribe for newsletters & Get Latest Updates & Offers.
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Cuomo Says Tax Change Proposals A 'Foundation'
Gov. Andrew Cuomo in a statement Wednesday called the 33-page report released by the Department of Taxation and Finance a "foundation" for moving forward with a possible overhaul of the state's tax structure. The report released earlier in the afternoon presents a menu of potential options for the ...
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Tax Reform's $1.3 Billion Irma Relief
Florida Power & Light, the Sunshine State's largest utility company, announced that following the Tax Cuts & Jobs Act, they will no longer bill customers for the cost of restoring electricity in the wake of Hurricane Irma. How much will customers be saving, you ask? $1.3 billion, or about $250 each. Despite ...
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Income Tax Preparation Assistance
Income Tax Preparation Assistance. Posted on: January 17, 2018 - 10:31am. AARP Tax Help. AARP FOUNDATION TAX-AIDE Provides Free Tax Preparation (Federal & State) and e-filing. Monday 1pm-4pm & Thursday 10am-1:30pm. February 1 - April 12, 2018. William Fogg Library 116 Old Road, Eliot ...
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County touts sales tax hike
MEDINA — The county is moving forward with its plan to place a 0.20 percent sales tax on the May 8 ballot. Commissioners have conducted two required public hearings on the matter, the last of which was Tuesday morning. The next move is to approve a resolution to place the issue on the primary ...
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No KYC, no CCTV, tax evaders now hide cash, bullion in private vaults
NEW DELHI: On Saturday, the income tax (I-T) department made another big haul, of Rs 21 crore, from private lockers operated from a single room in Delhi's tony South Extension, taking the total seizure of cash and bullion to over Rs 85 crore in the past few weeks — a potential push for the government ...
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US Tax Reform Impacts Roth Individual Retirement Account Conversions
HR 1 makes Roth IRA conversion recharacterizations a thing of the past, but is silent on whether recharacterizing 2017 Roth IRA conversions in 2018 will be permitted. The December 22 tax reform legislation, HR 1, generally amends the Internal Revenue Code to reduce tax rates and modify policies, ...
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Truck Driver's Per Diem for 2018
The trucking per diem for 2018 is not going anywhere, but how will major changes in the recently passed Tax Cuts and Jobs Act affect truck driver income taxes?
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CEO of Spellex Pays Employees $1000 Tax Cut Bonuses - Thanks President Trump on Each Check
Wolf wrote "Trump Tax Cut and Jobs Act" on each check so that his employees understood why they were getting the January bonus. Over 170 US corporations have announced employee bonuses due to the Trump Tax Cut bill that passed in December. Over 2 million US employees received tax cut ...
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Practitioners Call for Guidance to Implement New Passthrough Rate
Passthrough businesses may be unwilling to take full advantage of newly created tax cuts until the IRS issues guidance to clear up confusion about the law.
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The TCJA's Significant Tax Benefits for Employees Who Become Contract Workers
Thanks to the Tax Cuts and Jobs Act, many workers now may be able to lower their taxes simply by converting from employee to contractor or sole proprietor, if their taxable income is less than $157,500 for singles or $315,000 for joint filers. In effect, Congress flipped traditional tax-planning upside ...
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Rauner says regulatory, tax cuts will help Illinois agriculture
"That's the number one issue: reduce the regulatory burden, cut the red tape, eliminate the restrictions and reduce the tax burden." State Representative Bob Pritchard tells Brownfield it's likely major farm legislation will be sparse because of the election later this year. However Pritchard says the biggest ...
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Put your tax refund to work during America Saves Week
Each year during America Saves Week (February 26 to March 3), many people make an extra effort to save money. Started in 2007, America Saves Week is an annual opportunity for people to assess their saving status. The timing couldn't be better—America Saves Week 2018 takes place during tax ...
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Owner of Kansas Tax Preparation Firm Sentenced to Prison for Eight Years for Filing Fraudulent ...
A former resident of Overland Park, Kansas, was sentenced to 96 months in prison today for aiding and assisting in the preparation and presentation of false income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division and ...
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US Carbon Tax Design: Options and Implications
While there seem to be no immediate prospects for a national carbon tax in the United States, there is growing interest among some policymakers and thought leaders across the political spectrum. If and when a legislative opening emerges in the coming years, policymakers will need to grapple with a ...
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NEW POLL: American Support for Tax Reform Law Growing Significantly
The New York Times released a new poll today—showing that more and more Americans approve of the tax reform law.
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46k after tax
FICA, 7. Pay example for $46000 £46,000 after tax. 46k after tax Dec 30, 2015 at 12:01 AM 46K 401(k) No debts (great) $5800/month (net after taxes, etc) rent $1700. Income After Taxes, $66,257 Apr 19, 2007 We made ~$46K last year (including BAH and tax free combat pay). This net wage is ...
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Weekly Columns
Tax Reform Helps Arkansas's Family Farmers. Agriculture is Arkansas's largest industry, adding around $16 billion to our economy annually and accounting for approximately one in every six jobs. We are the top rice-producing state in the nation, number two in the nation in broiler chicken production ...
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California Department of Tax and Fee Administration Holds Free Small Business Tax Seminar in ...
Sacramento - The California Department of Tax and Fee Administration invites business owners and aspiring entrepreneurs to attend a free Small Business Tax Seminar in Cypress on Tuesday, January 30, 2018.
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21 Conservative Groups Support Delaying Obamacare Taxes
In an open letter to Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, 21 conservative groups wrote in support of efforts to delay the implementation of Obamacare taxes. If lawmakers do not delay these Obamacare taxes, premiums will skyrocket and middle class families, seniors, and ...
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Speaker Ryan Talks Tax Cuts, Military Funding at Leadership Presser
Today at a press conference with Republican leaders, Speaker Ryan discussed how Americans are already benefitting from the tax cuts law. He also stressed the importance of putting politics aside to fund our military.
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Corporate Tax Expert (Ref.10021)
The tax expert will report to the corporate tax manager and will support him/her in a wide range of tax affairs, both on Belgian and international level and mainly related to corporate tax. Tâches et responsabilités. Manages all the corporate tax processes in Belgium under the supervision of the corporate ...
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