Tuesday, January 30, 2018

Google Alert - tax

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tax
Daily update January 30, 2018
NEWS
The Trump Administration continues to tout the idea that, thanks to the Tax Cuts and Jobs Act (TCJA), Americans will be able to fill out their individual income tax returns on a post card—or what the president calls "a single, little beautiful sheet of paper." I can't speak to its beauty, but the tax year 2018 ...
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The Narendra Modi government has cast its tax net wider with the goods and services tax (GST) and added 3.4 million new indirect taxpayers since its launch in July 2017. But most of the new registrants are small businesses beset by the burden of compliance under the new regime, and add very little to ...
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When Congress approved changes to the federal tax code in December, Democrats said the new law was designed to hurt states that tend to elect Democrats and help those that lean Republican. As it turns out, the changes to the tax code affect states differently than the taxpayers who live in them.
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... their savings accounts in 2017. That's not great! You've heard this before: building up your cash cushion is one of the most financially responsible things you can do, and you should have three to six months' worth of expenses socked away. Save your tax return this year and you're a lot closer to that.
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President Donald Trump's first State of the Union address on Tuesday is likely to focus at least in part on the doors that the tax rewrite has already opened for corporate America. But the Reuters/Ipsos poll suggests the benefits to this point have been narrow and that the legislation is still relatively ...
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Last week, I was scrolling through travel websites in search of a family vacation. It's been awhile since we've been able to pack up and go anywhere just for fun, so this is something that I've been thinking about a great deal. It just so happens that my wanderlust coincided with our tax refund challenge at ...
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I know, most of us are often simply relieved when we don't have to write a check, forget about examining a precise view of any balance due from the IRS after filing our taxes. And while there's not necessarily a "right" answer, turns out how we regard that refund could very well determine how we treat it ...
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Health care continues to be the top expenditure with these tax refund payments over the next 100 days, according to the report "Deferred Care: How Tax Refunds Enable Healthcare Spending" by J.P. Morgan Chase Institute. Cash-strapped families are more likely to use the money towards health care ...
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A bill nicknamed the "Netflix tax" was unanimously defeated Monday in the House Finance Committee, ending the possibility of taxing streaming ... According to the bill's impact statement, the tax would generate nearly $8 million in revenue for the state - potentially allowing Virginia to become less ...
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The big tax story in 2017 was the $150 trillion Tax Cuts and Jobs Act, which President Donald Trump signed into law on Dec. 22. The legislation significantly transformed the tax code for the first time in more than 30 years, with new tax rates and modified deductions. Many taxpayers will soon see a slight ...
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President Donald Trump displays his signature after signing the $1.5 trillion tax overhaul plan in the Oval Office of the White House on Dec. 22, 2017. Just 2% of American adults said they had gotten a raise, bonus or other benefits due to the tax law enacted a month ago by President Donald Trump, ...
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Millions of Indian firms are paying into government coffers for the first time thanks to an overhaul of the tax system. An estimated 3.4 million businesses have registered to pay India's national goods and services tax since it was rolled out in July 2017, the government said in its annual economic survey ...
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every day. Thank you, Jon. Michael? The start of many people's least favorite time of the year. Tax season. It kicks off today. And T.J. Holmes is here to break down what we all need to know, good morning, T.J. Reporter: We just went through the whole tax debate. President trump signed a new tax bill ...
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Parts of the new tax legislation -- signed into law at the end of December -- are still raising questions. And the buzz around bitcoin and other cryptocurrencies is alive and well. Many people looking to get away from the cold weather are checking out travel reward credit cards, and insurance company ...
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Gov. Eric Greitens laid out an $800 million tax cut proposal on Monday, vowing to reduce Missouri's top income tax rate and taxes on corporations. Under the plan, which Greitens is pitching in a series of campaign-style events around the state — including one Tuesday afternoon in Riverside — the top ...
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will likely be a taxable event for U.S. tax purposes. Without a doubt, 2018 will be a landmark year for Internal Revenue Service enforcement of cryptocurrency gains. Taxpayers should stay ahead of the game rather than be reactionary. The IRS is always more lenient with taxpayers who come forward on ...
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A federal jury found Craig Taffaro, a former chief deputy with the Jefferson Parish Sheriff's Office, guilty of tax evasion Monday (Jan. 29). Prosecutors say he provided false information about his income and expenses over six years from a business in which he was a partner with former Sheriff Newell ...
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One of the administration's stated goals in reducing corporate tax rates is to lure manufacturing and business investment back to the U.S. Apple, most notably, announced plans this month to open a new campus as part of a five-year, $30-billion U.S. investment plan, and will make about $38 billion in ...
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Last week, Donald Trump used his Davos speech to launch a full-on QVC ad promoting America as the ideal country in which to conduct business. "We lowered our corporate tax rate from 35 percent all the way down to 21 percent," he told the audience. "As a result, millions of workers have received tax ...
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U.S. President Donald Trump signed into law a tax reform package last month that cut top corporate income rates to 21 percent from 35 percent and allowed for immediate expensing for capital costs of projects. "The recent changes to the U.S. corporate tax rate coupled with smarter regulation create an ...
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President Donald Trump is sure to get plenty of applause during Tuesday's State of the Union address when he mentions the $1.5 trillion tax cut he signed into law in December. But with polls showing Republicans have yet to make the sale on the tax bill, it's not clear how much the new law will help ...
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Watch out for cyber scams this tax season. Mon, Jan 29. Today is the first day that Americans can file their tax returns for 2017, and this year, security experts are urging all of us to file as soon as possible—before thieves do. Share Video; Facebook · Twitter · E-mail; Embed. Copy this code to your website ...
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"We believe that Pfizer has the financial flexibility to add to its product portfolio through potentially sizable acquisitions, particularly now that there is clarity on U.S. tax reform," Edward Jones analyst Ashtyn Evans said. Pfizer booked a gain of $11.34 billion from the new tax law, leading to a surge in ...
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Volunteers from the American Association of Retired Persons will provide free tax assistance to all taxpayers with middle and low income with special ... state and local taxes, as well as rent rebate applications, should bring copies of their income and any other information pertaining to the 2017 tax year.
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Pharmaceutical giant Pfizer plans to bring tens of billions of dollars in foreign profits back to the U.S. after reaping a windfall from President Trump's tax cut. The drugmaker said Tuesday that it would pay $15 billion in so-called repatriation taxes over the next eight years to shift foreign earnings back to its ...
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New York Governor Andrew Cuomo announced that New York, New Jersey, and Connecticut are suing the federal government over the GOP tax bill, specifically over the provision that added a $10,000 limit on state and local tax deductions. High-tax states often perceive this as an effective increase on ...
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But there's only so much you can do to put off having to pay some taxes. Eventually, the IRS wants its cut -- and it's best either to be prepared for the consequences or to take steps early on to avoid the problem in the first place. Millions of Americans have tax time bombs lurking among their assets. Often ...
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If the Texas oil company follows through with the investment plan, it would appear another feather in the cap of President Donald Trump and his regulation-slashing band of Republican lawmakers, who in December also passed the sweeping corporate tax cuts that Exxon said paved the way for its ...
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Speaking to the House Finance Committee, Watts said her bill, estimated to generate an additional $7.9 million in revenue for the state, would make the state less dependent on income taxes and localities less dependent on real estate taxes. It would require apartment-dwellers, she said, to pay for "the ...
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ALBANY - New York taxpayers reimbursed 38 shows and movies $155 million from July through September of 2017, including the most ever awarded to one production. Season two of Fox's show Gotham raked in $24.5 million in tax breaks for filming in New York, the most of any film or show since the ...
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King County Property Owners to See Higher Tax Bill. King County homeowners should expect to see higher property taxes by an average of nearly 17 percent when bills are sent next month. Jan. 29, 2018, at 11:12 a.m.. King County Property Owners to See Higher Tax Bill. Share. ×. Share on Facebook.
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The IRS should issue immediate guidance in 39 areas affected by P.L. 115-97 (known as the Tax Cuts and Jobs Act), AICPA Tax Executive Committee Chair Annette Nellen said in a letter to the IRS and Treasury on Monday. She called on the IRS to issue immediate guidance to help both taxpayers and ...
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Jessica Lutz , Contributor I write about employment and career issues for millennials. Opinions expressed by Forbes Contributors are their own. Tweet This. if I got the average tax return of $2782 in April, I'd put that money right into my savings account. I'm in the Facebook group for a small indie women's ...
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But, under the bill, homeowners and agricultural landowners would get about 10 percent of their money back in the form of refundable income tax credits. Homeowner credits would be capped at $230 and limited to a taxpayer's main residence. Ag land credits would be limited to Nebraska residents.
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INDIAN WELLS, Calif. — Republicans in Congress faced a near-mutiny last fall from some wealthy GOP donors frustrated with Washington's inability to get anything done. Then they passed the tax bill. Now the checkbooks are open again, the party's top bankrollers say — just in time for a challenging ...
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Washington Gov. Jay Inslee is pushing a first-in-the-nation state plan to tax carbon emissions. Revenues from the carbon tax would fund clean-energy projects around the state. Here & Now's Jeremy Hobson talks with Inslee (@GovInslee), who's just back from the World Economic Forum in Davos, ...
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A onetime business partner of former state Sen. Brian A. Joyce was arrested today on federal charges he conspired to defraud the IRS out of hundreds of thousands of dollars while helping Joyce file false tax returns for years. A grand jury returned the indictments against certified public accountant John ...
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WASHINGTON — A little-noticed section in the $1.5 trillion tax cut that President Trump signed into law late last month is drawing attention from venture capitalists, state government officials and mayors across America. The provision, tucked on page 130 of the sprawling tax overhaul, is an attempt to ...
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If you do file early and expect a refund under the earned income tax credit, or the American opportunities tax credit be patient. King Bess said the IRS will hold those refunds through Feb. 27 to protect the taxpayer. "Those are two areas where there is a lot of fraud with the earned income and college tax ...
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Bernie Marcus, a co-founder of Home Depot, slammed Democrats who have criticized the Republican-led tax plan, telling the politicians to "use your stupid brains" on Fox News on Saturday. In the weeks after President Donald Trump signed the sweeping tax bill, Republicans have rushed to declare it a ...
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Based on the property appraiser's valuation, the Palm Beach County Tax Collector sent Trump a bill for $398,315. Trump responded ... While Trump's three-page suit doesn't say how much he thinks the course should be worth, Jupiter Golf Club pays property taxes at a rate of 2 percent. So by claiming ...
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As President Trump is about to unveil his big infrastructure program, the idea of raising the federal gasoline tax is again gaining traction. But that idea makes little sense on many fronts. Instead of raising the gas tax, Congress needs to stop spending Highway Trust Fund money on unrelated projects and ...
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Iowa brewers are toasting the recently approved federal tax changes, saying a tax break targeting their industry could spur expansion and more profits. ... Keg Creek is also one of the about 80 local breweries eligible for a tax break from President Donald Trump's tax plan that went into effect this month, ...
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Changes in the federal tax law could complicate another equation for Bay Area residents — whether to rent or own. A study by researchers at the Urban Institute, a social and economic policy think tank, found the tax law signed by President Donald Trump in December could persuade some families to ...
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When congressional Republicans passed the Tax Cuts and Jobs Act last fall, polls showed that the bill was the single most unpopular piece of tax legislation offered by either party in the past four decades. But those polls also showed that many Americans falsely believed that the bill did not cut their ...
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If you're wondering what has changed recently in tax laws, the IRS' website has a page full of updates — https://goo.gl/4sU9RP. The page provides up-to-date tax law news, FAQs, and legal guidance information. I'm sure the thought of having to wrangle with forms, tax schedules, and new laws probably ...
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More than two million people face a last-minute rush to complete self-assessment tax forms before a deadline. Some 11.8 million people, primarily those with more than one source of income and the self-employed, are required to complete returns. Most have met the online filing cut-off at the end of ...
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WEB
Tax Reform
The biggest sleeper in the new tax regime is the elimination of almost all "miscellaneous deductions." Believe me, you'll thank me for alerting you to this little morsel now, at the beginning of the year, when there's still time to do something about it.
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Pay your Council Tax by direct debit
Pay your Council Tax by direct debit. Direct Debit. Most of our customers now pay by direct debit as it is the easiest, quickest and cheapest way to pay as we take your instalments direct from your bank or building society account. It is the only method of payment that comes with a guarantee. Set up your ...
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Governor Releases Tax Plan, Rightly Aiming For Revenue Neutrality
After releasing his proposed budget last week, today Governor Eric Greitens followed it up in with his long-awaited tax cut plan. Readers will find details at the link, but I wanted to highlight one noteworthy paragraph from the release:
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Council Tax change in circumstances
Information about what to do when your details change in regards to council tax.
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Tucked Into the Tax Bill, a Plan to Help Distressed America
WASHINGTON — A little-noticed section in the $1.5 trillion tax cut that President Trump signed into law late last month is drawing attention from venture capitalists, state government officials and mayors across America. The provision, tucked on page 130 of the sprawling tax overhaul, is an attempt to ...
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Tax and regulatory reform's economic boon
At ExxonMobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States. These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law. In fact, as you have probably seen, ...
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How Companies Are Spending Their Tax Reform Windfall
On paper, US corporations are expected to take the billions in tax reform windfall profits and spend them on capex, R&D and higher wages. And based on their actions and announcements, some companies are doing just that, although "some" is the operative word. Because while the GOP tax overhaul ...
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Proxies for the corporate marginal tax rate
This paper focuses on how best to measure the corporate marginal tax rate, which is an important input into financial analysis of the cost of capital, financing policy, corporate hedging, and corporate reorganizations. The results indicate that the simulated tax rate used by Shevlin (1990) and Graham ...
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Va. lawmaker to introduce 'Netflix Tax'
Post a comment! Create an account. [–]ElectricNudibranch [score hidden] 30 minutes ago (1 child). This is why Net Neutrality is important. You already pay taxes on your internet bill, just because data is coming from Netflix doesn't mean it should be taxed, that's double dipping on the governments part.
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TRUMP BOOM: Exxon Mobil Announces Biggest Response To GOP Tax Cut Yet
So much for "crumbs." Citing the "historic" Republican-passed, President Trump-signed $1.5 trillion tax cut, Exxon Mobil announced on Monday that it plans to invest an additional $35 billion in the U.S. over the next five years .
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Three Views on the Ethics of Tax Evasion
In 1944, Martin Crowe, a Catholic priest, wrote a doctoral dissertation titled "The Moral Obligation of Paying Just Taxes". His dissertation summarize.
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Governor Cuomo Warns New Yorkers of Potential Scams and Promises of Inflated Tax Refunds as ...
Governor Andrew M. Cuomo today warned New York taxpayers about the tactics some unscrupulous tax preparers will use to extract more of their hard-earned money now that personal income tax filing season is underway. Consumers should be wary of preparers who offer "instant refunds" or "no ...
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8 Big Tax Law Changes and What You Can Do About Them
You may start to see more take-home pay, but it's not necessarily good news. Here's how recent tax law changes could impact your tax return this year and beyond.
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IRS Now Accepting Tax Returns For 2017
The IRS begins accepting tax returns for the 2017 tax year today. Westwood One Correspondent Scott Carr tells us we have an extra couple of days to get ...
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Housing benefit and council tax support
Information on housing benefit and council tax support within the Royal Borough. What the benefits are and how to apply.
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Global Trajectories of Tax Reform
Tax reform has been a significant part of economic development and structural adjustment projects for developing and transition countries since World War II. Wh.
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Eliminating the mortgage tax deduction could boost homeownership
(3) Implications of US Tax Policy for House Prices, Rents, and Homeownership Kamila Sommer and Paul Sullivan This paper studies the impact of the mortgage interest tax deduction on equilibrium house prices, rents, homeownership, and welfare. We build a dynamic […]
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Find Tax Forms and Instructions
We encourage taxpayers to electronically file and pay taxes whenever possible, as errors and easily made mistakes are significantly reduced with e-File. Use this page to easily access forms pages for various tax schedules, in addition to other form types.
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SALEM: A larger refund with earned income tax credit
The Earned Income Tax Credit, or EITC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC could reduce the amount of tax you owe or you may get a refund.
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Fast Tax
Find. Near. Home; \; la; \; homer; \; Tax Return Preparation. Fast Tax. 826 W Main St, Homer, LA, 71040. (318) 927 - 2992. Category : Tax Return Preparation ,. State & Income Taxes · Visit Website · Claim your listing. Print. 1. +-. Leaflet | © OpenStreetMap. More Info Reviews ...
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Withholding Tax Forms for 2018 Filing Season (Tax Year 2017)
Form #. Title. Filing Date. D-4 · D-4 (Fill-in). Employee Withholding Allowance Certificate. File with employer when starting new employment or when claimed allowances change. D-4A · D-4A (Fill-in). Certificate of Non-residence in DC. File with employer when requested. 2018 FR-900A · 2018 FR-900A ...
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Tax Forfeited Properties
TAX-FORFEIT PROPERTY- ADA & TWIN VALLEY. For more information, please contact the Norman County Auditor/Treasurer at 218.784.5471. Attached Document or File FACTS_YOU_SHOULD_KNOW_BEFORE_BUYING_LANDS_FORFEITED. Attached Document or File Notice of Sale of Land ...
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Tax Strategy
In all cases, we aim to calculate the right amount of tax, observing all relevant rules and regulations pertaining to that tax, and pay over to the relevant tax authority at the right time.
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Supreme Court favors Lake Lanier marinas in tax case
The Supreme Court of Georgia has sided with five marina owners in an appeals case against the Hall County Board of Tax Assessors. According to an opinion released Monday, the board failed to follow state law and schedule a settlement conference within 45 days of receiving the property owners' ...
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IRS to begin accepting tax returns Monday
DES MOINES - Monday is the first day the IRS will start accepting 2017 tax returns.
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2017 Tax Year Client Survey
United Way of Olmsted County works with the AARP Foundation's Tax-Aide Program and the MyFreeTaxes.com partners to provide free tax preparation programs throughout our area. If you filed your taxes at one of our tax sites in 2018 (tax year 2017), please give us your feedback by completing the ...
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Exxon Plans Major US Investments Due to Tax Reform: CEO
Darren Woods, head of the world's largest publicly traded oil producer, said in a blog post on the company's website that Exxon expects to spend $50 billion in U.S. projects over the next five years. The company also is "actively evaluating" projects now in planning stages as a result of new tax and ...
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The Partisan Divide Over the Carbon Tax Is All Smoke
Republican lawmakers who oppose a carbon tax are usually motivated by a belief that their constituents will get a raw deal. But standard political commentary on carbon taxation focuses on the higher...
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Wayne D. Roberts
Wayne is a member of Varnum's Tax Team. His practice includes all aspects of federal and state tax planning and tax litigation. He represents both closely-held and Fortune 1000 companies in tax disputes with the IRS, the Michigan Department of Treasury, and revenue departments in Pennsylvania, ...
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Winners and Losers: Professors Critique New Tax Law's Impact on Taxpayers, Economy
Professors Ethan Yale and George Yin offer their opinions on the impact of the Tax Cuts and Jobs Act of 2017 on taxpayers, businesses and the economy in general.
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What *Didn't* Change as a Result of the New Tax Law?
That is, people want confirmation that certain things weren't changed by the broad new tax law. "Is Social Security taxation changing?" (Nope.) "Has the premium tax credit changed?" (Nope.) And so on. So, with that in mind, here's a non-exhaustive list of things that are essentially unchanged as a result ...
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1040 & Business Entity Tax Tune-Up
These custom tax prep workshops replace the previous Gear Up courses and will focus on everything you need to navigate filing season with confidence.
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tax cut
tax cut - Translation to Spanish, pronunciation, and forum discussions.
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Money Mondays: Companies Are Sharing Their Tax Windfall
Lower taxes, Tom. The recently passed tax bill will see the nominal top corporate tax rate fall from 35% to 21%, providing a huge financial windfall for corporate America this year. It will mean companies will pay less in tax going forward, and it will also allow them to bring cash they earned overseas back ...
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Free Tax Preparation for Low-Income Families in San Diego
It's that time of the year again to get your income taxes filed, and you might be able to get them done for free. The County is once again teaming up with its local partners to help low-income families or individuals prepare their taxes at no cost. The free tax preparation will take place until April 16 at dozens ...
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Payroll Tax Skepticism Continues
From the Morning Memo: New York's tax structure could be entirely rewritten in the coming weeks as Gov. Andrew Cuomo pushes for a potential payroll tax to replace the personal income tax. The speed and the amount of time to do this, however, is being questioned. "That's a big question. I don't know if ...
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Tax Identity Theft Awareness Week
It's Tax Identity Theft Awareness Week in the United States, which means that tax-related identity theft happens often enough to get the government's attention. The Federal Trade Commission (FTC) and Internal Revenue Service (IRS) have provided the public with a number of resources to help raise ...
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New tax code impacts lottery prizes
The new tax code will impact lottery players and prizes, so here's what you need to know. When you claim a prize of over $5,000, we automatically take out the minimum state and federal taxes before we give you your check. Starting Monday, January 29, the amount is changing to reflect the new tax ...
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Update your details
How to tell Council Tax that your address has changed if you are moving into or out of Herefordshire or moving within Herefordshire.
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The federal tax cut is not the problem. The budget is.
This week it was announced that Gov. Malloy, along with Govs. Andrew Cuomo and Phil Murphy, is joining a lawsuit challenging the new federal tax laws that put restrictions on state and local tax deductions. Malloy argues the new tax laws discriminate against mostly blue states that voted against ...
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Tax season starts today. Here are some resources that will help
Ready … set … file! Tax season officially starts today, and we thought this would be a good opportunity to share some resources that might be helpful…
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Companies Are Giving Out Bonuses, Thanks to the Trump Tax Plan
More than three dozen of the biggest American companies have shared their tax-cut windfalls with employees, mostly through one-time bonuses but also with hourly wage increases and bigger 401(k) matches following the new tax law passed in December. Yes, although some companies like Walmart ...
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New Tax Act Provides Estate Planning Window of Opportunity
The Tax Cuts and Jobs Act signed into law by President Trump on December 22, 2017 represents the largest overhaul of the tax code since 1986.
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Tax Identity Theft
Tax identity theft. Tax Scammers May Target You: Here's What To Do. It's that time of year — tax time. It's also Tax Identity Theft Awareness Week. Time to get up to speed on tax-related scams. Here are two ways tax scammers might target you and what you can do about it: ...
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Tax
Hi, Does anyone know what the tax amount is that is payable upon check in? Thanks.
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Uniform domestic tax rates, trade distortions and economic integration
This paper examines the argument that uniform indirect tax rates are necessary to remove trade distortions for participating countries in economic integration. In a simple goods mobile, factor immobile international trade model it is shown that uniformity of tax rates is not necessary with either a general ...
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