Tuesday, February 20, 2018

Google Alert - tax

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tax
Daily update February 20, 2018
NEWS
With many Americans reviewing their financial situation after the passage of the Tax Cuts and Jobs Act, it is important that any life insurance needs are also reviewed at this time. The reality is that many people do not think about life insurance as a financial asset and don't review their life insurance ...
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Small-business confidence is surging in 2018 as optimism rises among small-business owners about the newly enacted tax-reform package, according to the latest CNBC/SurveyMonkey Small Business Survey, released Tuesday. The CNBC/SurveyMonkey Q1 Small Business Confidence Index saw an ...
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In the devolution referendum of 1997, Scots voted not just to have their own parliament, but to have a parliament with tax-varying powers. Now, some 20 years later, Holyrood is poised to take a significant step away from the UK's income tax system. The change has arguably been a long time coming.
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A growing number of conservative luminaries have called for a carbon tax to mitigate pollution and climate change, but George W. Bush's former environmental advisor suggested last week their energy is better spent elsewhere. Jim Connaughton chaired the White House Council on Environmental ...
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Unions representing about 35,000 Disney World workers say Disney is refusing to pay their members $1,000 tax cut bonuses. Disney (DIS) announced the $1,000 bonuses last month for 125,000 U.S. employees. The company said at that time that the bonuses would go to full and part-time employees, ...
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Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as "a property, not a currency", making it therefore taxable as such. The Authority's ...
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24/7 Wall Street reviewed the tax burden of residents in each state — the portion of income that goes to state and local governments' taxes — from the report, "Facts & Figures 2017: How Does Your State Compare?" provided by tax policy research organization Tax Foundation. These tax burdens do not ...
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The idea of raising the federal gas tax is one that has been born and died an awful lot of times in the last two-and-a-half decades. Nationally, the last time the gas tax was increased was back in 1993, when President Bill Clinton signed the Omnibus Budget Reconciliation Act and set the tax at 18.4 cents ...
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Since 2017, payroll taxes alone don't create enough tax to cover the cost of Social Security payments. The government will have to make this revenue from other areas. Where? And what about, Medicare, Medicaid, and on and on? We are currently $20-plus trillion in debt. All indications point toward ...
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L.A. County's homeless problem is worsening despite billions from tax measures ... Homeless advocates considered the quarter-cent sales tax to be the best approach to raising money for homelessness, but the $355 million it is expected to generate each year falls short of meeting the county program's ...
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The Internal Revenue Service is trying to help tax filers prepare for next year. In the light of the recent tax overhaul, it's launching its new withholding calculator that will help people check if they are having too much or too little held back from their paychecks for taxes. Click the audio player above for the ...
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Those taxpayers have been hit by limits in the Tax Cuts and Jobs Act beginning in 2018 on how much of their state and local taxes they may deduct from their federal taxable income. Using this tax credit mechanism could also support qualifying college students, who have seen tuition prices climb in ...
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2924 McNair Avenue • This project is unusual because it combines new construction with rehab of an almost-gone building while still qualifying for historic preservation tax credits. The house originally had a front room of brick and a rear portion of frame construction. The frame section had burned and ...
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For many homeowners — particularly seniors and others on fixed incomes — these increases can be tough. Exemptions and deferrals are available, and the King County Assessor's Office can help you learn if you qualify. But more must be done to make the state tax system fair and manageable for all.
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Hattiesburg attorney John Lee pleaded guilty to one federal tax charge. The case was unsealed Saturday. Lee was accused of filing a false corporate tax return for 2012. He is scheduled to be sentenced March 14 at William M. Colmer Federal Courthouse before U.S. District Judge Keith Starrett.
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Scottish Borders Council is to meet to agree its budget and tax rate for the next financial year. The Conservative/independent ruling coalition wants to increase council tax by 3% and remove 35 full-time posts from the payroll. Its budget would also see £22m invested in the region's roads and bridges over ...
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The slogan "I Love New York" will be turned on its head if Gov. Andrew M. Cuomo increases payroll taxes and cuts income taxes to get around the federal Tax Cuts and Jobs Act. The governor claims this shell game won't hurt businesses because their federal tax deductions have no cap and they can ...
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My last column on this topic was a "good, bad and ugly" analysis after the TCJA became law, as it would be applied to business tax returns. Clearly, for most individuals and businesses, the new law is good news, because lower taxes means more cash to be spent. But unlike consumer purchases, when ...
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Liberty Tax has fired its CEO – in the thick of tax season and after only six months on the job – replacing him with a board member handpicked by founder John T. Hewitt, according to a company statement released late Monday. The ousted CEO, Ed Brunot, was a tax industry outsider hired away from a ...
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But since many expect the tax cuts will lead to an economic surge, it's a game worth playing. As anyone who reads this column knows, I was against the cuts. Sure, I like more money in my paycheck. But the danger is the economy wouldn't grow sufficiently to increase revenue enough to offset the taxes ...
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"We don't have to discuss the legitimacy of this tax reform but we have to see the impact it has on the world economy and on the common rules," Pierre Moscovici, the EU's economic affairs commissioner, told reporters on Tuesday. "We have doubts and questions about compatibility with World Trade ...
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Businesses in Somalia's largest open-air market have boycotted trade over the introduction of a five percent sales tax. 11 hours ago ... Business owners in Bakara market are protesting over a five percent tax imposed by the government, in an effort to pay back some of its international debt. Al Jazeera's ...
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The impact of raising the gas tax by 25 cents per gallon, as the U.S. Chamber of Commerce has suggested and Trump reportedly has offered to support, would vary widely from state to state because of differences in the current tax rate and fuel consumption, the report by Americans for Prosperity and ...
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Portland Climate Action Community Benefits Initiative 2018, which would impose a tax on large retailers, would devote new resources to renewable energy ... A proposed Portland ballot measure to impose a tax on large retailers to pay for renewable energy projects faces a technical and legal challenge.
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BOSTON -- High-income earners in Massachusetts could have reason to leave come November, a new study suggests. A proposed question on the November general election ballot -- alternately known as Fair Share, Proposition 80 or the "Millionaire Tax" -- would add a 4-percent tax on income over $1 ...
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The tax overhaul that President Trump signed into law now has more supporters than opponents, buoying Republican hopes for this year's congressional elections. The growing public support for the law coincides with an eroding Democratic lead when voters are asked which party they would like to see ...
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BATON ROUGE — Do you want the state to take a small part of your federal tax cut savings to help solve its budget problems? Right now, that will happen automatically for many Louisiana residents as the federal tax cuts lower the value of the deductions they can take on their state returns. And as the ...
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Although U.S. equities have retraced half of the sell-off that began late January, upcoming benefits from U.S. tax and spending plans are still underappreciated by investors, according to Turnill. While valuations are historically high, earnings growth matters more over shorter time horizons at this stage of ...
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(If you're in this boat, don't despair; this may mean you're doing a good job of managing your withholdings and quarterly tax payments throughout the year.) Depending on your financial situation, a refund offers a rare opportunity to improve your financial standing, according to Experian. Here are the ...
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Trump and House and Senate Republicans celebrate the passage of the GOP tax plan at the White House. Photo: Chip Somodevilla/Getty Images. The Republican tax cut law, which once appeared overwhelmingly unpopular, is now supported by a narrow majority of Americans, according to a Survey ...
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The government will raise taxes on home buyers to 4 percent from 3 percent for purchases in excess of S$1 million, Finance Minister Heng Swee Keat said in his budget speech in Parliament Monday. The changes -- introduced to make the tax system "more progressive, fair and resilient" -- will apply to ...
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WASHINGTON—A turf battle is breaking out in the Republican Party over which agencies should have a say in writing new regulations stemming from last year's landmark tax legislation. Some Republican senators are pressuring the Office of Management and Budget to get involved in reviewing tax ...
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It has been used around the commonwealth quite effectively," said Elizabeth Kostelny, chief executive officer of Preservation Virginia, a nonprofit historic preservation group. The group commissioned one of the recent studies showing the economic benefits of the tax credits, which preservation advocates ...
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SUWANEE, Ga. - It's tax time folks. Happens every year at the same time. And every year about this time, thieves try to steal your identity and your money. But this year has an added layer of concern. Remember that Equifax breach? More than 145 million people are impacted. And now we're hearing ...
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SACRAMENTO » California renters would gain new legal protections — and a doubled state tax credit — if lawmakers pass a package of bills announced amid pressure to help millions of people coping with the threat of eviction and lack of available rental housing. The proposals, introduced last week, ...
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Bucking a years-long decline in annual revenues, HSBC said on Tuesday that it brought in $51.5bn in adjusted revenues, a 5 per cent increase on the year before but still below a consensus of analysts. Europe's largest bank posted $2.3bn in adjusted pre-tax profit for the last three months of 2017 after ...
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TOULON — Stark County voters will decide in a March 20 referendum whether to increase the county sales tax to provide more funds for the Sheriff's Office and other public safety purposes. The County Board voted unanimously in December to seek approval for raising the public safety sales tax from .5 ...
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LINCOLN — Signature-gathering has started on a petition seeking to provide some $1.1 billion worth of savings to Nebraska property tax payers. The Yes to Property Tax Relief drive must collect nearly 85,000 valid signatures from registered voters by July 5 to get the proposal on the November ballot.
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A. Your kids will avoid paying any inheritance tax under this scenario. The state's estate tax was repealed on Jan. 1, 2018, but the inheritance tax remains. The inheritance tax is imposed on property passing to anyone other than a spouse, parents or lineal descendants -- children, grandchildren, and ...
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OLYMPIA — A Western Washington mushroom farm, hemmed in by suburbia, is seeking a tax break estimated to be worth roughly $1.8 million to help it move east of the Cascades to the Port of Sunnyside in Yakima County. Ostrom's Mushrooms President David Knudsen said the farm was put down 50 ...
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Congress first authorized tax deductions for mortgage-insurance premiums more than a decade ago, but legal authority for the write-offs lapsed at the end of 2016. The new budget bill provides for a retroactive extension for premiums paid during 2017, but it's silent about future deductions, including for ...
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A line item in the tax law creates a new Opportunity Zone program, with incentives to draw business to underdeveloped places. This strategy has been tried by former administrations, and state and local governments, with results that have often been disappointing. Click the above audio player to hear ...
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Voters will decide next month whether the Fox Valley Park District should get more tax money to pay for operating and maintaining its parks, museums, recreation centers and programming. Why? According to the district, part of it is because it added assets in recent years while freezing its property tax ...
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"It was not a progressive tax bill, it was a regressive tax bill," he said. "People who are wealthier tended to get dramatically more benefits than the middle class or those who are poor, and so it runs counter to the general trend you'd like to see, where the safety net is getting stronger and those at the top ...
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The new windfall tax will likely be capped at 5% of the increases in land valuations before and after a state project is built in an area, according to a tax official. The Treasury Department is already responsible for keeping track and setting land valuations all over the country and the valuations are revised ...
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With tax filing season in full swing, experts at Notre Dame Law School are advising taxpayers to look into the qualifications of any tax preparer used. The IRS does not require any particular licensing to tax return preparers. The director of Notre Dame Law School's Tax Clinic, Patrick Thomas, says ...
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JACKSON, MI - Federal tax reform is burdening Consumers Energy roughly $150 million from 2017, but is providing a big boost in 2018 and beyond - something that will likely transfer to customers, the company said. CMS Energy - the parent company of Consumers - has proposed to the Michigan ...
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Tax season is here, and if you haven't already started gathering your documents, now is the time to do it before it's too late. The IRS will receive millions of individual tax returns this season, and you want to make sure your return maximizes your hard earned cash. In CPA Kevin Johnson's tax book of ...
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Mobile-based Xante Corp. handed out $1,200 bonus checks to most of its employees on Monday, as its CEO gave thanks to a Republican tax reform bill and Rep. Bradley Byrne. Xante provides high-end printers and related software for use by professional graphics and printing operations. It employs a ...
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Hackbarth said the coalition, whose members include health, business and other groups, does not expect that a standalone bill raising the cigarette tax will pass during the current session. The 60-day General Assembly is more than halfway over, with lawmakers yet to tackle pension reform and the ...
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WEB
Israel Tax Authority
Israel's official tax authority has confirmed that cryptocurrencies like bitcoin will be taxed as an asset with investors subject to capital gains tax.
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Union workers want Disney to pay their $1000 tax cut bonuses CNN
Disney is one of the companies offering a $1000 'tax reform' bonus, but 35000 workers at Disney World saying they're being denied bonus because of union contract negotiations.
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Heng Swee Keat's tax plan contradicts PM Lee's views on GST hike during GE2015
Finance Minister Heng Swee Keat announced that the Goods and Services Tax (GST) will increase by 2 per cent, as he delivered Budget 2018 yesterday. This tax hike will raise the GST from 7 per cent to 9 per cent and will be implemented sometime between 2021 and 2025, most likely after the next ...
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BlackRock is suddenly a lot more bullish on US stocks with tax cuts
BlackRock strategists have turned more bullish on U.S. stocks and expect the tax cuts and stimulus to "supercharge" earnings growth.
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Wyoming Moves to Lift Cryptocurrency Property Tax
In a one-two punch to the US Fed, the Wyoming Senate Bill 111 was introduced on Feb. 16, moving to exempt cryptocurrencies from property taxation, solidifying the state's business tax-friendly reputation and lifting its profile for blockchain businesses in the interim. If the bill passes, not only would it be a ...
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Proactive Financial and Tax Planning Strategies
The American Taxpayer Relief Act of 2012 (ATRA) and Net Investment Income Tax (NIIT) have added more complexity to planning given that you now have to navigate through a multi-layer tax system in conjunction with running multi-year scenarios to gain a clear picture of the tax landscape in order to ...
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Crapping All Over Popular GOP Tax Cuts Not Such a Great Idea, Dems ... Says New York Times!
The GOP tax cuts are popular. Sorry, Democrats. But we told you they would be. Here is something you, and plenty of Republicans along with you, continue to not understand: people like paying less in taxes. Here is something else you should understand: make them permanent. Even the New York ...
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Tax
Our Tax Law practice offers high quality tax consulting services aimed at planning and implementing national and international corporate and tax structures. It includes services related to risk profiles.
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LOTS of Tax Delinquent Properties going up for Auction
Motleys is helping to auction off a whole host of tax delinquent properties for the City of Richmond on Wednesday. You can visit their site HERE for more information. If you're looking for an opportunity for an investment you can often-times pick up these tax sales for cheap. There's even online bidding!
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The Tax Studio
Hello! And thanks for dropping by. We're busy making a brand new website and will be with you shortly. In the meantime if you need to contact me urgently, please email me at. fbrennan@taxstudio.ie.
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IRS officials warn of new tax scam
WASHINGTON (NBC) If a big, fat refund check from the IRS unexpectedly shows up in your mailbox or gets deposited into your bank account, do not try to cash it. "Now, that's not your money and if you don't actually return it to the IRS, you could get in trouble," says tax lawyer and writer for Forbes, Kelly ...
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Two tradies jailed for two years for 'calculated' tax evasion
Avoiding nearly $1m in tax earns plasterer and builder two-year jail terms.
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Question about Estimated Tax Payments
Hi,. 1- I will be making federal taxes estimated payments quarterly this year. At the end of the year for 2018 taxes when I do my returns, will I receive a form or something showing I paid taxes? I was going to pay through https://www.pay1040.com/. 2- When doing your tax returns, is there a place to add ...
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Itani Accounting & Tax Services, LLC
Itani Accounting & Tax Services, LLC home page based in Little Falls, NJ offers tax preparation and accounting services. Let us show you how we can help.
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Words that start with Tax
Words that start with Tax, words starting with Tax, words that begin with Tax, words beginning with Tax, words with the prefix Tax.
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Sales & Use Tax Automation Senior Manager
Job Description for Sales & Use Tax Automation Senior Manager in Orlando, Florida - Grant Thornton 039486.
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Kansans Have Quick Deadline to Challenge Property Tax Assessments
Most commercial property owners pay their tax bill no questions asked. Operating on autopilot is likely a costly mistake. Chances are when you receive your current assessment in the mail in February or early March it's too high and you're getting overbilled. In fact, some assessment values are going up ...
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The Dad Tax.
Post with 3826 votes and 174856 views. Tagged with funny, the more you know; Shared by OctopussSevenTwo. "The Dad Tax."
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New Dawn Mauritius 2013 Tax Return
Toggle Description New Dawn Mauritius 2013 Tax Return. This document is part of the Paradise Papers investigation. Contents. Original Document (PDF) » · Related Article ». Contributed by: Hamish Boland-Rudder, International Consortium of Investigative Journalists. « Page Note 1 of 6 0. » To print ...
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'Dining tax' could up restaurant costs
The price you pay for a night out to dinner could go up in the Gem City.Quincy Mayor Kyle Moore announced the possible tax during last week's State of the City Address.Moore says the tax would bring in more revenue for the city.The tax would add an extra c.
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Tax Director
The Tax Director is a member of the Tax Leadership Team who is principally responsible for leading and directly managing the Global Tax Planning function for the LYB group for income taxes. This position currently has ±3 tax professionals directly reporting to it and ±6 indirect reports, which ...
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Tax time help
Tax time help. 39 mins ago in Lifestyle. Tax time help. It appears not everyone used the weekend to watch "Black Panther," shop for cars — or see what kinds of deals on mattresses and furniture could be had. Photo: clipart.com ...
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Billionaire Bill Gates slams GOP tax law
Microsoft founder and billionaire Bill Gates slammed the recent Republican tax cut on CNN's Fareed Zakaria GPS. During an interview, Gates—who is worth an estimated $90 billion—denounced it as "regressive" bill that benefitted the wealthy much more than the poor and middle class. When Zakaria ...
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Lesson From The Tax Court: The Phantom Of The Tax Code—Discharge Of Indebtedness
The Tax Court issued two opinions on January 16, 2018, where taxpayers got hit by what I call the Phantom of the Tax Code: Discharge of Indebtedness (DOI), also known as Cancellation of Debt (COD). I will first tell you about each case, and then discuss what we can learn about this Phantom. In John ...
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Intercity Transit Sales Tax Bill Gets Second Hearing Today
In a disappointing legislative session marked by mostly defensive effort to protect the Sound Transit 3 project list from cuts, there has been one bright light: Engrossed Substitute Senate Bill 5288, allowing Thurston County Intercity Transit to add an additional 0.3% sales tax within its district, if approved by ...
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Somali traders, government locked in dispute over new tax
A major deadlock between Somali authorities and the business community is threatening to have serious economic implications in a nation overcoming decades of conflict. Traders in Somalia's largest market, Bakara, have boycotted business over what they termed as punitive tax measures imposed by ...
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State To Increase Tax On Workers' Paychecks
Louisiana is taking more taxes out of workers' paychecks. The state constitution allows for it, if the federal government lowers their tax brackets, which.
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by Andre Benayoun, JD
In an effort to prevent U.S. businesses from shifting profits offshore to low-tax countries, the Tax Cuts and Jobs Act imposes an annual tax on foreign income that exceeds 10 percent of a taxpayer's return on all foreign depreciable assets, including plants, equipment and real estate. However, under this ...
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7500 Tax Credit approved!
I submitted my tax returns on 02/12 with form 8936 for $7500 EV Tax credits and it just got approved today.
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Opportunity Knocks under Tax Reform
As part of the new tax law, a taxpayer may elect to defer capital gain from the sale or exchange of property by investing in a qualified opportunity zone fund until the earlier of the disposition of the investment or December 31, 2026. A portion of the capital gain from the sale or exchange may be excluded ...
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P M Tax Service LLC
Home; \; ky; \; winchester; \; Accounting Tax & Computer Consultants. P M Tax Service LLC. 1476 W Lexington Ave, Winchester, KY, 40391. (859) 745 - 0884. Category : Accounting Tax & Computer Consultants ,. Tax Return Preparation ,. State & Income Taxes · Claim your listing. Print. 1. +-. Leaflet | © ...
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Majority of Americans Now Support Trump Tax Cuts=> Up 18% Since December
Only 33% of Americans supported the Trump tax cut. 52% disapproved of the tax cut. In December Democrats led Republicans by 18 points in CNN's generic party polling. One month later Republicans are down only 5 points after passing the Trump tax cuts. And two months later Republicans lead ...
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Sales Tax
The title of this thread has been edited from the original: sales tax. I am brand new to this and I wanted to know ... how do I know whether I should include sales tax, and what rate should I include? If I don't add the sales tax now, can I just take it out later, at tax time or something? If I include it in the ...
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Tax Resources
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding ...
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Sr. Tax Analyst
GENERAL PURPOSE: The Senior Tax Analyst is a key contributor to the Tax Group which will be responsible for supporting all areas of tax compliance and planning including tax accounting, tax return filing, tax budgeting and forecasting, income tax & sales and use tax audits, and tax strategic planning ...
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Tax advice for 2018
When it comes to tax filings, it can seem like a minefield for even the most seasoned tax preparers.Students of Truman State University's VITA program are helping low-to-moderate income filers, while gaining real-world experience.The more simple your tax r.
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Seven tips to prevent tax ID fraud
BALDWIN, WI – With the 2018 tax season underway, all customers should take extra precaution when filing their return to prevent their exposure to tax fraud. "Fraudsters are using very clever tactics to get a hold of your personal information and submit false tax claims," said Lisa Lyon, Retail Banking ...
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Montgomery tax returns due April 17
As a convenience to Montgomery residents or taxpayers, the tax office offers extended hours in April. Beginning April 1, the weekday hours are extended from 7:30 a.m. to 5:00 p.m. On April 16 and 17, the tax office will be open from 7:30 a.m. until 6:00 p.m. On Saturday, April 8 and April 15, assistance is ...
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Union Workers saying Disney is withholding tax cut bonus from 38000 Cast Members!
In January, Disney announced a $1,000 bonus for 125,000 U.S. employees following the Trump administration's recent tax cut. However, Disney today withheld that bonus from 38,000 unionized Orlando employees who are negotiating a wage increase. Disney has conditioned payment of the $1,000 ...
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Sales and Use Tax for Businesses
Learn what is and isn't subject to sales or use tax and how to register your business with the Department of Revenue.
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Senior Tax Accountant - Investments
We are a top CPA firm that's located just outside of Boston and takes pride in offering a terrific work-life balance to our employees. We provide tax and audit services to businesses, middle market enterprises and high net worth individuals. We're looking to add a Senior Tax Accountant to our team.
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Why Your Refund Anticipation Loan Didn't Go Through
Tax season has just begun, and it's time to start figuring out what you're going to do with your tax refund. And if you're one of the 18% of tax filers receiving a refund which is looking to get it early, you may be considering a refund anticipation check (RAC) or refund anticipation loan (RAL.) In 2017, the IRS ...
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Sales tax tips percent of change from JustBePositive on t
Sal solves percent word problems involving tax, tip, and discounts. com - (4 pages) - INB foldable for sales tax, tips, percent f change, discounts. . which you are calculating , P represents the initial population , R represents the rate of change of the population 'annually' and T ...
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Discover Abundance by Escaping the Scarcity Spiral and the Tax Trap
As much as we'd like to believe that abundance requires zero effort, the reality is that there are a number of things that arise in life that can prev.
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Simplify your tax calculation process by using IFRS TAXellence, a new technological solution ...
Adaptive questionnaire. By the application of a user friendly, adaptive questionnaire, IFRS TAXellence assesses which general and special tax base adjustments (that are only applicable for taxpayers preparing their statutory financial statements based on IFRSs) should be taken into consideration ...
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Connecticut Introduces Income Tax Reform Bills
Legislation introduced in the Connecticut Senate would implement Gov. Dannel P. Malloy's federal tax reform and budget adjustment proposals (TAXDAY, 2018/02/08, S.5 , TAXDAY, 2018/02/08, S.6 ). Provisions that would impact corporation business and personal income taxpayers include:.
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