Sunday, March 18, 2018

Google Alert - tax

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tax
Daily update March 18, 2018
NEWS
In a normal universe, the rejection of a gas tax increase by a state agency would be based primarily on policy grounds. But in a strange mix of wonkish tax policy, political turf fighting and revenge, California drivers will be spared — temporarily — from a 4 cent per gallon tax increase on gasoline. On Feb.
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The tax reform laws Opens a New Window. that just went into effect at the beginning of the year included some massive changes to the federal tax system. New tax rates, new levels at which each rate bracket begins and ends, and higher standard deductions are just a few of the high-profile changes that ...
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Bank and investment statements: If you manage your accounts online, find out for how long your bank/investment company makes your documents available. For those still receiving paper statements, keep them for one year. For taxable investment accounts, flag any confirms of purchases or sales for tax ...
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The rollercoaster ride for some cryptocurrency investors could be about to take another tax-time lurch, according to experts, as the taxman looks for his share of transactions made using bitcoin and its like. Wild fluctuations in the value of digital currencies – bitcoin surged from less than one dollar in 2010 ...
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On Friday, the Twin Falls County Commission voted unanimously to grant a property tax exemption to KapStone Container Corp. Idaho statute allows ... Since the district was created in 1998, any tax on the increased property values has been given to the city's Urban Renewal Agency for public projects.
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FILE - In this Dec. 20, 2017, file photo, President Donald Trump, surrounded by members of congress and supporters, speaks during an event on the South Lawn of the White House in Washington, to acknowledge the final passage of tax overhaul legislation by Congress. The new tax law ends a benefit ...
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The federal limit on the deductibility of state and local taxes will effectively increase the tax burden of nearly every homeowner in downstate suburbs. These are the same taxpayers the state depends on to fund services in other regions. The state returns only 65 cents of every tax dollar paid by downstate ...
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Tech companies in South Florida can benefit from the Tax Cuts and Jobs Act ("TCJA"), as long as they proactively plan for the new tax changes. Otherwise, opportunities to maximize tax savings could quickly morph into more expensive tax bills. South Florida businesses in the technology, health and life ...
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Tens of thousands of Minnesota homeowners paid this year's property taxes before the end of last year. But with the tax filing deadline only about a month away, it's still not clear if the IRS will allow those early payments to be deducted on 2017 federal tax returns. "Unfortunately, that's where we stand ...
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Tax deadlines are just around the corner, but the good news is that there haven't been significant changes, so your tax bill for 2017 is likely to look a lot like 2016. "Most people are thinking about the new tax act, which of course doesn't take effect until 2018, so 2017 is pretty much like 2016," said CPA ...
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Property taxes this year are up about 17 percent on average in King County, according to Assessor John Wilson. That will add about $800 to the tax bill on a median-valued ($509,000) home in the county compared with a median-valued ($450,000) home last year. That's the largest one-year increase on ...
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LINCOLN, Neb. (AP) — Groundwater regulators in Nebraska could have a tougher time financing water conservation projects after a bill they endorsed died in the Legislature, but some lawmakers say the measure wasn't necessary and would have led to higher property taxes. The issue has divided ...
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The Treasury Department issued a strongly worded statement Friday in response to a report from the Organization for Economic Cooperation and Development on taxation of the digital economy. "The U.S. firmly opposes proposals by any country to single out digital companies," said Treasury Secretary ...
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BELTON, Mo. — The City of Belton is one of five Missouri cities asking voters to approve a Local Use Tax on April 3. Also known as an equity tax, it's a method of compensating municipalities for sales tax lost when purchases are made online or across state lines and then brought back to the city for use.
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Measure P's sales tax increase was sold as the way to rebuild public safety and our streets. It's done more than expected on the first promise. Police staffing is at the stated target; and the department has a fleet of new SUVs. We have our five fire stations, including the new one in Cordelia Villages, and a ...
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Mississippi lawmakers want to open one of the state's richest tax incentive programs to smaller projects, in hopes of helping the state recruit more businesses. Senate Bill 2479 , which passed the Senate on Thursday, awaits Gov. Phil Bryant's signature or veto. It would allow local governments to cut local ...
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Of consumers who heard news about recent economic changes, about 30 percent viewed the tax changes in a positive light, while roughly the same share had negative feelings toward the tariffs, according to the Michigan report. A fifth of Americans surveyed even said they favor buying items in advance ...
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But it is also very much in keeping with Labor's policy on negative gearing and capital gains tax. There again, they sought to undo a Howard-Costello policy that made things very favourable for older, wealthier people. Among the many problems with John Howard and Peter Costello, one of their greatest ...
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ST. PAUL, Minn. (AP) – Gov. Mark Dayton wants to undo some GOP-backed tax breaks passed last year and give some money back to Minnesota families. Removing tax cuts for some tobacco products, commercial properties and wealthy estates passed and signed into law last year was just a small part ...
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They say the 49-year-old tax preparer falsified her clients' tax returns and sometimes didn't file them at all, but still pocketed the fees she charged. ... Shelley Miller was one of Engman's clients and had scheduled an appointment with her on Thursday to clear up some confusion about previous tax returns ...
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Scam artists will try to steal your money 12 months out of the year. But they seem to up their game around tax time. In fact, if you haven't received a call or email from someone claiming to be from the IRS, consider yourself lucky. "Scams and schemes take on many variations and nuances," said IRS ...
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Everybody wants nice neighbors. Unfortunately for Morgan State University, the property next door is Northwood Plaza, a dilapidated shopping center that includes boarded-up storefronts and abandoned spaces. "The shopping center has deteriorated to the point where it is the site of serious criminal ...
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Pending legislation could provide tax credits that would benefit foster care system. Friday, March 16th 2018, 5:03 pm PDT Friday, ... Another aspect of the legislation would double tax credits for families who are adopting---including those who are trying to foster to adopt. It would go from $2,500 to $5,000.
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SPRINGFIELD -- Former Blandford tax collector LeeAnn Thompson will not serve jail time but will have to pay back at least $4,800 after admitting she embezzled town funds. Hampden Superior Court Judge David Ricciardone on Friday handed down a two-year jail sentence, which he suspended in ...
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The newspapers said that wholesale activities -- the sale of products to retailers such as department stores -- are largely carried out by Kering staff in cities such as Paris, Milan or London but that the group benefited from a low tax rate of about 8 percent by billing them through the Swiss region of Ticino.
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If your qualifying tuition and other educational expenses meet these requirements, the American Opportunity Credit is worth 100% of the first $2,000 in qualifying educational expenses and 25% of the next $2,000, for a maximum tax credit amount of $2,500. And if your tax liability is reduced below zero ...
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A 3rd Ward audience of about 45 on the city's west side seemed largely accepting of the proposed sales tax increase from 6.25 percent to 8.25 percent. Members of the public seemed satisfied that if the plan included an approximate 20 percent reduction in property taxes, they would be willing to pay ...
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The new tax law decreased Federal income tax rates and as a result lowered the IRS's tax withholding tables. Depending on the amount and frequency of the paycheck, the average American worker has seen an increase in their take home pay by tens if not hundreds of dollars each check," according to ...
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The U.S. economy is beginning the year with a downshift in growth despite $1.5 trillion in tax cuts signed by President Donald Trump in December. Unexpectedly weak February retail sales pushed down forecasts for the annualized pace of expansion in the first quarter, with the Federal Reserve Bank of ...
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Turning to the Taoiseach, and in a light-hearted tone, he added: "Whenever there is a problem, you call. We'll solve it. Except for trade. [Then facing the crowd.] They got those taxes so low. [And turning back to the Taoiseach.] You're a tough one to compete with, with the taxes. But congratulations, great ...
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Even after knocking a penny off the rate, the county expects a $15 million increase in local real estate tax collections this year thanks to higher assessment values. A penny on the tax rate is worth about $3.5 million to the county, a figure opponents of the tax reduction rely on when they argue the tax ...
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The article in question, placed on the warrant by petition, permits the town to exempt personal solar installations, such as solar electricity panels and solar hot-water systems, from property taxes. New Hampshire statutes RSA 72:61 through 72:64 enable towns to decide whether to do so.
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CHICAGO (CBS) — The Cook County commissioner who led the fight against the sweetened beverage tax is now fighting to keep his job. Richard Boykin was the first Democrat to oppose the soda tax championed by Cook County Board president Toni Preckwinkle. Now, CBS 2's Derrick Blakley reports, ...
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The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be felt in the pricey boxes at sports stadiums, or even at Double-A baseball games in small towns with loyal company backers. In Washington, lobbyists who helped craft the ...
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Though often sold to Illinoisans as a tax on the rich, a proposal to institute a graduated, or "progressive" income tax would constitute a tax hike on Illinoisans making as little as $17,300. And the typical family in Rock Island County would see a tax hike of more than $500. Residents currently pay a flat ...
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The NHS is set to receive billions of pounds in extra funding later this year with ministers considering possible tax rises on older workers. Theresa May will today tell Conservatives they must prove to voters that they "care enough" about the NHS if they are to beat Labour on the key battleground of public ...
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Earlier this year, the Rwigara family filed a case in the Commercial Court in Kigali, accusing the tax body of illegally seizing the company's bank accounts and assets. The family told the court that the tobacco plant's computers, account books and warehouses had been seized, making it difficult for the ...
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It's not that people don't like tax cuts. It's that many understand that the federal relief was charged to their grandchildren, and North Carolina's cuts have come at the expense of today's schoolchildren. Beyond that, most middle-income people realize that corporations and wealthy individuals benefit ...
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The plan can have a Roth and an after-tax contribution option in addition to a pre-tax option. In addition, the business can make a 25% annual profit-sharing contribution (or 20% if the business is a sole proprietorship or single member LLC). The combined maximum of participant and business ...
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CHARLESTON — Sen. Shelley Moore Capito, R-W.Va., thinks tax reform will be one of the key issues that help keep her party in power after the November mid-term election. "I'm going to keep talking about tax reform, and I bet everyone who voted for it will keep talking about it," Capito said in an ...
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ALBANY — The State Senate recently passed legislation that would ensure residents receive their state income tax returns in a timely manner. The bill, introduced by State Sen. Joseph A. Griffo, R-Rome, would require that the state send written notices that would explain to residents why they have not ...
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The tax reform laws passed at the end of 2017 brought substantial tax breaks for millions of Americans. But one little-noticed element that got included in the final version of the tax law changes will have a detrimental impact on taxpayers over the long run, and some of its effects are already starting to hit ...
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The Assembly has passed Walker's proposals, one of which would give families a $100-per-child sales tax rebate and a back-to-school sales tax holiday. The other, which passed the Assembly unanimously, would close the state's troubled youth prison in Irma by 2021, convert them to an adult ...
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ST. PAUL, Minn. (AP) - Gov. Mark Dayton wants to undo some GOP-backed tax breaks passed last year and give some money back to Minnesota families. Removing tax cuts for some tobacco products, commercial properties and wealthy estates passed and signed into law last year was just a small part ...
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Kishore Naik, who trained as an accountant, and four members of his family have invested in a portfolio of shares since 1980. He says that the shares are worth a substantial sum and have the potential to grow, which may pose an issue in the future, raising the possibility of capital gains tax (CGT).
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MONTGOMERY, Ala. (AP) Gov. Kay Ivey has signed into law a tax break bill that raises the threshold for claiming state income tax exemption. The act sponsored by state Sen. Del Marsh, a Republican, raises the income threshold from $20,000 to $23,000 for married couples filing jointly, heads of ...
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Early Tuesday morning, Secretary of State Rex Tillerson returned from his trip to Africa a day earlier than planned. He visited Djibouti, Ethiopia, Kenya, Chad, and Nigeria. According to BBC reports, Secretary Tillerson was informed of his firing on Friday, but President Donald Trump made the decision ...
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So it caught my eye recently when a team of French scientists published a paper on the practicality of putting a carbon tax on beef as a tool for meeting European Union climate change targets. The idea will no doubt sound absurd to Americans reared on Big Macs and cowboy mythology. While most of ...
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The valuations increases appear to have made some residents more involved in the importance of spending, as well as increasing their interest in sources of tax revenue. Merriam said the city has heard from residents who feel there is an "inordinate burden" on homeowners in the state for raising tax ...
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The Alabama House, with a 92-0 vote on Thursday, approved HB118, which exempts the zoo from paying state, county and municipal sales and use taxes associated with capital expenditures. The tax break will be applied to the zoo's new construction on property off Baldwin County 6, which is far ...
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WEB
Sigur Rós charged with, then immediately cleared of, tax evasion
Icelandic whisper-rockers Sigur Rós briefly had millions of dollars in assets frozen this week, over accusations of tax evasion from the Icelandic government. Per The Reykjavik Grapevine—our personal favorite news source when it comes to Icelandic indie rock tax crime news—the band blamed their ...
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Seattle Gun Tax Revenue Falls Again
The Second Amendment Foundation writes [via ammoland.com]: Seattle's "gun violence tax" revenue has once again failed to meet predictions, demonstrating once again that this was really a thinly disguised gun control scheme that was sold to the public as an effort to reduce so-called "gun violence," ...
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In blue states, 'tax the rich'
President Trump's tax reform has put high-tax Democratic states in a quandary: Should they tax more as Uncle Sam taxes less? Or will that push the rich to leave?
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Nevada County Property Tax
Welcome to the Nevada County Tax Collector ePayment Service This site was created to give taxpayers the opportunity to pay their taxes online. The accepted payment method is with a Visa, MasterCard, American Express, Discover credit card, or an eCheck. An eCheck is a method of debiting the funds ...
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Tech Giants Set to Face 3% Tax on Revenue Under Ne...
Revenue taxes on businesses that are effectively monopolies in their markets are... not smart. They will raise prices by exactly the amount of the tax and the only ones suffering are their customers who now pay 3% more for everything. I bet it would even be added as line item to every invoice "EU ...
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A stealth tax, not a health tax
A stealth tax, not a health tax. The cash-strapped South African government needs to bring in more revenue but is reluctant overtly to raise the VAT rate, which would unleash a political storm. Instead, it is planning to raise some R10.5bn – half of what an increase in the VAT rate from 14% to 15% would ...
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Tax Preparation for This Tax Season
With the passing of the new tax act, business owners should carefully prepare for the upcoming tax season. This article discusses steps business owners can take to ensure proper tax filings, and the importance of a financial advisor. To view this article, click the following link to access the original content ...
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WestEd cost study has media pushing huge tax hikes
Preliminary results of the WestEd cost study on school funding have media and some legislators salivating over the prospect of billions more being poured in Kansas schools, without even passing concern over the devastating tax hikes that would be required. Media's read on the WestEd cost study says ...
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Dayton's budget proposal cues up tax fight with GOP
ST. PAUL — Gov. Mark Dayton on Friday proposed repealing several GOP-backed tax breaks that he signed into law last year and sending more money back to Minnesota families, setting up an inevitable clash with the Republican-controlled Legislature as it works to synchronize Minnesota's tax code ...
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