Monday, March 19, 2018

Google Alert - tax

Google
tax
Daily update March 19, 2018
NEWS
In the hopes of paying less in taxes, several surgical centers in Louisiana are considering spinning off their parking garages into separate businesses. Eye doctors in Florida are looking at separating their eyeglasses business from their medical practices. And small and middle-size law firms around the ...
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Minimizing taxes may be the difference between a profitable business and one that is just scraping by. You all are probably thinking, "I don't have extra time do deal with taxes." I heard your concerns and that's why I've come up with 7 tips that will help lower you tax bill and won't take a ton of time.
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For 2018–2025, the Tax Cuts and Jobs Act (TCJA) eliminates write-offs for miscellaneous itemized expenses that were previously subject to the 2%-of-adjusted-gross-income (AGI) deduction threshold. That meant your total miscellaneous expenses had to exceed 2% of AGI or you got no write-off.
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Now a ballot measure whose fate will be decided by voters on May 1st seeks to impose a series of local tax hikes that would push Music City tax rates beyond those of the Big Apple, one of the most heavily taxed jurisdictions in the world. The upcoming voter referendum, which has been referred to as ...
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... proposal is the latest push in a campaign by Brussels to more strongly regulate the titans of the tech industry — particularly dominant players like Amazon and Apple that have drawn scrutiny for their efforts to maximize profits by recording earnings in lower tax jurisdictions like Ireland and Luxembourg.
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Al Capone was busted for tax evasion. Leona Helmsley was, too. But gangsters and entitled millionaires aren't the only ones who hold something back from the tax man. Each year, Americans of all stripes underpay the IRS by hundreds of billions, aided by the fact that the agency lacks the resources to ...
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There is free tax preparation help out there. Many services are targeted at people with low incomes, but you can also find help even if you're in the higher earnings brackets. The Youth Policy Institute offers free tax prep assistance. Community Outreach Specialist Matthew Fontana says his group focuses ...
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At this week's meeting of G20 leaders in Argentina, one of the most discussed topics will be the taxation of digital companies. Indeed, Angel Gurría, the Secretary-General of the Organisation for Economic Cooperation and Development (OECD), will brief the assembled finance ministers on the OECD's ...
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Tesla (TSLA) is a victim of its own success, as buyers of its acclaimed electric cars may soon unhappily discover. The automaker is nearing a milestone level of sales that will result in the loss of a $7,500 federal tax credit aimed at encouraging Americans to buy electric cars. That will raise the cost of ...
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Yet what many crypto-investors are only now learning is that bitcoin and other tokens can be subject to tax. Those who have made transactions in bitcoin or other cryptocurrencies need to take care to comply with tax rules governing their holdings, or else the IRS will be more than willing to clamp down ...
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Ten of Nebraska's 23 natural resources districts have the power to levy the extra tax because the state has declared they're using too much water or are at risk of doing so. Lawmakers approved the tax in 2004 to help the districts comply with new state requirements amid concerns that Nebraska farmers ...
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Most taxpayers only deal with the most basic elements of the tax system, with most of their earnings coming in the form of wages that get taxed at ordinary tax rates. But the tax laws have a huge number of highly specialized tax breaks, some of which are designated for a select few. There's often a good ...
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But the tax code has long defined home-equity indebtedness as any kind of debt except loans taken out to acquire, construct or substantially improve a taxpayer's residence. So if a borrower uses the loan to build a new bathroom, it would qualify for the deduction, but if it's used to consolidate credit card ...
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Though filing taxes is pretty stressful in its own right, there's nothing like the thought of being audited to cause your anxiety levels to skyrocket. Now your chances of being audited are pretty low, as less than 1% of all returns make the list each year. But if you do land among the unfortunate few whose ...
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Like many of these people, I came to Washington State for its dynamic economy, lower taxes, cheaper cost of living, and the chance to make a better life for my family. I was born and raised in California, but over the past decade started to feel trapped—I saw half of my paycheck disappear in taxes, ...
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Even the simple act of classifying the item being sold can be problematic, with thousands of idiosyncratic distinctions and definitions through each state's tax code. In Wisconsin, the Wisconsin flag as well as the U.S. flag is not subject to tax. All other flags are taxable, unless they are bundled with ...
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For example, sock away in a file or shoebox any receipts you receive throughout the year that may be relevant to your taxes. These might include postage receipts from when you sent off a mailing to clients or a receipt for when you made an energy-efficiency improvement in your home. Keep track of any ...
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Q: Ever since the Arab oil embargo of 1973, I have favored raising the gas tax to $2 a gallon. There are many advantages: more funds for road improvements, for effective public transit and fuel-efficient cars plus far lower carbon emissions and dramatically fewer lives lost. I can't believe anyone is ...
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Thanks to an overhaul in 2007, retirees over the age of 60 pay absolutely no income tax on anything they earn from superannuation. It's a policy that has distorted our tax system and left the federal budget bereft of billions. Think about this. A retiree, earning $60,000 a year from a super fund pays no tax ...
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Georgia Democrats are honing their response, too, with claims that the tax plan is a corporate giveaway that benefits the wealthiest Americans and big business while leaving middle-class voters in the lurch. And they got an early boost in last week's special election for a U.S. House seat in Pennsylvania, ...
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NEW YORK (CBSNewYork) — Tax season is underway and every year, the Internal Revenue Service warns about tax refund scams. Dan Goldberg, President and Managing Director of Ikor, stopped by to talk about how you can protect yourself from possible scams. Comments ...
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Finally, in recognition of the disproportionate impact that sales taxes have on low-income residents, they asked the board to "take mitigation actions" to temper that impact. Among those actions, they suggest additional support for tax filing assistance so that more poor residents can take advantage of tax ...
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Digital tech companies operating in the European Union could face a 3 percent tax on gross revenues, a European Commission draft proposal obtained by Bloomberg says. Earlier drafts proposed a levy in the 2 to 6 percent range as EU countries explore new ways to tax giants like Alphabet and ...
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Republicans have discovered their tax law contains a mistake and are hoping Democrats will help them fix it. But if the narrative of "one party passed a giant law and now wants to change it" sounds familiar, Republicans are insisting this is different from when they wouldn't help fix the Democrats' ...
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Which leads to the new government's health care tax, replacing MSP premiums. Broadly, the tax ends MSP payments for individuals and shifts the cost to employers. About 40 per cent of employees, generally unionized or management, often in the public sector, have had their MSP premiums paid by the ...
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HOLYOKE -- The City Council will act on a plan submitted by Mayor Alex B. Morse to balance the budget, nine months into the fiscal year, and set the tax rate, three months late, at 6 pm Tuesday at City Hall. The lateness of the decisions means home and business owners will get unusually large property ...
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WASHINGTON — As President Trump congratulated the Houston Astros for winning the World Series at a White House ceremony this week, he also heaped praise on himself and congressional Republicans for passing a sweeping tax cut last year. He hailed Representative Kevin Brady of Texas, the ...
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WASHINGTON - In the hopes of paying less in taxes, several surgical centers in Louisiana are considering spinning off their parking garages into separate businesses. Eye doctors in Florida are looking at separating their eyeglasses business from their medical practices. And small and middle-size law ...
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Most years, states are the focal point of tax policy innovation while the federal tax code remains unchanged except for its ceaseless accumulation of preferential policies. Late last year, however, Congress flipped the script, reforming the tax code for the first time in 31 years—an action that sparked a flurry ...
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Changes to the tax code allow companies to immediately deduct all of their capital expenditures in equipment and building upgrades from their taxable income, rather than take the deduction over a period of years. The change has industry watchers bracing for a wave of new investments in industrial ...
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With the tax filing deadline quickly approaching, countless Americans will soon be scrambling to deal with their returns -- and that includes those in the military. But if you're a military member, you should know that you might be privy to certain benefits that civilians don't get access to. With that in mind, ...
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Republican members of Louisiana's congressional delegation have welcomed the handful of exemptions Trump's allowed so far — including carve-outs for Canadian and Mexican imports — and are focused on lobbying the White House to narrow the tariffs further instead of provoking a direct ...
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WASHINGTON — A global attempt to prevent large, multinational companies from shifting their profits to lower-tax jurisdictions is setting off a fight between the United States and Europe, as policymakers on both sides of the Atlantic spar over efforts to impose new taxes on foreign firms. On Wednesday ...
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And while it may be hard to argue against giving raises to hard-working employees, there is a much more effective way to increase wages rather than mandating it: Tax cuts. Proponents of raising the minimum wage fail to understand that higher minimum wage mandates bring unintended consequences.
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The fate of carried interest before and after 2017's tax reform drama is emblematic of the process overall: a rush to produce something regardless of whether there was true change, or in some cases, accuracy, experts said. "The new carried interest rule was drafted to give the appearance of closing a ...
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That means there are just five states with no state sales tax: Alaska, Delaware, Montana, New Hampshire and Oregon. But if you're scouting out the best places to retire, don't judge a state on its sales tax alone. Tennessee ranks as one of the more tax-friendly states in the U.S., despite its high sales tax, ...
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According to City Manager Steve Schwabauer, the California Business Round Table is in the process of holding a signature drive to place a proposition on the ballot that would eliminate the ability of California to pass general taxes by simple majority, requiring a 2⁄3 vote instead. It would void all simple ...
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"We're seeing that the majority of the savings from tax reform is going to be put back in growth and innovation, which is great news for the U.S. economy," EY Americas Vice Chair Bill Casey said Monday during an exclusive interview with FOX Business' Maria Bartiromo. Casey says the savings will push ...
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With the tax cuts passed by Congress in December 2017, the nonpartisan Tax Policy Center estimates that 65 percent of households will see higher take-home paychecks and 6 percent will see lower paychecks. As excited as you might be to see larger take-home paychecks, it is critical to check and ...
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"Republicans claim to want less government intervention, but with their new tax law, they picked winners and losers — architects are in, accountants are out; engineers made the cut, doctors did not — leaving business owners wondering whether or not they were blacklisted," the report stated.
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Charlottesville's City Council on Monday night will decide whether it wants to increase the city's lodging tax rate from 7 percent to 8 percent. City staff predicts changing the rate will increase revenue in the next fiscal year by about $730,000. At a budget work session Thursday, following a discussion ...
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CEDAR RAPIDS, Iowa (KCRG-TV9) - A billboard is attacking Iowa congressman Rod Blum's stance on tax reform. Along I-380, drivers may notice a billboard claiming Rod Blum "raised our taxes and enriched himself." Left-leaning Mad Dog PAC says its one of 22 such billboards nationwide attacking ...
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Hawai'i residents pay among the highest taxes in the nation on fuel and cigarettes, according to a Tax Rates by State report released by the online finance website WalletHub. The report compares the cost of the average taxpayer's various obligations in the 50 states and the District of Columbia.
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A U.S. Tax Court judge has ruled that Curt Ankerberg, a Medford certified public accountant running for state Senate District 3, filed fraudulent tax returns for three years — failing to report $111,366 in income while improperly claiming $67,000 in deductions. Ankerberg's "admissions and ...
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Sigur Rós deny any wrongdoing following accusations of tax evasion, mbl.is reports. The Reykjavík Capital Area District Commissioner froze assets valuing almost ISK 800 million (USD 8 million/EUR 6.5 million) belonging to the three band members due to an investigation into their taxes in Iceland.
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San Francisco public schools could receive soda tax revenue next year for healthier meals, dental services and other programs and nonprofits providing services to low-income communities of color would receive about $5 million, under recommendations released Friday afternoon by a city advisory ...
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BOSTON (AP) — A bill under consideration in Massachusetts would places taxes on short-term rentals, including those made available through online platforms such as Airbnb. The legislation calls for a three-tiered state tax on short-term rentals, and gives cities and towns the option of imposing further ...
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ANDERSON – It's either a clear lack of communication or the failure to provide requested information that has placed 30 properties owned by the nonprofit arm of JobSource on the tax sale list. The 30 properties owned by JobSource Inc. or the affiliated Operation Move In LLC will be sold at the April 9 ...
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Of all the challenges employers are facing, talent acquisition and retention are at the top of the list. That's why companies such as Chipotle Mexican Grill and Lowe's, with their emphasis on education and training, and Walmart and State Street Corporation, with their adoption benefits, are enriching perks ...
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Kering told the Reuters news agency that it paid its taxes in Switzerland in accordance with Swiss law and that the French tax authorities were aware of its arrangements. Milan magistrates launched a tax evasion probe into Gucci, Kering's most profitable component, in November 2017. According to ...
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WEB
Sales Tax
Abt is located in Illinois and taxes are collected in these states since our own personnel delivers into them on a regular basis. Our shopping cart automatically calculates the appropriate taxes during the checkout process. Abt is not required to collect sales tax on orders delivered outside of these states.
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Sales Tax Newsletter
WebFile Your Sales Tax Returns. The fastest and easiest way available to file your sales and use tax returns is to file over the. Internet using the Tax Department's WebFile. In order to use WebFile, you must first register by completing the Sales Tax WebFile Application that can be found on the ...
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Drew County Property Tax
Welcome to the Drew 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, or a Discover credit card. ➤ The total amount will be adjusted to allow for the ...
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Taxes
Nominal Tax Rates Per $100. Real Estate. Auto/Trucks. Machinery/Tools. Halifax County .48. 3.60. 1.26. Halifax (Town) .175. 1.68 .50. Scottsburg .13 .14. N/A. Virgilina (Town) .10 .20. N/A. South Boston (Town) .21. 2.00 .31 ...
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St. Francis County Property Tax
Welcome to the St. Francis 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, or Discover credit card ➤ The total amount will be adjusted to allow for the ...
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Treasurer / Tax Collector
Property Details - Treasurer / Tax Collector of Stanislaus County.
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ethtrader
This is your opportunity to realize a tax loss. Switch up your short term trades now so that your realized profits are minimized. What do I...
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IRS Tax Forms and Publications
Take a look at our IRS Tax Forms and Publications page. eTruckerTax is a full Accounting firm located in Atlanta, GA.
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Prepaid Property Taxes Deduction
Are prepaid property taxes deductible? Read on to review what's changed and what's to come due to the many changes sparked by the Tax Cuts and Jobs Act.
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Services
The development of personalised strategies, the planning, implementation and management of all operations required for entering the overseas market are at the heart of what we do.
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AARP Free Income Tax Assistance
For taxpayers with low and middle income, persons with disabilities, with special attention to those 60 years and older. First come, first served. Please bring Social Security cards, your 2016 return, all 2017 tax information including W-2s from employment, 1099s for pensions, social security, interest and ...
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GOP pushes for 'phase two'
Provided by The Hill Republicans are increasingly talking about "phase two" of tax cuts - including a permanent extension of the new law's individual tax cuts - in an effort to highlight their signature legislative accomplishment and force Democrats to take tough votes. While Republicans could struggle to ...
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Williams County Sales and Use Tax Guideline
October 1, 2012. Sales, Use and Gross Receipts Tax. Williams County has a 1/2 percent sales, use and gross receipts tax that became effective October 1, 2006. The Williams. County tax is in addition to state and city sales, use and gross receipts taxes. The Williams County Commissioners voted.
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Lesson From The Tax Court: The Turbo-Tax Defense
Despite the adage "ignorance of the law is no excuse," the Tax Court issued an opinion last week suggesting that sometimes ignorance of the tax law can indeed be an excuse, at least to escape the §6662 accuracy-related penalties. In Karl F. Simonsen and Christina M. Simonsen v. Commissioner, 150 ...
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Goshen's town clerk/tax collector gets pay raise
GOSHEN — Goshen Town Clerk/Tax Collector Cindy Williams got a pay raise Saturday night. The raise, approved by voters at the annual Goshen Town Meeting in the Town Hall, will boost her salary by $4.25 an hour, from $13.75 to $18. Warrant Article 13, submitted by petition, was moved to the front ...
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Tax and the Digital Economy
Abstract. Existing tax concepts seem to be outdated to face the tax challenges caused by digitalization and immaterial business models and transactions. The ATOZ Chair for European and International Taxation at the University of Luxembourg invites renowned tax experts to shed light on the challenges ...
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New Amex Offers from tax prep and beyond
I love my Amex cards, not only for the benefits they give, but for the Amex offers. Check out the latest offers from tax preparation and beyond.
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Free Tax Help
You can prepare and electronically file your tax return with the help from a tax assistant... all for free.
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OP-ED: Tax reform working: Proof is in your paycheck
As folks across Bucks and Montgomery counties opened their paychecks in February, most received a welcome and well-deserved bump in their take-home pay. The new tax law takes landmark action to deliver more jobs, fairer taxes, and bigger paychecks to hardworking families from Tullytown to ...
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The Top Five New Tax Papers
There is quite a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with a new #1 paper and new papers debuting on the list at #4 and #5: [1059 Downloads] Federal Income Tax Treatment of Charitable Contributions Entitling Donor to a State Tax Credit, by Joseph Bankman ...
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Rental Property Tax
Whether you own one rental property or multiple properties, the US tax code has many rules that allow rental property owners to save money and reduce their taxes—we should know, our owner/CPA, Chase Insogna, owns 9 rental properties himself—so we're highly familiar with rental property tax ...
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Guest Relations & Guest Tax
Jean-Pierre Galey Head of Guest Relations & Guest Tax Department info@davos.ch. Tel. +41 (0)81 415 21 21. Patrizia Garcia Deputy Head of Department. Sabine Putzi Guest Tax Department tax@davos.ch. Tel. +41 81 415 21 52. Lucette Vetterli. Claudia Jörger. Gianna Paganini. Heidi Winkelmann.
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As Tax Day Approaches, AG Schneiderman Issues Consumer Alert On Frequent Tax Season Scams
News from Attorney General Eric T. Schneiderman FOR IMMEDIATE RELEASE March 18, 2018 Attorney General's Press Office / 212-416-8060nyag.pressoffice@ag.ny.govTwitter: @AGSchneiderman AS TAX DAY APPROACHES, A.G. SCHNEIDERMAN ISSUES CONSUMER ALERT ON FREQUENT ...
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Transactional Tax Regional Specialist
GE has a career opportunity for a Transactional Tax Regional Specialist in Cairo,
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China begins Environment Protection Tax collection: key takeaways
China's Environment Protection Tax Law (EPT Law) is now in effect, and China will soon be collecting the Environment Protection Tax (EPT). The first collection is expected in April 2018. The EPT Law was passed by the National Congress in December 2016. Based on the EPT Law, the Implementation ...
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Expansion of Tax Basis Limitation Rules
News: Anchin Alert on Expansion of Tax Basis Limitation Rules written by Anchin Partner Clarence Kehoe, Leader, Tax Department.
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LG12CY17
STATE AND COUNTY LOCAL GOVERNMENT FUNDS: Amounts Distributed to Counties and Eligible Municipalities, Calendar Year 2017.
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Tax Center
Take a look at our Tax Center page. Magnum CPA is a full service tax, accounting and business consulting firm located in Northern California, CA.
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Tax Rates
Take a look at our Tax Rates page. Magnum CPA is a full service tax, accounting and business consulting firm located in Northern California, CA.
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