Thursday, March 29, 2018

Google Alert - tax

Google
tax
Daily update March 29, 2018
NEWS
Amazon does collect state sales taxes on products it sells directly in all 45 states that have a state sales tax. But the company still doesn't collect state sales taxes for its "third party" platform sellers in most of the country. Some states have passed laws requiring online marketplaces to collect sales taxes ...
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Prosecutors said Simmons avoided taxes for years by living a cash-only lifestyle, depositing royalty checks in various bank accounts belonging to other people. When he pleaded guilty, Simmons said that those accounts were held by multiple managers, his ex-wife and one of his children's mothers.
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NAVARRO COUNTY, Texas - You are about to get your property appraisal in the mail and one local family says "don't believe everything you read" after a mistake caused them to overpay their taxes for 30 years. They tried to get their money back. While consumer reporter Steve Noviello is On Your Side, ...
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The tax deadline is right around the corner: April 17. For most of us, that means added stress and one more "to-do." But what's it like for the people on the other side — the ones preparing our taxes — during crunch time? I decided to find out, and headed to a Manhattan-based H&R Block last week to ...
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You don't own exchange-traded funds in your taxable account? You're missing out. You do? Then you're benefitting from a nifty loophole. Don't be surprised if it goes away. The loophole has not gone unnoticed among academics, and if their cries for reform are heard by politicians, ETF investors are ...
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Hotly anticipating your tax refund? Before you splurge on that Jacuzzi you've always wanted or pile items into your virtual shopping cart, do yourself a favor: Hit pause, and consider finding a practical use for your money. What's practical, of course, is relative to your circumstance, but mull over these ways ...
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Sweeping tax code changes signed into law by President Donald Trump this year may not change much for this tax season, but 2019 could be a different story. Due to Texas' lack of income tax and other factors, the state is set to benefit the eighth most from the changes. Trump and his supporters say the ...
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"You can do a little bit of math, you can plug your stuff into tax software and get a rough idea of what you owe," says Kohler. Based on the information that you have available, you will pay the IRS what you calculate your total tax liability for 2017 to be. "If you file for an extension and pay 90% of what you ...
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She was making the point that women pay a kind of "pink tax" whenever they are charged more for "feminine" items, or even general services, such as dry cleaning. Four years later, in the midst of Women's History month, the question still looms. Young girl's clothes cost 4% more than boys' clothing.
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In fact, May has been, at best, a part-time flagbearer for sugar intake reduction, having scrapped such a tax as one of her first moves in 2016, a cave-in to heavy industry pressure. That will hopefully change this April, when a tax on sugary products — announced last year by Chancellor Philip Hammond ...
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The latest version of the bill provides $45 million in non-refundable tax credits over 15 years, down from $60 million over 20 years, as originally proposed. The bill would prevent Bath Iron Works from also qualifying for Pine Tree Development Zone benefits, another state tax incentive program.
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WASHINGTON – Immigrants who accept almost any form of welfare or public benefit, even popular tax deductions, could be denied legal U.S. residency under a proposal awaiting approval by the Trump administration, which is seeking to reduce the number of foreigners living in the United States.
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There's some debate about the mechanics, but the theory is that the cash that companies have had sitting idle overseas to avoid paying taxes had become part of the short-term funding infrastructure of global financial markets. Now that the roughly $2 trillion stash is headed back to the U.S., foreign ...
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The Senate voted 36-10 to increase taxes on oil and gas production, cigarettes, fuel and lodging — narrowly receiving the three-fourth's majority needed to pass — and the chamber broke into applause afterward. The House passed the plan Monday. It is designed to generate about $450 million for ...
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If a hailstone were to strike President Trump as he walked to Marine One, polling would immediately show that Democratic approval for the weather had spiked to 75 percent and that Republican support had plummeted. On any subject X where X can be overlaid with partisan politics — a very inclusive ...
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Legislators have been pushing for the tax increases to help stop transportation budget shortfalls for many years, but the gas tax hasn't been increased since 1996. State law prevents increasing the tax by more than 2 cents per gallon without public approval. Past efforts to get such an initiative moving ...
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Vapor products, also known as electronic cigarettes, have become a common sight at gas stations, convenience stores, and stand-alone vapor shops since their market debut in 2007. Their desirability to customers is based on their ability to deliver nicotine without combustion and inhalation of tar.
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A task force that wants to generate $150 million dollars a year to go toward the crisis of homelessness and housing insecurity came up with a proposal to tax businesses based on the number of full-time employees. The plan includes possible thresholds, saying a company with a gross revenue below 5 ...
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Maryland and the District of Columbia followed, at 9.4 percent, the report shows. In California, 8.6 percent of taxpayers will pay more and in New York 8.3 percent will have higher levies. North Dakota has the most winners from the new law, with 75.4 percent receiving a tax cut and less than 4 percent ...
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(Reuters) - India's Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday. A Cognizant spokesman confirmed the report and said in a ...
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"As Trump and the Republicans give a $1.3 trillion tax cut windfall for big business, Seattle's affordable housing and homelessness crisis rages on," her office said on a Facebook page promoting the event endorsed by the council member's Socialist Alternative Party and Seattle's Democratic Socialists of ...
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Today's Grand Old Party is officially committed to ever-lower taxes on the rich, ever-higher spending on the military, and a balanced budget within ten years. It would be virtually impossible to square these three priorities, even if Republicans had the courage of Charles Koch's convictions on entitlement ...
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"This should have been a routine tax enquiry. The problem is they don't have the people with the institutional memory necessary to answer the questions being asked by the tax authorities," one of the sources said. Chicago-based ADM, which buys, stores and ships crops and byproducts, is one of the ...
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WASHINGTON -- Watch out New Jersey: President Donald Trump's tax law will hit you harder than any other state. The Tax Policy Center, a research group, says in a new report that 10.2 percent of New Jersey households will see their federal income taxes go up this year under the Republican tax ...
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"What a way for the state to cut into something that should be the city's revenue to invest locally to generate even more tax across the board," Penner said. "A common misperception is that 'visitors pay this tax, not us.' Wrong. A huge percentage of our business comes from our local businesses paying ...
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U.S. Magistrate Judge Laurel Beeler ordered Facebook on Tuesday to let her review a selection of records it has claimed are protected by attorney-client and tax-practitioner privilege. The IRS said the social network was improperly withholding the documents, "which relate to decisions made by ...
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The latest version of the bill, approved 25-9 in the Senate, would provide $45 million in non-refundable tax credits over 15 years, down from $60 million over 20 years, as originally proposed. The bill would prevent BIW from qualifying for Pine Tree Development Zone benefits, another state tax incentive ...
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ORANGE COUNTY, Fla. - A 43-year-old Orange County tax preparer prepared fraudulent tax returns to secure larger refunds for his clients, the Internal Revenue Service said. Andy Bosch "acquired and maintained his client base by preparing fraudulent tax returns that had high refund amounts for his ...
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OKLAHOMA (KFSM) — The Senate has passed a tax increase bill, which is the first tax increase in the state since 1990, 5NEWS sister station KFOR reports. The House passed HB1010XX Monday evening (March 28). The bill states that oil and gas production tax will increase five percent, cigarette tax ...
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WASHINGTON — During his monthly appearance on WTOP's Ask the Governor program, Virginia Gov. Ralph Northam suggested that proposed changes to the Metro funding bill might include tax hikes that the General Assembly had stripped from the bill. A compromise between the Senate and House ...
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As the Seattle City Council's Finance and Neighborhoods Committee met March 14, an older man in plaid started seizing in his seat. It all unfolded as the City Council listened to public testimony on an employee hours tax, which would fund housing and homeless services. In the midst of public ...
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Operating profits have quadrupled at the Kering-owned label under chief executive Marco Bizzarri and designer Alessandro Michele. But allegations of tax evasion levelled by Italian authorities threaten to blot its carefully cultivated image. Swiss authorities confirmed last week they have opened a ...
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The public announcement carries the identity of the firm or the individual, the name of their directors and partners, the date of incorporation of the company (date of birth in case of individuals), their Permanent Account Number (PAN) or the Tax Deduction Account Number (TAN), their last known address ...
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"For most people that's wrong, and this is where adding tax efficiency to portfolio management adds value." Bonds are an important part of any portfolio, and most advisers would agree that having taxable bonds outside a retirement account is a terrible idea. Interest from bonds and dividends from bond ...
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Emotions ran high inside the Langston Hughes Performing Arts Institute on Tuesday evening as leaders from the Seattle community voiced their support for a tax on the city's largest companies to help provide $150 million annually for affordable housing and homeless services. Seattle councilmember ...
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TRAVERSE CITY — With the tax deadline less than three weeks away, the Northwest Michigan Community Action Agency has free preparation services available. The program is available for low- to moderate-income families and individuals in addition to senior citizens, persons with disabilities and ...
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Maryland, meanwhile, just got down to brass tacks: On Monday, the state senate approved $5.6 billion in income, property, and sales tax credits and exemptions for Amazon, hoping the financial enticement will be enough to bring the company to Montgomery County. I've argued previously that Amazon's ...
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People understandably fear tax audits, but audits actually aren't that common: Of all the tax returns filed in 2015, the IRS examined just 0.7% the following fiscal year. Nonetheless, we've all had "what-are-the-odds" experiences in life. So if you're worrying about an audit, here are a few things that tend to ...
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An increase in Connecticut's sales tax on restaurant food could result in lost jobs, according to a study published by Yankee Institute for Public Policy, a Hartford-based think tank. The study, "Taking a Bite out of Jobs: The Economic Effects of a Sales Tax Increase on Restaurant Meals," found that a 1 ...
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Amazon.com (AMZN) stock plunged below a key measure Wednesday, following a report that President Trump is "obsessed" with the e-commerce leader and has talked about targeting its tax treatment. X. Error loading player: No playable sources found. Trump has wondered aloud if there may be any ...
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With several senators missing from the chamber and little debate, the Missouri Senate took the unexpected move of advancing a tax package expected to cut individual and corporate tax rates while increasing gas taxes for use on roads and infrastructure projects. Senators unceremoniously "perfected" ...
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is urging colleagues to talk to their constituents during the recess about how the GOP tax law could lead to Medicare cuts. It's the latest effort by Pelosi and Democrats to demonize the tax-cut bill, which they argue will starve the government of funds and result in cuts to Medicare and other entitlements.
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May 20, 2011--Morning commuters travel in both west and east bound lanes of Interstate 70 Friday morning just west of Highway 370. According to census reports people are moving further from the city and now the county, with some job opportunities following the movement. Dawn Majors ...
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Capital gains tax breaks could inject trillions into the nation's struggling low-income rural and urban communities, thanks to new "Opportunity Zones" tax provisions. Between unrealized capital gains from both U.S. households and corporations, about $6 trillion in potential investment funding has been ...
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Mike "The Situation" Sorrentino is sharing his sticky tax situation on MTV's upcoming "Jersey Shore" reboot. "Everything's documented, you know," Sorrentino said on Jenny McCarthy's SiriusXM show when asked if his troubles are shown on the series. "Everything is 100 percent real. You guys see ...
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Budget negotiators in Albany have nixed most of the $1 billion in new taxes and fees proposed by Gov. Andrew Cuomo as part of a plan to deal with the state's budget deficit. Only Cuomo's proposal to impose a new tax on prescription opioids -- raising $127 million a year -- had gained approval among ...
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Significant tax reform and some form of pension reform are still in play as top lawmakers continue to negotiate a final deal on the 2018-20 state budget. Sen. Chris McDaniel, the Taylor Mill Republican who chairs the Senate budget committee, described negotiations as "a three-legged stool" with the legs ...
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It's tax time again and an opportunity for cybercriminals to take advantage of unknowing consumers and businesses. While many of us are aware of this con impacting consumers, the simple truth is that this scam (and the underlying social engineering beneath it) is a huge danger to businesses and ...
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A tax on those revenues "would raise substantially more in the UK than the present £50m tax bill on its UK profits", says Ahmed. Google came under attack in 2016, after agreeing a £130m settlement with then chancellor George Osborne. The search giant was accused of striking a "sweetheart deal" ...
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Under the tax code adjustment, Arlington County said it would lose an estimated $1.43 million a year. The Arlington County Board has sent a letter asking Gov. Ralph S. Northam to veto the measure. "These are golf courses for private interests, and to insist that we treat them the same way we might treat ...
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WEB
Maine Sales Tax Rates
While the base rate applies statewide, it's only a starting point for calculating sales tax in Maine. For an accurate tax rate for each jurisdiction, add other applicable local rates on top of the base rate. Download the Maine tax rate table. Need fast access to the current sales tax rates in Maine? Get them ...
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DMX Sentenced To One Year In Prison For Tax Fraud!
DMX was sentenced Wednesday to a year in prison for evading $1.7 million in taxes. The sentence in Manhattan federal court came after the judge agreed to listen to the track "Slippin'," one of DMX's biggest hits, which defense attorneys said showed a man who knew what it was to come back after ...
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Tax Filing Specialist
TaxJar's remote-only team of more than 30 people is growing fast. We're currently looking for a hungry, highly-experienced, highly-detail-oriented Tax Filing specialist who is fanatical about helping SMB and Enterprise businesses succeed. We founded TaxJar to help eCommerce owners spend less ...
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Council Tax
Council Tax - tell us if you are moving in/out. If you are moving into or out of a property within Three Rivers you can report this on-line to us. You will need to have your. name; address; postcode; Three Rivers council tax reference number (if moving out); an email address. Use this link to report a change ...
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RMS Tax Discovery
Received an RMS Tax Discovery Letter?The City of Los Angeles values the many contributions of entrepreneurs and business owners. If you have received an RMS Tax Discovery letter, it is because we received information affiliate sources that you may be engaged in business activities within the City ...
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Treasure Valley Tax
Treasure Valley Tax focuses on developing relationships locally with individual and small to mid-sized businesses. We have a team consisting of CPAs, QuickBooks ProAdvisors and vast amount of experience. We are ready to serve your tax accounting and small business needs. Our staff is composed ...
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Delete sales tax rates and agencies
Currently, there is no way to delete a tax rate or a tax agency in QuickBooks Online. If you no longer need or use them, you can deactiva...
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BREAKING NEWS: Ontario budget adds dental and drug coverage, hikes income tax for 1.8 million ...
The provincial Liberals are loading their election budget with pricey health and childcare promises in a bid to entice voters to return them to the government benches in June. The spending plan unveiled Wednesday pledges dental and prescription drug coverage for Ontarians without an extended health ...
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Catholic Social Teaching and tax justice
In a letter written in 1789, Benjamin Franklin observed that the new American constitution seemed destined for permanency but also noted that "in this world nothing can be said to be certain, except death and taxes." Taxation, in one form or another, has been a feature of civilized life for 5,000 years or ...
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2018's States Most Affected by Tax Reform
President Donald Trump signed sweeping tax code changes into law in 2017, leaving Republicans excited and Democrats less than thrilled. Trump and his supporters see the new code as a win for both businesses and individuals. It lowers the corporate income tax from 35 to 21 percent, and is ...
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Fare, taxes and fees
Enable JavaScript. Please enable JavaScript to fully experience this site. How to enable JavaScript. Fare, taxes and fees. Close window. Your session is about to expire. Your session is about to expire. Any searches or unfinished transactions will be lost. Do you want to continue your session? Continue ...
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Council Tax and benefits
Understanding your council tax. About your bill · Who has to pay the bill · If you don't pay · Council tax fraud · Appeal your council tax bill · Tax band and charges · Check your council tax balance ...
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Schrotenboer Tax & Accounting
LAST YEAR'S TAX RETURN. W-2'S FROM ALL EMPLOYERS. INTEREST & DIVIDEND INCOME. MORTGAGE INTEREST STATEMENT. PROPERTY TAXES. -These might be listed on your Mortgage statement if paid through an escrow account. CLOSING PAPERS IF YOU BOUGHT OR SOLD A HOUSE.
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Minimizing Tax on Social Security Benefits
Minimizing Tax on Social Security Benefits. Article Highlights: Income as a Factor; Filing Status as a Factor; Benefits Taxable up to 85%; Base Amounts; Deferring Income; Maximizing IRA Distributions. How much (if any) of your Social Security benefits are taxable depends on a number of issues.
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Business Tax Extensions
Required Prepayment - 90% or More of Estimated Tax. In order to benefit from the 45 day extension, taxpayers must pay an estimate of the total tax due by the last day of the renewal deadline (February 28th). If the payment made is 90% or more of the actual tax due, no penalties will apply.
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Sales Tax Newsletter
Dickinson. The city of Dickinson currently has a 1.5 percent city sales, use and gross receipts tax with a maximum tax amount of $25 per sale. The tax rate for Dickinson starting July 1, 2017 will remain at 1.5 percent, but the maximum tax amount (Refund Cap) will be $100 per sale. No other changes ...
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Burbank & Wilde
Burbank & Wilde will take care of your tax, accounting and bookkeeping so you can get back to what you do best.
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History's Biggest Tax Cheats
There's an old saying that the only two things you can't avoid are death and taxes, but whoever said that clearly hasn't been to the Grand Caymans. The reality is that, throughout history, people have...
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DMX Given a One Year Sentence for Tax Fraud
DMX was sentenced to one year in prison for tax evasion on Wednesday, March 28. The New York rapper pled guilty to dodging $1.7 million in taxes, a...
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Watch Out For These New Tax Scams in 2018
With tax season underway, attackers are heavily leveraging schemes around the IRS and taxes in order to acquire your hard-earned money. By leveraging anxiety over time-sensitivity, and the threat of the government repercussions, you may experience lack of discernment. Don't get caught in a scam ...
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4 things that could make you a target for a tax audit
People understandably fear tax audits, but audits actually aren't that common: Of all the tax returns filed in 2015, the IRS examined just 0.7% the following fiscal year.
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2018 Tax Assistance
The AARP Foundation Tax-Aide is the nation's largest free, volunteer-run tax assistance and preparation service. AARP tax assistance is for lower and middle income taxpayers, with special attention to those 60 years of age and older. First-come, first served. Late arrivals may have to wait until the next ...
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Rapper DMX sentenced to a year behind bars for tax fraud
Rapper DMX was sentenced in Federal Court Wednesday for tax fraud.
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2018 Personal Tax Guide
EisnerAmper's 2018 tax guide can assist you with tax planning to ensure you fully understand changes from the Tax Cuts and Jobs Act of 2017. These tax cuts affect 2018 tax rates, capital gains taxes, itemized deductions, and other important changes to your 2018 tax return.
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Find The Right Law School For A Tax Law Career
"You don't have to have an accounting degree to become a tax attorney, and in my opinion, you don't even have to have a head for numbers," says Wayne Wilson, practice chair of the tax, benefits and wealth planning group at Dinsmore & Shohl LLP, a corporate law firm with offices in multiple U.S. cities.
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Tax Manager
The current need is for a Tax Manager to join their team in Chicago, IL. The tax manager will be involved in both compliance and consulting on large projects. Tax consulting involves working in conjunction with audit and tax partners to perform tax research and work with clients on tax matters as well as ...
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Council tax levels set by local authorities
This release has been compiled by the Ministry of Housing, Communities and Local Government. (MHCLG) and presents National Statistics on council tax levels set by local authorities in England and associated information for the financial year 2018-19.This information is derived from the council tax ...
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Tax
Regardless of where your business operates, we offer our clients expert tax advice.
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Videocast: State Tax Implications of Federal Tax Reform
The state and local tax (SALT) implications of federal tax reform are numerous, yet still often unclear. With states releasing new law and guidance about federal tax reform, taxpayers must stay abreast of this very dynamic area of law. In this videocast, Todd Lard and Todd Betor discuss the gating question ...
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The Effect of The TCJA Individual Income Tax Provisions Across Income Groups and Across the ...
The Tax Cut and Jobs Act (TCJA) will reduce individual income taxes on average for all income groups and in all states. Unlike prior Tax Policy Center reports, this analysis focuses on the distribution of the individual income tax changes, and does not include changes in the corporate income tax, excise ...
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Taxation of Foreign Branches after Tax Reform
The US tax treatment of a foreign branch owned by a domestic corporation remains fundamentally the same following the 2017 tax reform legislation. However, the.
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