Wednesday, March 7, 2018

Google Alert - tax

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Daily update March 7, 2018
NEWS
Under the name Students for Carbon Dividends, the coalition is backing an idea first broached by Republican heavyweights including former Secretary of State James A. Baker III and former Secretary of State George P. Shultz: Tax the carbon pollution produced by burning fossil fuels and then return the ...
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Procrastinators, rejoice: You still have time to cut your 2017 tax bill. We're officially in the middle of tax season. Filers have until April 17 to submit their returns and pay Uncle Sam. The IRS predicts that it will receive more than 155 million returns this year. More than 7 out of 10 taxpayers are expected to ...
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Since Gerald Ford, every president has released their tax returns. Except for our current president, that is. Maryland is the latest state attempting to make the release of tax returns not simply a gesture of transparency by a presidential candidate, but a requirement to run for the job. The Maryland Senate ...
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While many financial professionals agree that the implications of the new tax laws aren't fully clear or understood yet, there are still a few important things business owners can do now to prepare themselves. We asked six members of Forbes Finance Council to share their advice for the business ...
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You might also be subject to another kind of double taxation, though -- taxation of your Social Security benefits. Social Security benefits paid to you are not necessarily taxable, but they can be subject to federal tax if they exceed a certain level. On top of that, a bunch of states tax that income, too. Here's a ...
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As the White House struggles to finance an ambitious infrastructure plan, Senate Democrats are proposing one alternative — albeit one unlikely to pass muster with President Trump: rolling back the recently passed Republican tax overhaul. The proposal to be unveiled by Democratic leaders ...
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DAYTON, Ohio — At Slyder's Tavern, Matt Kazee, a machinist, drank a couple of beers as he waited for burgers to take home for dinner. His tab was about equal to the increase in his take-home pay after President Trump's tax cut found its way into the nation's paychecks. "I have seen a little uptick in my ...
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Legislators in Illinois are weighing a proposal to allow residents in the state to pay their taxes in cryptocurrency. With the move, Illinois joins a growing list of U.S. states that are considering such measures, and the bill - filed in February and previously unreported - marks the third effort of its kind to emerge ...
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China is poised to reduce taxes on businesses and individuals by more than 800 billion RMB ($126 billion) in 2018, which will provide heavy stimulus to its slowing economy. Tax rates on manufacturing and transportation will be a priority in receiving tax cuts, as are small businesses. Administrative fees ...
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It follows disclosures by major Saudi banks in recent weeks that the government's General Authority of Zakat and Tax (GAZT) is asking them for additional payments of zakat - the name of the tax - for years going back as far as 2002. In some cases, the demands exceed half of a bank's annual net profit.
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Cities should be allowed to vote on their own if they want to increase the local sales tax, Gaer said. West Des Moines is one of four cities that straddle both Polk and Dallas counties. Dallas County voters in November approved a 1-cent increase, which gives Clive, Grimes, Urbandale and West Des ...
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Tanya Plibersek has suggested Labor should repeal the "tampon tax", the application of the goods and services tax to menstrual products. At the National Press Club before International Women's Day, the deputy Labor leader called for governments to take account of the gendered impact of their ...
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Des Moines and nine of its immediate neighbors voted 12,004 to 11,778 against the tax, according unofficial results from the Polk County Auditor's Office. Those cities include Altoona, Bondurant, Clive, Grimes, Johnston, Pleasant Hill, Urbandale, West Des Moines and Windsor Heights. Des Moines was ...
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The Albuquerque City Council voted to raise the city's gross receipts tax rate by three-eighths of a percentage point to address a $40 million deficit in the city's ... The three-eighths of a cent gross receipts tax hike, which the Council approved Monday, is estimated to generate more than $50 million.
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It was a tight four-way battle Tuesday night in the Republican race to become Tarrant County's next top tax official. Former Mansfield Councilwoman Wendy Burgess had a slight lead, with 31 percent of the vote, with former TV anchorman Mike Snyder close behind with 25 percent of the vote, after early ...
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You have until April 17 to make a tax-deductible contribution to a traditional IRA and have it count for 2017. The most you can contribute for the year is $5,500 ($6,500 if you're over 50). How much of your contribution will be deductible depends on your income and whether you have a retirement plan at ...
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Democrats who control the state Legislature are fighting Democratic Gov. Phil Murphy on his campaign promises to sign a millionaires' tax into law and establish recreational marijuana in the state. The back and forth has set the stage for a Murphy-Legislature battle after the new governor unveils his ...
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Some Marylanders would see their state taxes go up while many others would see a decrease under tax legislation proposed by a state Senate committee. By unanimous vote, the panel decided to scrap Gov. Larry Hogan's approach to adjusting Maryland tax law in the wake of the federal tax changes ...
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Meanwhile, the EU Commission has proposed a temporary EU-wide tax on digital companies with revenues above 750 mln euros ($922 mln) worldwide and with EU digital revenues of at least 10 mln euros a year. Excluded from the tax is revenue from electronically supplied media, streaming, online ...
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Now that tax season has arrived, you're likely digging through receipts and tax forms to pull together your 2017 returns — and your 2018 taxes may be the furthest thing from your mind. But it's not too early to think ahead, thanks to big changes in the new federal tax bill. Signed into law in December, the ...
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Mr. Cagle declared he would kill state tax breaks for the airline, and the Republican State Legislature followed through by removing about $40 million in tax incentives from Delta. The Amazon offer was an effort to attract business, while the Delta punishment will probably have the opposite effect. But they ...
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And this year, some of the tax benefits of owning that valuable real estate will evaporate. The new federal tax code is expected to strip the typical San Jose homeowner of $5,400 in deductions this year, the highest of any metro area in the country, according to a new report by Apartment List. The typical ...
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To see how tax efficient index funds can be we can compare the Vanguard 500 Index Fund (VFIAX) to the American Fund Growth Fund of America (AGTHX). All return numbers in this article are ten year returns through the end of February and are estimates from Morningstar. Post tax returns are ...
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A property tax is a potential game-changer for a real estate industry sometimes called too big to fail for the Chinese and world economies. As President Xi Jinping rolls out measures to try to stabilize the housing market, including a push for rental homes, Standard Chartered Plc has called a levy the ...
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The elimination last week by the state of Georgia of a $50 million sales tax exemption for Delta Air Lines, because of the carrier's removal of a flying discount for members of the National Rifle Association, raises a number of serious concerns ("Delta CEO: 'Our values are not for sale,' " March 3). One of ...
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Shares of design software titan Autodesk (ADSK) are up $13.01, almost 11%, at $132.88, in late trading, after the company this afternoon reported fiscal Q4 revenue and profit that beat analysts' expectations, though it forecast this quarter's results, and the full year, below consensus, although the outlook ...
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Multinational companies have made such extensive use of Ireland to funnel royalties — a common way to shift profits and avoid tax — that these payments averaged 23 per cent of the country's annual gross domestic product between 2010 and 2015, according to a European Commission report seen by ...
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Joe Biden is working on helping Democrats win over working-class voters in Trump country. The former vice president campaigns for Democrat Conor Lamb and says he will protect labor unions, Social Security and Medicare. Biden is just one of several national figures and groups getting involved in the ...
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POLK COUNTY, Iowa -- Tuesday, Polk County residents will vote on a local options sales and services tax that if passed will increase retail taxes from 6 percent to 7 percent. If passed, each city council will decide how they will spend their revenue. Each ballot will show the percentage the city will use for ...
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In a move to prevent an increase in property tax bills for now, Naperville City Council members Tuesday approved increasing Naperville's home rule sales tax from 0.5 percent to 0.75 percent. The increase bumps up the total retail sales tax for general merchandise purchased in Naperville from 7.5 ...
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Only 46 percent of corporate tax professionals consider diversity and inclusion to be important, according to a new survey. The survey of more than 400 tax and accounting professionals by Bloomberg Tax surveyed people who work at both accounting firms and corporate tax and accounting departments ...
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WASHINGTON — The average Fairfax County homeowner would experience a $268 real estate tax increase annually under the proposed fiscal year 2019 budget advertised on Tuesday. When the board of supervisors votes on the budget in May, the real estate tax rate cannot exceed the advertised ...
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After weeks of discussion and fine-tuning, members of the Taxation Committee voted 8-2 in support of a bill that BIW officials said will help the company compete for Navy contracts. The controversial proposal will allow BIW to receive up to $3.5 million in tax credits – with the total not to exceed $60 million ...
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A proposal to ensure digital services, such as content streaming and Web-based software, avoid paying sales tax is moving through the Capitol. Proponents argue it is a simple clarification, but opponents say it creates a large and expanding hole in state revenues that pay for schools and other ...
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Ireland's tax receipts came in marginally below target last month as the state collected less than anticipated in corporation tax and VAT. The exchequer returns for February, released by the Department of Finance yesterday, showed that Ireland collected 0.5 per cent, or €43 million, less in taxes last ...
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After hearing a pitch by developer David Cushman and his CP Branson team, an 11-member commission representing Taney County's taxing authorities passed a resolution to recommend that a proposed $446 million water park and resort, Branson Adventures, receive tax-increment financing, or TIF, ...
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"It is one of my top priorities, making sure we implement the tax plan, which impacts literally everything at the IRS, from customer service, to forms, to technology. That's what is so important that we get the additional funding for it," Mnuchin said, adding that he now meets daily with a combined team of ...
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Seventy-three percent of Denver voters polled in a new survey would support bumping up sales taxes to fund affordable housing initiatives in the city, said a group that is looking at ways to implement such a plan. Tallying the opinions of 404 people likely to vote in the 2018 election, the survey asked ...
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Be careful out there. That's the word from the Internal Revenue Service (IRS) as the tax agency reminds taxpayers about continuing aggressive phone scams. Those phone scams are "a major threat to taxpayers" and as such, continued to hold down a top spot on the IRS "Dirty Dozen" list of tax scams for ...
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On Monday, the council directed staff to gather information and begin public outreach before bringing the idea back for a final vote. To make the November ballot, the City council would have to approve the measure no later than July 23. The proposal would raise the city's sales tax from 9.5 percent to ...
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Amazon will soon begin collecting state sales tax on all shipments to Pennsylvania. The new policy, which responds to a law passed by the state Legislature in 2017, is intended to level the playing field for physical and internet stores, according to CNBC. Amazon recently announced the policy to ...
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Springfield City Council members unanimously voted down a 4 percent tax on natural gas, which would have raised about $1.2 million to pay for pensions and equipment, at Tuesday's city council meeting. The vote was 9-0. Ward 3 Ald. Doris Turner was not present. Mayor Jim Langfelder proposed the ...
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Under the new tax law, sports teams that trade players are seen as effectively trading those players' contracts, which are regarded as assets for tax purposes. That means teams would have to pay taxes every time they traded players and could not use the old rules under Section 1031 of the tax code for ...
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The battle over states' power to collect sales taxes on internet sales will be front and center at the Supreme Court next month. The court is scheduled to hear oral arguments in April about whether states can require out-of-state online retailers to collect their sales taxes. The Trump administration, several ...
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House Financial Services Committee Chairman Jeb Hensarling warned President Donald Trump on Tuesday against pressing forward with a broad package of tariffs on foreign aluminum and steel, cautioning that such a move could undo the economic benefits of the tax cut package he signed late last ...
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BRUSSELS (Reuters) - European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned removals from the EU list drew criticism from an anti-corruption watchdog on ...
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GREEN BAY - Days after a defeat in its first attempt to stop Brown County's sales tax, a group representing a local taxpayers' organization shows no signs of backing down. In a new legal filing, the Wisconsin Institute for Law and Liberty claims that members of the Brown County Taxpayers Association ...
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European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned removals from the EU list drew criticism from an anti-corruption watchdog on Tuesday. The decision is also ...
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The conservative former mayor of Temecula has introduced what he calls the SMART Act (SB 1353), which would eliminate all California state income tax for individuals making less than $100,000 yearly and for couples with incomes below $200,000. That describes 89% of California and around 95% of ...
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"It's not just about lower taxes for working families; it's about bigger paychecks that come from businesses investing those tax savings in American jobs and American workers," he said. "Our tax cuts for businesses have given unprecedented opportunities for employers to reward employees. In fact, we ...
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WEB
Now, Illinois is Looking at Tax Payments in Bitcoin
Illinois has joined a growing number of US states looking to pave the way to allow cryptocurrencies as payment for taxes. House Bill 5335, aka the Revenue Cryptocurrency Bill, is being sponsored by Rep. Michael Zalewski, a Democrat.
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Democrats Pitch Bill Creating 50 Percent Tax On Gun, Ammo Sales
The proposal, led by anti-gun Democrats, wants to not just keep people from buying guns, it also seeks to punish those who already own them.
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Maryland Senate passes bill requiring presidential candidates to release their tax returns
And will these requirements vary depending on which political party is in power?" On the other hand: Most Republicans derided SB 149 as little more than an attempt to embarrass Trump. They pointed out Brown failed to release copies of his tax returns during campaigns for governor in 2010 and 2014.
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Canada's 2018 tax season
Spring weather may still be about two months off for most Canadians, but tax season is upon us. It's the time of year when you tell the government what you made last year, how much of it you paid in tax, and hope that you'll get a little something back. Tax season can be stressful, and not only for those ...
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Lines from Tax Transcript
Please review the table below that contains the lines from the tax transcript matched to the ISIR field required for verification. Printable versions are below, including archived years. 2015 Tax Forms ...
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H&R Block Announces Strong Start to the Tax Season and Fiscal 2018 Third Quarter Results
KANSAS CITY, Mo. , March 06, 2018 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) today released U.S. tax return volume through February 28 and its financial results for the fiscal 2018 third quarter ended January 31, 2018. The company normally reports a fiscal third quarter loss due to the ...
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Annual council tax notices
You should receive your annual council tax notice during March. You can pay your bill by Direct Debit, online, by telephone or in person.
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Local Income Tax
Due Dates: Estimated quarterly payments are due by: April 30, July 31, October 31, & January 31. W2's and year end withholding reconciliations are due by: February 28th. Calendar Year Annual Net Profits Individual Tax Returns: April 15th ...
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Tax Forms
Tax Forms and Informational Pages. Forms for: filing tax returns (individual & business), questionnaires for setting up accounts with the Tax Department, rental listings, employer withholding tax and contract labor reports.
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Democrats would reverse some tax cuts to fund infrastructure
For Senate Democrats, voting against the Republican tax cuts that President Donald Trump signed into law wasn't opposition enough.
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Requesting a Certificate of Good Standing and/or Tax Compliance or Waiver of Corporate Tax Lien
Administrative Corporations and other organizations often need proof that they are in good tax standing with the Commonwealth, i.e., that all tax liabilities have been met. As authorized under G.L. c. 62C, §§ 51, 52, G.L. c. 138, § 64 and G.L. c. 156D, §15.32, the Collections Bureau with the Operations ...
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Taxes in Le vaud
Evaluate at a glance tax rate in Le vaud and real estate as well as rental prices with the comparis.ch commune and tax comparison.
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Tax-Free Getaway
Take a break during tax season, and relax with a tax-free getaway this spring.
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HMRC warns offshore tax dodgers
Time is running out for anyone with offshore assets before tougher penalties kick in, as HM Revenue and Customs ( HMRC ) publishes proposals to allow more time to investigate when someone hasn't declared the right amount of tax. The new, tougher penalties take effect from 1 October 2018 and ...
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Our new podcast channel – Tax inVoice launches
Our new podcast channel – Tax inVoice launches. Staying up to date with the latest news and updates will now be even easier with the launch of our new podcast channel Tax inVoice. Each episode of Tax inVoice will feature industry experts talking with our senior leaders. Listening to our podcasts will ...
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Polk County residents vote no to sales tax
DES MOINES - Polk County residents voted no to a one percent sales tax increase on Tuesday.
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2018 Tasmanian State Convention
Key Events · Barossa Convention · Death... and Taxes Symposium · Financial Services Taxation Conference · National GST Intensive · National Convention chevron_right · National Infrastructure Conference · National Resources Tax Conference · National Superannuation Conference chevron_right ...
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Is sales tax due when veterinarians bathe animals?
Medical services provided by a licensed veterinarian are not subject to sales tax. When a licensed veterinarian provides animal bathing for medical purposes, no sales tax applies. When bathing is provided for a medical reason it is considered part of the veterinarian's medical service. However, if a ...
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What is the sales tax treatment of the bathing of animals?
The total sales price charged for bathing an animal is subject to sales tax. Pet grooming services are not subject to Tennessee sales...
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Maryland Bill Requires Candidates to Release Tax Returns
The Maryland Senate "passed a bill to require president and vice presidential candidates to release their tax returns if they wish to appear on the state's ballots," the Baltimore Sun reports. "The move, a direct assault on President Trump, drew harsh criticism from Republicans and some Democrats.".
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Five Things You Should Know About the Proposed Carbon Tax Initiative
Last Friday, the day after legislators declared their carbon tax proposal "dead," left-wing environmental activists filed their carbon tax initiative which will begin collecting signatures to be placed on the ballot this November. Here are five things you should know about the proposed initiative. 1) It will ...
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Tax Time Guide: Use IRS.gov to Find Qualified Tax Professionals
WASHINGTON — With more than half of the nation relying on tax practitioners, the Internal Revenue Service today reminded taxpayers that IRS.gov offers useful information and tips in finding a qualified tax professional. This is the third in a series of nine IRS news releases called the Tax Time Guide, ...
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Tax Systems in European Union Countries
The tax-to-GDP ratio rose steadily in most EU countries up to the late 1990s, largely reflecting a sustained expansion of public sector commitments to welfare p.
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Speaker Ryan Talks Tax Reform Results at Leadership Presser
Summary: Today, Speaker Ryan discussed the economic benefits materializing in the U.S. thanks to the new tax law. Opening Statement: "We had some really great news last week, spurred on by the new tax reform law. For starters, new data revealed that consumer confidence hit a 17-year high last ...
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How the GOP Tax Scam Leaves Iowa Working Families Behind
"We're always happy to see middle class and working families get a break, but for Vice President Pence and Governor Reynolds to sell this tax scam as anything other than a massive giveaway for their donors is disingenuous – at best," said Iowa Democratic Party Chair Troy Price. "This bill is a cheap, ...
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H&R Block Tax Pro Go
What if you could get professional help filing your taxes without ever leaving the comfort of your own home? With H&R Block Tax Pro Go you'll get personalized features that help you complete your taxes without ever stepping into an office!
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'shocking tax avoidance' scheme revealed
Sir Bradley Wiggins is facing fresh controversy after claims he invested in a tax avoidance scheme that used a charity as a front and which has since been closed down.
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The estate, gift and GST tax exemption for 2018 is $11.18 million
Ever since the TCJA became law, individuals and their planners have had assumed that the estate, gift and GST tax exemption for 2018 would be approximately $11.2 million. The approximation was necessary because the IRS had not yet announced the exact number, which was being computed on ...
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Amending Tax Returns
To adjust information reported on a prior return, a taxpayer must file an amended return with the Department of Revenue (DOR).1 An amended return must be filed to increase previously reported tax; to decrease previously reported tax; to report an increase to tax resulting from a federal or state change; ...
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The income tax treatment of housing assets: an assessment of proposed reform arrangements
Both are progressive in nature, reducing tax savings from negative gearing as tax assessable income increases. Citation: Duncan, A.S., Hodgson, H., Minas, J., Ong-Viforj, R. and Seymour, R. (2018) The income tax treatment of housing assets: an assessment of proposed reform arrangements, AHURI ...
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Guyana Stores ordered to pay over $3B in outstanding corporation tax
The Guyana Stores Limited (GSL) has lost its appeal in a matter involving the payment of corporation tax to the Guyana Revenue Authority, which it had taken before the Caribbean Court of Justice (CCJ) to determine whether a two percent minimum corporation tax was unconstitutional and amounted to ...
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Berlusconi's flat tax fallacy
"A flat tax is for a flat earth": This was my answer to Grzegorz Kolodko, Poland's Minister of Finance and First Deputy Premier for the Economy (1994-97 and 2002-03), when in the mid-1990s he asked me – his adviser sponsored by the European Commission – for an opinion on the feasibility and ...
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Tax authorities raid Gupta family properties in India
JOHANNESBURG, March 6 (ANA) - Indian tax inspectors on Tuesday raided properties owned by the Gupta family on suspicion they were bringing money into their native country, an official said. The Times of India quoted Amrendra Kumar, a senior income tax official in India's Uttar Pradesh state, ...
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