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| Here's what not to do if you can't pay your tax bill If owe taxes, you might not be in a rush to file by next Tuesday, April 17. You don't want to be late and be subject to a penalty, but why give the government the money any day sooner than it's due, right? But what if your waiting until the last minute is merely a statement of the obvious. You don't have the ...
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| Taxes From A To Z (2018): Y Is For Yo-Yo Market It's my annual "Taxes from A to Z" series! If you're wondering whether you can claim home office expenses or whether to deduct a capital loss, you won't want to miss a single letter. Y is for Yo-Yo Market. A yo-yo market is a term used to describe the stock market when it's being volatile. You know the drill: ...
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| Top Trump Officials Reach Truce in Fight Over Tax Law's Implementation WASHINGTON — The Treasury Department has relinquished some of its authority over implementation of the Trump tax cuts, with Treasury Secretary Steven Mnuchin ceding final oversight of new regulations to the White House Office of Management and Budget, which is headed by Mick Mulvaney.
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| What Not To Do As Tax Day Approaches Tax Day is just around the corner. This year, the filing season officially wraps for individual taxpayers on April 17, 2018. That leaves a few days for taxpayers who haven't yet filed to get those returns out. The last-minute scramble can make even the most level-headed among us a little crazy. Don't give in.
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| Tax Dollars for Napping Dear Government: Enclosed please find my 2017 tax form, and a check for the amount I owe, just ahead of the deadline. Can't wait to see what you're going to do with my contribution, though I have some idea based on the $1.3 trillion spending bill passed last month. I realize I'm in the stubborn and ...
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| Thinking about getting an advance on your tax refund? Here's what you should know That's one reason getting your refund in advance — known as an advance, a refund anticipation loan, or a tax-refund advance loan — can be tempting. In fact, tax companies issued some 1.7 million of them in 2017, according to a report from the National Consumer Law Center, a nonprofit based in ...
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| Retailers hope for certainty as Supreme Court hears tax case NEW YORK — Retailers are hoping for a resolution this year from the Supreme Court, which hears arguments Tuesday in a decades-old dispute: Whether companies must collect sales tax on items sold in a state where they don't have a store or other building. If the court backs government officials who ...
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| Tax and spending legislation disarms us against next recession When Congress enacted tax legislation in December 2017, commentators debated whether the tax bill was fair or good for economic growth. When Congress struck a budget deal in February 2018, members of Congress congratulated themselves on avoiding a government shutdown.
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| Tax reform could curb wining and dining of clients For Wall Street banks, treating clients to the 45-day dry-aged bone-in rib eye at Delmonico's in Manhattan may now cost the full $65, thanks to President Donald Trump's tax law. The overhaul delivered a windfall to corporate America by slashing the tax rate to 21 percent. But one of the law's provisions ...
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| Pre-April 17 Tax Pointers: The Quirks and Questions NEW YORK CITY—At an April CREW New York luncheon "Tax Reform & Real Estate: Demystified," tax pros provided highlights of what the new tax laws mean for individuals and businesses. This year, because April 15 falls on the weekend, and April 16 is Emancipation Day, federal and state individual ...
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| Tax cut savings flow to company stockholders, trickle to hourly workers After U.S. corporations got a big tax cut in December, a flurry of announcements touting bonuses and pay raises for hourly employees raised hopes that the cash windfall would keep flowing down to American workers. But the sharing of wealth hasn't been as generous as hoped. The early payouts, such ... President Donald J. Trump's Tax Cuts Are Energizing American Employers Of All Sizes - Whitehouse.gov (press release)
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Bitcoin makes a comeback now that tax season is nearly over: Venture capitalist "People realized way more tax gains in 2017 than they expected to," says venture capitalist Spencer Bogart, and were forced to sell in the early part of 2018 to cover taxes. Bitcoin peaked above $8,000 on Thursday. Bogart says the coin could easily reach December highs of $19,500 or higher during the ...
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| Modeling the Impact of President Trump's Proposed Tariffs Similarly, higher consumer prices due to tariffs would reduce the after-tax value of both labor and capital income. Because these higher prices would reduce the return to labor and capital, they would incentivize Americans to work and invest less, leading to lower output. Alternatively, the U.S. dollar may ...
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| Tax Preparation Software Vs. Hiring An Accountant Many people use outside help to file their taxes, and are faced with the choice of using a tax-preparation software or paying a CPA to do them. The Onion presents a side-by-side comparison of using software vs. hiring a professional.
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| Dallas ISD will try to get 13-cent tax rate hike past board for third time Dallas ISD will take yet another shot at getting a 13-cent tax increase before voters. Whether they can convince enough members of the board to do so, well, only time will tell. On Thursday, during a budget workshop for the board's trustees, DISD administrators -- including superintendent Michael ...
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| What's Behind Bitcoin's Recent Price Jump? It May Be Tax Day As ever, the causes of the cryptocurrency's fortunes are less than clear, but some experts reckon it might have something to do with the approach of April 17, the deadline for filing taxes in the U.S. Others think it's a function of geopolitical fears and sanctions. The tax day theory goes like this: people ...
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| IRS head sees huge task ahead to administer new tax law WASHINGTON (AP) — The acting head of the IRS says the current tax-filing season has gone well, while acknowledging the tough challenge the cash-strapped agency faces of administering the new tax law that will affect 2019 returns. Acting IRS Commissioner David Kautter told Congress Thursday ...
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| JPMorgan Reports Record Earnings, Boosted by Tax Law JPMorgan paid an effective income-tax rate of 18.3% in the first quarter, compared with 48.7% in the fourth quarter of 2017 and 22.7% in last year's first quarter. Many commercial and corporate clients, while also likely helped by the tax law, don't seem to be overly eager to expand just yet. Ms. Lake said ...
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| Stormy Daniels's Silence Isn't Tax-Free Something unpleasant lurked inside the $130,000 that Donald Trump's lawyer Michael Cohen paid to Stormy Daniels in 2016: a tax bill. Daniels—whose real name is Stephanie Clifford—would have been obligated to pay as much as $51,480 of that hush money to the IRS. That's assuming she filed ...
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| Taxes Are Hard—So Is Pronouncing New Tax Law Acronyms Like FDII WASHINGTON—Fiddy isn't just a rapper's name anymore. In 2018, it's a tax break. Technically, it is a deduction in the new tax law, for Foreign-Derived Intangible Income, available to U.S. exporters. FDII, as it's abbreviated, could cause a trans-Atlantic spat over whether it violates international trade rules ...
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| Farmingdale tax adviser admits scamming millions TRENTON - For 10 years a Farmingdale tax adviser used his clients' investments to gamble, buy cars and furniture and otherwise enrich himself, even after his September 2017 arrest, prosecutors announced Wednesday. Now, after pleading guilty to several financial crimes, he may be facing decades ...
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| Sen. Bob Corker says the GOP tax law may be one of his 'worst votes' if new report is correct Sen. Bob Corker (R-Tenn.) is expressing alarm about new projections of the Republican tax law's effect on the national deficit, saying that if they prove true, he may have made a mistake supporting the bill. The latest estimates from the Congressional Budget Office are similar to other estimates that were ...
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| Does Taxing Soda Actually Stop People from Drinking It? A new study suggests that people may drink significantly less soda when it costs more. The findings support a public health strategy—the so-called "soda tax," or a sugary drink tax that raises the price of sugar-sweetened beverages—that has grown more popular in recent years. In the study, researchers ...
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| Millennials will be bigger savers and bigger investors of tax cut windfall Millennials are more inclined to save their tax cut windfall than older members of Generation X, and they are also more inclined to invest it, according to a new Bank of America Merrill Lynch survey. Twenty-two percent of participants in the new monthly survey aimed at Main Street said they would be ...
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Bitcoin surges 10% in an hour ahead of tax day Ryan Taylor, CEO of Dash Core, which provides software used by Dash traders, said that investors are jumping back into the cryptocurrency market at the end of a tax-related sell-off. He said they've been unloading bitcoin and other cryptocurrencies in recent weeks to pay their looming tax bills. But with ...
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| Tax reform could boost London's housing market For years, London's property market has been a tale of rising prices and ever-increasing demand. But enthusiasm for housing in the UK capital appears to have plateaued. Similarly to the rest of the country, the combination of economic uncertainties and tax changes has resulted in a steady drop in ...
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| Professors advise students on income tax filing as Tax Day approaches Additionally, the Voluntary Income Tax Assistance program offers free tax help to people who make less than $54,000 a year and individuals with a disability or limited English-speaking abilities, according to the IRS website. The service is offered by IRS-certified volunteers, who provide free basic ...
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| HASI: Renewable Energy Tax Credits Renewable energy sponsors earn tax credits when they build certain projects. Two of the more well-known credits are the solar Investment Tax Credit (ITC) and the wind Production Tax Credit (PTC). The credits can be used to offset taxable income and help finance the project. However, not all sponsors ...
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| House GOP pushes back plans to vote on making individual tax cuts permanent Republicans are pushing back plans to vote on a bill to make permanent the temporary provisions in the new tax law, CNBC has learned. Rep. Rodney Davis, R-Ill., who introduced legislation to extend individual tax cuts, said he had hoped for a vote around tax day next week. Republicans are worried ...
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| These are the states where people have to pay the most in taxes — and here's where they pay the ... GoBankingRates looked at 2016 Census Bureau American Community Survey, which gives median household income levels, the real-estate website Zillow for median home value and property tax information, the American Petroleum Institute's average gas consumption figures, the Tax Foundation's ...
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| When your 2018 property tax notice arrives this month, don't give in without a protest Time once again to deal with the rigged, ridiculous, unfair, idiotic, defective, faulty and broken state property tax system. Tell us how you really feel, Watchdog. ... The goal was to persuade homeowners upset about their property taxes to dive headfirst into the protest pool. Don't roll over. Learn the system.
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| Event announcement: Heritage panel on sales-tax case On April 16 at 12 p.m., the Heritage Foundation will host a panel discussion about a case asking whether states can require out-of-state retailers to collect sales tax when their residents make a purchase online. The Supreme Court will hear oral argument in the case, South Dakota v. Wayfair Inc., the next ...
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If You File Taxes Using TurboTax, You Could Be Seriously Overpaying If you've been using TurboTax to file your tax returns, you may be paying more than you need to. Tax Day is April 17, so if you haven't done your taxes and don't plan to file for an extension (which only takes a few minutes), now is the time to figure out if you qualify to file for free. The IRS website lists ...
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| Two Portland marijuana business owners accused of tax crimes Matthew Price, 32, was charged with four counts of willfully failing to file income tax returns. Wheeler, a certified public accountant who with others operated Milwaukie-based tax firm Bridge City Advisors LLC, is accused of defrauding clients and investors of more than $4.4 million while evading paying ...
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| House Republicans are voting to make deficits unconstitutional after their $1.5 trillion tax cut Republicans were unfazed by the deficit impact of their $1.5 trillion tax cut when they passed it. Now they are trying to make deficits unconstitutional. The House is scheduled to vote on a balanced budget amendment Thursday. Though several states require their legislatures to pass a balanced budget ...
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| Wyoming House revenue chair and tax guru Mike Madden announces retirement "Didn't always agree with all the taxes he pursued, but I appreciated his willingness to put all the options on the table," Novotny said. In recent years, Madden pursued tax increases that he felt were logical and overdue. For example, in 2016 he sponsored a tobacco tax increase meant to bring the current ...
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| Man who cites opposition to abortion for not paying taxes wins Round 1 in court A federal judge has dismissed a felony tax evasion charge against a man who describes himself as a Christian who refuses to give money to the government to support abortion. U.S. District Judge Michael W. Mosman ruled that the government's indictment failed to provide any evidence that Michael ...
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| Hardee's, hot dogs and Hooters: The best Tax Day food freebies Whether you're stressed from filing your taxes at the eleventh hour or bummed that you had to dip into your vacation fund to pay the IRS, here's something to cheer you up: plenty of restaurants across the country are offering free food to help ease the pain. From a breakfast sandwich to get you moving in ...
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| Trump Tax Plan: 80 Percent of Economic Gains Will End Up Going to Foreigners, CBO Says President Donald Trump touted the economic growth triggered by his tax cuts in a speech Thursday afternoon, pointing out the projected growth of gross domestic product (GDP) over the next 10 years had increased because of the plan. But 80 percent of the economic growth generated by the ...
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| You know those tax check-off donations? Your contributions can go unused ALBANY -- New Yorkers can select from 16 different charitable causes to donate to when they file their income taxes each year. And New Yorkers are generous: $59 million was donated to the various causes since the funds started be created in 1982, ranging from helping to fight breast cancer to aiding ...
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| After Soda Tax, Philadelphians 40 Percent Less Likely to Guzzle Sugar Just two months after a tax of $0.015 per ounce of soda, energy drinks, and other sugary beverages went into effect in the City of Brotherly Love, Philadelphians were already reaching for the sweet stuff significantly less often than their counterparts in nearby cities. A study published today in the ...
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| Paul Ryan's impact: Big tax bill but no entitlement reforms Ryan has said for years that serving as chairman of the tax-writing committee was always his dream job. He held that post when Boehner retired and he was propelled into the top leadership post. Ryan said Wednesday that the tax bill was "something that I've been working on in my entire adult life." ...
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| Tax law changes raise the price for college football and basketball fans. There is some suggestion within the industry, though, that a loophole may keep public universities exempt from the excise tax. That's being studied. BYU's coaching salaries are undisclosed. Based on comparisons to other athletic departments, the private school likely would have to pay the tax on the ...
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| House Republicans propose $1.3 billion tax cut as negotiations continue "It's important for us to have families across this state see the benefit of putting tax dollars back in their pockets." When fully implemented in 2020, the plan would reduce individual income taxes by about $298 million annually and raise sales taxes by about $106 million annually. The plan does not make ...
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| Use Tax Notice and Reporting Requirements Colorado adopted a Use Tax in 1937, which requires individuals and businesses to pay use tax on tangible personal property purchased from out-of-state vendors if the item is used, stored, or consumed in Colorado. Consumer use tax must be paid by individuals and businesses for tangible personal ...
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| Trump talks tax cuts with deadline looming How can tax payers still cash in? Business analyst Dan Geltrude explains on 'Fox & Friends First.'
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| Publication explains how to calculate (deemed repatriation) April 12, 2018. IRS has released Publication 5292 (How to Calculate Section 965 Amounts and Elections Available to Taxpayers).Code Sec. 965, which was amended by the Tax Cuts and Job Act (TCJA, P.L. 115-97, 12/22/2017), requires certain foreign corporations to increase their subpart F income ...
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| Check your emails for Walmart Sales Tax settlement $15 egidt card Walmart Sales Tax Settlement has sent you an eGift Card for Walmart mail from help@walmartcorp.com "Hello Valued Customer, Walmart Sales Tax Settlement sent you a $15.00 U ...
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| Ogden, Utah Tax Preparation Offices 1959 Wall Ave Ogden, UT 84401 File your taxes at Jackson Hewitt, the 2nd largest tax preparation service with nearly 6000 tax offices nationwide, including Ogden, UT.
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| Pay Personal Property Taxes Online Link Your Personal Property Accounts to your User ID. In order to link your accounts to your User ID, you will need the Property ID number for each vehicle and the primary owner's Social Security Number. The Property ID number can be found on your tax bill. If you do not have the Property ID number, ...
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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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| Data vs. Tax Cut and Budget Balance Mythologies In the current discourse, there seems to be some amnesia with respect to when tax cuts occurred, why they occurred, and how they affected Federal budget deficits. Here is some data (read comments to this post). Figure 1: Federal budget balance as share of GDP (blue), cyclically adjusted budget ...
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| Speaker Ryan Praises Farm Bill, Tax Reform at Weekly Press Conference "Lastly, not that anyone needs reminding: We are just five days away from Tax Day. This year, when you submit your tax returns, you are saying goodbye to that old tax code for good. In its place, you will have a new tax code with lower rates, a nearly doubled standard deduction, and an expanded child ...
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| Verge partnership comes at the right time: bullish market after tax season People have predicted a bullish market after tax season ends. It starts now. Most of coins are up with high volumes. Bitcoin $8.5 billion, Tether...
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| 4 Last Minute Tax Tips Tax day is quickly approaching …….in 7 days to be exact! If you have not filed your taxes, you may be scrambling to get documents collected before the April 17th deadline. KerberRose Certified Public accountants has created a list of 4 Last Minute Tax Tips that can help get you on track for the individual ...
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| Are Your Pet Expenses Tax-Deductible? The Internal Revenue Service will grant tax deductions for dogs and other pets who provide work or income for their owners.
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| About the 2018 Tax Compliance Summit Dates: June 5, 2018 | 8:00 AM - 4:30 PM June 6, 2018 | 8:00 AM - 4:30 PM Location: Kerr Scott Building NC State Fairgrounds Raleigh, NC 27607 Objective: This conference will provide participants with up-to-date information pertaining to a variety of taxation issues – both general taxation and taxation ...
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| Norquist Urges Mnuchin to End Inflation Tax The next step should be Treasury delivering a significant tax cut by using its regulatory authority to add an inflation adjustment to the calculation of capital gains taxes. Treasury's authority to enact this tax cut has been analyzed by lawyers Charles J. Cooper, Michael A. Carvin and Vincent Colatriano in a ...
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| 20 Tax Day Freebies and Deals Stressed out about April 17? Good thing there are tons of Tax Day freebies and deals to help you celebrate once you finish wrestling with that 1040!
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| CRD To Ask Province to Opt Out of Speculation Tax Victoria, BC– The Capital Regional District (CRD) Board has approved a motion to call upon the Province of British Columbia to allow municipalities in the capital region to opt out of the new housing speculation tax. The motion was brought forward by CRD Director Denise Blackwell on behalf of ...
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| State aid and tax rulings: Clarifying the European Commission's approach State aid is considered illegal under EU law. However, more clarity over the main characteristics of tax measures that can constitute state aid is needed when we look at the way the European Commission is dealing with specific cases.
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| R&D Tax Credit Studies Not just figuratively – in creating a competitive advantage – but also literally, thanks to Research & Development (R&D) tax credits. Frequently overlooked or misunderstood, R&D tax credits provide a substantial tax-savings opportunity for the development and improvement activities you're likely already ...
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| Estate and Trust Tax Services Sound estate planning requires a diverse range of expertise – much of which you'll find right here at RKL. From tax and accounting issues to succession planning and business valuation, we'll assemble the necessary team and integrate seamlessly with your wealth management and legal advisors to ...
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| Tax Services Amidst the shifts in today's tax landscape, you simply can't afford to go along with the status quo. You need a tax team to help reduce your tax burden and maximize your profitability with proactive ideas and insights. That's what you'll find at RKL. RKL's tax professionals keep a constant pulse on industry ...
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| International Tax RKL's Tax Services Group includes a contingent of professionals dedicated to serving the international tax planning and compliance needs of companies throughout the region. Whether it's a local business expanding operations overseas or a stateside subsidiary of a foreign parent company, RKL has ...
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| Why would a previous year's tax deductions affect the current year's taxes? For the first time in several years, I'm preparing the income tax filing for my family. Since a professional did the preparations last year, we had no electronics records to directly load into the software we bought for the preparations. Thus, I've entered some values by hand. During the software's "interview", ...
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| Republicans retreat on vote to make tax cuts permanent after disastrous CBO estimate Republicans are pushing back plans to vote on a bill to make permanent the temporary provisions in the new tax law, CNBC has learned. Rep. Rodney Davis, R-Ill., who introduced legislation to extend individual tax cuts, said he had hoped for a vote around tax day next week. Now the timeline is ...
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| Five essential truths about our state tax code We're hearing a lot of conversations these days about a topic previously off the table at most social gatherings: our state's tax code. As an organization that advocates for the important role that taxpayers' investments play in the well-being of our state, we welcome the interest in this topic of conversation.
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