Friday, April 27, 2018

Google Alert - tax

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tax
Daily update April 27, 2018
NEWS
In past years, all of the expenses that went into sprucing up my space - from paint to new furniture - would have been deductible as home office expenses on Schedule A of my income tax return. That's because home office expenses were, until recently, deductible as a miscellaneous itemized deduction ...
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Other types of paperwork you'll want to keep indefinitely include Form 8606, which proves you already paid taxes on nondeductible IRA contributions; Form 5498, for IRA contributions; and any documents related to the amortization, purchase or sale of a house (or other type of property), like insurance ...
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The Senate Finance Committee this week held a hearing on the initial impacts of the Tax Cuts and Jobs Act of 2017. Helpfully, Congress' non-partisan Joint Committee on Taxation provided some tables to show the effects the new tax reform law will have on the tax landscape. In particular, JCT's analysis ...
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Trump argued that his $1.5tn tax cuts would boost US GDP to above 3% – ending years of lackluster growth in the wake of the last recession. His goal was derailed in the first three months as consumers trimmed spending. Household outlays increased at 1.1% in the first quarter, down from 4% in the last ...
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Most cities fortunate to have a thriving technology sector are proud of the distinction. Seattle, by contrast, often seems ashamed of the tech agglomeration within its borders—eager to drive those jobs away, even. That perplexing stance has come to the forefront now, as the City Council considers a tax on ...
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But it's important to understand why Arizona teachers aren't just happy with a raise, and why their demands include restoring education funding to where it was a decade ago and a promise from the state lawmakers not to implement more tax cuts. The state has some of the most poorly funded public ...
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Today, I presented to Arkansas's Tax Reform and Relief Task Force on reforms to the state's individual and corporate income tax structure. Arkansas's individual tax code is unique. The state uses a progressive income tax structure, like most states, but the rate schedules also vary by income.
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If Democrats wanted to press their case that Republicans' tax law was a massive giveaway to the wealthy, Connecticut would be a good place to start. In a state that's already home to some of the country's richest people, the law cut taxes for the state's richest 1 percent of residents by an average of ...
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They also have approvals to build a health club and self-storage facility at the site and for a 25-year tax relief deal for the commercial elements. Now the self-storage facility is in doubt, and if it is not built, an attorney for the developers said in a letter to the IDA, they would not achieve the financial benefits ...
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COLUMBUS - Mary Taylor didn't donate to charity last year. Joe Schiavoni didn't give much either. Most of Mike DeWine's income comes from his family fortune. Some of the candidates for Ohio governor released their tax returns this week to reporters. Here's what we learned. 1. Mary Taylor wasn't ...
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The December 2017 passage of the "Tax Cuts and Jobs Act" was thrilling to a great many people, among them Donald Trump, corporate America, and the uber-rich, whom the legislation was structured to disproportionately benefit. But in truth, the day belonged to one man: CrossFit devotee and Eddie ...
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It's not often that a tax reform package posts such impressive support, but in Missouri, Senate Bill 674 sailed out of the upper chamber on a bipartisan vote of 28-4. The bill lowers the corporate income tax rate to a highly competitive 3.5 percent—that would be the second-lowest corporate income tax rate ...
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Elements of business and labor came together Thursday in support of a bill that would incentivize construction projects in the state. House Bill 5864, dubbed the Illinois Blue Collar Jobs Act, would give tax incentives to companies that make significant capital improvements in Illinois. The tax credit would ...
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Most immediately, the next chair will face the politically charged decision of whether to raise the federal gas tax — and the price Californians pay the pump — to keep the nation's highway maintenance fund from sinking into the red. And for the first time in more than 20 years, a Californian is poised to ...
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Now that your taxes have been properly filed, the most stressful time of the year begins: That 21-day period before you get your tax refund. In honor of tax day, The Drive spoke with racecar driver and Hollywood stuntman, Andrew Comrie-Picard, to see what he had to say on how to use your refund.
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BERLIN — David Zwirner, whose namesake art gallery is one of the world's largest, said he was prepared to pay more for space rental at art fairs if the extra money could help smaller galleries take part as well. Speaking at the New York Times Art Leaders Network in Berlin, Mr. Zwirner got verbal support ...
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As he runs for a third term, Mayor Rahm Emanuel continues to blame the city's ongoing financial problems on the situation he inherited and declined in an upcoming radio interview to rule out another property tax hike if re-elected. In an interview with WLS-AM's Bill Cameron that will air at 7 p.m. Sunday ...
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Apple CEO Tim Cook and President Trump had a closed-door meeting at the White House on Wednesday. They discussed building factories in the United States, China, and tax reform, National Economic Council director Larry Kudlow said on Thursday. Apple hasn't commented on the meeting. At the ...
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The Fulton County Board of Assessors revealed preliminary figures for 2018 property tax assessments on Thursday, and simply put, the value of property in the county has gone up, a lot. The estimated median county-wide increase for property values in 2018 is 28 percent, meaning about half of the ...
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800,000 people will leave New York and California over the next three years due to the new tax bill, conservative economists Arthur Laffer and Stephen Moore said in an op-ed in the Wall Street Journal. Other economists dispute this finding, say there is no connection between taxes and migration.
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The 2016 bill — which is now law — gives businessman Gene Bicknell a new day in court to fight a years-long dispute with the revenue department over a $42 million tax bill. The decision by the agency to argue the law is unconstitutional comes as Gov. Jeff Colyer and lawmakers have preached the ...
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It has been dubbed Britain's most hated tax — yet it is one that is rarely much of a burden to the well-advised wealthy. The UK's complex inheritance tax (IHT) system has long been a political lightning rod, but this has not deterred chancellor Phillip Hammond from ordering a comprehensive review of ...
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Michael Shvo, the luxury broker turned developer, has settled his ongoing art sales criminal tax case for roughly $3.5 million, including penalties, The Post has learned. "We are pleased that this tax matter, arising from Mr. Shvo's work in the art world, has been resolved," his attorney Benjamin Brafman ...
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Everyone knows Texas is business friendly. Well, it's also events friendly. The 2018 NFL Draft is putting a spotlight on how a pool of sales tax revenue is used to land and stage big events that attract tourists to Texas cities. The state has three funds to assist communities — one aimed at auto racing, ...
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In early 2016, the Turnbull government settled on a series of company tax cuts as their preferred policy to reinvigorate business investment and the economy. Our modelling shows that a cut to the company tax rate for large businesses will indeed lift foreign investment in Australia, driving an economic ...
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The outcome of the new tax is being watched closely as cities around the world struggle with the rise of so-called ghost homes: scarcely used residences in prime urban locations seen by investors as a safe way to park their cash. Vancouver and some London boroughs were among the earliest to ...
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She said it's got support among some Republicans who voted against January's legalization bill because it didn't establish a means to tax and regulate ... "[I]f we had a tax-and-regulate system for marijuana, then we could address prevention and treatment in ways that we know that we need," she said.
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A Louisiana man has been sentenced to 18 months in prison after going to great lengths to attempt to obtain President Donald Trump's tax returns. Jordan Hamlett, 32, pleaded guilty to using the Internal Revenue Service's Data Retrieval Tool — a digital service that transfers tax return information into ...
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Apple CEO Tim Cook was in Washington, D.C., on Wednesday, in a meeting the president said would cover trade, presumably including dealings with China. But the first topic on the agenda was tax cuts, according to Larry Kudlow, director of the National Economic Council. "He loves the tax cut and tax ...
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Coody said his vote several weeks ago against lifting a tax incentive for oil and gas was justified by the jobs and economic activity generated by that industry. He and others said the wind industry has produced little in the way of economic benefit for the state, and Rep. Mark McBride, R-Moore, called the ...
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The last time Mayor Toni Harp proposed an increase to the Elm City's tax rate was in 2014, during her first year as mayor. Now, four years and no subsequent tax increases later, Harp is proposing another property tax hike — this time, by 11 percent. And New Haven residents aren't happy. Harp took ...
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(Bloomberg)—The sturdy, reliable REIT is facing an existential choice. Should it abandon its tax-free structure to meet pressing capital needs, using the new U.S. tax law as a stepping stone? Or hang on to a status that gives it access to its very own set of investors? In a letter to investors published this ...
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The proposal to eliminate the reduced grocery sales tax rate would become effective July 1, 2019, and the proposals to create a refundable income tax credit or a refundable earned income tax credit would become effective for tax years starting Jan. 1, 2019, according to summaries of these proposals ...
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Samsom criticized a House proposal to restructure the way education is funded by raising some money from income taxes in addition to the property taxes that already fund K-12 education. He said that simply "shrouds the problem" and does nothing to control school spending. That legislation, H.911, ...
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Companies in the business of growing human organs would be exempt from paying two New Hampshire taxes for the next ten years under a bill passed on Thursday by the New Hampshire House. Supporters of the bill argue that tax breaks will help kick start a nascent industry and ensure that New ...
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Harvey won't be getting its hands on more than $1.4 million in tax revenues withheld by the state over pension funding failures any time soon, it appears. On Thursday, the Illinois Supreme Court ordered that an earlier appellate court ruling in Harvey's favor be vacated and sent the case back to the circuit ...
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Co-author Professor Susan Jebb, from the University of Oxford, said: "It's impossible to study the direct effects of a tax on snack food on consumer behaviour until such policies are introduced, but these estimates show the likely impact of changes in the price. "These snacks are high in sugar but often ...
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When I returned home I transferred my money into my Irish account. I went back to work again in Ireland and didn't inform Revenue about working abroad. I was never taxed on my Saudi income or savings. I'm planning to buy a house now with my partner and I don't want Revenue to come asking for tax ...
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A day before Republican activists file signatures for a ballot initiative to repeal an increase in the state gas tax and vehicle fees, California officials on Thursday announced that $2.4 billion of the money will be spent on dozens of transit projects, including work they say will prepare Southern California to ...
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The more valuable the land and the buildings on it, the higher the tax assessment. Vista Development, which lists BBL chief financial officer Steve Obermayer as its agent in documents filed with the town, sought to reduce the town's assessment on its parcels by two-thirds or three-fourths in many cases.
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House Speaker Philip Gunn has floated a 'tax swap' to pay for more road and bridge maintenance. It would cut income taxes and raise fuel taxes by an equal amount, shifting money to road work. Lt. Gov. Tate Reeves said he opposes a fuel tax increase, even in a swap. Geoff Pender.
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Small-business owners are changing their business plans in response to the sweeping federal tax cuts, according to a new survey from Bank of America. Many small businesses report they would use their savings to boost investment, hire more workers, and give employees raises. The survey shows 63 ...
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Kansas has some financial breathing room less than a year after legislators reversed past income tax cuts to deal with persistent budget woes that followed what many voters saw as a failed fiscal experiment. Now some Republicans want to go back to slashing taxes. The state Senate's GOP leaders are ...
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If you're in the group of Americans that's getting a tax refund, award-winning financial advisor Suze Orman has some ideas on how you can put it to good use. Naturally, "once the money hits your bank account," it's tempting to spend on wants, not needs, the former CNBC host and best-selling author ...
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Entrepreneurs should get free training and tax breaks to boost cybersecurity in their firms, the Senate Small Business Committee heard Wednesday. But an attitude adjustment by small business owners is needed as well, the panel was told. "Cybersecurity hasn't risen to the level of a matter critical for ...
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Like his tax problems. Even as Ronaldo was firing in his quarterfinal goals against Juve, a court in Madrid was questioning numerous witnesses. The Provincial Prosecutor's Office is accusing him of having evaded 14.8 million euros in taxes with the help of a complex tangle of companies - "knowingly ...
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The Tax Cuts and Job Act that went into effect on Jan. 1 will help many people pocket more of their income thanks to its higher standard deductions and more generous tax brackets. But because it eliminates many itemized deductions, it makes things more complicated for others. Here are five ways to ...
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If you're an accountant, like me, then you're probably familiar with the federal research and development tax credit. The concept isn't tough to understand: The federal government wants to reward companies that are doing innovative things that employ people. The calculation? That's a little more ...
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The government's budgetary fortunes have at last changed. Even since the mid-year economic and fiscal outlook in December, a recovering world economy and record job creation have poured billions more into federal coffers, with company tax receipts now $3 billion higher than expected then.
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Arizona Democratic leaders oppose a sales tax hike to provide new revenues for teacher pay raises, despite supporting sales tax increases in previous years. At 8.33 percent, Arizona already has one of the highest combined state, county and municipal sales tax rates in the country, wrote House Minority ...
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WEB
GoFundMe Donations and Income Taxes
so we recommend that you maintain adequate records of donations received and consult a tax professional to be sure. GoFundMe will not report your donations as income at the end of the year, or issue any tax documents. Because everyone's situation is different and tax rules can change from time to ...
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Status of Tax Refund
View Refund/ Demand Status. To view Refund/ Demand Status, please follow the below steps: Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha. Go to My Account and click on "Refund/Demand Status". Below details would be displayed. Assessment ...
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Important Vote Today On Tax Bill
The chair of the House Tax Committee argues that's a small price to pay compared to the tax hikes and confusion that Minnesotans will face if the legislature doesn't act now, Pat Kessler reports (1:50). WCCO Mid-Morning - April 26, 2018.
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W&M Tax Conference
The William & Mary Tax Conference offers lawyers and accountants an in-depth look at current topics in tax law. Please plan to join us for our 64th conference. SAVE THE DATES. November 7-9, 2018. Kingsmill Resort, Williamsburg, Virginia. Admissions Blog · Alumni Employers Current Students ...
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Tax-free allowance
Information about tax-free allowances on food, alcohol and tobacco between Norway, Sweden and Denmark.
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Withholding Tax Registration and Filing
Withholding Tax Registration and Filing. Register new business or file reports and pay Withholding Taxes. Go to Withholding Tax Registration and Filing. 6. Department of Finance & Administration. https://atap.arkansas.gov/. All State Agencies · Arkansas Code · Elected Officials · Transparency Data ...
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Texas Tax Code
Texas Tax Code - TAX TAX Section 151.102. Read the code on FindLaw.
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Arizona teacher walkout: How three decades of tax cuts suffocated public schools
But it's important to understand why Arizona teachers aren't just happy with a raise, and why their demands include restoring education funding to where it was a decade ago and a promise from the state lawmakers not to implement more tax cuts. The state has some of the most poorly funded public ...
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Unemployment Insurance (UI) Tax Employer Registration
Unemployment Insurance (UI) Tax Employer Registration. Apply for new employer account number for Unemployment Insurance tax filing. Go to Unemployment Insurance (UI) Tax Employer Registration. 991. Department of Workforce Services. https://www.workforce.arkansas.gov/Tax21/.
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Renewable energy subsidies have declined as tax credits, other policies diminish
Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY ...
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Happy Tax Announces Franchise Opportunity Update
MIAMI BEACH—March 28, 2016—Happy Tax, the only franchisor offering a concierge, on-demand model in the tax preparation industry with CPA prepared tax returns, is pleased to announce new and exciting changes to its franchise opportunities. The fee for its franchises — which are typically ...
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Tax grab scandal
We might not like paying taxes but handing over our fair share is part of life.
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California GOP Hopes Gas Tax Repeal Will Juice Turnout
Los Angeles Times: "Republicans are on the verge of turning in at least 830,000 signatures for an initiative to repeal the gas tax increase. Even before they know for sure it will appear on the November ballot, the party's candidates up and down the state already are acting to direct voter anger over higher ...
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Conservative Groups Oppose A Carbon Tax
Americans for Tax Reform today led a coalition of 22 groups in support of a House Concurrent Resolution opposing a carbon tax. The resolution was introduced today by Majority Whip Steve Scalise (R-La.) and Congressman David McKinley (R-W.V.). As the group notes, a carbon tax would lead to lower ...
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Wine and Grape Production Tax Credit Program
The Missouri Department of Economic Development helps vineyards and wine producers buy needed equipment and materials through its Wine and Grape Production Tax Credit program.
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Sales Tax & VAT Rates
Tax Type, Jurisdiction, Tax Rate. United States (US). Sales Tax, Texas2, TX, 8.25%. European Union (EU). VAT, Austria, AT, 20%. VAT, Belgium, BE, 21%. VAT, Bulgaria, BG, 20%. VAT, Cyprus, CY, 19%. VAT, Czech Republic, CZ, 21%. VAT, Germany, DE, 19%. VAT, Denmark, DK, 25%. VAT, Estonia ...
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AGI
Taxes Site - If the Internal Revenue Service changed my Adjusted Gross Income (AGI) and/or exemptions on my federal return, am I required to file an amended Michigan return?
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Corporate Tax
Find and apply for Corporate Tax jobs on irishjobs.ie.
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On the Equity-Friendly Property Tax: Time for Developing Countries to Invest?
Developing countries have made considerable progress in raising taxes in recent years. Between 2002-2014, average tax ratios rose by 2.8 percent of GDP in sub-Saharan Africa, and by 3.6 percent in the Western Hemisphere and emerging and developing Asia (see Figure 1). The IMF has long argued ...
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Tax Director
Hundreds of positions at cliftonlarsonallen,, andersen tax and ipg photonics including RN, Controller, Accountant related to tax director.
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Comprehensive Tax Reform in Argentina
The 2017 Argentine tax reform introduced an option for the "revaluation of assets regime for tax purposes" or RARTP. Under RARTP, the new tax value of assets will be determined by applying a "revaluation factor," as established in the Law, to the tax value originally determined in each year or period of ...
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NAFCU continues Hill meetings on CU tax exemption
For the second consecutive day, NAFCU lobbyists met with key offices to help set the record straight on issues related to the credit union tax exemption. As part of this effort, NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt and other senior staff have met with both ...
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emergency preparation supplies sales tax holiday
You can purchase certain emergency preparation supplies tax free during the 2018 Emergency Preparation Supplies Sales Tax Holiday. There is no limit on the number of qualifying items you can purchase, and you do not need to issue an exemption certificate to claim the exemption. This year's holiday ...
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Tax Alerts
Announcements · Newsletters · Tax News · Tax Alerts · Publications and Articles · Canadian & US Taxation Articles · Estate Planning Articles · General Accounting Articles · NPO Articles · Public Company Articles · Succession Planning Articles ...
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Senior Tax Accountant
Horizon Recruitment Inc. is currently seeking a Senior Tax Accountant for a downtown client in the real estate industry. If your public practice portfolio includes real estate clients and you've had some exposure to Tax - this is an ideal jump in to industry! You will be responsible for the preparation of tax ...
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Tax Calendar
The tax period for the first half of real estate taxes is from January 1 to June 30. June 19 - Personal Property Taxes Due. Vehicles that are registered in the Town of Leesburg on January 1 are subject to a personal property tax bill. June 19 - Business Tangible Personal Property Taxes Due. All property ...
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Programs & Webcasts and Tax and CPE-Specialized Knowledge and CLE-SC
Practising Law Institute, PLI, is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise through our Continuing Legal Education Programs, Webcasts and Publications.
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New Kentucky Sales Tax Law Can Save You Money at Don Moore Dealerships
Effective July 1st, 2014 Kentucky residents can use a sales-tax credit on their automobile trad-ins. Learn how you can save big at Don Moore Automotive.
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Notice of Proposed Tax Increases 2018-19
Links to the schedule of property tax rates and levies and written report supporting the proposed possible increase in the primary property tax rate, and the schedule and written report supporting the proposed increased tax levies for the Municipal Streetlight Improvement Districts (SLIDs) are included ...
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Lawmakers Vote to Review Grocery Tax, Sales Tax Holiday
LITTLE ROCK, Ark. - Arkansans could soon see changes to their receipts when they buy groceries and school supplies. The two items were on a list of proposed sales tax exemptions lawmakers decided to put under further review Wednesday. The 16-member Tax Reform and Relief Task Force ...
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Rehearing on Alabama's tax regime for diesel fuel
The U.S. Court of Appeals for the Eleventh Circuit today, on a petition for rehearing, concluded that Alabama's tax regime that imposes a sales or use tax on rail carriers when they buy or consume diesel fuel, but exempts competing motor and water carriers from those taxes, does not violate provisions of ...
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Owings Tax & Accounting, LLC
We are your small business wealth partner - because everybody's "Owings" tax! Our Online Office brings financial services directly into your home or business enabling you to more actively participate in your financial management. Owings Tax & Accounting is an Advanced Certified QuickBooks Online ...
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IRS describes new tax reform information reporting requirements for certain life insurance contract ...
WASHINGTON –– The Internal Revenue Service today described the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA). The new reporting requirements apply to reportable death benefits paid and ...
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NOTICE: St. Clair County Tobacco Tax
NOTICE. TO: All Tobacco Distributors Filing State-Administered County Tobacco Taxes SUBJECT: St. Clair County Tobacco Tax. According to a resolution adopted by the St. Clair County Commission, the Alabama Department of. Revenue has been designated as the agency to collect St. Clair County ...
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Making an Appointment for IRS Tax Help - YouTube video script
AND I WORK FOR THE INTERNAL REVENUE SERVICE. DO YOU HAVE TAX QUESTIONS AND THINK YOU NEED HELP FROM AN I-R-S EMPLOYEE? BEFORE YOU TRAVEL TO A TAXPAYER ASSISTANCE CENTER… YOU SHOULD KNOW THAT YOU WILL NEED TO MAKE AN APPOINTMENT.
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2018 IRS Nationwide Tax Forums YouTube video text script
HI… I'M MEL… AND I WORK FOR THE INTERNAL REVENUE SERVICE. ARE YOU A TAX PROFESSIONAL IN NEED OF CONTINUING EDUCATION CREDITS? IF SO… DON'T MISS THE 2018 I-R-S NATIONWIDE TAX FORUMS. I-R-S EMPLOYEES AND OUR TAX PARTNERS WILL PRESENT ...
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Feds up charges against alleged member of Pakistani fried-chicken tax-evasion scheme
A Watertown man who was already facing charges of lying to the state Department of Revenue and the IRS about how much money he was making at fried-chicken take-out places in Roxbury and Chelsea now faces a new charge that could see him stripped of his US citizenship. Read more.
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Can the tourist tax be paid by credit card?
Globales Club Almirante Farragut, Cala'n Forcat: "Can the tourist tax be paid by credit card?" | Check out answers, plus 2009 reviews and 2848 candid photos Ranked #2 of 4 hotels in Cala'n Forcat and rated 4 of 5 at TripAdvisor.
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