Wednesday, April 4, 2018

Google Alert - tax

Google
tax
Daily update April 4, 2018
NEWS
Tax alpha is an aspect of investment portfolio management whereby strategies are utilized to reduce, delay or eliminate taxation. The tactics that are utilized are not "schemes" and are not implemented in an attempt to not pay tax. Tax minimization is not the primary consideration in investment ...
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WASHINGTON — A power struggle between two of President Trump's top cabinet members threatens to delay implementation of the new tax law and could give lobbyists and political hands in the White House greater ability to shape critical decisions about which types of businesses benefit from the law ...
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With just under two weeks to go until Tax Day (remember, it's April 17 this year), the U.S. Postal Service expects to be busy. While more taxpayers are opting to e-file their returns, computers haven't completely replaced paper returns, especially since some forms and returns (like amended returns for ...
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Donald Trump has signed into law the most comprehensive reform of U.S. tax code in 31 years, bringing him his first significant legislative success as president. Among its sweeping effects on the economy, the legislation, called the Tax Cuts and Jobs Act, is likely to have significant effects on the ...
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The Internal Revenue Service is sitting on more than $1.1 billion of unclaimed refunds from tax year 2014 (filed in 2015), and Americans have until this year's Tax Day (April 17) to claim them. The median for the potential refunds is $847 for 2014. Taxpayers have three years to claim a refund. After that ...
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The windfall from President Donald Trump's tax-cut helped push dividend payments by companies to a new record, S&P Dow Jones Indices said Tuesday. First quarter dividend payments for the S&P 500 hit a high of $12.79 per share, one cent above the previous record set in the fourth quarter of last ...
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Democratic governor candidate J.B. Pritzker said Tuesday he would seek to temporarily raise Illinois' flat income tax rate and boost credits and deductions while lawmakers consider changing the state constitution to allow for a graduated income tax. Pritzker, though, declined to say what that increased ...
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"President Trump and the Republican Congress promised that billions of dollars in corporate tax giveaways would ultimately raise wages and bring jobs back from overseas, but a union contract is the only way to get that promise in writing," says Chris Shelton, president of the Communications Workers ...
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There have been several proposals for raising additional revenue, most of them straight-up tax increases. The latest proposal, emerging from legislative conference committee this morning, is more intriguing: it raises an additional $487 million over the next biennium for a cash-strapped state government ...
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For federal income tax purposes, you can only deduct contributions to qualified tax-exempt charitable organizations. Donations to individuals are never deductible for tax purposes even if the donations are earmarked for disaster relief (like to help replace a neighbor's home). Certain qualified charitable ...
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Negotiators reached a deal late Tuesday to alleviate by $100 million an expected $500 million state income hike tax for Maryland residents next year. The agreement in principle between top negotiators in the House of Delegates and the Maryland Senate requires final approval by committees ...
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Indonesia completed one of the world's most successful tax amnesties in 2017, but its very success has created headaches. The tax office has to use old technology or even manual labor to deal with a wealth of new data, Robert Pakpahan, director general of the finance ministry's tax department, said.
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More than 90% of US families rely on the country's public schools, but state funding for those schools fell dramatically after the 2008 recession, when property taxes plummeted with real estate values. Overall, funding for public education has started to rebound in recent years, as real estate prices went ...
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According to a recent analysis by the nonpartisan Tax Policy Center, approximately two-thirds of Americans should have received a direct tax cut thanks to the bill Republicans passed late last year. Yet, polling suggests that only about a quarter of adults have noticed an uptick in their take-home pay.
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In the U.S., people are subject to three types of taxation: taxes on income, taxes on wealth, and taxes on consumption. Individual or personal income tax is a well-known example of a tax on income. Corporate income tax and payroll tax are other good examples. Property tax and estate tax are examples ...
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This year's a little different though. The Tax Cuts and Jobs Act (TCJA), the tax law President Trump and the GOP passed in December 2017, changes things for just about everybody. Here's a big-picture overview for folks who don't like thinking about taxes.
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At the close of 2017, Donald Trump signed into law the Tax Cuts and Jobs Act, a landmark reform of federal tax code that has already begun to have sweeping effects on the U.S. economy and financial markets. From mid-October to mid-January, during which the legislation was deliberated, passed, and ...
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The new tax law creates a special 20% deduction for "pass-through entities," a category that includes most businesses in the U.S., whether they are organized as a Subchapter S corporation, a limited liability company or a sole proprietorship—that is, simply working for yourself. Basically, you're a ...
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Ah, tax season — always there to remind us what stress really feels like. For all you Last-Minute Lucy's out there, let this be your friendly reminder to start sooner rather than later. With the tax deadline (April 17th) approaching at a swift pace, it's better to save yourself the added stress and get things ...
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KANSAS CITY, Mo. — Whenever you purchase an item online and send it to Liberty, the city loses out on sales tax money from that purchase. But if voters approve a measure on Tuesday, that would change. Liberty and four other cities have proposed use taxes on their ballots, which would allow them to ...
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Matt Bevin made clear in a statement Monday he does not like the tax reform and budget bills that the General Assembly flopped on his desk. Bevin's statement said he is "very concerned" that the budget and tax bills do not meet "basic standards of fiscal responsibility." He suggested the budget creates ...
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The Australian federal police raided the home of a debt collector for the Australian Taxation Office who is a key whistleblower in a joint Fairfax/Four Corners investigation into the extensive powers of the tax office. The raid came just days ahead of the broadcast on the ABC of the program, Mongrel Bunch ...
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Sixteen years ago, at the end of my first year as a full-time freelancer, I did my taxes and discovered that I owed the IRS $1,600. Once I picked my jaw off the floor and figured out how I was going to scrape that large sum together on short notice, I made a vow that I would create a system that would ...
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CIRCLEVILLE - A Circleville businessman with involvement in several businesses in that city was sentenced Tuesday to 60 months in prison on tax-related crimes. Benjamin Glassman, U.S. Attorney for the Southern District of Ohio, and Ryan Korner, Special Agent in Charge for Internal Revenue Service ...
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The federal tax overhaul appears to be affecting New York real estate already. Namely, New Yorkers aren't buying—the past three months marked Manhattan's lowest sales quarter total in more than six years as well as the largest annual decline in nine years according to the newly released market ...
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In February, the outlook gauge hit 57.5, the highest since October 2012, as economic optimism rode a wave of tax cuts, bonuses and wage hikes. The March 22-29 survey of 902 people came after President Trump stirred fears of a trade war with China. The Dow Jones tumbled more than 1,100 points in ...
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But the move could also have the effect of rerouting travellers through Denmark, according to shares analyst Jacob Pedersen of Danish bank Sydbank. "There is no doubt that the pendulum will swing away from Sweden and Norway, which has also recently introduced an aviation tax, when airlines are ...
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One of the biggest advantages is the ability for a married couple or civil partners to pass assets to each other on death free of inheritance tax (IHT). By contrast, the survivor of an unmarried couple who inherits their other half's estate may pay 40 per cent IHT on assets above £325,000 (the current tax-free ...
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Democrats have called the tax law a giveaway to corporations and the rich. The report by nonpartisan analysts show the richest Americans — those earning more than $732,800 a year — will get a tax break of $51,140. That's when you factor in all the law's provisions, including the corporate rate cut, ...
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Locally, Airbnb also provides that paperwork shortcut for homeowner hosts in D.C. and Montgomery County in Maryland. "It makes a lot of sense: The tax is being collected on the front end by the platform, so it simplifies for the homeowners," Alexandria Assistant Director of Finance Kevin Greenlief said.
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Members of Congress have said they want to loosen rules for health savings accounts. Did they do it in the latest spending bill? Do people who were uncovered for one month in 2017 owe a tax penalty? And how can immigrants who move to the U.S. to retire get insurance? These are the questions I'm ...
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Financial executives in the U.S., Canada and Mexico are reporting increased confidence about the economy and their companies' prospects following passage of the GOP tax law, according to a new survey from Deloitte. Ninety percent of chief financial officers (CFOs) who participated in the ...
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New York State approved a fiscal year 2019 budget that contains provisions to lessen the impact of the new limitations on state and local tax deductions under the Tax Cuts and Jobs Act that Republicans in Congress passed last December. The new tax law limits itemized deductions for state and local ...
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Among the tax scams reported to the Ohio Attorney General's Office, the IRS impostor phone scam is the most common. In this scam, people generally get a call saying the federal government is taking action against them for tax problems and they must call back immediately (and eventually pay) to ...
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Freeport Borough council is getting ready to set the qualifications for volunteer first responders to receive an annual local earned income tax break of up to $300. Council is expected to vote May 7 on an ordinance designed to give firefighters and emergency medical technician volunteers the tax break.
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ALBANY - The two Sex and the City movies received a combined $13.6 million in film-tax credits from New York state, but one of its stars, Cynthia Nixon, would change the program if she was elected governor. Nixon, a Democratic candidate for governor, said Tuesday that while the TV and film industry ...
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Prospects of a sweeping state tax overhaul passed narrowly by both the Kentucky Senate and House appeared to weaken Monday afternoon when it came under fire from Gov. Matt Bevin. The tax overhaul would, among other things, implement a 5 percent flat income tax for corporations and individuals, ...
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State senators are demanding an audit of the state tax department's $60 million dollar computer modernization project. It's a critical project that updates our antiquated tax system, but has been plagued with turmoil and accusations of mismanagement. Senators on the Ways and Means and Government ...
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The new tax law is generally effective starting in 2018, which means that your 2017 income tax return is largely unaffected. However, there may be actions you can take now to benefit from the change. For example, assuming you are eligible, you could fund a traditional IRA before the due date of your tax ...
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Changes to U.S. tax law are expected to boost corporate spending, but Vanguard expects tax reform to have a minimal impact on annual GDP growth. According to one of the world's largest fund companies, while the tax reform bill signed into law by President Donald Trump late last year changes the ...
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Income received from so-called "pass through" entities such as LLCs and partnerships now receives a 20 percent deduction, making the tax rate on investors' and business owners' income more competitive with the rate on corporate profits. And the deduction of capital depreciation has been sped up ...
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At the February tax board meeting, Mihalik said a draft version of a policy is being reviewed by an auditing firm. However, both Frische and city Auditor Jim Staschiak argued that the policy should be developed by the tax board as a whole, and then reviewed by auditors, not vice versa. Not all tax board ...
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Bel Air home and business owners can expect stable property tax rates and no changes in town services under the town administrator's proposed $16.6 million budget for the 2018-19 fiscal year. The new budget was accepted for introduction by the Board of Town Commissioners at Monday night's town ...
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Pete Ricketts' property and income tax plan stalled in the Nebraska Legislature Tuesday in the face of attack from all sides. Lawmakers moved on to ... The bill also would cut the top corporate income tax rate in five steps and boost workforce development funds by $5 million annually. The income tax ...
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Kansas City voters overwhelmingly agreed Tuesday to renew a 1-cent sales tax for capital improvements, including a portion of the estimated $200 million needed to replace the aging Buck O'Neil Bridge. The ballot question garnered better than a 75 percent majority in unofficial returns across the city, ...
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The Ohio General Assembly's Joint Tax Expenditure Review Committee will meet next week for the second time, having only met over six months ago. The committee is charged at reviewing Ohio's 129 tax deductions, exemptions and credits - which total over $9 billion a year -- and decided whether to ...
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NorthWestern is proposing that its natural gas customers receive direct refunds for the entire $3.154 million in tax breaks associated with the utility's natural gas business. The company's electric customers would receive half of the $10.8 million in tax breaks associated with NorthWestern's electric ...
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NEW YORK (CBSNewYork) — There are only two weeks left to get your taxes filed, and many people expecting refunds are anxious to get their hands on that cash. A new warning was issued Tuesday to avoid getting rapid tax refunds, especially for those who need every dollar owed to them.
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Lawmakers waited until the waning hours of the 2018 General Assembly session to cut the levy new state residents pay when they register their cars and to try to fix a car tax system that has shortchanged local governments in recent years. House Bill 329, which was sent to Gov. Nathan Deal's desk for ...
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But absent the full text of each document governments have submitted to Amazon, the report's authors say, residents of any location the company is considering have no way of knowing just how much this corporate courtship could cost them, including where the bidding opened or how massive the tax ...
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WEB
What Companies Are Actually Doing With Their Tax Bill Savings, Charted
​The days and weeks after the passage of the Tax Cuts and Jobs Act in December saw a flurry of press releases from major companies, trumpeting raises, bonuses and hiring plans as a result of their newfound tax savings. According to an analysis from non-profit Just Capital, companies are indeed ...
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Taxation of company distributions: draft guidance
Find draft guidance on rules about the taxation of company distributions, which came into effect on 1 January 2013.
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Online Tax Payments
Text/HTML. You may pay your Personal Property, Real Estate, and Vehicle taxes by accessing the links below. Accepted forms of payment are Credit Card or E-Check. In addition, you may also use the Online Bill Inquiry to find out what your tax payment balance currently is.
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Occupational Tax
Occupational Tax Certificates are required for all businesses in the City Limits of Duluth GA to operate, manufacture or sell.
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Receiver of Taxes
For more information on your property tax bill, please visit the Town Municipal Center at 18 Glenridge Road, Monday through Friday from 9:00 a.m. to 5:00 p.m., or call (518) 688-1200, ext. 404. More information is also available on our website here. Staff Contacts ...
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Justice Department Files Lawsuit to Shut Down Tax Preparation Businesses in St. Petersburg Area ...
The United States has sued Steven M. Doletzky, Michael A. Garno, Michael A. Bass, and Florida corporations they used to operate Liberty Tax Service stores in the St. Petersburg, Florida area. The complaint seeks to permanently bar Doletzky, Garno, and Bass from preparing federal tax returns for ...
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New Tax Code, New You
Your taxes are due soon. Here's how the new tax code is going to affect you #SkimmLife #SkimmMoney.
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Grace Hollon
Grace's practice area focuses on tax consulting and compliance for individuals, fiduciaries, and tax exempt organizations, as well as family wealth transfer and estate planning.
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CSFOT features retail sales tax
The County School Facility Occupation Tax (CSFOT) is a retail sales tax on nonessential goods sold in the county and can be imposed in one-quarter percent increments up to 1 percent. The law took effect in October 2007. Forty-seven counties in Illinois have passed a CSFOT. That option is not ...
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Justice Department Sues to Stop Attorney From Promoting Nationwide Charitable Giving Tax ...
The United States filed a civil complaint seeking to permanently bar Michael L. Meyer, of Southwest Ranches, Florida, from providing federal tax advice for compensation because Meyer allegedly promotes, organizes, and executes a national charitable giving tax scheme that has cost the United States ...
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My Tax Linx
My Tax Linx is a full service tax, accounting and business consulting firm located in Walpole, MA.
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Three Changes to Cost Recovery Under the Tax Cuts and Jobs Act
The impact was broad, and virtually all aspects of taxation are affected in some way. One intent of this tax bill was to stimulate the economy, and we can see this goal manifested through three modifications to the cost recovery rules for fixed asset additions. Unless otherwise noted, these tax law changes ...
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Making Sense Of Tax Challenges
Tax management can be a problem many people face each day, and especially with large life moments like one Client's large liquidity event.
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Karen M Kowalczyk PC
Take a look at our Welcome page. Karen M Kowalczyk PC is a full service tax, accounting and business consulting firm located in Pittsfield, MA.
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Crack and Pack: How Companies Are Mastering the New Tax Code
Long before specific regulations are issued, the new law has led to a burst of activity in tax circles as lawyers, accountants and businesses look for ways around proposals meant to pinch them—and for ways to extend the reach of new tax breaks, especially for "pass through" businesses.
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Tax Parcel Split and Combination Information
Changes to tax parcels from a split or combination are effective the following tax year. The timeframe for the completion of a split or combination can vary, depending on the time of year and/or the complexity of the request. Once the internal processing of the split or combination is completed, the old PIN ...
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This Is How Americans Spend Their Tax Refunds
The average person in the U.S. receives nearly $3000 after tax season. How do Americans spend their tax returns?
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2018 Tax Law Changes: What Do They Mean to Me?
By: Matthew D. Kelly, CFP® Taxes are painful. Taxes are constantly changing. Taxes will never ever go away. Wow, what reassuring and uplifting sentiments! Unfortunately, these are undeniable truths. The recent changes under the Tax Cuts and Jobs Act will shake things up more than usual. The big ...
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Free Tax Prep
We are again proud to partner with trained AARP Tax-Aide volunteers to host FREE 2016 tax preparation services at the WPPL Tuesdays, Wednesdays and Thursdays from 11:30 a.m. - 3:30 p.m. beginning February 2 and continuing through April 14 on our second floor. The services are first come, first ...
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A new way to report tax identity theft
Identity theft is hard enough. That's why we keep working to make recovering from it easier. It's also why we're happy to let you know about an innovative project by the FTC and IRS that lets people report tax-related identity theft to the IRS online, using the FTC's IdentityTheft.gov website to file IRS Form ...
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FTC Releases Alert on Tax Identity Theft
The Federal Trade Commission (FTC) and the Internal Revenue Service (IRS) are offering consumers a new way to report tax-related identity theft to the IRS online. Tax-related identity theft happens when someone steals your Social Security number to file a tax return and claims your refund. To report ...
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Property Record Cards
Income and Expense Forms · Mill Rate History 1979 - Present · Motor Vehicle · Online Property Record Cards · Online Property Maps · Online Inspection Request · Real Estate · Revaluation · Sales Verification Form · Tax Relief · FAQ. assessor banner. Home Departments Assessor Online Property ...
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13 changes in Income Tax applicable from 1st April, 2018
1. Tax Exemption limit is Rs.2,50000/- After that, up to 5 Lakh, Tax rate is 5% (earlier it was 10%). 2. Payment of Rent – Rs.50000 per month by any Individ.
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Tax - Internship
Last year student from reputable universities with excellent academic result (minimum GPA 3.00), majoring in Taxation/Accounting/Fiscal Administration; Fresh graduates are also welcome to apply; Candidate must be willing to work full time and willing to work overtime from time to time; Candidate has ...
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Two Extra Days to File with Tax Day on April 17
The New York State Department of Taxation and Finance today reminded all taxpayers that they have two extra days to file their federal and state income tax returns this year. The deadline to file and pay any tax due is Tuesday, April 17, 2018, rather than the traditional April 15 date. That's because April ...
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Tax question
So in the states every coin for coin trade is taxable. When we invest into a manager token and get paid back in Gvt, we will be taxed on that...
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NYS Tax Department Announces More Opportunities for Taxpayers to Obtain Free Tax Filing ...
NYS Tax Department Announces More Opportunities for Taxpayers to Obtain Free Tax Filing Assistance in New York City Filing sites in Bronx, Brooklyn, Manhattan, and Queens offer eligible taxpayers help filing their state and federal returns for free. For Release: Immediate, Monday, April 02, 2018.
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Tips for Collecting During Tax Season
Tax season presents a win-win situation for consumers and collectors because consumers can use their refund to pay off debt.
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County paves way for more sales tax
TUCSON, Ariz.- -Pima County Supervisors moved closer to a vote on a sales tax hike for road repair Tuesday. The county estimates the tax would raise about eight million dollars a year and cost an average family about 91 dollars a year. But it's not clear Supervisors will choose the tax as the route to ...
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Tax Day is Just Around the Corner … Have You Filed?
Are you a tax procrastinator? This year's filing deadline is April 17.
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HCS approves budget with lower levy; tax asking will increase
Community Schools will see its levy decrease slightly next year but will also see a tax asking increase as approved by the HCS Board of Education this week. The board has approved a tax asking increase of $128,135 next year, mostly due to an increase in valuations, as the district lowers its overall levy ...
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Proskauer Enhances Private Funds Tax Capabilities With Addition of Partner Jeremy Naylor
April 3, 2018 (New York) – Further strengthening the Firm's tax practice in private investment funds, international law firm Proskauer is pleased to announce that partner Jeremy Naylor has joined the Tax Department in New York. "Jeremy's broad based experience in analyzing and implementing tax ...
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