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| President Trump And Tax Return Privacy There will be plenty of articles written about various components of filing your tax returns. From comparative articles about how other countries pay taxes to articles about what to do about missing receipts many a yarn will be spun. Inevitably there will be an article or tweet about President Trump filing his ...
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| Can falling bitcoin prices really be blamed on the tax man? Explaining away the recent decline in bitcoin is proving difficult for market bulls who are continually searching for reasons why the No. 1 digital currency has lost more than 40% since the beginning of 2018. The latest hypothesis: tax purposes. Americas are selling cryptocurrency to raise funds to pay ...
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Watch: Trump talks tax reform in West Virginia President Donald Trump is scheduled to discuss tax reform during a roundtable discussion in West Virginia on Thursday. The roundtable discussion, to be held in a White Sulphur Springs civic center gymnasium, will mark Trump's fourth visit to West Virginia as president. It was unclear if Trump planned ... Trump in West Virginia rails against illegal immigration in tax reform roundtable – live updates - CBS News
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| Soft drink sugar tax starts, but will it work? The "ground-breaking" sugar tax on soft drinks has come into force in the UK. From Friday manufacturers have to pay a levy on the high-sugar drinks they sell. Ministers and campaigners believe it has already proved to be a success with many firms reducing sugar content ahead of the change.
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| Assessing the true value of tax-loss harvesting An IRS 1040 form, U.S. Individual Income Tax Return, is shown on Thursday, April 5, 2018, in New York. Leading automated financial advisers — often called "robo-advisers" — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns.
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| Trump Veers From Tax Script to Blast Democrats on Immigration Mr. Trump traveled to West Virginia on Thursday to promote his $1.5 trillion tax overhaul before a friendly audience. But the president grew bored with his prepared remarks after a few moments and returned to the bitter complaints about the nation's immigration laws that have dominated his attention this ...
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| Welcome to the new tax year - here's the main changes The new tax year begins on Friday with a bigger than usual set of changes to income taxes, personal allowances, pensions, buy-to-let taxation and dividend taxation. ... The amount you can earn without paying income tax rises from £11,500 to £11,850, which works out as a tax cut of £70 for most people.
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| NC preacher bought his cars and $1 million home in a tax fraud scheme, jury says A former Charlotte-area preacher was convicted of tax fraud by a federal jury Thursday. William Todd Coontz, 51, was indicted last summer for failure to pay taxes and aiding and assisting in the filing of false tax returns. Federal prosecutors said Coontz under-reported his income by claiming certain items ...
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| New Scottish income tax system comes into force Scotland's new system of income tax rates and bands has come into force. The changes, which were signed off by MSPs alongside the Scottish government budget in February, will see many pay less tax, but some pay more. Finance Secretary Derek Mackay said the new system is more progressive and ...
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| Taxes From A To Z (2018): T Is For Taxpayer Bill Of Rights The Right to Be Informed: Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions ...
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| A guide to the winners and losers in the new UK tax year The new tax year, which starts on Friday, will usher in a range of policy changes. Minimum wage workers, graduates and drivers are all set to benefit from the new policies, while higher earners in Scotland, benefit claimants and shareholders will end up losing out.
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| How to Mount a Tax Defense for Unreported Crypto Income The Coinbase summons battle is reminiscent of aggressive tax enforcement efforts pursued by the Department of Justice to ferret out U.S. taxpayers holding unreported income and assets abroad. That initiative also began with the issuance of a John Doe summons, but to a Swiss bank, UBS, for ...
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Got student loans? Don't make this major tax mistake If you've been paying off student loans, don't make the mistake of filing your taxes without getting a deduction on the interest you've paid on your loans. "If you're paying 4% [interest] on your loans and not getting the deduction," says Michael Chen a CPA and founder of Henry.tax, "it is expensive and ...
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| Kentucky lawmakers send tax cuts for wealthy, tax hikes for the other 95 percent to governor's desk The Kentucky legislature passed a sweeping tax overhaul this week, and now lawmakers are asking Republican Gov. Matt Bevin to sign a bill that would slash taxes for some corporations and wealthy individuals while raising them on 95 percent of state residents, according to a new analysis. Study: GOP bill cuts taxes for the rich, raises taxes for 95 percent of Kentuckians - Lexington Herald Leader
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| Spain's Tax Authorities Seek Crypto User Names and Bank Accounts Further, in Spain, the news tracks efforts from the finance ministry, which houses the tax agency, to address bitcoin and other cryptocurrencies in an official bulletin published in March. At the time, government officials notably sought to link the technology to organized crime, calling for increased oversight ...
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| Mexican Rapists, Voter Fraud, People Being "Cut Up": Trump's "Tax Reform" Speech Goes Slightly ... If you took a gander at Donald Trump's schedule on Thursday, you would have seen that he was slated, in theory, to attend a "roundtable discussion on tax reform" in White Sulphur Springs, West Virginia. In practice, that didn't actually happen. Oh, the president made it to the town of 2,444 and sat on the ...
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| Tax affordability: Guide to tax restrictions and tax breaks in all 50 states Tax law can feel like an uncrackable code. It's intimidating to try to get familiar with the minutia of state tax legislation. Well, don't worry — we did it for you. Read ahead to learn about the tax restrictions and breaks for each 50 states, which we ranked into three categories in terms of affordability: Thumbs ...
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| UK to agree deal with eBay and Amazon over tax evasion UK tax officials are set to strike an agreement with online marketplaces including Amazon and eBay that will give HM Revenue & Customs access to their data to combat value added tax evasion by overseas online retailers. As part of the agreement, which will be announced this month, online platforms ...
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| New tax law could make your state tax bill go up NEW YORK (CNNMoney) - Like most of us, you're probably still trying to figure out how the federal tax overhaul will change what you'll owe Uncle Sam. But the new law could affect how much you'll pay in state taxes as well. Of the 41 states that impose an income tax, all but five (Alabama, Arkansas, ...
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| Uncertainty Around Tax Overhaul May Lead Taxpayers To Push The Envelope Corporations, owners of partnerships and other pass-through businesses, and millions of ordinary individual taxpayers are scrambling to understand how the Tax Cuts and Jobs Act (TCJA) affects their tax situations for 2018 and beyond. And the world is full of practitioners ready — for a fee — to give ...
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| Conservatives fear trade war could cripple tax cuts message I mean if you look at your senator, he voted against [the tax bill]," Trump said. But conservatives warn that message could be undercut if Trump's actions on trade counteract the tax cuts' benefits. Stocks have already fallen, with traders pointing their fingers to the tariffs as an explanation. When the final tax ...
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| Unintended Tax Reform Fallout Creating 'Potentially Ruinous' Bills for Thousands of Feds About 25,000 federal employees per year could face a massive new tax liability under a provision of the overhaul of the U.S. Tax Code President Trump signed into law this year, thanks to the removal of a deduction that helped employees forced to relocate by their agency. The issue particularly impacts ...
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| Oklahoma Senate takes up tax hike to halt week-long teachers' strike The Oklahoma package includes a $20 million internet sales approved by the House on Wednesday, a hotel tax hike expected to generate about another $50 million and a gambling measure that could bring in about another $22 million. Tens of thousands of teachers have come to the state capitol this ...
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| Op-Ed: The 'friendly' tax hike taking shape in Springfield Because once the progressive tax is in place, residents should prepare to shoulder a host of tax hikes Springfield deems "fair." ... Scrapping Illinois' constitutional protection of this "flat" income tax structure would be the culmination of years of advocacy from unions and union-affiliated groups who think ... Protecting taxpayers by ensuring they're getting a state government they can afford? That's friendly. - Illinois Policy
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| Montgomery County board hears from public on proposed tax increase CHRISTIANSBURG — Nearly all of the speakers at a budget public hearing Thursday night requested that a 1.5-cent real estate tax hike be adopted to ... the Montgomery County Board of Supervisors was required to hold for the next fiscal year's proposed real estate tax rate and overall county budget.
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| Three months into the tax cuts, significant wage gains seem elusive February's blockbuster jobs report — a huge gain in employment and drops in the unemployment rate among key groups — was not matched by the March number released Friday morning. The economy only added 103,000 jobs last month according to preliminary estimates, and the number of jobs ...
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| China Announces Retaliatory Tariffs on US Goods The $12.5 billion worth of new tariffs proposed by the U.S. is "essentially the government taking back about half of that roughly $26 billion-a-year tax cut it just delivered to manufactures," notes David Fickling of Bloomberg. Soon after the list of 1,300 products was proposed, China responded with its own ...
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| UK 'sin taxes' are working. Here's the proof The government has, in quick succession, introduced new or higher taxes on plastic bags, diesel cars and sugary soft drinks in an attempt to undermine their popularity. The moves have prompted some criticism. The Institute of Economic Affairs, a free market think tank, ranked the United Kingdom as the ...
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| Does Your State Have an Estate or Inheritance Tax? In addition to the federal estate tax of 40 percent, some states impose an additional estate or inheritance tax. Twelve states and the District of Columbia impose an estate tax while six states have an inheritance tax. Maryland is the only state in the country to impose both. Washington state's 20 percent ...
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Tax assistance: new software, apps and other services can make filing less stressful In the past, I've had to decide between tackling my taxes with the help of tax prep software or seeing an accountant in person (which typically costs me more than $1,000). This year, however, new tech from TurboTax promises the best of both with a new service called TurboTax Live. I tried it this past ...
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| Top 20% of Americans Will Pay 87% of Income Tax One of the least discussed parts of America's income tax is how progressive it is, and the tax overhaul didn't change that fact. In 2018, top earners will pay a higher share of income taxes. The individual income tax matters—a lot—because it is the largest single source of U.S. revenue. And its share has ...
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| Group opposed to GOP tax law drops $500K on ad campaign ahead of Arizona special election The timing and location of the ad buy, however, mean that ads hitting the GOP tax law will be airing ahead of the special election in Arizona's 8th Congressional District, set for April 24. Debbie Lesko, a state senator, is the Republican candidate in the special election, running against Democrat Hiral ...
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| Do You 'Believe' That Tax Reform Will Benefit Your Business? That's Not a Good Enough Answer Capital One Spark Business released its latest Small Business Growth Index today and among its many findings, one in particular stood out. It seems that of the 500 business owners surveyed, only 36 percent believe that the 2017 tax reform bill will lower their taxes. "Believe?" That's not good enough, ...
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| Extensions may be necessary as tax deadline quickly approaches As Tax Day gets closer and closer, it's looking increasingly likely that I will need to file an extension on my 2017 tax return. Does it create problems to file an extension? Filing for extensions can be beneficial, and sometimes circumstances require it. The most important thing to keep front of mind is that an ...
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| Trump ditches 'boring' tax script for Mexican rapists, illegal voting claims President Donald Trump on Thursday ditched his "boring" prepared remarks at a tax roundtable in West Virginia, and instead repeated his claim that "millions" of people are voting illegally and boasted that he was right about the threat of Mexican rapists. "You know, this was going to be my remarks, ...
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| Ditch sugar or raise prices? Drinks-makers face a new tax On April 6th a new tax on sugary soft drinks comes into effect. It is meant to curb obesity, which costs the health service an estimated £6.1bn ($8.6bn) each year. Under the new law, drinks with over 5 grams of sugar per 100ml will be taxed 18p per litre and those with more than 8 grams 24p per litre.
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| Going off script, Trump bashes immigration policies at tax cut event President Donald Trump smiles as people applaud him during a roundtable discussion on tax policy, Thursday, April 5, 2018, in White Sulphur Springs, W.Va., from left, Rep. Evan Jenkins, R-W.Va., West Virginia Attorney General Patrick Morrisey, and CEO of Davis Trust Company Hugh Hitchcock.
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| Denver sales tax hike would raise millions for mental health care, substance abuse treatment A group of health care advocates and a Democratic state lawmaker are seeking a 0.25 percent sales tax increase in Denver to raise money for mental health and substance abuse treatment in the city, which they say is lacking. The proposed November ballot measure would raise $45 million in its first ...
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| US tax agent 'raped intern at gunpoint' A Boston tax agent accused of handcuffing a young intern in his car, putting a gun in her mouth and raping her last summer has pleaded not guilty. Prosecutors claim James Clarke invited a 21-year-old woman for drinks and bought her "enough drinks to intoxicate her" before the alleged assault.
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| The biggest winners from the tax cuts These are the states where taxpayers will see the biggest benefits from the new tax code, according to an analysis by the Tax Policy Center. High-income households do best, particularly those in the 95th to 99th income percentile, and the average tax cut across all states will be 1.8% of after-tax income.
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| Seven Real Estate Pros Weigh In On Affordability And Foreign Buyer Taxes Affordable housing in metropolitan areas is notoriously difficult to come by — especially when foreign buyers leave their investment properties vacant and unavailable to local residents. That's why the city of Vancouver, British Columbia, recently raised its foreign buyer tax from 15 to 20%. The increase is ...
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| Alabama looks to collect more online sales tax as Trump trashes Amazon A large Amazon box was placed outside the Pizitz in Birmingham as the city attempted to convince the giant online retailer to bring its second headquarters to Alabama last year. In Montgomery this spring, the Alabama Legislature approved a bill that will expand a state program to collect more taxes from ...
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| Oahu tax preparer pleads guilty to filing phony returns Dahilig was the owner and operator of Speedy Gill Services, a tax preparation business on Oahu, and from 2010 to 2013 he also underreported the money he and his wife made from the business. "This plea comes at a time when most Americans are filing their tax returns," said IRS-CI Agent Troy Burrus.
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| Tax scams increase across region, state "It's really important once you get your W-2's to go ahead and complete the tax process, because scam artists are taking advantage of the fact that maybe you haven't filed yet. Once they have your personal information, your Social Security number, they can submit a phony tax return in your name," said ...
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| After Slashing Public Assistance, Missouri GOP Boosts Tax Credits for Fake Clinics Missouri is one of the states that gives government funds and tax breaks to fake clinics in the midst of budget crises. Alison Dreith, executive director of NARAL Pro-Choice Missouri, told Rewire.News that it was "disingenuous at best" for state lawmakers to increase tax credits and provide funding for fake ...
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| Wildlife can be helped on state income tax form For those who have procrastinated, April 15 is fast approaching and, with it, the deadline for filing federal and state taxes. Hunters, anglers – anyone who values our wildlife – can help conserve North Carolina's nongame and rare wildlife species when they complete that annual task by making a ...
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| Lawsuit: Myrtle Beach chamber paid 'crony companies' using tax money The Myrtle Beach Area Chamber of Commerce paid "crony companies" more than $30 million in tax money over the last three years without competitive bidding, a new lawsuit alleges. On Thursday, Karon Mitchell filed the suit against the chamber, Horry County and the City of Myrtle Beach. The suit was ...
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| House passes online sales tax legislation, dedicates $20 million to education OKLAHOMA CITY - Standing room only in the Oklahoma house gallery Wednesday for day three of the teacher walkout in the state as lawmakers spent nearly four hours hearing legislation that would collect online sales taxes from retailers like Amazon. The house passed the $20 million online sales tax ...
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| Former Seattle Impact owner Dion Earl indicted on tax fraud charges Former Seattle Impact indoor soccer team owner Dion Earl has been indicted on five counts of orchestrating a federal tax fraud scheme worth $1.1 million. Earl, 46, currently jailed on sexual-assault charges in Arizona pending a September trial, was indicted Wednesday by a federal grand jury on ...
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| GOP Tax Plan Clouds Future of Historic Renovations in Ohio, Which Led Nation in Projects in 2016 Ohio ranked first in the nation for completed federal historic tax credit projects in 2016, with 103 approved across the state. In the GOP effort to simplify the tax code, the first draft of the Tax Cuts and Job Act eliminated federal historic tax credits entirely, despite the significant economic development they ...
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| Tax Responsibility for developing tax policy is shared by the Treasury and Inland Revenue. There is currently an independant Tax Working Group in order to examine further improvements in the structure, fairness and balance of the tax system. For further information on tax, see the Revenue and expenditure ...
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| Companies continue to give tax reform bonuses 500 companies announce tax reform perks. Americans for Tax Reform's Grover Norquist discusses the impact of tax reform.
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| Gov. Jim Justice: Tax reform is taking hold in West Virginia President Trump heads to West Virginia for a tax reform roundtable. Governor says the nation needs to get behind the president.
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| Council Tax Exemptions Exemptions from Council Tax payment that are available from Mid Sussex District Council, as well as application forms and eligibility criteria.
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| Council Tax Support Scheme Mid Sussex District Council has developed its own Council Tax Support Scheme to protect pensioners (a legal requirement), protect those who are unable to or not expected to work and support and incentivise work or return to work.
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| Taxes & Payments Each year business property statements, which provide a basis for determining property assessments for fixtures and equipment, are mailed by the Assessor's Office to most commercial, industrial and professional firms. Businesses with personal property and fixtures that cost $100,000 or more must file ...
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| The Political Economy of British Columbia's Carbon Tax In July 2008, the Canadian province of British Columbia (BC) launched North America's first revenue-neutral carbon tax reform. The tax, which applied to all combustion sources of all fossil fuels, was introduced at a rate of CAD 10 per tonne of CO2, with a schedule for annual increases of CAD 5 per ...
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| South Florida Doctor Indicted for Tax Evasion and Disability Fraud A federal grand jury sitting in Fort Pierce, Florida, has returned an indictment, which was unsealed today, charging a Hobe Sound, Florida, resident with tax evasion, mail fraud, wire fraud, theft of government funds, and Social Security disability fraud announced Principal Deputy Assistant Attorney ...
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| At tax reform roundtable, Trump releases another dispatch from his dark and diseased mind When Donald Trump rips up his prepared remarks at the outset of an event like he did on Thursday at a tax reform roundtable in White Sulphur Springs, WV, look out—he's about to rain down unfettered ignorance on everyone in sight. Trump is reportedly feeling more confident than ever these days in his ...
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| In The Know: Legislature begins moving on bills educators want but rules out capital gains tax ... Legislature Begins Moving on Bills Educators Want but Rules out Capital Gains Tax Increase: The Oklahoma Legislature began moving on additional revenue Wednesday, with the House passing a $20.5 million internet sales tax measure and the Senate agreeing to bring a "ball-and-dice" gambling bill ...
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| 5 Tax Breaks for College Costs Besides scholarships (tax-free up to the cost of tuition and course-related expenses, such as books and supplies), there are several tax breaks designed to ease the effects of college costs, whether you're saving to send your kids to college, paying for yourself, or considering some graduate work.
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| Raise a Glass to Kentucky Bourbon More from Americans for Tax Reform. Time to Pull Plug on KentuckyWired · Louisville-Owned Broadband Network: A Bad Deal for Taxpayers · U.S. JAN Hosts Governors Forum on Justice Reform in Cleveland ...
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| Tax Considerations for Restaurants Entering New Markets by Adam Berebitsky, BDO Tax Partner Today the average family's schedule is faster-paced than before. As traditions around the dinner table reflect that change, the restaurant industry is growing at staggering rates. In fact, according to the National Restaurant Association State of the Industry report, ...
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| Seven Common Tax Questions Facing Bloggers In the everchanging world of marketing & advertising, social media & grassroots campaigns have taken over a larger share of budgets of companies both big and small. We have identified the following 7 common tax questions & provide insight below on how to approach answering these questions ...
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| EU illegal State aid case against Apple in Ireland On August 29, 2016, after a two-year EU investigation, Margrethe Vestager of the European Commission announced Apple Inc. received undue tax benefits from Ireland. The Commission ordered Apple to pay €13 billion, plus interest, in unpaid Irish taxes for 2004 to 2014. This is the biggest tax fine in ...
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| Do I need to file a state extension? If you owe state taxes, you need to file an extension and pay what you owe by April 17, or else penalties and interest start to apply. The.
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| How to Save on Taxes by Claiming Florida as Your State of Residence We have no income tax (one of only 7 states), while many other states have relatively high state income tax rates. It's not that easy to do, however, and tax officials in states with large snowbird populations – particularly New York and Minnesota – are getting very aggressive in going after people they ...
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| Going off script, Trump bashes immigration at tax cut event Tossing his "boring" prepared remarks into the air, President Donald Trump on Thursday unleashed a fierce denunciation of the nation's immigration policies, calling for tougher border security while repeating his unsubstantiated claim that "millions" of people voted illegally in California.
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| Rhode Island Democrats To Put Money Before Lives, Tax Anti-Cigarette Devices Vaping saves lives. And yet Rhode Island Democrats want to apply an 80% tax on vaping. The biggest effect of putting that kind of tax on a good, is to discourage more people from trying it. So Rhode Island, in a greedy impulse to make more money short term, is set to cause more people to get cancer ...
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| Do I Need to File a Gift Tax Return? Don't look now but the deadline for filing your 2017 federal income tax return is right around the corner. Unless you receive an extension, you must file your return by April 17, 2018 — which is less than two weeks away.
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