Wednesday, June 24, 2020

Google Alert - tax

Google
tax
Daily update June 24, 2020
NEWS
Thisis a clear indication that, to date, taxpayers are still struggling to pay taxes. Some of the majorcauses of tax debts are failure to settle the taxes on ...
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You must take the trip now, pay for the trip now, but then claim the expenses on your taxes next spring and wait for your refund. A tax credit is better than ...
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3 tax breaks that can help. Though filing taxes may be a time-consuming prospect, doing so strategically could also put more money in your pocket.
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Under an inheritance tax, heirs would simply pay income and payroll taxes on their inheritance above a large exemption, just as others do on their ...
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Botetourt County plans to supplement the FY21 property tax for all private property owners with a relief amount equating to more than 70% of the overall ...
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Altera reflects the Ninth Circuit "saying that what the Treasury Department did was sufficient," said Leandra Lederman, a tax law professor at the ...
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While no tax increases were included in the budget, there was multi-county re-balancing of the millage rate. That means the millage rate for Indiana ...
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Next, city council is expected to approve moving the city's tax collection to the Regional Income Tax Authority (RITA) beginning in 2021. The reason for ...
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Massachusetts' tax-free weekend will take place August 29 to 30, the Baker administration announced Tuesday. This will be the second sales tax ...
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The new tax is necessary, Vestager argued, due to the ease with which many large tech companies minimize their European taxes. That makes it "so ...
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The U.S. Tax Court was right to rule against two men who failed to report $41 million in compensation because complex transactions can't be an ...
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The committee, "Citizens Against Sneaky Taxes," claims in a news release issued Tuesday that the City Council placed the proposed increase on the ...
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The vote to suspend the tax is due to potential economic impacts the Lexington County community has felt as a result of the COVID-19 pandemic.
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The tax measures went largely unnoticed until April when the nonpartisan Congressional Joint Committee on Taxation finalized its cost estimate of the ...
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Check out what's clicking on FoxBusiness.com. A new bill introduced by a bipartisan group of lawmakers would expand a tax break for charitable giving ...
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Some tax professionals were hoping commutes via plane—for executives who live in one city and work in another—wouldn't face the limitation. "It says ...
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Indonesia is waiting for a global consensus on digital taxation rather than implementing a digital services tax of its own. "Although our new tax law ...
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According to public records, Medina operated an unnamed and unregistered tax preparation business in his home from 2013-2016, assisting clients with ...
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Even if you don't owe income taxes, you're still required by law to file an individual income tax return if you meet Idaho's filing requirements. Visit the ...
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Morales pleaded guilty to submitting false tax claims and to aggravated identity theft before United States District Court Judge Jeffrey L. Schmehl, ...
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The medical center had asked the tax department to withhold the money for medical care their son received in 2001 and 2002. Jane Collins and Anthony ...
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DALLAS - With your mind on many other things this time of year, remember it's almost tax time. This year's deadline to file and pay your taxes had ...
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German municipalities to receive about EU11.8 billion from federal government in 2020 as compensation for expected shortfalls in business tax ...
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A sales tax holiday weekend is slated to take place as retailers regain their footing after weeks of… more. Gary Higgins / Boston Business Journal.
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Q: I read your article on avoiding capital gains tax on second homes. I have a question that is along those lines, except it's a little more complicated.
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A finalized version of the revised 2020 quarterly federal tax return for employers in four U.S. territories was released June 22 by the Internal Revenue ...
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The tax also would raise $3 million to $4 million annually for the city of Syracuse, which shares 25% of county sales taxes. Legislators put off voting on ...
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The Boca Raton, Fla., resident, who founded Lyndhurst, N.J.-based Sigma Plastics Group in 1978, was charged with one count of tax evasion and his ...
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In a nationally televised address, he also called for cutting taxes on the information-technology sector to what he said would be some of the lowest ...
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San Antonio tax preparer Richard Medina Sr. pleaded guilty Tuesday to preparing a fraudulent tax return for a client and filing a false income ...
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Those who qualify as Very-Low-Income Tax Credit titleholders are those with a combined gross income of less than $48,000, and can possibly see taxes ...
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These taxes are deposited into Vermont's UI Trust Fund to pay UI benefits to eligible claimants. Annual tax rate schedule calculations are set each July ...
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The three-year scam resulted in a loss of more than $2 million in tax dollars. Bertha Battle, 40, admitted in federal court last week to conspiring with ...
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The Pennsylvania Department of Community and Economic Development (DECD) argued that because Dechert already received tax credits under ...
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The difference is due to the Multi-County Tax Equalization ratio of the State Equalization Board. Last year's millage rates were 95.27 mills in Clearfield ...
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One proposal would divert a portion of Suffolk County sales tax revenues from the drinking water protection program over the next three years.
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On Friday, Mayor Leirion Gaylor Baird talked about sales tax receipts, noting they were a "reflection of our community's efforts to stifle the spread of ...
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Additional electronic devices, including TVs, will be tax-free during the back to school shopping weekend. Plus, they've added a tax holiday for ...
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LAKE PLACID — The village's preliminary 2020-21 budget carries a slight tax increase. The village is proposing to levy, or collect, $3,923,351 in taxes ...
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The tax issues involved in making nonresidential property improvements have been in a state of confusion since the enactment of the Tax Cuts and ...
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In the settlement, Calumet agreed to pay $11 million in property taxes for the three years, a $5.9 million reduction in its property tax bill. Of the $11 million ...
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But the Australian Taxation Office has made one thing clear: don't lodge your tax return too early. The ATO sounded the alarm on early lodgement last ...
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JERUSALEM (AP) — Israel's parliament has granted Prime Minister Benjamin Netanyahu a series of tax exemptions for official benefits that could ...
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There's also been talk of tax breaks for businesses as a way to get people back to work, an approach that could skip personal checks for individuals and ...
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The Senior Citizens League warns that President Trump's proposal for a payroll tax cut in the second economic stimulus package would worsen ...
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Corporations with gross receipts of $5 billion a year or more would have to disclose the amount of California tax credits claimed and tax paid under a ...
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Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology's emerging market, ...
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WEB
Hill, NH Tax Maps
e Property Tax invoices have been mailed! Invoices are due on or before July 2, 2020. Reminder: Town Clerk/Tax Collector Office will be closed July 6- ...
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Tax Rate
Fiscal Year 2020 Tax Rate: 17.61 per thousand valuationFiscal Year 2019 Tax Rate: 17.89 per thousand valuationFiscal Year 2018 Tax Rate: 18.13 ...
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Alabama Tax Preparer Indicted for Filing False Returns
A federal grand jury in Birmingham, Alabama, returned an indictment today, charging an Alabama tax preparer with filing a false tax return for herself ...
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SCOTUS Blocks Intel Cayman Islands Tax Scheme
The Cayman Islands have very low corporate tax rates, so Intel has done a lot of work to claim that a significant portion of its profits were earned not by ...
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New Tax Breaks Would Worsen Louisiana's Revenue Shortfalls
The Louisiana Legislature is considering several proposals to cut taxes or expand existing tax breaks during its current special session. All of these ...
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Contact Us
Val's Tax Service. 312 12th Ave Road. Suite 312. Nampa, ID 83686. (208) 899-3544. valstaxservice@cableone.net ...
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Pushing back against tax cut bills
While some lawmakers, like Finance Committee Chair Brett Allain, only want to scale down the tax breaks, others are more cautious about their ...
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ITR filing deadline extended | PAN Aadhaar linking deadline: PAN-Aadhaar, Tax saving, Form 16 ...
The government via today's notification has extended various tax-compliance related deadline due to ongoing coronavirus pandemic. The extension ...
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Court Finds Miami-Area Tax Preparer and His Business in Contempt for Violating Permanent ...
The United States filed a complaint on Nov. 28, 2017, alleging that Vilbrun Simon and Simon Accounting & Tax, LLC, along with codefendants ...
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Tax Day Has Been Extended But Time Now to Prepare for It
I want to share with you a tax tip. Unfortunately, we appraisers have to pay taxes. This may help you to make it less painful. When I was a young ...
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Board of Assessors
The Assessor's office is responsible for administering Massachusetts property tax law effectively and equitably and for producing accurate and fair ...
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Daytona Deputy Utilities Director Indicted On Bribery, Tax Evasion
Atlanta, GA - Daytona Beach's deputy utilities director is now facing charges related to bribery and tax evasi...
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Become an Enrolled Agent and Look Forward to Tax Season
As tax preparation season is in full swing, and many of us are staring down that extended July 15 deadline this year, would it surprise you to learn that ...
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Estate and Income Tax Planning Opportunities During COVID-19
Looking for opportunities amid such an economic crisis could be key to significantly increasing family wealth by minimizing or avoiding estate taxes.
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Tax
Congress and the Internal Revenue Service have changed the tax rules to enhance the short-term liquidity of companies and their workers, including ...
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1 in 3 Americans Not Confident About Filing Their Taxes Amid Pandemic, Despite Delayed Deadline
The level of filing discomfort was surprising, given that the new tax deadline provides three months of leeway. The wiggle room, however, was enough ...
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Tax Resources
Tax Resources. Click on one of the categories below to find forms, explanations, and other tools to help you manage your taxes.
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Digital tax bytes – Weekly update
International news. US steps back from OECD digital tax talks. On June 17, the Financial Times reported that Treasury Secretary Mnuchin sent a letter ...
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purchase line school board passes budget with no tax increase
While no tax increases were included in the budget, there was multi-county re-balancing of the millage rate. That means the millage rate for Indiana ...
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Domestic tax planning
Our domestic tax planning professionals can help you build strong compliance and reporting foundations as well as sustainable tax strategies.
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Webinar: IRS Tax Examinations and Hot Issues (EXI4)
In addition, because tax-related identity theft is a common issue for many taxpayers, it is critical for CPAs to understand the procedures necessary to ...
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Tony Panico, CPA
Tony provides tailored and creative tax planning, compliance and consulting services to physicians and physician groups, hospitals and health care ...
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COVID-19 Tax Relief: Roundup of Postponed Federal Tax Deadlines
Here's what individuals and business owners should know to manage their tax calendars through July 15 due to the IRS's pandemic-postponed tax ...
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KBKG Tax Insight: Senate Finance Committee Discusses Potential for New Coronavirus Bill that ...
As Research & Development Tax Credits apply to a vast majority of industries, the proposal could have a large, positive impact on businesses that ...
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ENGIE commits to embrace The B Team's responsible tax principles
ENGIE is thus confirming its commitment to contribute to best tax practices and to encourage the emergence of responsible taxation around the world.
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Tech companies rejected by top court on tax brea...
Many of the subsidiaries are in tax havens such as the Cayman Islands, where deductions for stock-pay expenses are almost worthless because the ...
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No tax increase if Portland school budget referendum passes
Portland residents will vote July 14 on a proposed school budget of $113.5 million that will not require any increase in taxes. The budget proposal was ...
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House Infrastructure Bill Would Expand and Strengthen Housing Credit and Housing Bonds
The Moving Forward Act would increase the Low-Income Housing Tax Credit (Housing Credit) allocation by more than 60 percent over current levels, ...
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A Summary of California Tax Legislation AB 85
California Legislature Passes Governor Newsom's Proposal to Suspend California Net Operating Loss Deductions and Limit Tax Credits during 2020 ...
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Tax News & Views Relief, Return and Publicity Roundup
Quick refunds stymied by slow processing. Publicity for PPP borrowers. Returning accidental virus benefit payments. What to do when the IRS shows ...
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Tax Abatement Toolkit
MAC has compiled a number of useful resources for listers, boards of abatement, and official with tax abatement responsibilities. These resources can ...
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Could a "Digital Tax" Be on the Way for Virginia?
... during an economic crisis. Virginia is one of 12 states that does not apply a sales tax to streaming platforms, missing out on about $10 million a year.
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Tax Expert Guide 2020 is now live
The guide was published in June with all listed Tax Leaders appearing in our co-branded print guide and on both expertguides.com and itrworldtax.com.
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Volunteer Income Tax Assistance
VITA tax clinics are offered from February through April 15 on Wednesdays from 5 - 7 p.m. and on Saturdays from 9 a.m. - 12 p.m. in the lower level ...
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