Tuesday, September 1, 2020

Google Alert - tax

Google
tax
Daily update September 1, 2020
NEWS
Suspension of payroll taxes is one of Trump's top priorities. When Congress did not include a payroll tax cut in a potential stimulus deal, Trump used ...
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They're also seeking to raise taxes on past earnings and levy the nation's first tax on accumulated wealth. Assembly Bill 1253, which already passed out ...
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... the collection of payroll taxes starting Tuesday. But unless Congress forgives the taxes, workers will end up with smaller paychecks early next year.
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Fuel tax rate increase linked to 2016 law. A 2016 state law requires a steady stream of revenue to support the state's Transportation Trust Fund. The rule ...
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"I am wondering if the graduated tax is really beneficial to lower income people or are we just giving a blank check to them to raise taxes down the road?
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I read a critical tax scholar speaking about occupational segregation. You and I, Darrick, have been on a lot of panels. We've worked hard to try to ...
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SECURITY. The sales tax revenue bonds are payable from a first lien on 75% of the 1/2 cent BART sales and use tax ...
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This would set a minimum for corporate taxes, although it would allow a tax credit for taxes paid to other countries and would allow companies to carry ...
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Enact a capital gains tax holiday that eliminates capital gains taxes for a yet-to-be-identified period. Joe Biden: Remove the preference for capital gains ...
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July's sales tax data from the Mississippi Department of Revenue indicated continued promising figures for Monroe County's municipalities. Aberdeen ...
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Sponsors of a $12 billion a year hike in taxes on warehouses, office buildings, factories and other commercial property hope it's more. Proposition 15 ...
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If you run your own business, the tax deduction is going to be available," said D.C.-based tax attorney Raymond Quianzon. The new federal income tax ...
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"Remaining in Tax Table 7 is key to Gov. Reynolds' overall recovery strategy," Iowa Workforce Development Director Beth Townsend said in a statement.
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The tax relief is available for taxpayers in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual ...
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While tax season is months away, Rinehart said he has already received some questions from people. "I've had people ask, 'Since I work from home, ...
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Back from an extended summer recess, a group of influential Democratic lawmakers are rushing to raise taxes on California's wealthiest earners ...
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MADISON, Wis. — Wisconsin tax collections for the fiscal year that ended June 30, more than four months into the coronavirus pandemic, were nearly ...
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The LIHTCs or "tax credits" are authorized by Section 42 of the Internal Revenue Code and issued by the federal government to state and territorial ...
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A tax rate of 26.663 cents per $100 valuation would have generated no new revenue from property taxes, according to information from the county.
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Nashville residents will receive a property tax bill in the mail in early or mid-October. However, people can calculate your taxes on-line for free, right now, ...
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The Taylor Mill city commission met Monday afternoon to listen to a first reading of its tax rates ordinance. The commission agreed to accept the ...
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The actual value of the tax credit is based on jobs created and new payroll tax generated, as verified by the state. Ohio is competing with Indiana, ...
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For individuals, double taxation, having to pay taxes in two or more states on the same income, is possible because state rules differ so widely. In most ...
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It accounts now for about 25% of the total taxes that Hampton Township collects, Close said. "This has amounted to an average decrease in tax revenue ...
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More than $212,000 of that was due for the 2011 tax year. Prosecutors say Snyder took deductions that weren't allowed and endorsed outside client ...
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Rollingwood unanimously set its proposed ad valorem tax rate for fiscal 2020-21 at 24.2 cents per $100 valuation during the Aug. 26 City Council ...
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That's because the Trump administration has given employers the option to stop collecting payroll taxes through the end of this year. The windfall is ...
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If you're often fashionably late, this is one thing you want to be on time for: lodging your tax return. Although it's not common, the Australian Taxation ...
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In a 6-1 vote, the LISD board of trustees approved a property tax rate of $1.4184 per $100 valuation. The rate includes $0.9534 for the maintenance ...
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The Ohio Tax Credit Authority approved a 1.368 percent, eight-year job creation tax credit for automotive dealer Carvana to hire 400 people and ...
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But between now and its end, advisors have a rare opportunity to proactively engage our clients in tax and estate planning issues that will impact them ...
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The district began operating in 2000, funded by a system of fee assessments added to property tax bills, and has been renewed twice previously. Since ...
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LORDSTOWN — Attorney General Dave Yost said he was left "scratching his head in astonishment" over the Ohio Tax Credit Authority's decision to ...
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Seven states, meanwhile—including Florida, Texas, and Wyoming—don't levy a personal income tax at all. In the same vein, property taxes account for ...
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Income tax, VAT, and national insurance are the most likely targets for increases, Johnson said. "We have to raise taxes somehow," Mike Brewer, chief ...
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From today's Down in Alabama podcast: Somebody down at your City Hall probably has a whole new appreciation for the Simplified Sellers Use Tax.
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Usually, expenses like payroll, rent and utilities are deductible from normal taxable income, but without the deduction, a business may owe more taxes ...
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BATON ROUGE - As residents living in East Baton Rouge Parish continue to receive their property tax reassessments in the mail, they're learning ...
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New Jersey Governor Phil Murphy said he is "very seriously" considering a tax on high-volume electronic trading in the state, home to Wall Street's ...
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Arlington ISD will ask voters in November to OK a property tax rate hike of almost 9 cents per $100 of assessed value, as the school board has called ...
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The state has awarded a tax credit toward a public company's expansion expected to add 50 jobs near Rickenbacker International Airport. Forward Air ...
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Taxpayers in the Amarillo area can expect to pay more in property taxes during the upcoming fiscal year, thanks to local officials. But there's still time to ...
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The Certified Tax Representation Consultant designation requires applicants be a CPA, Enrolled Agent or attorney in good standing with the state board, ...
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The Colgate-Palmolive company will receive a job creation tax credit for an expansion of the plant. The company expects to create 24 full-time jobs worth ...
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--$578 million highway user tax revenue senior lien refunding bonds, series 2020B (federally taxable). In addition, Fitch has affirmed the following ...
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plus 50% of the SS benefits you received during the tax year, plus any ... If you file your income taxes as a single and your MAGI is more than $25,000 ...
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In 2017 I wrote a column proposing that the Bay Area should levy a 5% equity tax on new companies and create a sovereign wealth fund for the region ...
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WEB
KPMG report: Initial analysis of Notice 2020-65, guidance on employee payroll tax deferral
Payroll taxes generally include old-age, survivor, and disability insurance ... There is an additional 0.9% Medicare tax applicable to the employee's ...
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Treasury Guidance Issued on Employee Payroll Tax Deferral
Additionally, employers will need to continue withholding federal income tax as well as all state payroll taxes. Wages Defined. The payroll tax deferral ...
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Other Taxes
Tobacco Products Return · Tobacco Schedule (Excel spreadsheet) Effective 01/01/2020; Other Tobacco Products Tax Declaration Effective 01/02/ ...
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Cube Tax Service
Cube Tax Service. Austin Phone: 512-833-7856. Dallas Phone: 972-661-0334.
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IRS Payroll Tax Deferral Guidance Puts Load on Employers
- Only FICA taxes - the 6.2% portion of the federal payroll tax on employees - (and the Railroad Retirement equivalent) are deferred. Medicare taxes are ...
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Tax Return Forms
Employment Tax Increment Financing (ETIF) Note: This link is offsite. Pine Tree Development (PTDZ) Program · Additional Tax Relief. Other Taxes.
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Income/Estate Tax
The Income/Estate Tax Division administers multiple tax programs, as well as some Tax Relief programs. Popular Information. Individuals.
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Taxation - GrayRobinson, PA - A Florida Law Firm
The GrayRobinson tax group has extensive experience in virtually all aspects of the tax law, with a focus on the taxation of corporations, partnerships ...
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Treasury Department Issues Guidance on Payroll Tax Deferral
That memorandum allowed for the deferral of the employee portion of federal payroll taxes (6.2% for Social Security and 1.45% for Medicare) from ...
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Questions Remain After Treasury Guidance Implementing President Trump's Payroll Tax Deferral
Seyfarth Synopsis: On August 28, 2020, the Internal Revenue Service ("IRS") issued guidance (the "Guidance") to implement the payroll tax ...
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ACH Credit Method - Bank Verification
FOR ALL TAXES. US BANK, N.A. 10 West Broad Street 12th Floor (CN-OH-BD12) Columbus, Ohio 43215. RTN/ABA # 021052053. Bank Account # ...
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Tax on corporate transactions in Japan: overview
Domestic corporations are liable to pay taxes on all taxable income from domestic and foreign sources (Article 4, Corporation Tax Act (CTA)). A ...
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IRS Issues Guidance for Executive Order on Payroll Tax Deferral
"Applicable Taxes" are determined as the Applicable Wages times the FICA tax rate of 6.2%. For the amounts deferred under this Notice, the Affected ...
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Have Questions Regarding the Payroll Tax Deferral? So Do We...
As you have probably heard by now, there is a payroll tax deferral set to go into effect tomorrow, September 1, 2020. U.S. Treasury issued guidelines ...
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Payroll Tax Holiday Update
Briefly, the payroll tax holiday was intended to encourage employers to cease withholding taxes that are otherwise retained from an employee's ...
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4 Important Tax Considerations When Working Remotely Due to COVID-19
Your federal income taxes won't be impacted. However, for state taxes, income tax depends on where your remote office is based and where your ...
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Two North Carolina Tax Preparers Indicted for False Returns
According to the indictment, Karen Marie Jones owned Jones and Stone Taxes, a tax preparation business in Durham, North Carolina. From 2012 ...
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IRS Issues Guidance on President Trump's Payroll Tax Deferral Plan
For employees with bi-weekly wages less than $4,000, payroll taxes that would normally be due between September 1, 2020 and December 31, 2020, ...
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California Legislature Keeps Solar Property Tax Exemption through 2024
The bill protects the solar industry from a sudden change in the state's property tax that could occur with the passage of Proposition 15 in the ...
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Bearer-Friend & Williamson: Tax-Time Voter Registration
We conclude that various options are available for expanding voter registration through tax return filing, either at the federal or state level. Those ...
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IRS Issues Guidance Regarding Payroll Tax Deferral
In Notice 2020-65, the tax agency explains that applicable taxes not withheld during the deferment period must be paid between January 1, 2021, and ...
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AFIRE Tax & Regulatory Briefing: August 2020
The AFIRE Tax & Regulatory Briefing is a monthly newsletter with insights on the latest tax and regulatory issues for global instiutional investors.
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IRS Releases Guidance on Implementing September 1st Payroll Tax Deferral
The executive order does not affect the employee's share of Medicare tax or the employer's share of payroll taxes for such workers. The new guidance ...
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IRS Notice 2020-65 Employment Tax Relief in Response to the Ongoing Coronavirus Pandemic
If the total Applicable Taxes that were deferred are not paid by that date, interest, penalties, and additions to tax will begin to accrue on May 1, 2021, on ...
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Utica Tax Department
Tax Department. Village of Utica Tax Forms. Applicants must: 2019 Tax Return Front · 2019 Tax Return Back · Employer's Return of Tax Withheld · Tax ...
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Taxes on Purchases
Buyers may be charged with indirect taxes (such as Sales Tax, VAT or GST) depending on their residency, location and any applicable law, in addition ...
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Guidance Issued on Payroll Tax Deferral
The guidance basically says what we thought was going to happen – if you want to defer withholding the employee portion of your payroll taxes for a few ...
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IRS Issues Guidance on Deferral of Employee Tax Withholding
The Secretary of the Treasury is authorized under Section 7508A of the Internal Revenue Code to defer certain payroll tax obligations. No matter the size ...
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Unemployment Insurance Tax Rate Table Remains the Same for 2021
"Remaining in Tax Table 7 is key to Governor Reynolds' overall recovery strategy. Her decision will save Iowa employers over $400 million in ...
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IRS issues initial guidance on employee deferral of Social Security tax
Accordingly, the guidance states that interest, penalties, and additions to tax will begin to accrue on May 1, 2021, for any portion of the deferred taxes ...
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Tax Credit for EV Chargers
Did you know that there are tax credits for electric vehicle chargers too? You can get up to 30% of the cost of your charger, including installation costs, ...
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IRS Issues Guidelines to President's Payroll Tax Deferral Order
President Trump signed an executive order on August 8 calling for a deferral of employees' portion of the Social Security payroll tax from September 1 ...
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Des Moines Raises $38 Million With New One-Cent Sales Tax
DES MOINES, Iowa (AP) — Des Moines raised $38.1 million in the first year of a one-cent sales tax increase, but officials expect that to decline ...
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Bills / Cases / IRS
Code Section .01 Unearned Income of Minor Children Taxed as if Parent's Income ("Kiddie Tax"), 1(g) .02 Rehabilitation Expenditures Treated as
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IRS Issues Employee Payroll Tax Deferral Guidance
If the employer fails to repay any amount of deferred payroll taxes by May 1, 2021, then interest, penalties, and any applicable additions to tax begin to ...
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Legislative Update: Guidance Issued on Payroll Tax Deferral
3101(a) and Railroad Retirement Act Tier 1 tax under Sec. 3201. The due date for withholding and payment of these taxes is postponed until the ...
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A Quick Outline of the Biden Tax Proposals
As part of his campaign platform, Democratic Presidential nominee Joe Biden has released a tax plan that would significantly increase taxes on high ...
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International Tax Symposium In Honor Of Tim Edgar
Symposium, Re-Imagining Tax for the 21st Century: Inspired by the Scholarship of Tim Edgar (York University, Osgoode Hall Law School) (Vol. 67, No.
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Millions of taxpayers receive a tax refund interest payment
COVID Tax Tip 2020-111, August 31, 2020. In mid-August interest payments were sent to nearly 14 million individual taxpayers. People who got these ...
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Brazil's tax reform aims for a 'VAT-like' system
As part of a major tax reform, a new Brazil Bill aims to create an indirect tax, CBS, akin to a VAT system, to simplify its web of federal tax systems.
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