Tuesday, November 10, 2020

Google Alert - tax

Google
tax
Daily update November 10, 2020
NEWS
If you are a solopreneur looking for a simple system for your business taxes and write-offs, these simple tips can help. So put on your tax strategist hat ...
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Tax professionals will need to perform proactive tax planning to not just determine what amount of taxes will be due for estimated payments, but how to ...
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Representation, Now Taxation. Biden will inherit a tax system rigged to deepen inequality. He'll need corporate America's help to fix it. By ...
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It would cut taxes for low- and moderate-income households by about $1 trillion, mostly by creating or expanding tax credits, and it would raise taxes on ...
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Impact Athletic Center is seeking tax incentives through the Saratoga County Industrial Development Agency. If the IDA approves the request, the athletic ...
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Tax credits were created by the government to incentivize investment in areas such as renewable energy, historic rehabilitation and affordable housing ...
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Several Democratic states voted to reject higher taxes while one Republican state voted in an income tax hike. FOX Business' Gerri Willis with more. Tax ...
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A. There are many reasons why it may be more advantageous for a couple — separated or not — to file taxes separately. Bernie Kiely, a certified ...
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The city says voters approved a one-cent sales tax that will help pay for basic services such as fire, wildfire and public health emergency preparedness, ...
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South Williamsport Borough Council adopted a $2.59 million 2021 budget Monday night that holds the line on any new property tax increases. The fire ...
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President-elect Joe Biden's tax plan is on life support even before he takes office, and his chances of raising taxes on businesses and high-income ...
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Revenues include $4.41 million in real estate tax, $4.2 million in earned income/local services taxes, $1.4 million in intergovernmental funds such as ...
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Says the tax has an unclear motive, is legally uncertain and has negative effects on growth, jobs as well as competition; In addition, the tax is likely to ...
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Chemung County residents won't have to worry about a property tax ... to hold the line on taxes, the spending plan will also mean cutbacks in staff, ...
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The first tax increment would be expected with the 2023 summer and winter taxes. The term of the brownfield plan was up to 30 years. Officials said it ...
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Scammers often target taxpayers by asking them to pay a fake tax bill with gift cards. They may also use a compromised email account to send emails ...
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Under the plan coming to the City Council Nov. 10, councilmembers propose using the $30 million in tax revenue to create new properties for low- and ...
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The Master Plan goes on to state that residential taxes account for 93% of Marion's tax base. Residential properties are 37% of the Town's land use, thus ...
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Republican Gov. Larry Hogan vetoed the tax, setting up a battle over whether the Democratic-led legislature will override the veto when its next ...
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... funds to millions of small business owners through its loan programs, as well as payroll tax credits for the most significantly affected employers.
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The Internal Revenue Service is rolling out new systems and expanding the number of forms that can be electronically filed by tax-exempt ...
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The cap doesn't apply to businesses that pay the corporate income tax, which can deduct all of their state taxes just as they did before the 2017 law. But ...
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At the center of the case is tax code Section 280E, which says that a business that consists of trafficking in a Schedule I or II controlled substance can't ...
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In NFIB, the court ultimately interpreted Section 5000A as creating a tax and not a regulatory command and penalty. In the ACA litigation leading up to ...
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Higher tax rates from 2021 onward could make it more efficient for companies to accelerate certain income and delay using tax deductions or credits, ...
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For-profit MacNeal Hospital paid Berwyn about $1.2 in annual tax revenue, but non-profit Loyola pays no property taxes. As with all exemptions, the $1.2 ...
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Tax increment grants use a portion of additional property tax revenue, either 45% or 90%, to pay for roads, sidewalks, streetscapes, public parking, ...
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The National Association of Realtors Chief Economist Lawrence Yun told HousingWire that the $15,000 tax credit is good news since it can go a long ...
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Goodwill Industries of Northern Illinois is in need of volunteers for its Good-taxes program. This is the 12th year of free tax preparation for low to ...
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Communities use tax increment financing as an incentive to spur economic development. New property tax revenue generated from TIF districts can be ...
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On Tax Analysts' 50th anniversary, CEO and President Cara Griffith reflects on the organization's history as a longtime transparency advocate and ...
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"Working remotely can have tax implications that vary from state to state," said Eileen Sherr, CPA, AICPA's director for tax policy and advocacy and a ...
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So I explore ways to maximize their tax-deferral benefits. I explain the concept of the exclusion ratio and how it relates to the taxation of fixed annuities. I ...
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Second, it would raise the price of meat so that people would consume less of it, thus further disincentivizing the producer — hence the label "meat tax.
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The city council Monday night approved a preliminary tax levy in which the government expects to collect about $20.645 million for city operations and ...
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The Wyoming School Board Association (WSBA) have proposed a one-penny sales tax that would generate revenues for the state's School Foundation ...
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The city of Rock Island is proposing a tax rate of $2.92, amounting to a 6.24% increase in its 2021 budget for the city's portion of property taxes.
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The Illinois Truth in Taxation Act requires governing bodies of municipalities to hold a Truth in Taxation public hearing if the proposed property tax levy ...
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"When it comes to tax returns, the retention period is generally three years for the forms and all the supporting documentation which could be ...
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But what about taxes? If you sell your main home for a healthy profit, the federal income tax home-sale gain exclusion can be one of the most valuable ...
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The audit rate is not the only factor impacting tax compliance. The form of the audit also matters. Once upon a time an audit meant meeting with an IRS ...
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Out-of-state retailers that aren't registered to collect and remit Kansas sales tax could soon be hearing from the Kansas Department of Revenue.
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The California Department of Tax and Fee Administration (CDTFA) is being sued for "crushing thousands of small business owners" by holding ...
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Good recordkeeping is also an important part of tax planning and makes it easier to pay quarterly estimated taxes, for example, or prepare tax returns the ...
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Shipping Executive Caught In Sotheby's Tax Scam. November 9, 2020 by Reuters. The Bean. Among the purchases ...
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In turn, the Common Council reached an agreement over the months-long budget negoation process to slightly increase property taxes, while thinning ...
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What happened: By unanimous vote, council approved a proposed budget for 2021 with no tax increase, with taxes remaining at 4.6 mills. Members ...
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While cutting income taxes, voters approved a new payroll tax to cover a paid family leave program. Employees making around $50,000 a year will pay ...
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A timeshare tax would make the system more equitable, the report states, as many timeshare users do not pay taxes on their timeshare lodging, but ...
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WEB
IRS Releases 2021 Income Tax Brackets
The tax rates didn't change, but the tax bracket income ranges for the 2021 tax year are adjusted to account for inflation. These rates are in effect for ...
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How Biden's declared victory will affect tax and trade globally
Biden has promised not to raise taxes for anyone earning below US$400,000 a year.7. Proposed tax increases that would be imposed on wealthy ...
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Responsible Tax
The global reality of tax demands both global conversation and action. As the world continues to interconnect, discussions continue to intensify.
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Ring in the New Year with Tax Planning Ideas for Individuals
Despite uncertianty regarding possible tax law changes in 2021, it's wise to review your wills, gifting strategies, and beneficiaries.
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California Voters Approve New Marijuana Tax Measures
Most of them authorize taxes on cultivation, retail, distribution and/or delivery. The approval of new taxes on cannabis is a welcome sign for the industry ...
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Meet Our Team
Intelligent Tax Solutions is a full service tax, accounting and business located at the National Harbor in Oxon Hill, MD, Forestville & Clinton, MD.
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Tax Preparation Assistance - Tax Forms
Tax Preparation Assistance – Tax Forms. Need help searching? Click here for categories. Please enter your Zip code for the most useful search ...
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Beyond Just Filing Returns: Tax Consideration for Pro Athletes
No one that works in this industry can turn a blind eye to their tax burden. It is something that must be constantly monitored by an accountant with ...
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State Tax Revenues Up 1.8% in October
The State of Georgia's net tax collections in October totaled nearly $2.02 billion, for an increase of $35.2 million, or 1.8 percent, compared to last year ...
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Online Payment Tax Search | Milton Township
This service allows you to make a tax bill payment for a specific property within your Municipality. To begin, please enter the appropriate information in ...
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Crystal Lake Man Pleads Guilty to Tax Fraud
ROCKFORD — A Crystal Lake, Ill., resident pleaded guilty today before U.S. District Judge Iain D. Johnston to federal income tax evasion. GARY T.
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Transient Lodging Tax Grants
Transient Lodging Tax Grants. The TLT Committee meets each year in July to assess the grant requests for the TLT funds available for that year, ...
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Georgia HEART Gives Taxpayers Opportunity to Earn Tax Credit When Supporting Southeast ...
You have to pay taxes, but do you know what your tax dollars are used for? It's your money, and whether you're taxed $50 or $50,000, you should ...
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Let a Sleeping Tax Lie
The Stock Transfer Tax in New York. New York's STT, a type of a financial transaction tax (FTT) levied on the trade of stocks, originally took effect in 1905 ...
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The Tax Impact of Business Property Remediation
If your company faces the need to "remediate" or clean up environmental contamination, the money you spend can be tax-deductible as ordinary and ...
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What You Need to Know! President-Elect Biden's Tax Plan
Now that U.S. President-Elect Joe Biden has been named, many people may be wondering what his tax plan looks like and whether there is anything ...
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Year-end Individual Tax Planning Strategies | The Impacts of COVID-19
View some year-end individual tax planning strategies you may want to consider implementing to maximize your tax savings this year.
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Are you responsible for paying Earnings Tax?
Philadelphia resident with taxable income who doesn't have the City Wage Tax withheld from your paycheck. A non-resident who works in Philadelphia ...
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December 2020 Tax Bills due 12/15/2020
The second and final tax bill for the tax year of April 1, 2020 - March 31, 2021 was mailed on November 10, 2019 and has a due date of December 15, ...
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IRS Highlights New Policies to Aid Those with Existing Tax Debts
"[B]alance the relief against the need to uphold the nation's tax laws," including to maintain resources to manage "complex cases and egregious non- ...
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Do You Want to Withdraw Cash From Your Closely Held Corporation at a Low Tax Cost?
However, a dividend distribution isn't tax-efficient, since it's taxable to you to the extent of your corporation's "earnings and profits." And it's not deductible ...
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Webinar: Year-End Tax Strategies for Businesses
Learn about the latest in federal, state and local income tax laws impacting business owners, as well as international tax issues.
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