News
How the IRS just squashed attempts by New York, New Jersey to work around tax-deduction limit
Source: lohud.com - Jun 13, 2019 The IRS on Tuesday squashed attempts by New York and New Jersey to circumvent the federal cap on the deductibility of state and local taxes, issuing final regulations that bar governments from... Read more > Category: General Business |
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IRS reminder: Get tax withholding right; do a Paycheck Checkup at least once every year
Source: irs.gov - Jun 12, 2019 IR-2019-108, June 11, 2019 WASHINGTON — The Internal Revenue Service today urged taxpayers to review their 2019 tax withholding using the IRS Withholding Calculator and make any changes with... Read more > Category: General Business |
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IRS Warns About New Variations On Long-Running Tax Scams
Source: forbes.com - Jun 12, 2019 It may be summertime, but that doesn’t mean that scammers are on vacation. The Internal Revenue Service (IRS) is encouraging taxpayers to be on the lookout for a “surge of evolving phishing... Read more > Category: General Business |
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Four ways to get the most out of your 529 college savings plan
Source: cnbc.com - Jun 10, 2019 Tax-favored 529 savings plans allow families to manage the cost of higher education, yet few people understand how they operate. May 29 marks 529 College Savings Plan Day, shining a spotlight on a... Read more > Category: General Business |
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How to reduce your tax bill if you're self-employed
Source: lancasteronline.com - Jun 10, 2019 Whether you do contract work or have your own small business, tax deductions for the self-employed can add up to substantial tax savings. With self-employment comes freedom, responsibility, and a... Read more > Category: General Business |
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Warning: College Scholarships May be Subject to Income Tax
Source: blackenterprise.com - Jun 10, 2019 Did you or someone you know receive a scholarship? Congratulations! Now, double check the details of your scholarship proceeds to ensure it doesn’t turn into a major tax liability later. The Tax... Read more > Category: General Business |
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Bill to ask voters to allow tax relief for New Orleans property owners clears Legislature
Source: theadvocate.com - Jun 7, 2019 New Orleans residents who are tired of seeing their property taxes rise might want to pay attention to the Oct. 12 ballot. The Legislature has agreed to allow voters statewide to decide whether to... Read more > Category: General Business |
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Alberta Repealed Its Carbon Tax. What Now?
Source: forbes.com - Jun 7, 2019 Alberta repealed its highly controversial provincial carbon tax this week, and so it is a good moment to think about what this may portend for pricing carbon more generally. In many areas of law,... Read more > Category: General Business |
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AOC, Warren closer to goal of IRS doing your taxes for you
Source: foxbusiness.com - Jun 7, 2019 Massachusetts Democratic Opens a New Window. Sen. Elizabeth Warren and New York Democratic Rep. Alexandria Ocasio-Cortez might be one step closer to their wish that, one day, the IRS will fill out... Read more > Category: General Business |
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Nina Olson: The Softer Side of the IRS
Source: kiplinger.com - Jun 7, 2019 Since 2001, Nina Olson, the IRS’s national taxpayer advocate, has been on a mission: to make sure taxpayers’ rights are protected when they’re up against a government agency that many... Read more > Category: General Business |
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Lawmakers back excluding medical marijuana from sales taxes, redirecting fees to disabled
Source: theadvocate.com - Jun 6, 2019 Lawmakers have backed several changes to the state’s taxes and fees on medical marijuana, passing a bill that excludes the drug from sales taxes and redirects fees to disability services. The... Read more > Category: General Business |
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Understanding the taxes you owe when buying a home
Source: washingtonpost.com - Jun 6, 2019 Q: I am trying to find out about the real estate taxes on the home I bought just about two years ago. How much of the taxes am I responsible for since I purchased the home? A: Well, to put it... Read more > Category: General Business |
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Shakira appears before Spanish judge in $16.4 million tax evasion case
Source: cbsnews.com - Jun 6, 2019 Shakira's public relations firm says the Colombian pop musician has denied any wrongdoing when she testified before a judge as part of an investigation into her alleged tax evasion in Spain.... Read more > Category: General Business |
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MAYOR CANTRELL ANNOUNCES ‘AMNESTY LATE FEE FORGIVENESS’ PLAN TO CLEAR SOME PAST-DUE ACCOUNTS
Source: nola.gov - Jun 6, 2019 NEW ORLEANS – Mayor LaToya Cantrell and the City of New Orleans’ Department of Finance, today announced the launch of the three-month Amnesty Late Fee Forgiveness Program for residents to take... Read more > Category: General Business |
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Bookkeeper admits to helping CT restaurant owner evade taxes
Source: ctpost.com - Jun 5, 2019 A bookkeeper, and New York resident, pleaded guilty Tuesday for her role in helping a Connecticut restaurant owner evade federal taxes, the state Department of Justice said. Idalecia Lopes Santos,... Read more > Category: General Business |