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... for taxing online sales that would otherwise go untaxed. Changes could be coming, at least in part, because of Amazon's acquisition of Whole Foods and how that could affect Amazon's collection of taxes on sales to Alabama customers. The Legislature created the Simplified Sellers Use Tax in 2015.

Before the recent tax code overhaul, the company would've paid $78.6 billion in taxes if it brought the money home, according to the Institute on taxation and Economic Policy. Apple didn't want to pay this tax, so it let the cash sit offshore for years. In the meantime, Apple and its peers have been working ...
With the new year bringing a new tax season, Military OneSource has launched its free tax software to support military members and their families in the annual task of filing. The Miltax software is available through the Military OneSource website, and walks military families through a variety of filing ...
One business columnist is so disappointed in the Republican tax overhaul, that he's been on a quest for creative ways to reduce his tax bill. "If we had anything like a fair and rational and reasonable procedure, I probably would not aggressively be out cutting my taxes," said Allan Sloan, a Washington Post ...
Then Mexico enacted a substantial tax in 2014, and it started a trend. Soda taxes now exist in India, the United Arab Emirates and Saudi Arabia. A tax will go into effect this year or next year in South Africa, Britain and Ireland. In the United States, Philadelphia, Oakland, San Francisco and Seattle are among ...

January 18, 2018 San Francisco--Apple is planning to build a new corporate campus and hire 20,000 American workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated $245 billion back to its home country. The pledge announced Wednesday comes less ...
That said, if you wind up needing more time than that to complete your tax return, you can request an extension by the filing deadline, which will buy you an extra six months to get your taxes in order. You don't need a particularly compelling reason to get that extension -- you just need to request one in time ...
A man directs people to the Liberty tax Service office as the deadline to file taxes. Getty Images. Tax season kicks off Jan. 23. Are you ready? While you wait for key documents such as your W-2s and 1099s to arrive, start thinking about how you'll file. If you want to go the do-it-yourself route, there are plenty ...
Released Wednesday, the draft circular from the Israel tax Authority proposes imposing a value-added tax (VAT) on ICOs, differentiating them into two types: service ... investors who sell the tokens they had already purchased from an ICO would be subject to taxation as well, the circular explained.
The Tennessee Department of Revenue and Airbnb have reached an agreement that will allow the online-based hospitality company to collect and remit sales taxes on behalf of everyone in the Volunteer State who rents out their properties through Airbnb. Currently, the state's 7,700 registered Airbnb hosts ...
workers who venture into the world of side hustles or gig jobs might get an unwelcome surprise when they file their tax returns: an unexpected tax penalty. Independent workers -- those who don't have taxes withheld by an employer -- should be paying estimated taxes. Yet a recent survey showed the ...
The wage base limit for 2018 is $128,400, meaning the most you'd pay for the Social Security portion of self-employment tax this year is 12.4% of $128,400, or $15,921.60. However, total self-employment taxes could be higher than that amount because of the 2.9% that goes toward the Medicare portion.
The fact that IRS Commissioner David Kautter is a temporary political appointee, not confirmed by the Senate, has fed these suspicions. "We oppose any attempts by the administration to systematically under-withhold income taxes during the 2018 tax year, knowing that in 2019 taxpayers may find they owe ...
The plans target possible major changes to the state's system of collecting income taxes. The plan by the agency -- important because it's a Cuomo-run department that oversees tax laws -- suggests that state and local governments could create new charities to accept donations for government services.
A lack of information from the government leaves many cryptocurrency investors in the dark on tax matters. The American Institute of Certified Public ... In 2014, the Internal Revenue Service issued guidance on how taxation should be applied to virtual currencies. For one, the government decided it was not ...
The World Health Organization has looked at the Hungary tax, and found that junk food consumption decreased both because of the price increase and also the educational campaigns around the tax -- an effect also seen with soda taxes. "consumers of unhealthy food products responded to the tax by ...

Q. How does the new tax legislation affect current "Income with Respect to a Decedent," or IRD, with respect to offsetting taxes on an inherited IRA. I'm the beneficiary of my late brother's IRA, approaching year three of the five-year distribution, and I still have about $600,000 if the offset remaining.
taxes may be inevitable, but they're not fixed. Case in point: The Keep Fort Collins Great sales tax. The once-stopgap tax has seemingly become a vital piece of Fort Collins' funding puzzle for police, fire and streets. But it's set to expire at the end of 2020 and the City Council is debating what should happen ...
OLYMPIA -- Counties could parlay a sliver of sales tax into a mound of dollars for affordable housing under a bill drawn up by an Everett lawmaker. The legislation sponsored by Rep. June Robinson, D-Everett, would make it possible for each county to receive a share of the tax collected by the state from ...
Cleveland, Ohio - Cleveland Heights, which has one of the highest property tax rates in Cuyahoga County, is actually closer to the middle of the pack when examining what a typical homeowner pays. The same goes for other places with some of the highest rates, a cleveland.com analysis found. And in ...
There's a maximum amount of wages against which the government collects Social Security payroll tax. That amount goes up during most years, adjusting for increases in the overall average wage. For 2018, the wage base for Social Security taxation is $128,400. That means that the maximum amount of ...
The tax reform bill that just became law late last year won't show up on your tax returns until you file in 2019. But workers are about to see the immediate impact of the bill in their paychecks, because the IRS just released its new withholding tables for 2018 that take tax reform into account. Calculating ...
For millions of Americans, the beginning of the year means that tax time is right around the corner, and the majority of households will be receiving a tax refund. tax season starts a little later this year than in recent years, but Americans who file their returns electronically and choose to have their refund ...
"Of the thousands of people I've talked to, not one has said 'Cut my income taxes.' Not one," said Sen. Steve Erdman of Bayard, who has introduced his own bill to provide $1 billion in property tax savings. Smith argued that Nebraska needs to lower income tax rates to remain economically competitive with ...
Advocates for Orange County children are pushing for an independent council that could collect property taxes to fund youth programs -- from early-learning for toddlers to support for kids who are mentally ill, homeless, neglected or abused. Despite discussions on the idea for at least a decade, Orange is ...
It's true that personal income taxes are going down for many Americans. the White House has said that 90% of wage earners will likely take home more money as soon as February. But it would be tough for those gains to offset the huge savings companies are guaranteed. The tax cuts are "skewed toward ...
While you have until April 17 to get your tax return in, there are two good reasons to file as soon as you can. In addition to getting your tax refund into ... However, the point is that you shouldn't drag your feet when it comes to filing your taxes, especially if you're due a refund. Once you have the necessary ...
Total mil rates -- a combination of municipal, county, school, and other taxes -- were down from the previous year in every taxing jurisdiction except the city of La Crosse, where school, county and WTC levies grew at a faster rate than the tax base. Local tax rates were up in only five of the county's ...
That's according to a recent report by the nonpartisan Institute on taxation and Economic Policy. ... Now, with the new tax law capping deductions of state and local income taxes at $10,000, a large donation that generates both a 100 percent state tax credit and a federal charitable income tax deduction is ...
Meanwhile, extending the Bush tax cuts came in at 35 cents for every revenue dollar lost, and cutting corporate taxes came in at just 32 cents. ... one in which a company's foreign and domestic earnings alike are taxed, to a territorial corporate taxation system, in which just domestic earnings are taxed.
It's important to carefully choose who prepares your tax returns -- because regardless of who does it for you, you are ultimately responsible for the contents of your return. While a fraudulent tax preparer would be on the hook for illegal actions, you could owe back taxes, penalties and interest for filing an ...
Some of the research also recommended a graduated taxation strategy, where the tax increases as the nutritional quality of the food decreases (for instance, ... Similarly, local U.S. junk food tax bills and laws, international junk food laws, and U.S. soda taxes supported taxing foods using category-based, ...
President Donald Trump repeated an earlier call for an internet tax, in a thinly veiled shot at Amazon's Jeff Bezos, who owns The Washington Post. "The internet -- they're going to have to start paying sales tax because it's very unfair what's happening to our retailers all over the country that are put out of ...
WASHINGTON -- Taking the first concrete step toward the Republican tax plan's promise of fatter paychecks for millions, the Trump Administration on Thursday issued new guidelines for how much employers should withhold as taxes from workers' pay. The Internal Revenue Service published the new ...
The report, which is based primarily on an interview with the department's top tax expert, James Mackie, said that Mr. Mackie appeared to agree with Joint Committee on taxation analysis that showed the Senate's version of the legislation would add $1 trillion to the deficit over a decade, even when ...
You should take a look your withholding to make sure you're deducting the correct amount of taxes under the new legislation. "You don't want a big refund, where you're giving an interest-free loan to the government," said Melissa Labant, director of tax policy and advocacy at the American Institute of ...
It's expected that some Americans, though it's impossible to know how many, will start seeing larger take-home pay from their paychecks in February 2018 as less money is withheld for taxes as a result of the law. Meanwhile, it's expected that about 60 percent of households will see tax cuts of at least ...
State and federal taxes on tobacco and alcohol have helped reduce consumption; local governments are simply assuming a soda tax will work in the same way. The idea is that making soda cost more will encourage consumers to drink less of it. But that only happens if retailers pass along the added cost to ...
Hempstead Town tax Receiver Donald Clavin says he will ask the state to reimburse his office for costs incurred when Long Islanders rushed last month to prepay their 2018 property taxes. Clavin said the additional costs, which included computer programming, overtime, printing and security, could be ...
Tech giants are often criticised for using complex tax loopholes to bank more of their profits than arguably they should, but occasionally the authorities do manage to find fault in their accounts. Following "an extensive audit" of Apple's books, HM Revenue & Customs scored itself an additional £136 million in ...
The tax Cuts and jobs Act offers a 20 percent deduction for qualified business income from so-called pass-through entities, which include S Corporations and limited liability companies. Under the "old" tax code, income from these small businesses would "pass-through" to the owner on her own taxes and ...
Under the new tax law, Gilman said she'll pay nearly 20 percent more after taking a hit on state and local taxes and mortgage interest deductions. She knows how it sounds when she complains. "So a few snooty elites in New York and San Francisco have to pay more taxes," she whines, mimicking a ...
No legislator could also name any revenue bills that might be introduced, and they all said additional taxes to cigarettes would not be pushed for this year. In general, the legislators in the tax panel were optimistic about the upcoming session because they are not heading into it with a budget crisis hanging ...
... tax withholding would be $70.3 million. That is just the amount withheld up front; the final tax burden is likely to be even higher. Yet the winner has an extra bit of luck: Florida does not have a state income tax. Compared to other states' rates, that's a savings of up to $24.8 million in taxes withheld up front.
That would allow them to claim a charitable deduction on federal taxes. "Our hard-earned tax dollars should not be subject to double-taxation, especially not to line the pockets of the Trump family, hedge fund managers and private jet owners," de Leon said in a statement. Another Democrat, New Jersey ...
During the first five months of 2017, more than 100,000 people received unwelcome news: Someone else had filed a tax return using their name and Social Security number. fraudulent tax returns have been declining in recent years thanks to enhanced security measures deployed by the government.
The bill has spurred a number of U.S. companies to announce one-time bonuses or an increase in their minimum hourly pay. A new corporate tax incentive could lead more companies to provide pay for family leave. Some corporate tax deductions are disappearing that could affect your fringe benefits.
Under the plan, Californians would make a "charitable donation" to the California Excellence Fund, which would give taxpayers dollar-for-dollar state tax credit. Taxpayers would use the credits to get out of paying SALT taxes, rendering the $10,000 cap on SALT deductions in the new tax law moot.
You can also still save on your 2017 taxes if you make an IRA contribution by April 17. Other than that, the opportunities to save this filing season are limited. "It would be challenging at this point to be able to make some kind of payment and get a benefit in 2017," said Melissa Labant, director of tax policy ...


 

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