Other things to check out:
Why Does Planned Parenthood Get to Avoid Paying Taxes? | RealClearPolitics
Taxes impact health care providers. For example, the National Conference of State Legislators notes that a "provider tax,” sometimes termed a "fee" or "assessment," authorizes collecting revenue from specified categories of providers.
Operating with more than half-a-billion dollars in taxpayer funds and tax-free status gives Planned Parenthood incredible room to maneuver politically.
California Tax Credit Allocation Committee Amends Regulations Implementing Low Income Housing Tax
The California Tax Credit Allocation Committee Jan. 3 amended regulations on the federal and state low-income housing individual income and corporate income tax credit programs. The regulations took effect Nov. 23, 2019. [Cal. Tax Credit Allocation Comm., Regs. Sections 10305 et al., 01/03/20 Cal. Regulatory Notice Reg.]
House Republican proposes using tax code to combat climate change
Republican Rep. Tom Reed will unveil a bipartisan bill Wednesday to provide federal tax subsidies for "first-of-a-kind" clean energy technologies for combating climate change.
"We are putting our thumb on the scale to encourage energy innovation through the tax code," Reed, a centrist from New York, told the Washington Examiner in an exclusive preview of his bill.
Many Republicans have supported providing tax subsidies for renewable energy, but the party has mostly focused on increasing research and development spending to address climate change. Reed's legislation would go beyond what other Republicans have proposed.
Not to change the topic here:
IRS Prop. Reg.: Comments Submitted on Donor Disclosure Regulations (IRC §6033)
Public comments released January 8 on REG-102508-16 that would update information reporting regulations under tax code Section 6033 that are generally applicable to organizations exempt from tax under Section 501(a) to reflect statutory amendments and reporting relief announced through IRS guidance that have been made since the current regulations were adopted, particularly with respect to tax-exempt organizations required to file an annual Form 990, Return of Organization Exempt From
TaxBit Raises $5 Million in Funding to Automate Cryptocurrency Tax Compliance
Commonly Referred to as the Turbotax of Crypto, TaxBit Automates Cryptocurrency Taxes for Crypto Users, Exchanges, Merchants
The IRS has been vocal as to properly reporting cryptocurrency taxes. This past summer, the IRS sent out tens of thousands of audit notices to US cryptocurrency traders, followed by releasing new cryptocurrency tax guidance in the fall. To top it all off, the IRS included a new question on its 2019 tax return form which requires all US taxpayers to attest whether they acquired, sold, or exchanged cryptocurrency at any point during the taxable year.
Treasury And IRS Release Final And Proposed Foreign Tax Credit Regulations - Tax - United States
On December 2, 2019, Treasury and the IRS released final and proposed regulations on the foreign tax credit. As expected, the final regulations finalize the 2018 proposed regulations relating mainly to the Tax Cuts and Jobs Act (TCJA) statutory changes and expense apportionment. (For a discussion of the 2018 proposed regulations, see our December 2018 article .
The new proposed regulations, on the other hand, would make significant changes to existing regulatory rules, including new rules for the allocation and apportionment of R&E and stewardship expenses, and for assigning foreign income taxes to different income groups for various purposes. These rules will take on increased importance in the post TCJA tax environment.
Trump threatens a crushing wine tax – Orange County Register
We are always flummoxed by Republicans, who rightly decry the willingness of Democrats to raise taxes and regulate business – but then embrace aggressive tariff policies that are nothing more than particularly severe tax boosts and regulations on domestic businesses and consumers.
For instance, the Trump administration is now involved in a trade war with the European Union over its subsidies to European aircraft manufacturer Airbus and taxes that France is imposing on U.S. tech companies. In retaliation, the United States is considering a 100 percent tariff on European wines imported to the United States, which come on top of some 25-percent tariffs the administration approved in October.
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