Thursday, February 27, 2020

Legislature approves bill to slow future occupational taxes

MONTGOMERY, Ala. - The Alabama State Senate on Thursday voted along party lines to give final approval to legislation slowing cities' ability to pass local occupational taxes.

The Senate debated the bill for more than three hours before passing it on a 27-7 vote. It now goes to Gov. Kay Ivey, whose office previously signaled support for it.

"It does not unduly restrict occupational taxes," Chambliss said on the Senate floor. "It simply gives those subjected to the tax a vote."

Publisher: https://www.wbrc.com
Date: 2020-02-27T23:35:20.515Z
Twitter: @WBRCnews
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In case you are keeping track:

Massena residents would pay slightly less in library taxes under new proposal | NorthCountryNow

MASSENA -- Massena residents would pay slightly less in library taxes under the Massena Public Library's proposal to receive their taxes through the school district, according to library trustees.

Massena Public Library trustees at the Wednesday, Feb. 26 Town Council meeting gave a public presentation on what exactly they are proposing, and what initial taxes would look like under their plan.

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Struggling to file your taxes? Get your questions answered

DETROIT – Tax season is underway. If you're struggling to start filing your taxes because you have questions there is help.

Experts with the Michigan Association of Certified Public Accountants are here to answer questions.

Publisher: WDIV
Date: 2020-02-27T21:24:35.423Z
Author: Hank Winchester
Twitter: @WDIV
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B-SB officials: Paying late taxes now can save you big money | Local | mtstandard.com

Butte-Silver Bow officials are encouraging people who are three years behind in property taxes to redeem their 2016 tax liens by 5 p.m. Friday, before more added expenses kick in.

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"Do not be afraid to contact us," said Treasurer Lori Baker-Patrick. "We are not here to crucify or judge and we don't want your property. We want you to redeem your property.

People with 2016 tax liens can clear them from a tax deed list by coming to the Treasurer's Office on the second floor of the courthouse by Friday and paying the first half of their 2019 property taxes and the delinquent 2016 tax year.

Publisher: Montana Standard
Date: 106560791A6200A80BCECBE5E23A2EA2
Author: Montana Standard staff
Twitter: @MontanaStandard
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In case you are keeping track:

Money Matters: Common tax questions

Nevertheless, different clients often have the same questions over and over. Here are a few of the most common to consider:

If I take a certain deduction, will I be audited? The IRS uses a discriminate information function (DIF) system to determine which returns to audit. If the information on the return doesn't make sense, the return will be flagged. The return then may or may not be chosen for audit. If a deduction is legitimate and supported by evidence, then there should be no worries as to whether or not an audit is on the horizon.

Publisher: WMUR
Date: 2020-02-27T21:00:00Z
Author: Marc Hebert
Twitter: @WMUR9
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Sanders offers bill taking aim at tax breaks for executive retirement plans | TheHill

"It is outrageous that a corporate executive in America can get unlimited, special tax privileges on hundreds of millions of dollars in savings, while an ordinary worker can only get tax deferment of up to $19,500 on a 401(k)," Sanders said in a statement released by his Senate office. "We are going to end these tax breaks for CEOs and use that money to protect 1.7 million workers who are worried about a decent retirement as they face instability in their current pension plans."

Publisher: TheHill
Date: 2020-02-27T12:21:02-05:00
Author: Naomi Jagoda
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State seizes downtown burger joint for nonpayment of taxes – Lowell Sun

LOWELL — In what the owner described as a “temporary setback,” the Lowell Burger Company was seized by the Department of Revenue for the nonpayment of taxes on Wednesday.

Owner Nick Speros said he hopes to reopen the downtown restaurant that serves upscale burgers this weekend, possibly as soon as Friday.

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Lowell Burger Co., which is owned by Speros and Company Inc., owes $46,412 in back taxes, according to the Department of Revenue. Speros said the business paid payroll taxes in 2019 and the sum owed is from meals taxes. He referred to the issue as a “clerical error.”

Publisher: Lowell Sun
Date: 2020-02-27T20:49:39 00:00
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Baker cool to House transportation tax increase - The Boston Globe

A day after Massachusetts House leaders released a transportation funding plan that raises taxes and fees, Governor Charlie Baker expressed dismay about the bill and defended his own transportation financing plan. He argued his proposal would result in greater investment in the MBTA and other transportation projects, without raising taxes on gasoline or businesses.

Democratic House leaders on Wednesday unveiled two transportation bills: one raising up to $622 million a year through a combination of increases to the gas tax, Uber and Lyft fees, and corporate taxes; another authorizing $14.5 billion in borrowing to fund projects including rail expansions, transit modernization, and various road and bridge improvements.

Publisher: BostonGlobe.com
Twitter: @BostonGlobe
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