Saturday, March 28, 2020

The stimulus bill includes a tax break for the 1% (opinion) - CNN

Publisher: CNN
Date: 2020-03-28T18:45:51Z
Author: Opinion by Ed McCaffery
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Not to change the topic here:

NJ losing millions in taxes, fees from closed Atlantic City casinos | Casinos & Tourism |

ATLANTIC CITY — A two-month shutdown of the state's casino industry will lead to $1.1 billio…

ATLANTIC CITY — Gov. Phil Murphy ordered the closure of the city's nine casinos, effective M…

ATLANTIC CITY — Gaming revenue for the resort's nine casino properties increased more than 1…

ATLANTIC CITY — After years of costly tax appeals and the resulting removal of casino proper…

ATLANTIC CITY — Hard Rock Hotel & Casino executives challenged their staff to up their g…

Publisher: Press of Atlantic City
Date: 4549DCFC6F3671878A7A8446161511CE
Twitter: @thepressofac
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Wealthy real estate developers like Trump score a huge tax break in the stimulus bill - CNN
Publisher: CNN
Date: 2020-03-27T16:20:02Z
Author: Paul R La Monica CNN Business
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Virginians must pay state taxes by June 1 despite delay in federal tax deadline to July 15 - The

The federal tax filing deadline was extended to July 15 to help residents who may be impacted by the coronavirus outbreak, but tax preparers in Virginia want the public to realize one important detail: The state hasn't changed its filing deadline.

Virginia taxes should still be filed by May 1. Tax payments have been delayed until June 1 , but it is best to pay by May 1 because that is when interest starts accruing.

Publisher: pilotonline.com
Date: 5BD4D8882CFBE697785FCAC5BBA5F612
Author: Alissa Skelton
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Many things are taking place:

New Yorkers have until July 15 to file state returns, Cuomo confirms

Individuals filing a New York tax return now have until July 15 to get their paperwork in, said Gov. Andrew Cuomo during a press conference on Saturday.

This move brings the state's tax due date in line with the newly extended deadline for federal tax returns. The U.S. Treasury recently announced it would give filers more time amid disruptions related to the coronavirus outbreak.

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"It's bad news for the state of New York, there's no revenue coming in until July 15," Cuomo said on Saturday.

Publisher: CNBC
Date: 2020-03-28T18:58:58 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Michigan Taxes Not Due Until July After Governor's Executive Order | WSGW 790 AM & 100.5

Governor Gretchen Whitmer has signed an executive order extending the filing date of the state and local municipality tax deadline until July.

Normally due by April 15, the same date as federal tax returns are due, Whitmer’s order allows Michiganders to put off filing their taxes until before midnight July 15, 2020. Residents in cities within the state with income taxes due April 15 will need to file by July 15, while resident in cities with an April 30 file date can file their city income tax by July 31.

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Publisher: WSGW 790 AM & 100.5 FM
Date: 2020-03-28T23:00:47 00:00
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Tax experts: File taxes now instead of waiting because of coronavirus extension

HIGHLANDVILLE, Mo. -- Tax season has been extended another 90 days because of an extension amid the coronavirus pandemic.

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"We have had quite a few people file already, but we also have quite a lot of clients who haven't filed," said Kelly Ball.

Ball says 2019 taxes were initially due by April 15th, but due to the coronavirus pandemic, that date has been extended to July 15th.

Date: 9CD4A96D8A076527F07FD24CFCDE5489
Author: Christine Morton
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Coronavirus stimulus-package tax relief: Withdraw $100K from your IRA — and repay in 3

The $2 trillion coronavirus economic recovery bill is expected to be passed by the House Friday and signed into law by President Trump shortly thereafter. The legislation has been dubbed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The new law is a daunting 880 pages long, but it contains lots of good news for individuals and businesses, including meaningful tax relief. This column explains one tax-relief measure that can potentially benefit many IRA owners. Here's what you need to know:

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Publisher: MarketWatch
Date: 2020-03-28T14:20:00-04:00
Author: Bill Bischoff
Twitter: @marketwatch
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