Today, the IRS further extended deadlines, including two that were vexing taxpayers: first-quarter estimates and those 2016 refund deadlines:
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And as more tax updates become available, we'll keep you updated. Keep checking back for details.
And here's another article:
TARTA board approves resolution to start sales-tax proceedings | Toledo Blade
Residents Pay The Lowest Property Taxes In These States
The property tax analysis for more than 86 million single-family homes in the United States shows that property taxes levied on single family homes in 2019 totaled $306.4 billion, up 1% from $304.6 billion in 2018 and an average tax amount of $3,561 per home, an effective tax rate of 1.14%.
The effective property tax rate is the percentage of a property's value – either its assessed value or in some cases its estimated market value – paid in property taxes during a given year.
Property tax deadline arrives amid coronavirus fall
SAN JOSE — Tax collectors in the vast majority of Bay Area and California counties are reminding people that property taxes are still due on Friday, a deadline that arrives at the same time the coronavirus economic fallout has eroded the ability of many real estate owners to pay.
San Mateo County and San Francisco County have acted to delay when they would collect property taxes, pushing the deadline into early May.
Other things to check out:
Suspend Payroll Taxes for Businesses and Individuals? The Trade-offs
Suspending the payroll tax on both employers and employees would reduce the payroll tax rate to zero. Importantly, individuals would still have federal and state income taxes withheld from their paychecks, but payroll taxes would not be owed by employers or employees for the remainder of the 2020 tax year.
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In the same vein, a wholesale payroll tax suspension may support firms facing liquidity problems and considering layoffs, slowing the economic slowdown.
Property Taxes Due Friday – Three Payment Options | Voice of OC
The following is a press release from an organization unaffiliated with Voice of OC. The views expressed here are not those of Voice of OC.
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If payment is not received by April 10, then a 10 percent penalty and a $23 fee will be added to your property tax amount. In addition if you don't pay by July 1, 2020, the law requires that interest at 1.5 percent monthly (18 percent annually) be charged. To pay after April 10, you have two remaining options:
City grants tax extension in pandemic | News, Sports, Jobs - Williamsport Sun-Gazette
As more people are furloughed and businesses closed due to the COVID-19 pandemic, an extension has been offered for city real estate taxes. County taxes, however, will be due in keeping with the original schedule.
“We are giving people extra time to file their taxes due to the financial hardships experienced by the pandemic,” said Nicholas Grimes, city treasurer and tax collector.
Christie's to Pay Up to $16.7 Million Fine Over Tax Violations - The New York Times
As part of an agreement to avoid prosecution, Christie's will pay up to $16.7 million for failing to properly collect New York sales tax from 2013 to 2017 on private purchases made in the state or ultimately delivered there, the Manhattan district attorney's office said on Thursday.
The fine comes after a yearslong investigation into the tax-collection practices of the auction house's London-based private sales arm, as well as those of other Christie's-affiliated companies overseas — including ones in Amsterdam, Dubai and Hong Kong — conducting business with clients in New York. The settlement requires $10 million to be paid up front and the remainder to be paid in about two years.
Happening on Twitter
Due to the #COVID19 outbreak, #IRS is postponing payments related to Installment Agreements and Offers in Compromis… https://t.co/MzIvorejE9 IRSnews (from Washington, D.C.) Thu Apr 09 21:01:05 +0000 2020
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