Thursday, May 14, 2020

Don't hold your breath on seeing Donald Trump's taxes before the election - CNNPolitics

(CNN) On Tuesday, the Supreme Court heard oral arguments about whether or not the House of Representatives and the Manhattan District Attorney had the legal right to see President Donald Trump's financial records and tax returns. A decision on what is perhaps the most closely watched case in this Court session -- and one with sweeping implications about the powers of the presidency -- will come sometime this summer.

Publisher: CNN
Date: 2020-05-13T14:55:10Z
Author: Analysis by Chris Cillizza CNN Editor at large
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This may worth something:

Covid-19 emergency measures affecting clients' duty to verify withholding taxes | Hogan Lovells -

the obligation to verify the correct application and remittance of the withholding taxes levied on the salaries of the individuals working on the relevant service contract, by asking the suppliers to provide, within 5 working days after the deadline for the payment, the relevant documentation and, in case of failure to transmit the above, suspending any payment due and sending a communication to the Tax Authorities within 90 days.

Publisher: JD Supra
Twitter: @jdsupra
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Deadline for taxes delayed by Lycoming County commissioners, some municipalities | News,

Lycoming County commissioners approved a resolution to move back the county property tax payment deadline from June 30 to Aug. 31.

The City of Williamsport was the first municipality in the county to take such action. Less than a week ago, DuBoistown Borough Council unanimously approved a measure to extend the borough’s deadlines if the county did so.

On Wednesday, Muncy Township supervisors waived penalties for late payments from its residents for the remainder of 2020.

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No virus relief expected for property taxes | Community Alert | herald-zeitung.com

A neighborhood in New Braunfels on April 9. Many residents are battling rising property values during the COVID pandemic. MIKALA COMPTON | Herald-Zeitung

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Last Thursday, New Braunfels resident Bob Wolf urged Comal County commissioners to consider asking for a freeze on property values — and increased taxes.

"We're asking for a resolution asking the governor to freeze property values at the 2019 levels to combat COVID-19 economic woes," he said, indicating that one-sixth to one-third of all Americans right now are either unemployed, underemployed or retired. "Every business in this county — with the exception of grocery stores, liquor stores and gun shops — has seen a dramatic drop in revenues.

Publisher: Herald-Zeitung Online
Author: Will Wright The Herald Zeitung
Twitter: @newbraunfelshz
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And here's another article:

Wendell may lower taxes, raise water charge | Wake Weekly

Thank you for being one of our most loyal readers. Please consider supporting community journalism by subscribing.

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WENDELL — Wendell residents may see a 2-cent decrease in their tax rate and a 5% increase in their water and sewer rate July 1 if a proposed budget presented Monday night is adopted by the board of commissioners.

The budget totals $19.5 million, which represents a 159.1% increase over the 2019-20 budget. This is due to more than $11 million in planned capital expenses, according to Town Manager Marc Collins.

Publisher: Wake Weekly
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How Does Coronavirus Affect Your Taxes?

In the face of economic uncertainty beset by job losses, furloughs and business closures around the country, millions of Americans are tapping various forms of funds to stay afloat amid the COVID-19 crisis.

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Treasury Secretary Steven Mnuchin made the announcement on a March 20 tweet, saying that under President Trump’s direction, the new Tax Day date would be moved to July 15.

The move was made to grant individuals and businesses more time to file and make payments without interest or penalties.

Date: 2020-05-13T20:53:09.697 00:00
Author: Eldis Sula
Twitter: @radiodotcom
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Massive House Bill Includes New & Improved Stimulus Checks, Expanded Jobless Benefits And Tax

House Speaker Nancy Pelosi speaks about the Heroes Act, Tuesday, May 12, 2020, on Capitol Hill in ... [+] Washington. (Saul Loeb/Pool via AP)

After weeks of will they or won't they, they did: House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act.

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Spending.  The first hundred pages or so would provide additional funding for various government agencies for COVID-19 programs. And yes, the bill would provide additional funding for the Internal Revenue Service (IRS) "to prevent, prepare for, and respond to coronavirus, including for costs associated with the extended filing season."

Publisher: Forbes
Date: 2020-05-12
Author: Kelly Phillips Erb
Twitter: @forbes
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Cook County To Waive Late Fees For 2nd Installment Property Tax Bills For 2 Months – CBS

CHICAGO (CBS) — The interest penalties for late payment of second-installment property tax bills due later this year in Cook County will be delayed, giving property owners struggling financially during the coronavirus pandemic more time to pay up without a late fee.

"These are incredibly difficult times for our residents and this measure creates much-needed breathing room for Cook County property owners," Cook County Board President Toni Preckwinkle said in a statement. "With residents and businesses facing so many challenges and difficulties because of the coronavirus, waiving late fees on property taxes is the right thing to do right now. This can keep residents in their homes and allow businesses much needed time to recover from the COVID-19 pandemic.

Date: 2020-05-13T14:15:47 00:00
Author: http www facebook com cbschicago
Twitter: @/CBSchicago
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