Hoffstadt�s Opinion Declares That Man Assessed With Tax Liability Can�t Maintain Action For Declaratory Relief Which, If It Succeeded, Would Result in Relief From Paying
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The state constitutional rule that a taxpayer contesting an assessment must �pay first, litigate later� cannot be circumvented by bringing a declaratory relief action challenging the validity of an underlying tax regulation, Div. Two of this district�s Court of Appeal held yesterday.
And here's another article:
Rayonier Completes Acquisition of Pope Resources | Coronavirus | baytownsun.com
Rayonier Inc. (NYSE:RYN) today announced the completion of its previously announced acquisition of Pope Resources, A Delaware Limited Partnership ("Pope Resources"). Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020.
"The completion of this transaction significantly expands and enhances our Pacific Northwest timberland and real estate portfolio," said David Nunes, President and CEO of Rayonier. "It further represents a significant milestone in our long-term strategy of acquiring high-quality timberlands in strong log markets and building long-term value for our shareholders through prudent capital allocation.
CA EO Extends Property Tax Payment and Statement Filing Deadlines
The April 10 payment deadline is extended for most homeowners and certain business property owners who were unable to pay their property taxes by the original deadline. While some county tax collectors had already granted extensions to the April 10 payment deadline, most counties had not, and property owners were generally required to pay property taxes by April 10 to avoid the imposition of a 10% late-payment penalty and other charges.
Trusts and estates are permitted certain deductions - Journal of Accountancy
These rules apply to estates and nongrantor trusts (including the S portion of an electing small business trust) and their beneficiaries.
Notice 2018-61 had left unanswered the question of how to treat Sec. 642(h) excess deductions, which are passed on to beneficiaries when a trust terminates. Under the proposed regulations, each deduction comprising the Sec. 642(h) excess deduction retains its separate character as an amount allowed in arriving at adjusted gross income, as a non–miscellaneous itemized deduction, or as a miscellaneous itemized deduction.
This may worth something:
TAX VIRUS BRIEFING: Prospects for A New Aid Package Unclear (1)
The outlook for another big coronavirus relief package is unknowable at this point as the White House, Republicans, and Democrats start laying down possible markers. Meanwhile small businesses are struggling with complex aid measures. Wall Street titans see tax increases ahead. And tax collections could take a big hit in coming years as virus relief work stresses already stretched IRS resources.
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We've taken down our paywall to give you access to all of our tax and law coronavirus coverage .
Canada Revenue Agency Announces Pension Relief Measures and Guidance Amidst the COVID-19 Pandemic
In light of the COVID-19 pandemic, the Minister of National Revenue will waive the 1% rule for the remainder of 2020 if the plan is amended to suspend contributions under the plan for the year. In other words, for tax purposes it will be permissible to amend a pension plan to provide that employer contributions will not be made to the DC plan or provision following the plan amendment in 2020 without violating the usual rule.
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Before adopting any unilateral plan amendments to reduce or eliminate future employer contributions to a DC pension plan or provision for any part of 2020, plan sponsors and administrators ought to consult with legal counsel respecting potential labour and employment law issues and risks, as well as applicable pension standards requirements.
White House mulls pushing tax deadline to September or December | TheHill
The White House is considering again delaying the deadline to file federal taxes and adopting economic measures to support Americans that do not require further legislation from Congress, NBC reported .
Tax Day, which has already been pushed from April 15 to July 15, could be extended to Sept. 15 or Dec. 15, although an official decision has not been made, the outlet reported, citing two people familiar with the discussions.
DNP Select Income Fund Inc. Section 19(a) Notice | News | tribuneledgernews.com
The following table sets forth the estimated amounts of the current distribution, payable May 11, 2020 , together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31 , 2020. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
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