Friday, June 19, 2020

You have less than a month to file your taxes. Here’s everything you need to know | WANE

TAMPA, Fla. ( WFLA ) – Your last day to file taxes is less than 30 days away after the Treasury Department moved the deadline to help Americans impacted by the coronavirus.

Due to COVID-19, the final day to file one’s taxes is July 15th. With only a few weeks left, Rolanda McDuffie, Certified Public Accountant, has some last minute tips taxpayers should know:

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Publisher: WANE
Date: 2020-06-19T09:51:54 00:00
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While you're here, how about this:

Crestwood approves budget with tax hike - News - Citizens' Voice
Date: 2020-06-19T00:40:56Z
Author: Kent Jackson
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After U.S. Declares Impasse on Digital Taxes, Europe Continues Push - WSJ

PARIS—European officials are pushing forward with plans to tax tech giants after the U.S. declared international talks on the issue to be at an impasse, raising the specter of trans-Atlantic trade conflict.

French Finance Minister Bruno Le Maire said Thursday that France will resume collecting a 3% tax on revenue from digital services if countries from around the world can't agree on a system for reallocating tax revenues from tech giants by the end of 2020.

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Publisher: WSJ
Date: 2020-06-18T14:56:00.000Z
Author: Sam Schechner
Twitter: @WSJ
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DABC failed to monitor taxes, fees collected at Utah breweries, distilleries and wineries, audit

The Utah Department of Alcoholic Beverage Control has failed to adequately monitor the taxes and fees collected though on-site stores at breweries, distilleries and wineries, a state audit released Thursday shows.

"We consider the existing monitoring procedures inadequate and are concerned with the lack of care of certain DABC personnel to ensure proper collection of taxes and fees," the audit states. "Inadequate monitoring of these types of package agencies could create incentive for the manufacturers to underreport their sales, distorting the competitive landscape as well as resulting in a loss of remittances to the state."

Publisher: The Salt Lake Tribune
Date: 2020-06-18T18:52:30.165Z
Author: https www facebook com kathy k stephenson
Twitter: @sltrib
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While you're here, how about this:

Will Californians pass new taxes amid a recession? | CalMatters

As Gov. Gavin Newsom and the Legislature continue to negotiate a budget, some cities are floating new taxes to stave off cuts to public programs, while state tax hikes on the November ballot are taking on a new meaning in light of California’s projected $54 billion deficit.

Will California voters, millions of whom have lost their jobs amid the pandemic-induced recession and who already showed severe signs of tax fatigue in March , support taxes in November?

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Publisher: CalMatters
Date: 2020-06-18T18:31:17 00:00
Twitter: @CalMatters
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Nashville approves 'painful' property tax hike | Fox Business

Fox Nation host Tomi Lahren talks about her recent move to Nashville, Tennessee and the unfortunate timing of city council's approval of a property tax hike to cover coronavirus lockdown expenses.

The Nashville City Council imposed a “large” property tax hike on residents when it approved a budget that aims to make up for revenue lost due to the novel coronavirus  pandemic.

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“A combination of deep cuts, a painful but necessary property tax increase, and replenished fund balance will safely see our community through to the other side of the coronavirus and the most serious budget crisis in Nashville’s history,” Nashville Mayor John Cooper said in a statement.

Publisher: Fox Business
Date: 2020-06-18
Twitter: @FoxBusiness
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School board rejects tax-sharing offer | News, Sports, Jobs - Tribune Chronicle

LORDSTOWN — The Lordstown Board of Education voted 5-0 Wednesday to reject an income tax-sharing agreement with the village for the General Motors battery-cell plant now under construction because of a dispute over who should sit on the tax abatement committee.

The board had decided that for years one through five, the village would receive 75 percent on the construction and also receive 75 percent of the income tax revenue, with the schools receiving 25 percent in income tax revenue. In years six to 15, the village and the schools would share the income tax 50-50.

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Cash-strapped property owners in Bexar County face June 30 tax deadline

SAN ANTONIO – As if paying the mortgage and grocery bills is not challenging enough for people who've lost jobs and income, many now face a June 30 deadline to pay their property taxes.

"That's a common concern we hear -- 'My business has been closed for three months. How am I going to pay my property taxes?'" said Bexar County Tax Assessor-Collector Albert Uresti.

Publisher: KSAT
Date: 2020-06-18T22:49:32.791Z
Author: Marilyn Moritz Misael Gomez
Twitter: @KSAT
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