This is something I've never said before: Now that Independence Day is behind us, tax day is fast approaching.
Because of the coronavirus pandemic , the Treasury Department postponed the traditional April 15 federal tax filing deadline until July 15. And this time, there's no wiggle room. Last month, the Internal Revenue Service announced that there would not be another blanket filing delay.
So if you haven't filed your return yet — or if you've filed but haven't yet paid the taxes you owe for 2019 — the deadline is Wednesday.
In case you are keeping track:
Trump's Taxes May Be Released — Eventually - The New York Times
Our DealBook Debrief conference calls are back, starting next week. On Thursday, July 16 at 11 a.m. Eastern, we will be joined by the White House correspondent Maggie Haberman to discuss how the Trump administration is addressing election-year concerns amid the risk of a renewed wave of infections. R.S.V.P. here for the call . (Want this delivered to your inbox each day? Sign up here .)
It was a split decision: New York won, Congress lost (for now). Both elements of the matter were decided by 7-to-2 majorities:
Don’t unleash attorneys on enforcing taxes – Daily News
On June 10, the Assembly approved a bill that would allow private parties to sue companies for improperly taking tax deductions.
Assembly Bill 2570 would expand the California False Claims Act to include tax enforcement. The CFCA is a whistleblower protection law that applies to false or fraudulent claims for payment or approval. The Act requires the attorney general or the local prosecuting authority to investigate violations involving state funds or local government funds, and it authorizes a civil lawsuit against the person who commits those acts by a prosecuting authority or by a private attorney.
Does Trump owe Russia?
Other things to check out:
U.S. Will Impose Tariffs on French Goods in Response to Tech Tax - The New York Times
WASHINGTON — The Trump administration on Friday said it would impose new tariffs on $1.3 billion worth of French goods, including cosmetics, soap and handbags, in retaliation for a French tax that largely hits American technology companies, escalating a trade dispute that threatens to further damage the global economy.
The 25 percent tariffs will be delayed 180 days and take effect in January 2021, a hiatus meant to give both countries time to resolve their differences over a digital tax that will hit American tech companies.
Opinion | Trump has only been protecting us from things in his taxes too terrible to know!
There are some secrets too terrible for man to know. There are some runes which destroy their interpreters. There are some texts which, when opened, lay waste the minds of those who contemplate them and spread devastation all around.
Four years ago, an attempt was made to audit Donald Trump's taxes. Where are those audits now? What audit takes four years? Some say they sent the auditors in, young and spry, and none of them has returned. Another rumor has it that one of them stumbled out and his auditing hand was missing — no wound, just as though an eraser had been taken to the end of his arm. Whenever he tried to speak, words would catch in his throat.
Restaurant resolves tax issue, reopens
J.Pfenny’s on East High Street reopened for business July 4 after the owners reached an agreement with the Department of Revenue over taxes they owed.
A consent judgment entered Thursday from Cole County Judge Dan Green’s court states DOR and the bar’s owners, Daniel and Becky Pfenenger, agreed to mutual stipulations.
As of March, the Pfenengers were delinquent in filing sales and withholding tax returns and remitting taxes, interest, additions to tax and penalties in the amount of $102,751.
Biden's tax plan is an act of supreme economic masochism that would erase 40 years of
No tax agenda in modern history would do more to chase jobs and investment out of the United States than this “sock it to the rich” sophistry.
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It reverses virtually every tax cut under the Trump law, which gave us the lowest unemployment rate and highest income gains in 30 years, a surge in wealth and stock values, and attracted nearly $1 trillion of foreign capital to the United States.
Biden’s plan erases 40 years of pro-growth progress in reducing tax rates. Instead, he raises tax rates on work, investment, small businesses, energy producers, and corporations back to the levels that prevailed in the United States in the 1970s.
Happening on Twitter
Millions of Americans could be in for a surprising tax bill next year: Unemployment benefits are taxable income. 37… https://t.co/mKVRyRjw9L MarketWatch (from New York, NY) Sat Jul 11 01:39:55 +0000 2020
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