Tuesday, October 20, 2020

Washington Liquor and Cannabis Board Amends Excise Tax Regulations Concerning Special Occasion

Twitter: @tax
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Quite a lot has been going on:

Will Rhode Island follow NH's lawsuit over taxation of remote workers? | WJAR
Publisher: WJAR
Date: 2020-10-19T13:20:24 00:00
Author: KELLY O
Twitter: @nbc10
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EU Watchdogs Make 'Big Tech Hit List' | PYMNTS.com

Here's the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally.

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Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports .

EU regulators are reportedly creating a "hit list" of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities.

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Publisher: PYMNTS.com
Date: 2020-10-20T02:09:18Z
Twitter: @pymnts
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Ripley to hold public hearings tonight on cable, tax cap | News, Sports, Jobs - Observer Today

RIPLEY — At their regular meeting on Oct. 8, Ripley town council members scheduled two public hearings to take place on today at 7 and 7:15 p.m., respectively.

The first public hearing is to review and approve the agreement between area municipalities and Spectrum cable company. The second public hearing will be to approve the tax cap override.

In 2017, Ripley council members approved designating the village of Mayville as the lead agency in negotiating with Spectrum. The agreement for the coming year has been finalized and needs approval by the participating municipalities.

Publisher: observertoday.com
Twitter: @TheObserverNY
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This may worth something:

Easement Deal Appeal Offers Early Test for Old Treasury Rules
Twitter: @tax
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IRS and Treasury issue final regulations regarding use of consolidated net operating losses -

The Regulations do not finalize any part of the Temporary Regulations (T.D. 9900) issued on the same day as the Proposed Regulations that permit consolidated groups that acquire new members that were members of another consolidated group to elect to waive all or part of the pre-acquisition portion of an extended carryback period under section 172 for certain losses attributable to the acquired members.

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Prior to the Tax Cuts and Jobs Act (the TCJA), [3] corporations could carryback net operating losses (NOLs) to the two preceding taxable years in order to obtain a refund for the overpayment of taxes in such years and carryforward their NOLs for 20 years to offset taxable income, if any, in future taxable years.

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What is an Enrolled Agent for Taxes? - TheStreet

Enrolled agents (EAs) are tax professionals authorized to represent taxpayers before the IRS. These agents have "unlimited practice rights," meaning that they are allowed to represent any kind of taxpayer -- individual, business or organization -- and are authorized to deal with any federal tax issue. They can represent clients in all dealings with the IRS, from filing forms and returns to defending them in audits.

Federal regulations give unlimited practice rights before the IRS to only three kinds of professionals:

Publisher: TheStreet
Date: 2020-10-19T11:00:00Z
Author: TurboTax
Twitter: @thestreet
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New Stanford Study Suggests Biden's Agenda Will Have 4 Devastating Economic Consequences -

The Editorial Board: A new study on Biden's tax, health-care, energy and regulation proposals predicts $6,500 less in median household income by 2030. https://t.co/IYJv90cqTT

It's crucial to understand not just what Biden's government-heavy agenda would do to the economy, but why .

"Taxing profits is tantamount to taxing success," famed free-market economist Ludwig Von Mises once wrote. "Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away."

Date: 2020-10-19T16:00:17.6932937
Author: Brad Polumbo
Twitter: @@feeonline
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