Performing year-end tax planning this year is going to be "very, very difficult," Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA's Personal Financial Planning Section.
Advisers face the challenge of helping clients plan for 2021 while control of the Senate remains uncertain. The breakdown of seats in the Senate, and the fate of Democrats' plans to raise taxes on wealthy taxpayers, likely will not be known until Georgia conducts a special election for its two senators on Jan. 5. The runoff is necessary because none of the candidates for either Senate seat garnered 50% of the vote, a threshold set by Georgia law.
Many things are taking place:
Do I Have to Pay Taxes on My Side Gig? | Personal-finance | starherald.com
Everyone has a side hustle these days. But the taxes on that income can be very different from what you're used to seeing with salary and wage income from traditional employment.
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Dan Caplinger: So Max, it's a long topic, but let me give you just a general overview. When you have a side gig, you were treated as though you've started your own business. In general, the side gig is not going to hire you on as an employee. If they do, then it's a pretty simple situation. You just have to treat it the same way that you treat your employment. You'll get a W-2 from those folks. You'll have to report the income the same way.
Property taxes: Commercial real estate struggles with delinquent payments during COVID-19
PROPERTY TAXES DUE MONDAY - KQEN News Radio
The Douglas County Tax Collection Office is reminding residents that their 2020/2021 property taxes are due on Monday.
To help mitigate the spread of COVID-19, the office is closed to the public through November 27th. Staff can provide assistance with customers via phone or e-mail from 8:00 a.m. to 5:00 p.m.
Checks can be mailed in but they must be postmarked for Monday. Payment can also be taken to the tax collection boxes that are in front of the courthouse, and in the hallway outside the office. Payments can be made online at: https://www.co.douglas.or.us/finance/taxpayments.asp . Online fees are being waived this year due to COVID-19.
Many things are taking place:
La Salle County real estate taxes sale rescheduled | The Times
The La Salle County Treasurer's Office postponed its delinquent tax sale until further notice because of mitigations regarding rising COVID-19 infections.
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Because of this postponement, the treasurer's office will continue to accept payments for tax bills until the tax sale has been rescheduled. The office will only accept certified funds, cashier's checks, money order or cash. The office also will accept payments at the drop box located on the east side of the La Salle County Governmental Complex on Etna Road. Don't leave cash in the drop box.
Biden’s IRS could finally give Trump’s tax returns to Democrats - POLITICO
President Donald Trump listens to a meeting Aug. 3 in the Cabinet Room of the White House. | Alex Brandon/AP Photo
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President Donald Trump's defeat will make it a lot easier for Democrats to finally get his tax returns, and some prominent lawmakers plan to keep the heat on the incoming Biden administration and House leaders to deliver.
Once Biden controls the Treasury Department, his administration could simply hand over the long-sought records to its allies in Congress, who have been fighting in court to force Trump to turn them over, so far unsuccessfully.
Private Equity Seeks Treasury Help to Avoid Offshore Tax Hit
Tenn. collects half a mill. in taxes in the first week of online sports betting
NASHVILLE, Tenn. (WTVF) — In the first week of online sports betting in Tennessee, the state collected more than half a million dollars in taxes.
The Tennessee Education Lottery (TEL) released the wagers and taxes from online sports betting from Nov. 1 - 8 on Monday afternoon. TEL oversees the licensing and regulation of online sports wagering in Tennessee.
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