This week we look at: turning business gain taxation lead into gold, the UN's committee on digitalization, another IRS reorganization, green incentives, and more. We'll hear from:
Savvy taxpayers are transforming business gain taxation lead into gold. Their approach is far from "ordinary." Blake Christian of Holthouse Carlin & Van Trigt LLP and Joseph B. Darby III of Joseph Darby Law PC illustrate how the alchemy works. Read: O-Zone Alchemy: Turning Net 1231 Gains Into Gross 1231 Gains (and Losses)
This may worth something:
Dependents and stimulus checks: Eligibility, money, tax breaks, more - CNET
Whom Congress considers a dependent for stimulus checks has dramatically changed. Here's how it works.
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The new CTC rules would bring up to $3,600 per child under age 6, and $3,000 per child up to age 17 over the course of a year, for families that qualify. Payments would begin phasing out for individuals who make more than $75,000 and married couples who make more than $150,000. Payments would happen periodically from July through December.
How do you spell relief? C-A-A | Employee Retention Credit Update - Lexology
Tom Shaw: Trump leaves Republicans road map to victory in 2024 | Columns | joplinglobe.com
On the Sunday talk shows, after the Congressional sergeants-at-arms rejected additional security when intelligence identified radical groups intent on riot, and the Jan. 6 attack on the Capitol occurred, the question was asked whether Trumpism would fade and where will his followers go.
I would like to answer that question by first laying out former President Donald Trump's accomplishments and then identifying what Trumpsters have learned from his four years in office.
Quite a lot has been going on:
The oil industry says it might support a carbon tax – here's why that could be good for producers
Professor Emeritus, Member of National Bureau of Economic Research Board of Directors, MIT Sloan School of Management
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David Schoenbrod is a senior fellow of the Niskanen Center and has written extensively about the regulatory process.
Richard Schmalensee does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Ohio income tax collections would return to pre-pandemic regulations under new bill | Ohio |
An Ohio native, J.D. Davidson is a veteran journalist with more than 30 years of experience in newspapers in Ohio, Georgia, Alabama and Texas. He has served as a reporter, editor, managing editor and publisher.
5 ways COVID-19 might affect your tax bill | WAVY.com
( NerdWallet ) — Staying home for months on end has taken a toll on everyone, but it can also take a toll on your tax return. Here are five unexpected ways the pandemic could affect your taxes — and what tax pros say you can do about it.
"I honestly think that people are going to try to do that," Pyron says, referring to claiming the deduction. "And that will bring a lot of kickback potentially on a return."
South Carolina May Join Other States to Provide State and Local Tax Cap Workaround | Burr &
The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 cap on the federal deduction for state and local taxes for tax years 2018-2025. While corporations are not subject to the cap, business owners who pay state and local income tax on pass-through income are subject to the cap.
On November 9, 2019 the IRS released Notice 2020-75 indicating it would issue regulations to clarify that state and local taxes paid by a partnership or corporation would be deductible by the partnership or S corporation when they compute their pass-through income.
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