Tuesday, July 13, 2021

IRS to send another 4 million tax refunds to people who overpaid on unemployment

The U.S. is delivering another batch of tax refunds to Americans who received unemployment insurance benefits last year and may have overpaid taxes on them.

The average payment will amount to $1,265, according to the IRS. That means some taxpayers will receive more and others less. But taxpayers who owe money elsewhere may not see a refund even if they're due to receive one. 

Twitter: @cbsmoneywatch
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Work on Amazon warehouse fuels spike in Canton's sales taxes

CANTON, Miss. (AP) — A Mississippi city is seeing significantly higher taxes from an Amazon warehouse that hasn't even opened yet.

There has been a 19% increase in sales tax from last year, said Stacy Lester of the Madison County Economic Development Authority. The increase is from construction workers and others involved with the project buying locally during the building phase, Lester said.

Publisher: AP NEWS
Date: 2021-07-13T12:54:07Z
Twitter: @ap
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Amazon fuels debate about who should get online sales taxes | CalMatters

While 1% may not sound like much, if it's 1% of $700 billion, it's a lot of money to anyone not named Bezos, Gates or Buffet.

Californians spend roughly that much each year on taxable goods, everything from chewing gum to earthmoving equipment, and sales taxes can run as high as 10%.

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Publisher: CalMatters
Date: 2021-07-13T07:01:00 00:00
Author: Dan Walters
Twitter: @CalMatters
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From tea tariffs to taxes — and back | Accounting Today

If the American colonists had been more appreciative of the benefits provided by the mother country, today we might be paying tax to the HMRC (Her Majesty's Revenue and Customs), rather than the IRS.

In the beginning, things were very different, according to Mark Luscombe, principal tax analyst at Wolters Kluwer Tax & Accounting.

Publisher: Accounting Today
Date: 2021-07-13T16:57:31.181
Author: https www accountingtoday com author roger russell
Twitter: @AccountingToday
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Sticker shock: Connecticut taxpayers hit with unexpectedly higher taxes on vehicles that became

New and used cars are in high demand and short supply, the perfect conditions for rising prices that boost taxes on which vehicle values are based.

"Our assessor's office has gotten lots of calls," said Matt Knickerbocker, Bethel's first selectman.

Publisher: courant.com
Date: 5BD4D8882CFBE697785FCAC5BBA5F612
Author: Stephen Singer
Twitter: @hartfordcourant
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Escambia County Airbnbs delinquent on taxes after increase, miscommunication

A change in Tourism Development Tax requirements has left some short-term rental owners confused about how much they need to pay Escambia County, and it's left the clerk's office with a heavier workload trying to review hundreds of files that have in many cases become inadvertently delinquent.

Publisher: Pensacola News Journal
Author: Emma Kennedy
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Manhattan City Commission to vote on raising property taxes during meeting Tuesday

MANHATTAN, Kan. (KSNT) – The Manhattan City Commission is going to vote on raising property taxes during a special meeting Tuesday night. Due to a new Kansas law, the commission has to send notice to both Riley County and Pottawatomie County about its intent to raise taxes by July 20.

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Publisher: KSNT News
Date: 2021-07-13T16:24:25 00:00
Author: James Ryan
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NJ in favor of federal credit for local taxes | NJ Spotlight News

A clear majority of New Jersey voters from across the political spectrum want the federal government to restore an unlimited write-off for property tax bills and other state and local taxes, according to a recent poll.

In all, more than 60% of those surveyed by the Fairleigh Dickinson University Poll last month indicated they want a full restoration of the federal tax write-off that's commonly referred to as SALT.

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Publisher: NJ Spotlight News
Date: 2021-07-13T04:03:21 00:00
Twitter: @njspotlight
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Tennessee lawmaker proposes 3/5 supermajority on bills raising taxes | WZTV
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Publisher: WZTV
Date: 2021-07-13T14:23:49 00:00
Author: Adrian Mojica
Twitter: @foxnashville
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